JB/116/032/001

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19 Oct. 1802 Note 2) 81)

Note to p.89 continued
4. Down to the last moment, the supposition which the historian
proceeds upon is — that whatever hard money ever finds its way
into the Colony in any shape, though it be but in halfpence,
will (unless procedures measures such as he suggests be employ'd) find itself under a perpetual impossibility of staying
there. These remedies are such as inexperienced good
sense would naturally suggest, but of the compleat and radical inefficacy
of which, history, and the reflections that have been grounded
themselves on that history, would have informed him.

By Mr Walker four Page 271 November 1799 Information was at this
time received, "that copper coinage to the amount of Copy to "currency was liable." £550, was
"in the Porpoise, whose arrival might be daily looked for.
"The circulation of this money would be attended with the
"most comfortable accommodation to the people in their various
"dealings with each other; & it might be so marked as to
"preve prevent any inducement to take it out of the
"Colony. If it should ever be found convenient by governm
"government to order a silver coinage for the use of the
"settlement, if it was fixed at not more than half or two
"thirds of the intrinsic value of what it mght might
"pass for, so as to render the loss considerable to any one
"attempting to carry it away, it would be felt as a considerable
"advantage, & would effectually pre prevent the forgeries to
"which a paper currency was liable." —

By this same passage, the existence of a paper currency,
though not directly asserted stated, appears however to be
pretty effectually confirmed.

In addition to the other important blessing, the foundation
of a sort of national debt appears thus from to be laying,
if not already laid, in N. the "improved" Colony.

Identifier: | JB/116/032/001 "JB/" can not be assigned to a declared number type with value 116.
Date_1	1802-10-15	Marginal Summary Numbering
Box	116	Main Headings	panopticon versus new south wales
Folio number	032	Info in main headings field
Image	001	Titles	note to p. 89 continued
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e2 / f89
Penner	jeremy bentham; john herbert koe	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	37565
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