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7.
II. Eventual Extension
Annuity
17 [17 Stock, of where at or above to be paid off instead of brought in
15 17 [1] That, if by this and other means, 3 per
Cent Stock Annuities should ever have risen
to par, [1]
[1] Probability
the produce of the issue of Note Annuities
be thereupon applied to the paying
off instead of buying in, [2]
[2] necessity of result
Stock Annuities —
and so toties quoties, buying in, or paying off
according as Stock Annuities are whenever they
are under par, paying them off, whenever they
are at or above par. [2]
18 [2] Issue of Note Annuities to upon the paying off the last portion of Stock: i:e: the completion of the conversion of Stock into Note Annuities
18 [2] That (inasmuch as the paying off Stock
Annuities will lead to a rapid and almost immediate
conversion of the whole of amount into Note
Annuities) if thereupon the Note Annuities (now
become by the supposition the only Government Annuities)
should experience come to bear a premium a to a
Annuities) [1] [1] Probability
immediately upon the completion of
such conversion the issue of Note Annuities be
discontinued. [2] [2] Necessity of
19 [3] The old issue bearing a premium, a fresh issue to be emitted at lower interest
19 [3] That if, on the aportion of the issue of
Annuity Notes, such Note Annuities (now by the
supposition become the only redeemable Annuities
remaining) should come to bear a premium to
a certain amount, [1] [1] Probability
a fresh issue be emitted
at a proportionately reduced rate of interest, [2]] and [2] Specify and the
produce thereof be applied to the paying off the
Annuity Note paper of the first issue: [3] [3] Necessity of Reasons - and so
toties quoties. |4| [4] Probability
Identifier: | JB/002/384/001 "JB/" can not be assigned to a declared number type with value 2.
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17-19 |
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annuity notes |
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ii eventual extension |
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recto |
f7 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1123 |
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