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JB/002/404/002

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A 9
Annuity Notes
Plan
1. Value &c
[7]
Why the sum should
run in guineas
rather than in
pounds.

[7] [Guineas without shillings may compose the change
of it
.] This If the proposed sum of £6.6s be
taken for the denomination of the Note, that properly
being exchanged for guineas gold without the addition
of six shillings silver, will (it must be confessed) dwell
with it but a short time, if, as proposed and
expected, the increase in value on the score of interest
up to each day be added to the each day to the sum for
which is passes in exchange: since in this plan,
it will not pass for exactly six guineas any
day after the 2d second of the year and seven of the eight and
fortieth day the interest with from the eight and
fortieth day a piece of silver 12d or 6d and from
the ninety sixth day a shilling will be added to
the change of it. Still however, the principal, which
will naturally be counted separately, being a sum
exchangeable by gold without silver, the account
of change, were hard/metallic money is given in change will be more simple than if it were
in pounds: since in the latter case if exchanged
for metallic money, five guinea pieces, with one
half guinea piece, and four shilling pieces with one
six-penny (i:e: half shilling) piece would be the
simplest form in which the change of it could present
itself. Nor even at its last the latest and utmost and most complicated)
period of its value will the composition of it be
found as complicated when composed of guineas
as it would be without the interest if composed of
pounds.

[+] A pound indeed
though a fictitious
denomination with reference
to metallic
money, is become
a real one with
reference to paper
money since the
issuing of £1
Bank note. But
in another place
reason may perhaps
why the plan should stand as clear of any such supposition as that of the existence of Bank paper.


Identifier: | JB/002/404/002
"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

002

Titles

Category

Text sheet

Number of Pages

1

Recto/Verso

"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.

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

Box Contents

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