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<head>p. 17<lb/> 1<lb/> Remedies proposed to the <sic>depretiation</sic> <lb/>Navy Bills </head> | |||
<p>Upon the whole, comparing what the state of the<lb/> paper currency is, with what <del>is to</del> upon this view of<lb/> it there seems some ground for supposing that it might<lb/> be, we see a very great loss or <del>at any rate a</del><lb/> to speak in the most moderate way a very great <lb/>failure of gain, <add>advantage,</add> annually incurred by Government.<lb/> The avoiding of this loss, the gaining <add>obtaining</add> of <lb/> this advantage so far as it may prove attainable<lb/> would surely be <del>worth not</del> an object not altogether<lb/> unworthy the trouble of consideration or <add>evem</add> the hazard of<lb/> experiment.</p> | |||
<p>I shall <add>proceed to</add> here state a variety of measures which<lb/> may any or all of them be taken with this view, having <lb/>the choice to <add>determination of in respect of eligibility</add> those to whom it appertains.</p> | |||
<p>One is to <del>issue</del> cease issuing Money-Bills altogether,<lb/> paying Navy Debts with Exchequer Bills. Upon this<lb/> measure <add>alone</add>, if it can be effected the saving would <del>be to</del><lb/> amount to from 1-1/4 to 1-1/2 per Cent upon all the <add>paper</add> money <lb/>that would otherwise be issued in the shape of Navy Bills.]<lb/> This, it <del>will</del> may <sic>occurr</sic> at first sight will make a<lb/> great <add>proportional</add> glut of Exchequer Bills: a glut which it may<lb/> be apprehended may <del>reduce the <unclear>price</unclear></del> produce a <sic>depretiation</sic><lb/> as great <add>as</add> or still greater than that at present existing<lb/> in <add>upon</add> the instance of Navy Bills. But <add>if</add> the money <lb/>which would otherwise have been laid out <add><sic>employd</sic> upon</add> in Navy<lb/> | |||
<add>Bills</add> | |||
</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
p. 17
1
Remedies proposed to the depretiation
Navy Bills
Upon the whole, comparing what the state of the
paper currency is, with what is to upon this view of
it there seems some ground for supposing that it might
be, we see a very great loss or at any rate a
to speak in the most moderate way a very great
failure of gain, advantage, annually incurred by Government.
The avoiding of this loss, the gaining obtaining of
this advantage so far as it may prove attainable
would surely be worth not an object not altogether
unworthy the trouble of consideration or evem the hazard of
experiment.
I shall proceed to here state a variety of measures which
may any or all of them be taken with this view, having
the choice to determination of in respect of eligibility those to whom it appertains.
One is to issue cease issuing Money-Bills altogether,
paying Navy Debts with Exchequer Bills. Upon this
measure alone, if it can be effected the saving would be to
amount to from 1-1/4 to 1-1/2 per Cent upon all the paper money
that would otherwise be issued in the shape of Navy Bills.]
This, it will may occurr at first sight will make a
great proportional glut of Exchequer Bills: a glut which it may
be apprehended may reduce the price produce a depretiation
as great as or still greater than that at present existing
in upon the instance of Navy Bills. But if the money
which would otherwise have been laid out employd upon in Navy
Bills
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annuity notes |
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remedies proposed to the depretiation of navy bills |
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jeremy bentham |
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