THE COMMUNAL CURRENCY OF GUERNSEY . [To the Editor of
the SPECTATOR.] Sin,—Your correspondent, Mr. G. Wright, should have Carried the tale of the Guernsey Note issue further. There was, later, much difficulty in keeping a note issue of about £40,000 in circulation. When the harbour was built at a cost of over a quarter of a million, the money was raised in the ordinary manner by loan. To have raised it by an issue of notes would have been outside the possibility of putting such an amount into circulation. That loan has been redeemed by sheer care and thrift, qualities in which the Guernsey people excel and which we, might. well imitate ourselves in public finance. We already have a non-interest-bearing note isitie in Treasury Notes, and could create no more.-7-1 am, Sir, &e., C J., ANDERSON, Mount Cleves, Nitou-Utidereliffe, Irk of Wight. •
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