JB/002/461/001

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Art. 20 Annuity Notes

Redemption 1. Price. of Select 1. Points to be allowed in the redemption of both masses of Annuity 1. Principle of Selection 2. Mode of operation
In the two cases of redemption here brought to
view the subject-matter of the operation is in some
respects different: in the first instance it is the
existing mass of Stock Annuities; in the other,
the proposed mass of Note Annuities. Four rules
and observations will be applicable to each: others
will require discrimination to be observed in the application
of them.

The following rules seem to be applicable in both cases.

In the paying off of a mass of Government Annuities
there are two leading points objects to be attended to.
- 1. The principle of selection to be adopted on the occasion
in regard to the order of payment. or The
mode of payment, or train of operations provided for
the course pursued for the performance of the requisite
train of operations requisite for conveying the money
into the hands that have been selected
2 Necessity of a selection 23 Rules respecting the principle of selection

[+] [+] 1. If the aggregate mass of property thus as circumstanced were small enough, and the masses of which it consists viz: the masses of Annuity in the hands of belonging to the several Annuitants were ever enough, to whatever the : reduction were made upon each given occasion it might apply to all those such component masses without exception, and in the same proportion to each: but this not being the case, a principle of it becomes necessary to adopt some principle of selection, by which it shall determined as between under each of the several propositions, so in regard to which of them it the operation shall later plan, before it takes place in regard to the other.
5. As In regard to the principle of selection the following rules
may be laid down. may have their use

1. To avoid all imputations of impartiality and corruption, the
The principle adopted must at all events be such
as shall exclude room for, or so much as all suspicion of undue preference:
meaning by undue preference, any preference given
as between individual and individual
as shall not put it or leave it in the power of any person to
give any preference or advantage as between individual
and individual.

3 2. It must therefore be so such framed, as either to turn
upon some pre-existing distinction as between class and
class, or if upon a distinction not as yet established which remains to be made
there upon a distinction constituted worked out not by human decision
but by chance.

Identifier: | JB/002/461/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	1-2
Box	002	Main Headings	annuity notes
Folio number	461	Info in main headings field	art. 20
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e1
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1200
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