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Proposed Banking Stock Privileges and Public Funding Terms
The text outlines parliamentary proposals involving redeemable funds from the Regier N&XVII, likely dated June 724, to use revenue for bank debt discharge. It discusses applying surplus from the Banking Funds to redeem 5 percent funds, circulating exchequer bills at favorable rates for up to four years, and granting Governor and Company tax and transfer exemptions plus expanded powers. It notes exemptions from stamp duties on transfers and stock additions, with details on costs and management allowances.