JB/002/404/001

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21 20. 19. 18. 17. 16 Notes Art. 7. *16 16 Annuity Notes

Plan 1 Art. 7. The provision of this article is no more than what is virtually contained in the last Art.7, [ ] [Note Annuities .... not paid off till ... Stock &c]
It will appear apr no great sacrifice — one may venture to say no
sacrifice at all would be made by the stipulation
contained in this article: for in the first place
should supposing the residual surplus to be attained
the means of employing it to advantage in a similar
way would not be wanting, viz: by paying off or
reducing the 4 existing and 8 per Cent Stock Annuitites:
in the next plan a more extensive advantage
would result from the application of the money to
the paying of if Stock Annuities in as much as
Q wars use ? viz: by bringing about a universal and rapid
conversion of the whole existing mass of S redeemable
Stock Annuities into Note Annuities , in the
manner that will presently be seen.

— But is not however superfluous. At the same time even admitting that no
superiority of advantage would be to be gained by the applying
of surplus monies to the paying of or reducing
Note Annunities in preference to Stock (a point that would admitt of a
good deal of description after all) still a declaration
to the effect proposed would not be by any means
a superfluous one. For, that a partial advantage
(and that by no means an inconsiderable
one) might be obtained obtainable , by the reduction of the
rate of interest upon Note Annuities , would probably
be perceptible enough. If so th measure
would of course be looked for expected, and reckened upon or
about to be pursued, unless an original declaration
restricting Government from pursuing it were to be made. The

Identifier: | JB/002/404/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	not numbered
Box	002	Main Headings	annuity notes
Folio number	404	Info in main headings field	art. 7
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	a16 / f16*
Penner	jeremy bentham	Watermarks	tw 1794
Marginals	jeremy bentham	Paper Producer	francis hall
Corrections		Paper Produced in Year	1794
Notes public		ID Number	1143
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