JB/002/534/001

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Another instanceprecedent that may be inducedallegedas
affording a presumption that no such lowinferior rate
of interest as is proposed will be accepted of by the
public in the case of a papera mass of annuity the value of which
depends upon its passing in circulation for the at a price
corresponding to the principal of that rate of interest
is that of the existing species of Government paper
called an Exchequer Bill. In the case of
the Exchequer Bill true it is (it may be said)
that among the persons who accept of these pieces
of paper as an equivalent for cash there are
many to the state of & whose affairs it may it may be necessary
that the cash should corresponding quantitybe forthcoming in their hands at a
period anterior to that at which Government undertakes
either to give cash for it or to accept it
in lieu of cash, and whose reliance dependence therefore as
far as the principal sum of the Bill is concerned, is
on the market. That is a persons on whom
no obligation to do that which is requisite, attesting.
But here again behold the consequence
This paper Government is unable to circulate
at any less interest than 5 1/3 per cent: and yet the
proposed new paper is expected to be circulated
at an interesta rate of scarce so high as 3 per cent!

Identifier: | JB/002/534/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering
Box	002	Main Headings	annuity notes
Folio number	534	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e5
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1273
Box Contents