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Art. 6
Art. 6.[1] Illus....be kept open] So long as
Stock Annuities are under par the profit to by
the difference between the selling price and the purchasing
price (as per Article 9) will continue: and even refusing
those Annuities raised to par, other profits
and advantages will not be wanting, for which see Chapters
and ) the amount of which will increase
with the issu amount of the paper issued
Art 6 [2] This ... another...article.] The use
of making it such is to compleat the security
against depretiation, as afforded by the presiding
article. If by an event the paper in question
might be raised above par, by another it might
be brought down again: and to a man who
should in this way lose for example to the
amount of 5 per cent upon it, it would make
little difference, whether having taken £100 worth
of it at par he had to part with it at 95,
or whether, having taken it at £105, he had
to part with it at £100.
Another use (though the effect is not quite
so manifest) would be the insuring the
of this paper from the disadvantage of being
the paper paid off without his consent, + + or, by the apprehension of being paid off, forced to accept of a reduced rate of interest at
any time prior to the end of the period time
marked out. But to render this sure security
the more conspicuous, it is made the subject
of a separate in the end article.
Identifier: | JB/002/403/001 "JB/" can not be assigned to a declared number type with value 2.
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002 |
annuity notes |
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403 |
art. 6 |
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001 |
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text sheet |
1 |
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recto |
a15 / f15 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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1142 |
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