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2 Annuity Notes
quantity of it than before, at a given price.
But the que by the arrival of the end of the period in
question the quantity of the (we shall see reason to think)
will have received a considerable increase, and at which
moreover on the other hand the amount of the demand will have received
a considerable increase.
However, lest the fall change should appear too sudden
or the feasibility of it not sufficiently assured, and
as the conversion of redeemable Stock Annuities in general 3
or, and 5 per cent together into Note Annuities at
3 per cent will appear naturally present itself as an operation of
no small importance, magnitude and attended with an inconsiderable
mass of financial profit and advantage, I will suppose
the 2d emission of Note Annuity paper not to
be offered till after the conversion of the whole mass
of redeemable Stock Annuities into Note Annuity paper if
the first issue has been completed.
Conversion