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13 Aug, 1800 + Art. 20
2 Annuity Notes
Abstract
Conversion
18 continued
Mode of conversion
proposed
An other The customary provision is being — that payments
for the purpose of redemption payments
shall not be made in masses of less than
₤500,000.
Suppose therefore the course taken in respect to
the time and mode of redemption as between the
several of Stock Annuities, in
respect to the length of notice to be given if
the intention of making such redemption, to
be as follows — viz
Notice to be given in the usual form, on
the day immediately preceeding a day the next day but one of half yearly
payment, or on any d earlierpreceedingprior day subsequent
to the then last day of half yearly payment,
such notice to be expressive of a general intention
in the point of Parliament to pay off, from and
and after the day mentioned in such notice
to pay off the then remaining mass of Stock
Annuities, in lots masses of not less than the above stipulated
magnitude of ₤400,000, as fast as the sums ofmoneys
for the making of such payments shall respectively
be completed:. the order in which the masses shall
the way shall be paid off to be determined by a letter, unless changed in the way next mentioned. (a)
By the publication of the progress of the
in the Newspapers it will be known all over the Kingdom, day after by day, what
sum is in hand applicable to this purpose. The
lots masses being marked in numerical order for this purpose,
each Stockholder will see from day by
day whether the mass his portion of Stock belongs to is ripe for payment,
or if not how soon it is in a way to likely to become so
be so.
Lots of 400,000
The lots of the
of the more Year
to follow one another
Such to be borne
by a
Annuity Note
money
to be in
Rate
of
to be published
Objection - 900
different values of
a 12.16 besides
the daily Augmentation
Answer — the embarrassment
to Government:
same Governmt would
to pay but are valuable
Among
than when it was
thought worth while
to make the difference
the difference would
pay for the embarrassment:
where not, it
would not be paid
or demanded.