The British debt began in the time of Sir Robert Walpole, on issues of exchequer bills--by which system the British nation has been cheated, and plunged irretrievably in debt to the amount of nine hundred millions of pounds.
They take Cognisance of fraudulent Endorsements of Exchequer Bills.
Peel wrote to him a letter of which the following is a part: 'We have been placed in a very unpleasant predicament on the other question--the issue of Exchequer Bills by Government.
Exchequer bills, he, for the most part, cannot pay No.
The feeling of the City, of many of our friends, of some of the Opposition, was decidedly in favour of the issue of Exchequer Bills to relieve the merchants and manufacturers.
Call it assignats, mandats, exchequer bills, or bank notes, it is still the same.
The same forces which had been at work to produce the necessary issue of Exchequer bills in 1793 had continued; the balance of trade had been constantly against the country.
These are what are known now as Exchequer bills, and form a floating debt due by Government.
This sum the Government proposed should be advanced by an issue of Exchequer bills, to be repaid gradually by a general land tax.
On the 12th of January there is an entry stating "the Government will lend the merchants five millions of Exchequer Bills, and the Bank directors have agreed to advance the money.
Subsequently, the law was altered, by which the money might be invested in Bank Annuities or Exchequer bills.
Finally they agreed to meet at the Mansion House to discuss the issue of Exchequer Bills.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "exchequer bills" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
