21. In 1780, the new state had issued bills of exchange backed by the Lord Proprietor's confiscated property. 22. Bills of exchange also fall within the definition of book debts, but a bank balance does not.23. If the Assembly were to return the land to Harford, the bills of exchange could not be redeemed. 24. Following the lowest-risk investments are short-dated bills of exchange from major blue-chip corporations with the highest credit ratings. 25. In this position he carried out several important law reforms in regard to bills of exchange and divorce. 26. Answer 1 : Holders of the companies'promissory notes ( PN ), bills of exchange ( BE ) and NCDs. 27. Foreign reserves include gold, foreign currencies and overseas assets, Thai government bonds, US treasuries and local bills of exchange . 28. Already in 1926 the company started to have problems; it was hit by recession and a bills of exchange . 29. The new avenues included investment in new financianl instruments, namely, promissory notes and bills of exchange , real property and joint-ventures. 30. As the credit system broke down, bills of exchange were rejected and almost all heavy gold was sent to Britain.
