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JB/001/064/001

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1
Annuity Notes
Ch Miscell Effects
continued
Period II

Ch Miscellaneous Effects continued

Period II. From the arrival of Stocks at par
to the extinction of the last portion of Stock Annuities by
its conversion into Note Annuities:

1
The conversion
in question being
expected to be
indefinitely rapid
this period would
be proportionably
short

1. From the causes consideration causes that have
been mentioned the conversion of Stock Annuities
(i:e: of such as were not absolutely paid off)
into Note-Annuities [the transformation of the
mass of Government Annuities from the form of
Stock Annuities into that of Note Annuities -]
appears likely will to all appearance to be so rapid, that it is with
difficulty that the mind can being itself to
assign to the period in question a duration of
sufficient length to give both to a set of distinct
effects of stock of things permanent enough to
assume any determinate shape

2
Stocks at par
the addition to
the quantum of
currency in circulation
would cease

2. As So soon as the price of 3 per
Cent Stock Annuities has risen to par, the addition
made to the quantity of currency actually in circulation
will cease. Of the whole quantity of
Annuity Note paper issued there is certainly no
Note that taken singly will not be as susceptible of being kept
or put into circulation as any other. But inasmuch
as Note Annuities will now be purchased
for the same purposes as Stock Annuities are, and
inasmuch as they can not continue to be applied
to these purposes except in as far as they are each Note is kept in
the same hand continually, and thus kept out of the circulation,
and as in Ireland
Irish Debentures are
at present




Identifier: | JB/001/064/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

1-2

Box

001

Main Headings

annuity notes

Folio number

064

Info in main headings field

Image

001

Titles

ch. / miscellaneous effects continued

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f1

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

64

Box Contents

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