JB/002/381/001

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4. That the Interest on cash note, whenever issued, commence at the first day of
each year of our Lord: and that on notes issued
any the several days after such first day, the interest to the day of
issue be added to the purchase-money. |1|

Annuities Nat'l


4 Interest to be allowed
and paid
for to the beginning
of the year.

[1] Reasons

5. That it be a condition of the public faith
be pledged, that no such such Annuities shall ever
be paid at a less price, i.: e: at so as to bear a greater rate of interest than this first issue: [1]
and accordingly that when money as often as
money comes to be raised at a higher rate of
interest, by perpetual Annuities it shall be by the creation of stock
Annuities as at present. [2]

5
Conditions of sale
1. That none be
ever sold at an
less price

[1]
[2]

6. That another condition be that at that price the Issue shall be open so long as any of
the presumable Stock Annuities existing at the commencement of the issue continue unredeemed.

6

7. That another condition be, that such Nat.
Annuities shall not be liable to be paid off till
the whole mass of Stock Annuities, existing at
the commencement of the issue, shall have
been paid off. [1]

67
2 - ; nor paid off
while till the State
is paid off
[1] Reasons (why
2 Why a

78. That the money thus raised be added carried to the
existing Sinkage Sinking Fund for the extinction of the National
Debt. [1]

8 9. That for every £3 a year Annuity thus
created, an equal portion of Stock Annuities
brought in shall be extinguished, and the remainder
difference only kept alive and added to
the said Sinking Fund [ ]

78Remit Produce of Sale to
go to the
Fund
[1] Reasons of consequences.

9
-  : after extinction of Stock
Annuities to the
amount of the
Nat'l Annuities

[1]

Identifier: | JB/002/381/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	4-9
Box	002	Main Headings	annuity notes
Folio number	381	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f4
Penner	jeremy bentham	Watermarks	j whatman
Marginals	jeremy bentham	Paper Producer	john flowerdew colls
Corrections		Paper Produced in Year
Notes public		ID Number	1120
Box Contents