Variable read error? Multiple spaces

[Siddhartha Shivshankar]

Hi. After I try to read the contents of a file containing    
multiple spaces into a bash variable, only one space is seen    

in the variable. Output similar to the following 2 space    
example is seen for 3 spaces as well.  Is this an error? If    
so, does anyone know a work-around?   
    
Thanks,    
-Siddhartha.    

---------- Output from bash follows -----------
$ cat>i.txt
Hello  world

$ export b=`cat i.txt`

$ echo $b
Hello world

$ export b=`<i.txt`

$ echo $b
Hello world

$ export b=$(cat i.txt)

$ echo $b
Hello world

$ export b=$(<i.txt)

$ echo $b
Hello world

$ cat i.txt
Hello  world



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