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Note to p.21.
(a)The Each Stockholder (it may be objected) ought to
know on what precise day his will money will
be returned into his hands: and he ought to know
it before a twelvemonth before-hand, that he
may have that time to form his plans for the
employment of it. This was the time allowed
by the first great Consolidation Act +in which the put together the first elements of the great proof of 3 consolidated 3 per Cent Annuities a precedent which has been instituted pursued
in the several Acts by which additions have
been made to that mass.
In answer it may be observed - this long
is only by chance (it should seem) that an interval
thus long happened to be pitched upon in that instance,
and because no particular advantage happened to
present itself as desirable from a shorter term, or
leaving in uncertainty the particular day of
payment with reference to each parcel of Stock.
In a more recent instance, half that length of
notice, six months only, was employed.
Whether the legislation fixation of the precise day that
with reference to each parcel of Stock separately considered
as been considered by the legislature as
either par a matter of importance or even practicable
may be matter of doubt. Grounds for doubting are afforded by the great transaction in the instance of the grand increase
of Mr Pelham for the reduction of the and rate
of interest. + +That a general notice of the intention, in contradistinction to a particular notice for the very day was all that was meant by the legislature may be inferred with some degree of insurance from the practice in Mr Pelham's case. The Fifty seven millions worth and upwards
was the mass of capital in respect relation to of
which notice was given on that occasion, that unless in
the
Identifier: | JB/002/066/001 "JB/" can not be assigned to a declared number type with value 2.
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23a |
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002 |
Annuity Notes |
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066 |
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001 |
Note to p. 21 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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D1 / F22 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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805 |
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