, 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 L1 destroyed.
22 March, 1826 L400
7 November, 1826 L420
1 March, 1827 L122
-----
L942

Total of Notes issued for the Market, L11,296
" " destroyed " " 3,626
-------
Leaving in circulation L7,670."

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 L5,000." (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--

"An individual with an income of L9,000, who spends only half of it
wishes to build a house at a cost of L13,000. He therefore makes an
arrangement with his timber merchant, his mason, his carpenter and
others to pay them out of his savings, so that they shall receive a part
each year for five years. Can it be said that he is con