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12
Annuity Notes
Circulation indubitable.
11 The public markets stand clear of several of the above difficulties and can give better terms In the public market
, many of these obstacles
disappear: at the same time that in war especially
better interest a rate a higher rate of interest is given by
government than under the existing laws individuals
are allowed to take: and from times it is that the
enormous agencies demands of government for ready
money hav have never yet failed to meet with individuals
both willing as well as able and willing to satisfy them, and enormity
of the demand can never sufficiently be admired.
12 Circumstances which repel from the public market great quantities of money and the great bulk of customers 1. Certain Expence, delay and trouble Two sets of circumstances however these are which
even in this case have the unavoidable effect of
repelling from the public market vast quantities
of money which otherwise would find their way
into it, and by emerci operating a proportionable
increase in the competition for that commodity
which alone Government has to offer in exchange
for the ready money it wants — viz.: Annuities
would moderate the enable Government to supply
itself upon less disadvantageous terms.
These are
1. The expence , delay and trouble (which
it paid for, as in most cases it must be is expence) attendant on the purchase
of Government Annuities — this expiration of
receiving the Dividends — and the eventual operation
of selling out.
Identifier: | JB/002/513/001 "JB/" can not be assigned to a declared number type with value 2.
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annuity notes |
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jeremy bentham |
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