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JB/001/088/001

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11 A Annuity Notes
Ch. 8.

Period II

1
State of the branches
of profit transition
from Period 1, during
this period.
II.

are now to the second of the above periods
being the period intervening between the day of
the arrival of 3 per Cent Stock Annuities at
par, and the day of the extinction of the last parcel
of the said Annuities, by its conversion into
Note Annuities.

In the . The branches of profit belonging to this
period will require to be distinguished in the first place into two
lots: 1. the profits transmitted to this period , from period the first, and those which <add>do not
make
their appearance till the
commencement of this second
period.

1. Profits transmitted for Period I.
1. Profit on Sale
ceases - but
subject to

1. During the whole of this period, the first head
of profit, viz. that which depends upon the difference
between the selling price of Note Annuities and
the buying price of Stock Annuities, i:e: upon the
event of Stock Annuities being below par, ceases
by the very terms of the supposition: at the same
time that, if however during the continuance of the period
any depression should be regarded as be capable
of taking place which depression could at the utmost
be but very inconsiderable and as it were momentary,
the whatever profit should correspond to
such small and momentary depression would of
course receive. Reference onwards.

2. Profit by interest
forborne

to which
of Annuity Note paper
together

2. The second branch of profit, viz: that which
regards the quantum of interest forborne to be claimed
would during the whole of this period be rather upon
the increase. The increase however would be
confined to such quantities of Annuity Note
paper as lay in the hands of those who hoard
it, keeping it as a source of permanent income
as Stock Annuities are kept at present: the forbearance
would consequently be but casual in point regard
of universality to the number or of persons so for individuals so forbearing, and in general of no long continuance in
regard to time.




Identifier: | JB/001/088/001
"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

088

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

e1 / f1

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

jeremy bentham

Paper Produced in Year

1798

Notes public

ID Number

88

Box Contents

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