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1 105
6 Abstract
Advantages Financial
Ch. VII Period III
4
As to profit by
Exchequer Bills
the rate of interest
on Exchequer Bills
during the period
is more likely to
fall short of the
rate of the closed
issue (£2.19s)
than to exceed it
1
10. 7 Profit in respect of Exchequer Bills. During
rate kind of profit continues with an increase this <add>third period, in comparison with the second, the rate of profit</add>
will hav receive an encrease.
During the second period For the money wanted
for occasional purposes during the 2d period, it
will (as has been seen) have been necessary to give a rate of interest
one step step higher, than that which, by
the continual commission of Annuity Notes, at that rate to all
customers, it was become the current rate in the power
of every body to make. But the first issue being
now closed, it is not longer in the power of every
body, or even any body, to obtain Government Annuities
at that-rate: even though the paper
of the first issue may will still be to be had of
individuals, it will not be to be had but at
an advanced price. The people, by the saving of this advanced
price, will be an adequate a perfect afford sufficient
be sufficient to engage customers, to take
Exchequer Bills at the as may, in a quantity at the price of par price of the closed issue,
to an amount adequate to any money that can be wanted
on the footing of a temporary loan:
Ch. VIII Financial End of Chapter