JB/002/030/001

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Annuity Notes

Beginning

The object of the present Plan is — to extend
the market for Government Annuities, by opening
it to two classes — two very exclusive classes —
of customers, who (it will be seen) have hitherto
stood excluded from it — viz: the possessors
of small (though permanent) sums: of sums which though permanent are not large enough and the
possessors of temporary sums, more or less considerable to buy stock with; and the which if they were
permanent would be large enough to buy stock with. A conjunct, though secondary because
consequential object is the affording a new means
of accelerating the exhaustion of the National Debt. But
of this farther on, since it depends upon the profit
to be reaped by Government by opening the market for the
commodity in which it deals to two additional and prodigiously
extensive classes of customers, without which it will do upon its own terms.

The result will be that interest and profit
will be made, in the shape of interest, on a
mass of money which, although the exact amount
of it will may not be within the reach of
calculation will be seen to be a vast and
continually encreasing one: a profit which
in the instance of this as of other free and
fair contracts will fall come to be shared between
the two contracting parties: viz: the individual
purchaser of such the proposed easily transferable annuities, by
the opportunity afforded to him of making
some interest of money of which at present
he can make none — and Government, the
grantor and vendor of these annuities, by in
respect of the advantage of obtaining ready money at a less
rate of interest than what it pays allows on the in respect of
money raised which it raises by the creation of stock, and
thereby as far as the powers of this resource extend

Identifier: | JB/002/030/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	1-2
Box	002	Main Headings	annuity notes
Folio number	030	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d1
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	769
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