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JB/001/071/001

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1
Annuity Notes
Ch Miscell Effects
continued

Ch. Miscellaneous Effects continued

Period III
Period III. From the conversion of the last portion
of Stock into Note Annuities to the reduction of the completion of the
rate of Interest on the same the whole amount of Note Annuities.
to the conversion of the last portion of Old Note Annuities
into New Annuities at a reduced rate of interest.

1 The steadiness converging which the consituted the</del>
distinguishing characteristic of the Ann

1. The converging and hitherto unexampled
steadiness of price

1
Note - new the
only Annuities
will deviate little
from par in their
price

1. During the second period we have
among the effects a an official result we have seen resulting from the
plan in question emission of the proposed Annuity Note paper is
that of affording being an instrument of steadiness not only to itself not
only in regards to its own price marketable rates but also
to that of the mass of Stock Annuities, so
long as any part of that mass remained
unchanged. This same property will accompany
the Annuity Note paper, and in to a certain degree, but not to an altogether equal degree,
to during this third stage of its existence. It can never
rise above par in to any degree worth considering, to any amount worth regarding,
the probability period of its being paid off at that rate
being so full in view: and for the same reason,
neither can it fall below that price. that the only one, neither could (a)
(a) Note about the
price of 4 & 5 per
Cent.




Identifier: | JB/001/071/001
"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

071

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

71

Box Contents

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