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II B
7 Annuity Notes
Ch. 8 Advantages
Financial
Period II
6. Yearly interest
II
6. Profit (if taken) by difference between Yearly Half Yearly and
Half Yearly Yearly interest. This source branch of profit will
for the same reason be at its maximum at
the close of this same period. For the profit is
a rateable profit, so much a year per million of capital viz: £225:
and the quantity of Annuity Note paper being at
the time in question at its maximum, therefore so
will be the tot sum total of profit in this score.
Supposing At this time suppose the quantity
of redeemable Annuities to be reduced to four
hundred million: all of it now in the shape of
Note Annuities. £225 multiplied by 400 gives
for the total of annual profit on this score £90,000:
But from thenceforward, as the burthen of
debt is rendered lighter and lighter by
the operation of the several sinking funds, so of
course will the amount of this as well as of and every other
rateable alleviation of it that burthen be less and less considerable.
incorendum ?
15
15
150
75
225
400
90000