JB/002/204/001

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30 Aug. 1800 1106
Ch. XIII. Financial Advantages - Period IV. 22 Abstract

Advantages Financial
VII continued
Period IV

Period IV from
the opening of the 3d
to that of the 4th
Issue

Rate of profit by
reduction 17:11 per
Cent.

Larger Type

IV. Period IV. From the opening of this third 3d
Issue at 1 1/2 per cent nearly ( viz £1.9s.6d per cent)
to the redemption of the last portion of paper
of that issue, whereupon follows immediately the
opening of the 4th issue at 1 1/6th nearly (viz
£1:3s:8 1/2d per Cent, being s a trifle more than
1 1/6 per Cent.

Rate of the closed issue during this period £2: 7s. 5d.
Rate of the open issue — — — — — 1 : 9 : 6
Difference, constituting the profit of the operation — — 17:11

The

3

Profit by interest unreceived, by in <add> Government hands, and by
lost with little change, unless by this time
the Production of which poss mass by paying off should have preceeded such a
length as to have
reduced the amount
of it to little
more than the quondam
amount of this part. </add>

The divers rateable branches of profit mentioned
in Period
Here as in Period III. Profit in respect of management
in Period III continue here in kind, diminishing
of course in quantity as the
diminishes of course as quantity of the subject matter is reduced. diminished

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The amount of the exp grand profit — the
Profit by reduction of the rate of interest — is
for The <add>annual amount of this is of capital </add> £8958:6s:8d
Upon every million of capital )
Annuity Notes remaining in the hands of ) 8958:6:8
it indeed — — — )

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Profit in respect of Exchequer Bills. For the
reasons given in Period III The rate of interest which it can be necessary
to give on Exchequer Bills can never exceed
the rate given by Government on paper of the
2d Issue being the closed issue. Indeed It can
scarcely scarcely indeed be equal to that rate: since
for the reasons so often given, the provision borne by the closed issue in circulation
will in all probability naturally be for a
long time very considerable: the more so as the
drop from the rate of the given by the third issue £2:7s:5d to the rate
given by the open issue (£1: 9s:6d) is so great (viz: 17s:11d, as bel above.)

Identifier: | JB/002/204/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-08-30	Marginal Summary Numbering	not numbered
Box	002	Main Headings	annuity notes
Folio number	204	Info in main headings field
Image	001	Titles	ch. viii financial advantages - period iv
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d1 / f106
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	943
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