JB/002/219/001

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Were such the course pursued it might be
of use to .

Were the redemption thus to cease, it might
be proper of me to disclose, at the time that such cessation
were declared, that from thenceforward, as often as
in a stock were sent in for payment of interest
interest and principal should be paid together: (a)(a) Note (a) on p. 123 as
is the practice at present in the case of Exchequer
Bills: and at the same time to declare a respite
of the redemption for a certain time.
The advantages would be—

1. The continuation of the source of profit in
question (profit by interest undemanded) would be
more steady and assured. For, in proportion to the
length of respite declared, the paper thus respited would
come to bear a premium: in circulation: the amount of which premium, though limited by the rate of interest yielded by
the open spece over-rated as if (resorted or not resorted to) would
not be prevented by it from taking place. This
premium a man would lose, by sending in his
paper to be paid off at first: in general then,
the paper will not be sent in for that purpose, since consequently any any interest be paid by government.

2. In payment, would thence forward be made upon
the proposed paper but that a part of it would
fair market payment to
a far greater amount would go in redemption of principal: whosoever, without such
regulation, the no part of the money paid would take
that productive profitable course.

The

Identifier: | JB/002/219/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	12
Box	002	Main Headings	annuity notes
Folio number	219	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f121
Penner	jeremy bentham	Watermarks	tw 1794
Marginals	jeremy bentham	Paper Producer	francis hall
Corrections	jeremy bentham	Paper Produced in Year	1794
Notes public		ID Number	958
Box Contents