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JB/001/062/001

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24
Annuity Notes
Ch. Miscell. Effects

whereas at compound interest the same effect is
produced in less than 24 years.

20
20 In value
of the clear addition
that will
be

20. of
Interest on Exchequer
Bills
&c will be reduced
from the
first, in view
of the clear addition
that will
be made to the
quantum of
money, from
the first.

23. As to Exchequer Bills, and the other floating Government
securities so often mentioned, it might seem
at first sight that the rate of interest would be
subject to the same system of contingent variation
as is above stated with reference to money but
in private personal security: and that accordingly
if the exit of the Bank and Bankers paper
but more particularly in this case the Bank of
England paper were to be exactly of a pair
with the influx of the Annuity Note currency,
there would be no change: if the exit of the Bank
of England perforce were to be sudden, and get the start
of the above influx so as to leave a temporary void
the difficulty of finding money went for the purposes
in question would be enhanced, and the rate
of interest made in this and consequent loss to Government, proportionally
increased: and that is not till after
the commencement of the clear addition above spoken

Note

of (as being made to the total mass of currency
by the influx excess of Annuity note paper over and above
the efflux of Bank & Banker's paper) that
the rate of interest on these floating Government securities
would begin to be reduced. . But upon further consideration
reflection the greater probability seems to be, that the reduction
of the rate will in this class of instances be immediate, increasing
and unabated notwithstanding the causes of scarcity,
(and thence of the rise of the rate of interest above
permitts as ) above exhibited above. In the




Identifier: | JB/001/062/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

20

Box

001

Main Headings

annuity notes

Folio number

062

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f24

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

62

Box Contents

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