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JB/001/074/001

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4
Annuity Notes
Ch Miscell Effects
continued -

Period III
6
The Annuitants
forced out of the
First Issue will
almost all buy
in to the Second
as they will find
the rate of interest
from all other
sources prospectiveaibly
reduced -

3 6. It might seem that The proportion of money caught by the New
Annuity Note market of the money turned out of the old
will be the larger, the more rapid the course of which the operation
takes. because the more rapid the course of the
operation is — in other words the greater quantity
there is at a time of money, which having been placed
out at interest is now returned upon the hands of the
owner without interest, the more greater the difficulty will each
such parcel of money experience in its endeavours
to find employment an employment a place in which it can obtain
interest upon terms of equal commission and advantage
in the other markets.

4.7. It seems however scarcely to be apprehended that
any part of the money which is thus driven forced out of
the Old Annuities will be kept out of the New Annuities
a single day. For although the proprietor
should immediately put himself upon the lookout
for a more advantageous market elsewhere, yet
as no such market will present itself will if at
all for some days at least, not to speak of weeks
or months he will perceive that in the mean time
and while his enquiry is going on, it would be an
evident every day a during which he forebore to make the
temporary reinvestment in question would be attended
with so much loss. would be attended with a days
interest sacrificed to no purpose.
7 Add
The persons thus
forced out by this fresh
Sinking Fund will not
be able to buy into the
First issue as they will
find no better.




Identifier: | JB/001/074/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

6-7

Box

001

Main Headings

annuity notes

Folio number

074

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f4

Penner

jeremy bentham

Watermarks

1798 a<…>

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

74

Box Contents

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