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
"Devoted to the good of His Majesty's service, and not resting on
isolated facts, the States have laid open the whole of their conduct and
views, and beg leave to refer to their worthy and highly respected
Lieutenant-Governor Major General Ross for the correctness of their
statement, and for the situation of the Island. They have the approval
of their fellow-subjects and of their conscience, but they would feel
deeply humiliated if they did not merit and obtain the commendation of
your Lordships."
The Reply is accompanied by five appendices giving detailed figures to
substantiate the argument and point out errors in the figures of the
complainants. It is not necessary to weary the reader with these.
Appendix I., however, is interesting, as it shows that more than half
the Debt of the States consisted of these Notes on which no Interest was
paid.
"APPENDIX I.
Debt of the States:--
To the Savings Bank at 3 per cent. first vote £10,000
To individuals 557
-------
At 3 per cent. interest £10,557
In Notes of 20s. each 14,443
135 Quarters 2 Bushels 8 Denerels, and 18
sous 8 Deniers Rents equal to 2,740
-------
£27,740
Deduct from this the balance still due by the
Market, and carried to the joint account of
the Market and Fountain Street 6,100
-------
£21,640[5]"
The scope of the remaining Appendices is shown by their titles:--
Appendix II.: Plan of Finance adopted by the States and to be pursued
during the fifteen years from this date, ending in 1844 inclusive.
Appendix III.: Remarks on the Statement of account making part of the
complaint presented against the States.
Appendix IV.: Joint account of Fountain Street and the Market.
Appendix V.: Amount of the Produce on the Duty of 1s. per Gal. on all
spirits consumed in the Island of Guernsey, and the manner in which it
has been expended during the Ten years for which the said Duty was
granted, beginning September 1st, 1819. In obedience to Order of H.M. in
Council of June, 1819.
This reply was very favourably received by the States at their Meeting
23rd December 1829 and adopted almost unanimously. One of the Rectors
spoke of it as "most judicious and consolatory, especially considering
that room had been given for the exercise of opposite feelings."
Public-domain text, read in full here on John Shaqi.
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