JB/002/472/001

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Click Here To Edit Art. 20.

Assuming These rules being premised, and acceded to
, the conversion may be rendered little less than instantaneous! It
may be rendered so even without any co-operation
in the part of the individual Stockholders: and by
a co-operation such as government will have the
means of obtaining in its power, the conversion may
receive a still further degree of security certainty as well as
despatch.

The time fixed upon for the first payment to be made
of money for the redemption of the capital corresponding of a portion of Stock Annuities
in this view is (suppose) the day when the interest
(called dividend) is due: a quantity of money has
been collected and received in a mass for that purpose: notice of
the intention has been given or not, as shall have been
thought fit. Take a single million for example.
But the individuals who on these terms find themselves
obliged to part with their masses of Annuity, did not
desire to part with them. Their wish was to retain them.
But there are no more Government Annuities in the
sum of Stock Annuities to be had on any terms:
at least on any terms on which they would be worth
having. At the same time the market for Note
Annuities on the same terms or to purch on terms by
(setting aside a small fractional deficiency not worth regarding)
is still open: and in respect of which this fractional deficiency
is amply compensated for by superior facilities
in regard to the mode of receiving the interest, and
the mode of obtaining money or money's worth upon occasion by the transfer
- i.e: the paying away the principal.++ Reference onwards.Under

Identifier: | JB/002/472/001 "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	472	Info in main headings field	art. 20
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d3
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	1211
Box Contents