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JB/002/220/001

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extinguishes 1.9:6d a year interest: whereas
if paid in the sum of interest it extinguishes
so much interest, but nothing more

The undemanded interest (it might be thought) might
in this way come 1. accumulate to such a mass,
as might be productive of inconvenience, if, by
a sudden turn of affairs, it were to become the
interest
a matter of advantage to the whole
body of accountants to claim payment of it
at once. But, no such inconvenience could
swell to an amount worth regarding.
on a second glance, the inconvenience
would vanish be seen to vanish altogether.
Supposing
as before the amount of the paper 20 millions; note of interest
being at 1.9s:6d: the whole amount of a
years interest would thus be short of 300,000.
As it would be Being simple interest, not compound,
the whole amount of it in 20 years would be
short of 6 million, supposing the whole of it
to remain undemanded and the principal undiminished
at that time. No spece ( seen:) could carry
more than its own interest: (it has been seen+)can carry + because,
as the open spece fills, the paper of the close spece is paid
off, interest and principal together. Respite
is indeed proposed: but the term of respite need
not be so long, as to government from
providing such a course of redemption, as
should at the same time word of the and inconvenience
that might ensue on too sudden defalcation from diminution of this
first of the , and at the same time prevent
the amount of the amount of the interest from swelling to such
any formidable mass amounting such amount as to
become formidable. At the worst 6,000,000 is such a
period, + +period, interest so low & money so abundant, 6,000,000 would be but a trifle to raise by an immediate and temporary loan, as now by Exchequer Bills End of the chapter


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Identifier: | JB/002/220/001
"JB/" can not be assigned to a declared number type with value 2.

Date_1

Marginal Summary Numbering

13

Box

002

Main Headings

Annuity Notes

Folio number

220

Info in main headings field

Image

001

Titles

Category

Text sheet

Number of Pages

1

Recto/Verso

"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.

Page Numbering

E11 / F122

Penner

Jeremy Bentham

Watermarks

Marginals

Jeremy Bentham

Paper Producer

Corrections

Paper Produced in Year

Notes public

ID Number

959

Box Contents

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