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JB/001/004/001

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28 Sept 1800 + 3 131

Abstract
Ch.
War Loan

II I Profit in the same score Type larger by Sale of Land Tax for Stock -
Transpose 1. £30,000 a year of the Land Tax produced in
more
2. Stock bought in by £30,000 a year of the
Land Tax (£16,000,000 ÷ 15) . . . . £1,066,666
66666) 1,000,000(15
66666
333340
333330
......
10

2 Rise thereby produced one 1 percent and 1/15 a fraction
which must be thrown out, being less than ⅛ (the least variation noticed in the
Stock market) say therefore - - - 1 per Cent

3. One per Cent on the amount of the Loan
(£20,500,000) as before makes profit, in respect
of the terms of the Loan, by Sale of Land Tax - £205,000
(8) (8) Note (8) in p. 136

9
Reason of the difference

Profit by Sale of Land Tax - - - - £410,000
Superiority - - - - £205,000
In this low state of the Stocks the profit on this score, by sale of by the Annuity
into paper would thus have been double the
profit on the same score by sale of the Land Tax.
The reason is that the Annuity Note sells the there New
Annuities at the highe price at which the nature
of the case ad (as we have seen) admitts of its being
sold: while the Old Annuities, at which brought in with the money so
raised, are bought in with an at the low price of
the time: whereas in the case of the Land Tax, the
correspondent portion, of the Annuity produced by annual produce of that
tax, sold at could not be sold but at nearly the same low price, at which the
Stock is was to be bought. (6)
(6) Note
Except the 10 per
Cent profit taken
which corresponds with
the profit on Sal

Ch. XI. Advantage




Identifier: | JB/001/004/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

1800-09-28

Marginal Summary Numbering

9

Box

001

Main Headings

annuity notes

Folio number

004

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f131

Penner

jeremy bentham

Watermarks

m<…> 1798

Marginals

jeremy bentham

Paper Producer

Corrections

jeremy bentham

Paper Produced in Year

1798

Notes public

ID Number

4

Box Contents

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