Money Traffic

Exchequer Notes Plan

. 7

To give a farther facility to the calculation and thence to the circulation a table

should be added to the impression exhibiting the encrease of interest accrued at a

certain number of equal periods in the year: say 15 periods of 24 days each: throwing

out as before mentioned the odd days.

Table for a twenty pound note may be as follows.

Table shewing the interest that will have accrued upon this note at different periods

in the Year: each consisting of 24 days: and thence the encrease of vale that it will

have received thereby: and the prices which will accordingly be to be given for it if

received at par, and so for five successive Years

1796

1797

1798

1799

1800

Jan: 24

0: 0 6

_ 8

_ 15. 6

1. 3

1. 10. 6

Feb: 17

Mar. 13

April 6

_ 2: _

_ 9. 6

_ 17. _

1. 4. 6

1. 12.

April 30

May 24

June 17

July 11

_ 4

_ 11. 6

_ 19. _

1. 6. 6

1. 14

Aug. 4

_ 4. 6

_ 12.

_ 19. 6

1. 7. _

1. 14. 6

Aug. 28

Sept. 21

Oct. 15

_ 6. _

_ 13. 6

1 1 _

1. 8. 6

1. 16

Nov. 8

_ 6. 6

_ 14. _

1 1. 6

1. 9. _

1. 16. 6

Dec 2

_ 7. _

_ 14. 6

1 2. _

1. 9. 6

1. 17. _

Dec 26

_ 7. 6

_ 15. _

1 2 6

1. 10. _

1. 17. 6

1796

Interest has been upon this Note for the Years _ _ _ _ _ _ _ _

To find the value of this Note on any day not mentioned in this Table, add a farthing

a day to the sum opposite that one of the days mentioned in it which immediately

precedes the day in question

With these advantages there seems no occasion for making them payable either in

respect of principal or interest more than once a year.

With respect tot eh interest, a time may be fixed within which the Notes must be

presented for payment: Notes not presented within the time not to be paid till the

paying season recurrs in the next year. On such terms the/The number of days allotted

for payment in each year can not consistently with good faith fall much short of what

would be sufficient for paying the interest upon the whole number of notes if

presented, should they happen to be presented, which however is sovereignly/supremely

improbable: though at the outset the presumptions upon which the arrangements are

grounded should all of them be as unfavourable as possible.