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Art 1 + 3
Annuity Notes
Addendum
Plan
2. Constitution
[7] Art 1 page 1 [Of such Value or Values &c] See Art.2 8 10, & 11.
[8] Art. 1. page 1. [ ... Promissory Notes. — — Grant of an Annuity]
Shall the instrument wear a declaratory
promissory aspect, as in the case of a Bank Note, or
a declaratory aspect, as in the case of an Exchequer
Bill? — Both come to the same thing — the difference
is not worth discussing here. See Note [ ] to the
Reference on ?
preferred form of an Annuity Note.
[9] Art.1 page 1 [ Denominative value or Principal]
For example one of the preferred notes is a £12:16s
Note: £12:16: then is without dispute its denominative value since it is
the value which is ascribed to it, and by which it is
denominated. On Enquiry it It will also be found to be its true value
inasmuch as by the terms & nature of its constitution, the exchangeable value
of it can not never (it will be seen) be in any considerable degree like the arrival of distant and uncertain
period be less greater than the £12:16: nor at any time ever in any degree
less.
This sum may also be termed the principal of the
note: since it is on the receipt and in consideration of this sum, in money, considered
as principal money, that the interest or annuity
is proposed to be granted: and this moreover is the sum that
mu will be to be paid should the Annuity be ever
come to be redeemed.
[10] Art 1 page 1 [Interest — paid yearly]
Question Why yearly only, and not half yearly
as in the case of the existing Stock Annuities, half
yearly? Answer
Identifier: | JB/002/391/001 "JB/" can not be assigned to a declared number type with value 2.
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002 |
Annuity Notes |
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391 |
Art 1 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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A3 / F3 |
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Jeremy Bentham |
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1130 |
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