http://alt-usage-english.org/excerpts/fxshall...http://en.wikipedia.org/wiki/Shall_and_willIn traditional British English, the forms 'shall' and 'should' were used as the first-person forms of the verb 'will' to express a future or conditional meaning, a simple prediction with no emotional involvement.
I shall (see him tomorrow. I expect it to happen.)
you will
he, she, it will
we shallyou will
they will
I thought
I should (see him the next day. I expected it to happen.)
you would
he, she, it would
we shouldyou would
they would
I should (like to see him. It would make me happy.)
you would
he, she, it would
we shouldyou would
they would
The forms 'will' and 'would' were used as the first-person forms of the verb 'shall,' to express an intention or strong determination. This is the same 'shall' as that used in legal language, to express a command or strong obligation.
I will (go tomorrow! I'm determined!)
you shall
he, she, it shall
we will
you shall
they shall
I vowed
I would (fight to the end! No one could stop me!)
you should
he, she, it should
we wouldyou should
they should
This whole half-and-half system was obviously very confusing, which helps explain why hardly anyone still uses it, except perhaps for a very few conservative traditionalist Britons. Nowadays the vast majority of English speakers use 'will' for all persons in the future and conditional, and 'shall' for all persons to express strong intention or obligation.
'Much obliged' is also rather old-fashioned and quaint-sounding, if not quite as completely out of date. Today, most people would write 'I would appreciate it very much if you ...'
So in my opinion, you should not have to learn an antiquated sentence like that at all. Your textbook doesn't seem to be a very current one.