JB/002/057/001

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[14] [ ] Art. Art. 16 [14] [Least quantity]

An certain amount of Annuity Note paper might being
be fixed, less than which should not be taken out
at a time: Not less for instance, than the amount of the quarter note (the £3.4s Note) or the half quarter (the £1:12 Note). A note Notes under this amount would not
consequently not be to be d capable of being taken
out singly but only as one in a parcel with other
notes of the same or different magnitudes. So also
perhaps in regard to the carrying in Notes to the Local
office to be set sent up to the General Office to be returned
from thence with the interest: as likewise in with
regard to the changing large for small notes or vice
versa, or injured notes for fresh ones. But instead
of a prohibition, as above, the same end might be answered
perhaps more advantageously, in some at least of the above instances, by a small fee,
acting as a penalty
to the amount of it,
as by the next Article.

By this means means the offices would be
kept clear of the most troublesome, as well as
numerous class of customers. Silver notes, for
example, could without care be taken out - not
singly by Journeymen Manufacturers, but in parcels,
by Masters, by whom at pay day, they would be distributed
among their Journeymen.

Interest by would, by this means, be capable of
being received at the Offices upon the notes (which, as above, is necessary
to their passing in change for large ones): though
what is probable is that it will scarce ever be demanded.
See on this head Ch. 5, Profit by interest undemanded.

What is the The least note that can be issued with profit will
be determined by the quantity of time, occupied in the operations necessary
to the issue of it. Possibly on this account, in
the Silver or at least on the Copper Notes, (if any)
the actual signature of the Local Office Keeper might be
dispensed with, and a stamp of some kind Officer at the time of issue
at his office or previously at the General Office, employ'd in it's stead.

In this power is included, that of suspending the issue of Notes of
any particular magnitude or magnitudes: by which means, in case of +

+ of an inordinate
demand for the proposed
paper (viz: such an one as shall threaten
to swell to a pernicious
magnitude the quantity of
it producing the effect of
money in the circulation)
a stop may be put, at any time, to the inconvenience. [See Ch. XIV. Rise of prices.]

Identifier: | JB/002/057/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	16
Box	002	Main Headings	annuity notes
Folio number	057	Info in main headings field	art. 16
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d2 / f13
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	796
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