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Manuscript volume containing papers relating to the issue of Exchequer Bills during the reign of King William III in order to carry on the war with France (the War of the Grand Alliance), 1696-1697, notably a holograph memorandum by Charles Montagu, 1st Earl of Halifax, advocating steps to encourage subscriptions to Exchequer bills and steps to make the bills assignable, [1696]; a draft of letters patent of King William III concerning the payment of Dutch troops, written in Dutch, [1696]; a list of subscribers to the contract for exchanging bills, 4 May 1697; a copy of the sign manual warrant to the Treasury ordering payment to the trustees of the second contract for Exchequer bills of the interest on the subscription contracted, [1697]; a Statement of Exchequer bills from 27 Apr to 9 Jun, 11 Jun 1697; a tract [by William Paterson] headed 'A proposall for setling a transferrable fund of perpetual interest', which is possibly the first proposal for a funded debt.