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14 Aug 1800 + Art. 20
3
The idea of the lots masses to be determined, before Lottery
when the time comes, by a Lottery.] But in
the Mean time, to afford by way of encouragement
to Stockholders to expedite the measure
by their concurrence, Books to be opened in
which each man individual may subscribe his consent
to take Annuity Notes for his Stock at the
same price, those who the lot which is first filled
to be the last paid off; and so on in the order
of the lots: + + The amounts of Stock thus subscribed to be made up into masses as above of a equal size determinate size, as above: and the operation of the lottery to take place be confined
to such parcels of Stock as shall have remained unsubscribed.
By taking £100 worth of Annuity Note paper
in in lieu of £100 Stock Annuities a man
will lose it is true the fractional interest viz: 7-1/2 11s,
a year being the difference between £3 exactly and the £2:19: 3/4 which is the sum of the
the of daily interests, computing interest by the day
instead of the year given instead of it. But, for
this slender sacrifice in the score of interest, amounting answering
to no more than £1 or 1-1/2 £1:13:4 in on the principal, besides
the many advantages which the transferable portable
security has over the unmoveable one, and which
are supposed to be more than equivalent to the above
£1 12/3 per Cent, a Subscriber, especially an early subscriber, will derive a present
and palpable advantage to a much more
considerable amount.
Identifier: | JB/002/070/001 "JB/" can not be assigned to a declared number type with value 2.
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1800-08-14 |
19-20 |
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002 |
Annuity Notes |
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070 |
Art. 20 |
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001 |
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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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E3 / F26 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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809 |
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