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- Bills in a Set
- Bills were issued in a Set of Exchange
(three, or at least two) and each part of the set
- was numbered. When one part was paid,
the other parts became void.
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- When the mail was carried by sailing vessels,
delays were frequent, so the bills of exchange were conveyed
on different ships. The Second of Exchange although sailing two
weeks later then the First of Exchange was sent, might reach
its destination at an earlier date then the other.
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- A Second of Exchange Dated Sept 5th 1869
for £150 Sterling payable to Messrs. Cort & Co. Craig
Court, London at the Bank of British North America and signed
by T.W.S. Miles Capt 13th Hussars.
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- The value of the note is for $730. (see
currency conversion table) It was properly taxed .08 cents
on each part when the note was more than two parts.
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