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measure liable to the same objections as free from some of the objections to which the
purchase of Stock Annuities is but exposed but
it is opened open to others; — Exchequer Bills
can not be had but of certain fixed amounts &
1 the period for which they are issued is limited
the in general to a time of war, beside which their
existence is at all times precarious — Another
circumstance is that 2 there is only a market
for them in a Single place — 3 2. The quantity
of them is continually liable to increase as well
as the time of payment to retardation and thence
their marketable value to depreciation to an
unknown amount.
2 4. Exchequer Bills are never to b issued for Sums
less than £100. by which circumstance every mass
of money less than that considerable amount is
excluded from this branch of the market
But since neither the quantum of the
sum capable of being invested in this shape
In the case of navy victualing