JB/002/487/001

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4 Aug. 1800 Art.21. 2
Annuity Notes
Abstract

B.
On the redemption plan, plan of redemption of principal the liberation proceeds
very slowly: not being performed but by money
raised by and saved out of taxes for that purpose the produce of taxes imposed or
continued for that purpose, it can proceed no faster than as such money
so raised comes in: but in as far as it goes, it
makes through clearance: not having the load of capital
tal to be cleared off little by little in future time in undiminished amount to be shared among
little by little by the precarious frugality and ability of future time.

By reduction, redemption is helped on: for,
though by in so far as reduction of interest takes place, the principal the mass of
principal the principal of the debt is not diminished, yet neither is it increased:
and by the amount of the interest which is or may be taken
in hand by the reduction, the quantum of money
capable of being applied to the purpose of redemption
is increased.

So again, by redemption, reduction is helped So again by the redemption of <add>the principal, of an part of the Debt reduction of interest</add>
on, on the remainder is helped on: and the possibility of effecting it, produced
perhaps, in cases in which otherwise would not
have admitted of it. The proof of this is as follows.

inasmuch as by the
extra quantity of capital thus
thrown back into the
hands of capitalists, the
proportion of capital
to income in increased
and such a glut of capital
is produced, the
forces the lending of
which is to force the
capitalist to accept
of a reduced rate of
interest.

Of the redemption of National Debt, one effect,
and that an inseparable one, is — to make one addition,
and that to mark the amount of the money
employ'd in the redemption) to the mass of National
Stock or Capital to the matter of that the existing branch of national
wealth — the existing branch and which is the of the growing other branch, viz:
National Income — the Growing branch — viz: National
income

Identifier: | JB/002/487/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-08-04	Marginal Summary Numbering
Box	002	Main Headings	annuity notes
Folio number	487	Info in main headings field	art. 21
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d2
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals		Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1226
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