JB/002/364/001

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seems to be that in the event of the conversion of the present
stock of Navy Bills into Exchequer Bills, the latter
would not preserve the whole of their advantage,
nor lose the whole, but preserve a part, insomuch
that not the whole of the 1-1/4 per Cent or 1-1/2
per cent would be gained by government by the operation
but only a certain part of it: what precise part
of it is I believe more than any one will undertake
to say with confidence.

Were this course to be pursued the simplest
mode of pursuing it would, it should seem, be this
An Act to be passed in virtue of which The Navy Board instead of giving a Navy Bill
to give a draught upon the Exchequer: Auditor of
the Exchequer: the Auditor thereon in payment of such
draught to make out an Exchequer Bill. Exchequer
Bills it may be said are not now made out but
to a certain amount predetermined by Parliament.
But Parliament consenting, authorizing it is would be just as easy to make
out Bills to an amount uncertain in the shape
of Exchequer Bills as in the shape of Navy Bills.

Identifier: | JB/002/364/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering
Box	002	Main Headings	annuity notes
Folio number	364	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e7
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1103
Box Contents