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JB/001/042/001

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5
Annuity Notes
Ch Grounds
Ch. Micell. Notes

1. It will supersede
Bank paper

To depend upon one hand for princ interest,
and upon another for principal with or without interest is not peculiar
to the proposed new paper, but is matter of
universal and inveterate experience. In the instance
of the existing Stock Annuities it is the interest
alone that is receivable from Government: he
who wants his principal must look to individuals
and sell send his Annuity at to market to be sold, for the market
price. In the case of Exchequer Bills - Navy
Bills &c principal as well as interest is indeed
undertaken for by Government - but this is for
a time not always liquidated, and in respect
of which when not liquidated, a man must
take his chance. If the wants principal be wanted
on any day antecedent to that time, it is to individuals
that a man must look to for it: he
to individuals he a man accordingly trusts does look for it, nor is he ever
disappointed.

In a few words the the difference on the point
in question between Bank paper and the proposed
Annuity Note paper consists lies in this. What
Bank paper promises without performing, Annuity
Note paper will perform without promising.




Identifier: | JB/001/042/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

not numbered

Box

001

Main Headings

annuity notes

Folio number

042

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f5

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

42

Box Contents

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