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Notes 45
3 Annuity Notes
Ch Plan
1 Creation
[10] continued
Uses in notifying
it in the Note
itself.
& against
disputes and
extortion
By the expedient of rendering the intimation
of these for an inseparable accomplishment to
the time of this engagement note itself<add> entered into by the Note several purposes
are answered at once. It prevents Contestation on
the one part, extortion on the other are prevented.
At the expence of an a premium this moderate a premium, it shows to the cautious purchaser how he stands
insured against accidental damage: need thereby
removing what might otherwise be an obstacle
to the acceptance of this paper. By the warning
it affords it converts into an avoidable
penalty, an ins — an instrument of prevention —
what would otherwise be an
unavoidable tax.
Necessity of
giving powers
for varying the
quantum of it
though the
taken will not
require to be great
as between Note &
Note
To be any thing at the fee can not
in the instance of the smallest note (6d) be
less than the proposed farthing proposed for the
standard note of (£12:16.0): and in the
instance of the highest note (say £1,000)
it need not be much more. Under On the occasion
of the fee to be paid on issuing reasons
have been given why, in regard to the quantum of the imposition a considerable latitude
should be given by Parliament to the Executive
Government: these reasons apply to the present
case with equal force.