An Example of Communal Currency: The facts about the Guernsey Market House — John Shaqi
An Example of Communal Currency: The facts about the Guernsey Market HouseHarris, Joseph Theodore
History
An Example of Communal Currency: The facts about the Guernsey Market House
Harris, Joseph Theodore
Finance -- Guernsey; Paper money -- Guernsey
"The advantage resulting from all these improvements has not been
confined to their utility, or to the increased activity given to
industry, and the circulation of money by the public expenditure: they
have excited in all classes a similar spirit of improvement, which
displays itself in the embellishment of the premises already built upon,
and above all in the number of handsome dwellings since erected. In the
Town parish alone 401 houses have been built since the year 1819 at an
expense of upwards of £207,000, and few towns do now present a more
animated scenery around them, or one where ornament and comfort are more
generally united; the same comfort and improvement are witnessed in
every direction, and at the greatest distances from town. And thus it
is, that the public works have not only given life and activity to every
species of industry by the immediate effects of their utility, as for
example to the building of a number of mills in the Island, before
supplied with most of its flour from abroad, and now enabled to
manufacture it for exportation, but and still more by the consequent
impulse communicated on all sides, prompting the wealthy to lay out for
private mansions greater sums than were expended for public works and
creating a permanent source of employment, by the future expenses which
the repairs and occupations of those mansions will require.
"The extent of benefits conferred is sufficiently attested by the
concurrent testimony of inhabitants and strangers. The sole objects of
His Majesty and of His Most Honorable Privy Council are the public good
and general happiness; the States might therefore, confidently look for
indulgence, even if, in promoting those objects, they had fallen into
some little deviation from the strict letter of any particular Order.
But implicit obedience to the Royal Authority in Council being their
paramount duty, they cannot rest satisfied under the imputation of
having, even unintentionally, derogated from that duty.
"The words of the second Order in Council have already been cited. The
right of levying the duty on spirituous liquors is granted for ten
years: a condition is annexed purporting that the States shall not
exceed their annual income, and on the contrary that out of the produce
of the duty, one thousand pounds shall be applied annually to the
extinction of the debt; that condition is naturally in force for the
same period, and for the same period only, as the grant to which it is
annexed; it is necessarily so limited, because the means by which it is
to be fulfilled, the produce of the duty, ceases at the end of the ten
years for which the duty is granted.
"The States are bound to prove that they have complied with the
conditions of that Order; they did so comply, when wishing to erect a
new Market, they applied for and obtained the order of 10th October,
1820, which imposed on them, at their own request, the further
obligation of an annual payment of £450 for 10 years;
Public-domain text, read in full here on John Shaqi.
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