JB/001/006/001

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+ Notes 3o Notes 133
Abstract

Note (4)/ to p. 6. 129 Ch. War Loans

4
The 16 per Cent
may be attributed
to the Land Tax Sale
where: because though
there were other causes
of depression elevation to a
greater amount, yet
not equal to the intervening
cause of
depression consisting
of the Loan of 1799
(4) Notwithstanding the concurrence of other causes of
elevation, it may perhaps be not altogether unreasonable,
to attribute, to the influence of this single
cause, a rise to the assumed amount of 16 per Cent.
The money brought into the market by the purchase
of this £16,000,000 was (it is true) but - — £8,560,000

Within On the other hand, the money, brought
into market by the other great cause of elevation,
viz: the raising an a till-then - unprecedented portion of
the supplies within the year, at first by the
tripling of the assessed taxes, and afterwards by
the tax on income, reckoning it at £6,000000
a year for the 22 months between
323 of April of 1798 and the 23d of Feb.y 1800
(the day on which the expectation of the Sale of
the Land Tax is assumed as before to have
begun to operate) and the 23d of Feb.y 1800
(the day of settling the terms of the Loan) will the
be money (I say) thus brought into the
market by that other cause of elevation, will be } £11,000,000

But, in that interval a fresh cause of
depression had accrued:- viz: the Loan of
1799 — to the amount of - - - £18,500,000

If then we suppose the factitious elevative force of the above £11,000,000
to have been employd and expended, in conjunction
with the natural elevative force
(consisting I mean the increase of national capital
poured into the Stock market by the increasing
prosperity of country) in / counteracting
and ballancing the influence of the above fresh & factitious cause of depression,
the whole of the rise may not unaptly be
ascribed to the £8,960,000 in money poured
into the market, (and £16,000,000 Stock in consequence
taken out of it) by the Sale of the Land Tax for Stock End of Note (4) /

Identifier: | JB/001/006/001 "JB/" can not be assigned to a declared number type with value 1.
Date_1		Marginal Summary Numbering	4
Box	001	Main Headings	annuity notes
Folio number	006	Info in main headings field	notes
Image	001	Titles	note (4) to p. 129
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f133
Penner	jeremy bentham	Watermarks	m<…> 1798
Marginals	jeremy bentham	Paper Producer
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	6
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