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JB/001/038/001

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1
Annuity Notes

§. Miscellaneous Effects of the Annuity
Note Paper at different periods of its existence. Ch. Miscell. Effects
Period I

The effects of this paper in the course of the
first period may be stated as follows —
1. In proportion as it extends - as the omission
of it increases - it will expell Bank of England
and Country Bankers' paper.
1
1 It will supersede
Bank paper.

Ignorance, inattention and indolence apart
(for all which causes put together great allowance
ought always to be made) it is not in human
nature that Bank paper should be accepted when
Annuity Note paper is to be had.

It possesses — and in equal degree (subject
to the very slight exception which will be mentioned)
all the advantages which Bank of England paper
possesses in comparison with hard cash, and which
cause it for all payments transactions of a certain
magnitude to be employd in preference to hard
cash - 1. It is more portable than hard cash: it Bank paper
is more easily secured against depredation than hard
cash: 2 it is more portable: 3 it is transportable to distant
parts of the country at less expence and with less risk.
4. It is upon the whole To the holder at least, it
is more secure against loss by forgery. falsification. 5. It saves the
greatest part of the time requisite for the minting of hard
cash: it saves in a manner the whole of the time requisite
for the examination of hard cash, with a view to its
gre weight and goodness.




Identifier: | JB/001/038/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

1

Box

001

Main Headings

annuity notes

Folio number

038

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f1

Penner

jeremy bentham

Watermarks

[[watermarks::i taylor [top part of date only]]]

Marginals

jeremy bentham

Paper Producer

evan nepean

Corrections

Paper Produced in Year

Notes public

ID Number

38

Box Contents

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