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JB/001/079/001

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May 1800
Annuity Notes
Ch. Effects
Period III

1
From the commencement
of this period the purport
of the dispute
will
classes of
will bear each
a different price

Should the expedient proposed for accelerating
the conversion be and redu and reduction be ad viz: that
of subscription by classes, the different classes will bear
each of them a premium to a different amount
the difference as between class and class being higher greater in proportion as to the rank of the class stands
higher on the scale.

2
The higher, the
higher the class

This premium in the instance of each class will be the present value of
one Annuity to the amount of the difference between the
higher mass of interest upon the reduced and that upon
the unreduced rate, to continue for the number of years
or months &c which appears likely to elapse before
the paper of that class will come to be paid off.

3
All the as
Period III approaches

This premium will consequently be at the
highest upon the opening of the fresh issue, and
as that issue approaches to a termination, and thence
the reduction approaches, will of course be less and
less: but the worst that can happen to the Noteholders
is that the premium should disappear altogether,
and that each man should receive for his Note
no more than he paid for it.




Identifier: | JB/001/079/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

1800-05

Marginal Summary Numbering

1-3

Box

001

Main Headings

annuity notes

Folio number

079

Info in main headings field

Image

001

Titles

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

79

Box Contents

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