JB/002/518/001

Click Here To Edit Annuity Notes
SS Circulation
indubitable
15
-2. from the
Market for Exchequer
Bills and
other ribers
comprising the floating
debt.

There remain still a number of other Government
Securities by which in the purchase of which
temporary sums may be invested so as to yield an
interest and a rate of interest higher than thatthe 3 per Cent
proposed to be proffered by the proposed Annuity
Notes: I mean Exchequer Bills, Navy Bills, Victualling
Bills. Transport Bills, and Ordnance Debentures. Ordnance Bills: not to Speak of India
Bonds. But by different causes those different
sources of temporary income are rendered one
comparatively unsuitable to the convenience of the
generality of purchasers. One thing they circumstance
is common to them all view that their existence
is limited to war time, and thencefrom whence
their continuanceduration is constantly precarious. Another
circumstance common to them all is that
there is no market for them any where but in
one single place. A third circumstance of disadvantage
belonging applying to them in common is that
the quantity of them is continuallyinstantly liable to increase,
as well as the time of payment to retardation, -crease and thence their marketable value to depretiation,
to an unknown amount. Exchequer
Bills too are never issued but infor sums less than £100:
by which every mass of money less than that considerable
sum is excluded from this branch of the market, and
through in the amounts of Navy Bills &c there is an
indefinite variety in the market, yet the sum amount
of the sum in each instance is always a matter of
accident, and instead of being is not at the purchaser's command.
the command of the

But

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Metadata:JB/002/518/001