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4
6 Annuity Notes
Under these circumstances, the same day — the same
hour in which [+] [+] a Millions worth of Stockholders Alter thereafter accordingly a man receives payment of the money £100 redemption
in return for his their £3 Stock Annuity, he will
take it to the Note Annuity Office, to purchase with
it the same quantity of Note Annuities. a mass of Note Annuity to the same amount But from
the Note Annuity Office the same money might
that same day by the next if not the same hour
be made handed over to the Commissioners for the redemption of Redemption
of the National Debt: who on that same day again
if not at that same hour might pay that same
£100 to another a second Stockholder for the redemption of this
£100 worth of Stock Annuities, which £100 this
2d Stockholder for the same reasons as the first would
carry to the Annuity Note Office to buy a second Millions
worth of Annuity Notes as before, which 2d Millions
worth might go that same day go back again to
pay off a 3d Millions worth of Stock Annuities,
and so on without end, till the whole conversion were
completed.
But instead of this single Million by which so much
may be done, the Commissioners, if they have waited
till the supposed day, will have by this time to the amount of
at least eight millions to operate with at the same Correct
time; and should the conversion not have been completed
in the course of the half year, at by the said
commencement of the next they another mass to the
amount of eight millions will have been added to the Correct
former, ready to join it in the same course.