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7 1a. Annuity Notes 44.

Ch . Miscell. Effects . Other part , but it is said in much larger
proportion bears an interest — the sort of interest
that has already been described — 2 — and Country Banker's paper. nominally in
some instances upon a par with that proposed
to be allowed in the proposed Government paper :
really in effect in all instances considerably less.

Two causes — either of them sufficient — will
conspire to the expulsion of this paper . In
the first plan nobody would issue it — in
the next plan nobody would take it .

Nobody Mr Banker would issue it although he
certain of its being taken . For by keeping the his
money in the form of Annuity Note paper he will
make 3 per Cent of it ; and by lending it out ,
after paying the interest he will have to pay for
it — supposing it to be but 2 1/2 , the laws against
money will not admitt of his making, so much as
he would make of it as above by keeping it.

No individual would accept of 2 1/4 , 2 1/2
or 2 3/4 per Cent of a private Banker , and in
the personal security of a private Banker ,, when from
Government and in Government security he could
get three per Cent and in the way of circulation , without the trouble of for the Banker's ship—.

Of calculation . He could not exempt a customer from the trouble of coming to his shop Thus much appear quite sufficient . Were it
worth while to look further it would be seen that a
private Banker were to seem to it even possible for him to offer higher interest ,
could never hope to draw off a nough customers from the
Government paper .. He could give no Talk to save the trouble of

Identifier: | JB/001/044/001
"JB/" can not be assigned to a declared number type with value 1.


Marginal Summary Numbering

not numbered



Main Headings

annuity notes

Folio number


Info in main headings field





text sheet

Number of Pages




Page Numbering



jeremy bentham


[[watermarks::[top half of i taylor]]]


jeremy bentham

Paper Producer

evan nepean


Paper Produced in Year

Notes public

ID Number


Box Contents

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