JB/002/043/001

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Annuity Notes

Abstract

The main principle of the plan proposed measure consists in the opening
the market for Government Annuities, on terms
of advantage to Government, viz: at an inferior a reduced rate
of interest, to a mass of money, which though divided
into small sums may in the aggregate prove considerable;
and which, by the concurrence of divers circumstances incumbrances (such
as danger of fall of prices depretiation, trouble and expence
that by reason of stamp-duties, agency and brokerage
fees, and want of local offices at hand hang
heavy on the operation of purchase, receipt of dividends
and sale) is either excluded from the faculty
of yielding affording interest to the owners altogether, or
in the hands of Bankers or others, or at the from Bankers obliged to take up with a rate of interest inferior,
all things considered, to that which with a very
considerable degree of profit might be allowed by Government.

The result and benefit of the measure, if supposingit
taking it on the smallest confined to a small scale will (besides the above
advantage profit to Government, by the difference between 3
per Cent the rate proposed to be allowed on these circulating
Annuities and the rate corresponding to
the current price of Stock Annuities) consist in the
affording to the least opulent and most-numerous
classes of individuals (Friendly Societies included)
in a word to the great bulk of the community, the means
of placing out small hoards however minute with a
degree of advantage, (profit, security, and convenience
in respect of purchase, receipt and transfer taken together) unattainable
by any other means: and this too at compound
interest

Identifier: | JB/002/043/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-07-28	Marginal Summary Numbering	1
Box	002	Main Headings	annuity notes
Folio number	043	Info in main headings field	introduction
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	782
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