JB/002/392/001

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Notes Art. 1 4

Notes Annuity Notes Plan 5. Constitution
[10] Art. 1 pages . Interest . . . . paid yearly or of Yearly] Question
Why yearly only, and not (as in the case of the existing
Stock Annuities, half-yearly?

Answer. The Advantages resulting from a single plan of</del>
payment appear considerable: no disadvantage, comparable
of a nature to lessen the value of the paper, or obstruct
the circulation of it

Advantages f resulting from yearly payment, in contradistinction
to half-yearly — 1. Lessening by one half the time and thence the expense of paying payment
by one half Clerks employed on payment.

2. Profit by saving to the amount of the half years the interest upon the first half
years the amount of the dividend

2. Profit or saving by interest forborne: amounting
to a half year's interest upon half the amount of
each years dividend: viz: upon every ten million
of capital, or £300,000 £30,000 of Annuity, £15,000 a half a years
year interest the interest of £15,000 for half a year.

3. On Under the half yearly plan to be the Tables of
daily and yearly increase of value, constructed 3. The calculation <add>computation will be less complicated, and the quantity</add>
plan proposed to be in the for the purpose of of Letter-press requisite to exhibit it, less copious.
saving of calculations, and thence facilitating the circulation on the Yearly plan on the Half-Yearly plan. In the difference
of the paper would upon trial, be complicated between the two [+] See art. 3 plans in the Table <add>proposed Term of an</add>
to a degree to the purpose. Annuity Note, as given in the annexed Table [+] Tables of daily and Yearly increase of value are hereinafter proposed to be printed on the back of the Note: (See Art. 3) On the a Tables of this sort adapted to Yearly interest are accordingly exhibited in the Form of a proposed Annuity Note hereinafter presented to view. On the half yearly plans Tables for this purpose would occupy double the space, and be of compliant in their

4 The disadvantage, none —
4 The interest proposed to be allowed to the Note Holder, being
all clear gain to him, Government will therefore be
at liberty on the point in question, as well as other subordinate
points, to make prescribe its own terms- conditions

5 4 In notes below a certain magnitude, the disadvantage
to the annuitant or Note-holder will vanish
altogether: because the trouble of receiving being the same
whether the note be large or small, the smaller the note
the greater ratio will the trouble of receiving bear to
the advantage of an earlier and more frequent receipt. 6: Yearly

Identifier: | JB/002/392/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering
Box	002	Main Headings	annuity notes
Folio number	392	Info in main headings field	notes art. 1
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	a4 / f4
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1131
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