Encyclopaedia Britannica, 11th Edition, "Letter" to "Lightfoot, John" / Volume 16, Slice 5

Articles in This Slice

LETTERKENNY, a market town of Co. Donegal, Ireland, 23 m. W. by S. of Londonderry by the Londonderry and Lough Swilly and Letterkenny railway. Pop. (1901) 2370. It has a harbour at Port Ballyrane, 1 m. distant on Lough Swilly. In the market square a considerable trade in grain, flax and provisions is prosecuted. Rope-making and shirt-making are industries. The handsome Roman Catholic cathedral for the diocese of Raphoe occupies a commanding site, and cost a large sum, as it contains carving from Rome, glass from Munich and a pulpit of Irish and Carrara marble. It was consecrated in 1901. There is a Catholic college dedicated to St Ewnan. The town, which is governed by an urban district council, is a centre for visitors to the county. Its name signifies the “hill of the O’Cannanans,” a family who lorded over Tyrconnell before the rise of the O’Donnells.
LETTER OF CREDIT, a letter, open or sealed, from a banker or merchant, containing a request to some other person or firm to advance the bearer of the letter, or some other person named therein, upon the credit of the writer a particular or an unlimited sum of money. A letter of credit is either general or special. It is general when addressed to merchants or other persons in general, requesting an advance to a third person, and special when addressed to a particular person by name requesting him to make such an advance. A letter of credit is not a negotiable instrument. When a letter of credit is given for the purchase of goods, the letter of credit usually states the particulars of the merchandise against which bills are to be drawn, and shipping documents (bills of lading, invoices, insurance policies) are usually attached to the draft for acceptance.
Procedure. —Formerly letters patent were always granted under the Great Seal. But now, under the Crown Office Act 1877, and the Orders in Council made under it, many letters patent are sealed with the wafer great seal. Letters patent for inventions are issued under the seal of the Patent Office. The procedure by which letters patent are obtained is as follows: A warrant for the issue of letters patent is drawn up; and is signed by the lord chancellor; this is submitted to the law officers of the crown, who countersign it; finally, the warrant thus signed and countersigned is submitted to His Majesty, who affixes his signature. The warrant is then sent to the Crown Office and is filed, after it has been acted upon by the issue of letters patent under the great or under the wafer seal as the case may be. The letters patent are then delivered into the custody of those in whose favour they are granted.