★ Find a new page on our Untranscribed Manuscripts list.
There is another point very material to the purpose 17
-the only remaining
circumstance
being the incomensurablity
of
the sum in
Navy Bills -
thence the difficulty
of computation
of circulation in respect of which the Navy Bill
is in a very remarkable degree inferior to an Exchequer
Bill. An Exchequer Bill is always for an even
sum £100 (all Exchequer Bills are for the same
sum) a circumastance which of affords a great
facility in respect to the calculation of the interest, in
comparison of a Bill for an odd sum such as Navy
-Bills are, they being issued for any sum as it may happen
according to the value of the goods that happen to have
been furnished upon the occasion by the person to whom
the Bill is issued. To this facility is added another
still greater and which seems to have been the result
of design and calculated for the very purpose of this
very advantage: I mean the reckoning the interest
