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13 Aug. 1800
On the occasion of such acts of ord forced redemption, two stipulations have been usually
provisions, [apparently in form intended for the benefit
of the stock holder] have customarily been inserted
in the Acts creative of the several masses of
Stock Annuities.
One is — that the payments masses redeemed made on those occasions
shall be in sums not less than £500,000
in some instances £1,000,000 at a time: (so that each man's portion
the portion of cash
nonexistent may thus come to be paid off in fractions, by
different fractions paid off at different times, yet
those fractions shall not be so as to
render the operation too complicated and troublesome.]
Another is, that a considerable notice length
of notice shall be given before hand of the time
and on which such payment and redemption shall
be made: in the instance of the 3 per Cent
branches (which compose the great mas
bulk of the National Debt) not less than a twelve-month:
+ + 24 E 3.c.27 3g 460 .9.c.32 in that instance not less than six million |||| 3 6.3.c.y.
To comply with these stipulations provisions conditions, as far
as it appears either practicable, or natural, or consistent
with the practice and intention of the legislature, that they shall be computed with) suppose
the course taken in regard to the redemption of
the Stock Annuities with a view to their proposed conversion
into Note Annuities, to be as follows, viz.
Identifier: | JB/002/064/001 "JB/" can not be assigned to a declared number type with value 2.
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1800-08-13 |
18 continued |
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002 |
annuity notes |
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064 |
art. 20 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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803 |
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