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Note
This supposed branch of supposed profit (it
may be objected) is ideal, or rather so much
less; since the same profit would have been
made by the existing Sinking Funds, and this
profit being at the end of the period in question
the Commissioners of these Funds will have to pay
so much the dearer for every million of capital
they redeem.
The answer is - No: the make the most
of the system the existence of the assumed note and
mass of profit is neat profit as and the existence of it indisputable.
If at a time practically speaking
the sum you sell for a million the very selfsame article
you buy purchase for £850,000, (£30,000 a year perpetual Annuity) the
propriety of setting down to the account of profit
the £150,000 difference is altogether beyond
. Such is the money gained: even the
amount of it afterwards thrown thrown into the sea, the
profit in the mean time would not be the less
real. It is not thrown into the sea, but employed
in buying in a correspondent portion of
the National Debt: — why? — because this,
according to a judgment pronounced by Parliament
approved by the Nation, and confirmed by 14 years
experience is the most advantageous of all applications
that could be made of it. The first monies
applied to this purpose, this first money,
from whatever source obtained, taken away no doubt of it, according to those amounts take away all profit
from
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Identifier: | JB/002/165/001 "JB/" can not be assigned to a declared number type with value 2.
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4a |
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002 |
Annuity Notes |
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165 |
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001 |
Note |
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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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F6 |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1798 |
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904 |
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