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Art. 21. Art. 19. 21. p. 7. [3 4 ] [ ... Paying of .... the first issue —]
This mode of application comes of course, as prescribed by the
fundamental condition above explained — See Note above
Notes to Art. 8 - . See p.47, 48, 49
Supposing
the price of the article to rise be revised to such a
degree by the shutting up of the market as to furnish customers for a fresh issue
at a reduced rate, the conversion of Notes of the
first issue into Notes of such second issue will
take place as a necessary consequence upon the same
principle as the above explained conversion of
Stock Annuities into Note Annuities of the first
issue, and will probably take effect at a rate of
similar rapidity. The time being limited assigned for the
production of the effect, the supposition will not be ought not to be
regarded as an absurd one: In the Dutch provinces
interest was once it is said It (I have heard said) as
low even as 2 per Cent. Supposing a speedy issue
and uninterrupted pace, the number of five or
six years might be sufficient to bring it about,
butting the drain for was it not for the capital that might come
to be drained if in the mean time by the American
Fund, and Land Jobbery, but and what seems
a much more powerful drain, Colonization in the
West Indies.
Identifier: | JB/002/460/001 "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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460 |
Art. 21 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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A46 |
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Jeremy Bentham |
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1199 |
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