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Note
Recapitulation & Conclusion Annuity Notes
Note (a)
Note
Supposing the general plan & the proposed Annuity
Note currency to be discarded , an advantage
upon a smaller scale might still be derivable from
it, by applying some of the features of it to the improvement
of the existing species of Government currency
called an Exchequer Bill, in such manner as to cause it to be accepted of at a lower rate of interest than it would otherwise be
1. It might be made out for much smaller sums
say £10 or £9 : that is to say , a part of the
whole mass might be broken down with a view to
general circulation , a competent portion being reserved in the present
large sums being for operations on a large scale.
2. It might be furnished with the proposed aids
to computation , by proper Tables printed on the front or back
of it
3 - It might be made to remove those facilities
for general circulation , which depend upon the
physical qualities of the paper — viz: upon the size, firm
texture and thinness , and which are possessed by the
notes which compose the currency of the Bank of
England.
4. It might be made to receive those put in possession of the new securities
against forgery , which has been proposed.
5. Markets for the purchase of it might be opened
all over the country , by the simple expedient of
lodging remitting it in such quantities and proportions
as should be deemed advisable in the several
local offices already in the Jury of Government :
for example Post Offices , Stamp-Offices ,
Excise Offices , Custom House Offices — It
