AUTHOR’S NOTE
111 Words
AUTHOR’S NOTEAuctions have taken place all through civilisation.
There is evidence of slave auctions in the Homeric period of Greek history, from early Christianity and to the more modern slave trade.
The earliest known American auction was held in New Amsterdam in 1662.
Over the centuries laws and regulations have been laid down in order to control fraud and abuse.
I asked the Archives Department of Coutts’s Bank when cheques were first introduced, but apparently it is difficult to pinpoint a specific date.
The forerunners of cheques, such as ‘Notes of Hand’ and other ‘negotiable instruments’ and cheques, merged in a gradual process during the mid-eighteenth century.
The first formalised cheque books were introduced in the 1780s.
- Writer
