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Art. 20.
Annuity Notes.
conversion a term used for shortness
The w Conversion is a word used for shortness: the
means of bringing about the event indicated by it are is
the paying off such and such masses of Stock
Annuity: the purchase of a correspondent quantity
of Annuity Note paper by the Stock Annuitants
thus discharged a quantity fully equal to or less than
more or less inferior to the quantity mass of Stock Annuity paid off.
is a distinct operation
former, and is but a consequence of it, though in
practice it will probably appear to be little if any
thing
less than a temporary consequence.To discharge <add>pay off that is </add>
men and money out of one fund is the act of Government,
and
The promptitude of the conversion will of course
depend on the plan pursued — the End adapted
in regard
and in a greater or less quantity will be in the
power of government; to buy in to the other fund
is the act of the individuals and will depend on
the will of the individual: - but in this matter as
in others that will will have its rules. the course that
will be taken by it will be capable of being pronounced
upon with that as high a degree of certainty as ever is or
ever can be obtained in respect of financial
computations and arrangements.
The advantages will depend upon the promptitud of the conversion — the promptitude in the mode
The promptitude of the conversion will of course therefore <add>accordingly
depend on the plan pursued — the mode adopted —
in respect to the paying off of the Stock Annuities, several issues of Stock Annuity
with money obtained by the sale of A Note Annuities
or from other sources.
It will depend on the cutting off of all unnecessary
delays: of all delays that are not prescribed by the rules of justice
and and humanity — by good faith and an allowable regard for the fitness
of individuals: and on the adoption of whatever means of <add>expedients for
acceleration are reconciliable to not inconsistent with these rules.
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Identifier: | JB/002/470/001 "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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470 |
Art. 20 |
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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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D1 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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1209 |
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