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JB/001/086/001

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8
5
Ch. Effects
Period III

11
It will not be
ever raised on
money borrowed by
Government

But after the establishment of the proposed plan Annuity
Note paper, the rate of interest for on money borrowed
by government need not be suffered to receive, nor therefore, it
is to be presumed will ever be suffered to encrease rise.

Adjust this by
Ch. Adv. Finance.
Future Supplies.

The quantity of Annuity Note paper capable of
being offered and likely to be issued taken out in the way of issue, has it has
been shewn no natural limit. By a fundamental
law of the proposed measure, it receives a fictitious limit,
by being restricted to the quantity proportioned to the
quantity remaining of Gov Stock Annuities, or of
Note Annuities of a preceding issue. But to towards this
limit it will always be upon the advance, untill
it reaches it: and so long as it is upon the advance
it will by the produce of it buy up within a short
compass of time buy up in less than a year
whatever Stock may have been created for the pur
in return for money borrowed by government for the
maintenance of a war in the compass of a year.
All that it will do will be to retard more or less pro tanti
the progress of the redemption of the paper of the
preceding emission of which the issue has been closed.

12
Under the Income-Tax
especially,
the annual extra demand
for money for war
purposes can
never be equal
to the demand amount for
Government Annuities
for the purpose
of and
taken together

Under the influence of the Income Tax the quantity of money
which there is now annually at the commencement of each Year occasion to raise is not
equal to half the amount of that part of the national
saving of the preceding Year which would be
ready to be given for the purchase of an additional mass of Government
Annuities existing at present: much less will it at any
such future period, when the in virtue of the operation of the proposed




Identifier: | JB/001/086/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

11-12

Box

001

Main Headings

annuity notes

Folio number

086

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

e5 / f8

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

86

Box Contents

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