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In relation to Stock Annuities, precedent has
chalked out a course to be taken and the best that the
simplest as well as the best tha in every other
respect the best a course that can be taken for this
purpose. A mass of Annuities is pitched upon
in the lump: for instance the whole amount of
the redeemable Annuities granted at the same rate
of interest in a particular year. If the sum applicable
to this portion is equal large enough
to cover the whole of this mass, the whole of it
is paid off, of course: if not then a fraction
is taken out (suppose a fourth) is tak detracted
from the entire mass, and this fraction is appointed
to be paid off. To constitute this portion, a aggregate aggregate of the aggregate
corresponent portion aggregate portion of the aggregate
mass, a correspondent portion is detracted from the
mass of stock possessed by each Stockholder: a
fourth part of each man's quantity of stock is
thus discharged: Such was the course pursued
by Stat. 5 G. 3. c in the instance of the first mass of Stock paid
off since the commencement of the present reign.
Before a General Act chalking out a
course of redemption
to pitch on one as soon as they have a
sufficient assurance of a certain sum of money by a
certain day (half yearly day)
Identifier: | JB/002/468/001 "JB/" can not be assigned to a declared number type with value 2.
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002 |
annuity notes |
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468 |
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001 |
note (a) |
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text sheet |
1 |
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recto |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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1207 |
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