JB/002/386/001

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Annuities 21 Sinking Fund not to be undisturbed by the redemption.
21. That, in order to preserve maintain the powers of the several preserve the operation of the existing
Sinking Funds unimpaired, and to preserve therefore a undisturbed
more of them formed undisturbed; provision be made
for replacing that so soon as for replacing the amount of the reduction,
upon each such mass of Reduced Note Annuities so reduced, from,
taken as redeemed and taken from the time the
same shall have been put taken into the hands of the
Commissioners of the Redemptions Sinking Fund: and accordingly
that for every £100 worth of Note Annuities Annuity Notes of
the second issue so redeemed and taken in, there
be appropriated an a perpetual Annuity of 11s. 10 3/4d
12s.6d, being the difference between £2:19s.54 3/4d (the
interest per Cent upon the first issue) and £2.
7'. 6d (the interest upon the second issue): in the same
manner as under the New Sinking Fund for every
£100 of capital created a like annuity of £1
is appropriated and made payable under the existing
Act [32 G.3. ch. ] to the New Sinking Fund.

22. Further reduction by a third issue.
22. That, immediately upon the redemption of the
last parcel of Note Annuities of the first issue, the
Offices be again opened for the emission of a
3d issue, at the lowest next lowest rate of interest,
suitable to the nature of Note Annuities on which
interest is computed daily, viz: say 1 1/2 per Cent
nearly: viz: by raising the price of the Standard
Note from £16 to £25:4': the produce thereof to
be appropriated to the redemption of the Note Annuities
of the second issue as above: with like provision as
above, in support of the favour of the Sinking Funds: and
[+] so toties quoties, as often as it shall be in as far as any such further reduction shall be deemed eligible. to effect a further reduction in the rate of interest paid by Government in respect of the Annuities charged

Identifier: | JB/002/386/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	21-22
Box	002	Main Headings	annuity notes
Folio number	386	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f6
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1125
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