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JB/002/193/001

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Aug 1800 +B 9 95
15 Annuity Notes
Abstract

Advantages Financial
Period II
Profit 6. Management

9
Profit 6. expence
of Management
The whole expence
as now paid to the Board
will be saved by
the conversion be
saved of course.
Deduct from that
profit the expence
of the General Annuity 400 000
Stock Office

11. 6 Profit by saving on the expence of management:
transfer and allowance of interest, as between
individual and individual, being performed without
expence: and the expence of attached to the issue
and to the payment of interest by on government account,
being defray'd, in part or in the whole, by par. See
Cha. 1. Supra Ch. 1 See Ch. 1 Plenc. Art. 17. how

Present annual Expence of Management per million £450

Total of present annual expence of management | | )
all annuities not perpetual & redeemed Annuities adding & perpetual loan [+] [+] and loan of 1800 (capital 32,000,000) but not Irish and deducting )
Expence of the proposed General Annuity ) £290,249 + House of Commons Finance Accounts Rv VI 24 Mar. 1800
Note Office — say in a large allowance Suppose — — — — ) £9,249
Remaining annual profit — — — — £200,000

10
Compar d with the
expence of the Post
Office this can
not be more than
£14, or £15,000

The present Annual expence of the Post Office in Salaries and emoluments
— (General and Penny Post included) was Ao 1797 || £45,251 || 7th Finance Report Ao 1797. Append C. p.83
On looking over the list of Offices places included in that expence
it will be seen, that by far the greater part
have no application to nor equivalent in, the present
instance. || See Ch. I Art. 15. Note.

11
The rate remaining
the sum (£450 a
year per Million of
Capital) the amount
will diminish with
that of the National Debnt.

This profit will be diminishing every year: —
Why? — but it is because the expenditure to which the
money is proportional (viz: the amount of the
National Debt in the shape of p
redeemable
Annuities) remaining in private hands will be thus diminishing.</del>

This profit, being a rateable profit in the amount
of debt, will of course diminish in amount, as the
amount of debt diminishes.

Metadata:JB/002/193/001

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