------
L150

The States should grant for 10 years after the
first year 300
------
This would give an income of L450

This sum would be spent each year in paying off and cancelling as many
Notes.

"Thus, at the end of ten years, all the Notes would be cancelled and the
States would be in possession of an income of L150 per annum, which
would be a return for the L3,000 spent by them.

"Looked at from all sides the scheme shows nothing but the greatest
advantage for the public and for the States. It should please those who
have at heart the diminution of the debt, since the States in addition
to the L1,000 set aside for this purpose, take a further L300 out of
their treasury in order to increase their income (_en prenant 300l. de
plus sur leurs epargnes pour accroitre leur revenu_)."

Thus it appears that the money for building the Meat Market, still
standing, was raised without a loan, the States paying off the Notes at
the rate of L450 a year as the duty on spirits and the rents came in.
The Market is described in Jacob's _Annals of the British Norman Isles_,
Part I., published in 1830, as a handsome new building, "one of the most
convenient, both for the buyers and sellers, that can be found in any
part of the world." "For the mode of raising the funds for its erection
and support (well worth the attention of all corporate bodies)" we are
referred to an Appendix IV. which was to appear at the end of Part II.,
to be published in December, 1831.[2]

Diligent search in contemporary records showed no trace of the elaborate
ceremony described in the tradition current among enthusiasts, though
the _Mercury_ of the 5th October, 1822, announced in its advertisement
column that the opening would take place on Saturday, 12th October,
1822.

The following week the _Mercury_ chronicles the handing over by the
Committee of the keys of the new Market to the butchers. "A large crowd
gathered in the square, of whom only a few succeeded in entering the
enclosure. A speech was made by one of the Committee, to which one of
the butchers made a reply. The band of the East Regiment took part and
the church bells rang till five in the evening."

The next issue of Notes seems to have been to pay off the floating debt.
On 14th June