JB/002/333/001

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5 Cause &c

An Exchequer Bill (I speak of those issued in 3
Exchequer Bill.
not received without
making 4 per Cent
interest virtue of the Statute of last year) bears interest to
the amount of upwards of 4 1/2 per Cent: the interest
upon a Bill of £100 being 3d a day: which by
the year makes £4-11-3d and is made payable upon hearing thus
much of it what one should suppose is that it
should bear a premium to the amount of the interest:
since a Bank note for that sum payable
to Bearer and bearingcarrying no interest bears no discount
but is received at par. Upon being informed that
though an Exchequer Bill does indeed bear a premium,