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19 Art. 9 Notes Annuity Notes —
Plan
1 Constitution Supposing the progress of the progression of the
price is all way from 60 up to five to be
exactly regular , and supposing 40 millions
to be the additional amount of the extra purchase which will
have been made by the produce of this paper
over and above the produce of the two existing
Sinking Funds, by the time this rise has been
affected , 20 + + 15 per per Cent will be may be stated as the medium rate
of this profit up to the stage supposed,, and 8 millions as the amount of
it. Two hundred and forty thousand pounds
a year (being 3 per Cent upon this 8 million
of capital) will thus exclusive of compound interest be the amount of the addition
made to the sinking fund.
This will be the amount of the burthen taken
of in respect of the mass of Annuity paper due
from Government to individuals.
But this is not in the mean-time by a great deal the end of
the advantage to Government
The alleviation in respect of the Annuity taken off
confirms itself to the above ampuaal sum of 8 mi £240,000
corresponding to the above capital of 8 millions :
But the quantity taken off from the quantity of
Stock Annuities remaining in the market , and
bearing their part in the keeping down the prier,
will exend [as will be seen] much farther. It
may extend so far as to include the remaining
32 Millions. For whatever portion of Annuity Note
Identifier: | JB/002/407/001 "JB/" can not be assigned to a declared number type with value 2.
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not numbered |
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002 |
annuity notes |
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407 |
art. 9 |
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001 |
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text sheet |
1 |
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recto |
f19 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1146 |
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