JB/002/217/001

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Abs
Conclu

If notwithstanding<add>however </add> at the period in question, there remainedremains
note no paper but of one issue, it is, all of it, 10
Although
paper of his
issue to the last
it might all of
it be in the hand
of circulation, and
be seen to be so
by not having
the interest on it
claimed
(as both have shewnas we have seen) in the hands of the customers
for temporary income with a view to circulation, who
would would universally, generally speaking, betake themselves to the circulation for the interest
of it, upon which the demand for interest at
the Offices, would nearly cease. But the same
cessation might also take place, although there were
to be paper of two issues: and would takeplace, if
the paper of both issues were to be in the hands
of the customers for temporary income with a view
to circulation as might be the case wouldThis is no more than
This is no moreNor is there any more than what might enough be thetake place,
casesince the paper of the closed issue becomingwould have a premium corresponding to the superior rate of interest
is afforded:(a) and it would appearbe seen by government to be the case, (a) Note (a) at bottom
of this page
of the paper interest upon the paper of the closed
issue continued to be issue were seen to remain undemanded undetermined..
the officer.

In

—
Note to p.119

(a) The premium is a necessary condi accompaniment
condition to the co-existence of two papers
of the same denominative value carryingbearing different
masses of interest: a man would never have
£100 or the value for a mass of paper yielding called £100, and
£1.3.8 1/2 a year interest, if for the same price
he could get a mass of paper, which though
called by £!00, yielded £1. 9s. 6d a year interest

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Metadata:JB/002/217/001