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Early Paper Money of America / Maryland / 1733

£90,000 in indented legal tender Bills authorized at the session begun Mar. 13, 1732/33 primarily for the creation of a Loan Office, which was to operate until Sept. 29, 1764. The Commissioners of the Loan Office were to purchase Bank of England stock out of a sinking fund arising from interest and principal payments. By Sept. 29, 1748 the sum of £30,000 in bills was to be retired from the sale of stock and the balance of bills was to be replaced with an emission marked “New Bill.” To prevent poor tobacco from depressing the market, 30s in bills was to be paid to each taxable person for a required burning of 150 pounds of tobacco in both 1734 and 1735. The plates were printed in England and the bills were printed on fine laid paper watermarked MARYLAND. Five bills of the same denomination were printed on one sheet, the bills being distinguished by one to five stars placed after the denomination in the lower left corner and having blank backs. Maryland money of account was 25% below Sterling exchange. Handwritten dates. Signers were Richard Francis and Charles Hamond.

1s [60,000] ▷RM◁
1s6d [60,000] ▷RM◁
2s6d [40,000] ▷RM◁
5s [40,0001 ▷RM◁
10s [30,000] ▷RM◁, ▷CF◁
15s [30,000] ▷RM◁
20s [30,000] ▷RM◁, ▷CF◁  
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