JB/002/230/001

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+ Note 140 Note
Abstract
Ch. Unit Weight

Note (a) cop. 23 139

This supposition is actually matured unified for the
case of the money employ'd in the purchaseThough it is with
the redemption af-
-fected by the Sale
or the Land Tax
of Stock Annuities in the case of the money paid
as in the case of money employd in the redemption
the redemption or purchase money for portions
or purchase of portions of the Land tax, and laid out
of Land tax and employd in the purchase of
masses of Stock Annuities on Government account,
to be and to be added to the Sinking Funds. A The
money for a purchase of that sort can not be supposed [+] [+] (unless here & there by accident)
to
be saved out of the income of the year and defalcated from
what would otherwise have been the unproductive expenditure
of the year, unless in the case where, had it not been for these opportunities or such saving
without any such call, a sum to the same amount would have been saved
up, and employd or lent out, in the shape of
capital. It is therefore so much taken from the
mass of National capital. But, On the other hand, when handed in
to the Stockholders of whom the Stock is bought, and in payment for their Stock, it
is then so much added to the mass of National Capital;
being so much which would not have be
taken that course, had it not been for the measure.
It therefore leaves the amount of National
capital where it found it.