JB/002/457/001

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Art. 20

At this period then, it will be the evident interest
of all holders of Stock Annuities, to convert them
into Note Annuities: and being their interest,
it will be as evidently in their power: As The means mode
of doing this will be in their power, without waiting
for the consent of government, and without the trouble
and formality of a treaty for the purpose. A, S
a Stockholder who has £100 Stock, which he wishes to convert
into Notes will sell it for £100 cash to B., F a friend of his (who having
no money, but does not want the Stock, but
only takes it for the moment, to accommodate
his friend.) A. S having obtained the cash goes with it <add>with the cash in his hand </add> to the next
Local Annuity Note Office and takes out Notes
in that amount. From the Office the cash comes
immediately into the hands of the Commissioners
(the Commissioners of the Sinking Fund) who by the
of the instruction are bound to take produce
it immediately to the Stock Market to buy such lay it out in
Stock. as is offered . B F offers his £100 Stock as
, sells it to the Commissioners, and thus
gets back this money which for the accommodation
of his friend A S he had advanced.

For a capital of so any such small sum amount, the
expence of selling the Stock would indeed Stock conversion, would | | at the present rate of expence for Powers of Attorney, Brokerage and so forth cut deep
into the advantage: but as on the other hand
the inverse advantage arising resulting to government
would also be (as will be seen) very considerable, it will be worth the while of Government to remove all such impediments,
and expedite the conversion can contribute speed by every
incouragement that can be devised:
under

Identifier: | JB/002/457/001 "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	457	Info in main headings field	art. 20
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	a42 / f56
Penner	jeremy bentham	Watermarks	g&ep 1794
Marginals	jeremy bentham	Paper Producer	fr3
Corrections		Paper Produced in Year	1794
Notes public		ID Number	1196
Box Contents