d in default of one or other of these gentlemen through
absence or illness, the States authorise the remainder of the three, the
Finance Committee and M. le Superviseur to choose conjointly another
reputable person for the signature of the said Notes. Which said Finance
Committee Supervisor and those authorised to sign are charged and
requested to watch over and be present at (_veiller et assister a_) the
destruction of the said Notes at the times fixed for their repayment."

Extra precautions seem to have been taken 28th June, 1826, when another
issue, not exceeding L2,000 worth of L5 Notes was authorised. For we
find that "The States appoint Josias le Marchant, Pierre le Cocq,
Jurats, and the Rev. Thomas Grut, a Special Committee, whose duty it is
to see to the liquidation of all the anticipations at the times fixed by
the States, and where these anticipations consist in Notes of one or
five pounds to see to the destruction of the very Notes or of earlier
Notes to the same amount. Which Committee is commanded to make a report
to the States at least once each year certifying the liquidation and
destruction of the said anticipations and of the said Notes."

Further care is shown by the fact that on 26th March, 1828, the States
appointed the Finance Committee "to replace the used and worn-out Notes
by new Notes, payable at the same time as the destroyed notes would
have been." Testimony is borne by this wear and tear to the extent to
which the Notes circulated.

Plans for the improvements in Rue de la Fontaine, a street adjoining the
Markets, being adopted on 15th November, 1827, an issue of L1 Notes up
to L11,000 was authorised to be cancelled by the proceeds of rents.

In 1828 and 1829 issues of Notes were authorised for various purposes,
including L8,500 for the College and L11,000 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, L1,000 was voted for cholera precautions, to be
raised either at 3 per cent. interest or in L1 Notes. The latter course
seems to have been adopted.

From the foregoing it will be noticed that during the 20 years over
L80,000 worth of Notes were authorised by the States to be issued. These
were mostly of the value of L1, though some L5 Notes were authorised.

In 1837 there were still in circulation 55,000