In 1828 and 1829 issues of Notes were authorised for various purposes, including £8,500 for the College and £11,000 in connection with the Rue de la Fontaine scheme. At one of the sittings of the States in the year 1829, William Collings, a member of the Finance Committee, stated that there were 48,183 Notes in circulation. On 18th March, 1834, £1,000 was voted for cholera precautions, to be raised either at 3 per cent. interest or in £1 Notes. The latter course seems to have been adopted. From the foregoing it will be noticed that during the 20 years over £80,000 worth of Notes were authorised by the States to be issued. These were mostly of the value of £1, though some £5 Notes were authorised. In 1837 there were still in circulation 55,000, which in that year were reduced, as will be seen in a subsequent chapter, by 15,000. It may be asked whether there is any evidence that the Notes were destroyed as directed. From various sources we found records of at least 18,000 being destroyed. For instance, in the _Gazette_ of 3rd March, 1827, there is the following:-- "Market Accounts for 1826. Notes to Bearer of £1 destroyed. 22 March, 1826 £400 7 November, 1826 £420 1 March, 1827 £122 ----- £942 Total of Notes issued for the Market, £11,296 " " destroyed " " 3,626 ------- Leaving in circulation £7,670." FOOTNOTES: [1] This purchase was in itself an interesting piece of municipal history. "By an Order in Council," says Jacob in his _Annals of British Norman Isles_, p. 153, "the Meat Market Company were to be allowed by the States, certain duties on all the cattle killed, so long as they remained proprietors of the Market; but the States were allowed at any future time to take the same into their own possession on the payment of what the proprietors had advanced. The States did this on the 10th April, 1817, at an expense of £5,000." (See p. 16.) [2] We have been unsuccessful in our efforts to obtain Part II. either in Guernsey or in London, and wonder whether it was ever published. [3] Daniel de Lisle Brock was Bailiff from 24th May, 1821, to 12th January, 1843. CHAPTER IV THE UTILITY OF THE NOTES There is abundant evidence throughout the records that the system was appreciated. Jacob's _Annals_ (1830), in a chapter on Currency, mentions the Notes incidentally. "All these, with the one pound Guernsey States' Notes, are in much request, being very commodious for the internal affairs of the island." The Bailiff, Daniel de Lisle Brock, who seems undoubtedly to have been the inspiring genius of the scheme, says in his _Billet d'Etat_, 15th November, 1827--