JB/002/477/001

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Art. 20 8

Now to proceed for the paying redemption of those
portions of Stock whose holders will not forbear, purposely
or otherwise, to apply for the purpose of receiving
it? — From the time that the money is set apart
for the purchase of the mass of Stock standing
in any this or that name, the interest of course must cease: if the
redemption of the principal and thence the cessation of
the interest depended on the act of the Annuitant Stockholder, no unwilling
Annuitant would be ever be paid off. Nothing but
loss — clear and palpable — would be the result
of the non-acceptance or any delay in the non-acceptance of the redemption — money in such case. Therefore
any such refractoriness could not be reasonably to
be apprehended in any considerable degree: worth regarding and so far as
it did take place, there would be no positive loss to
Government; since the money in one mass would be lying idle,
(the progress of the converse being stopped pro tanto)
the interest on it would be saved

In the case of distant Absentees, power might be given to their known Agents the existence of the trust being sufficiently verified in a manner to be presented having power of
Attorney in regard to Stock, although the power of transfer were
not included: measures being provided impounding the
correspondent Annuity Notes in the public offices, so as not without
trusting to trust them to any Agent whose powers did not
extend thus far, till the will of the proprietor could
be made known.
compare

Identifier: | JB/002/477/001 "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	477	Info in main headings field	art. 20
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d8
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1216
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