JB/002/547/001

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2 ds 7
Annuity Notes
Ch.
II Rate
6
Security and
rate of interest taken
together, it becomes
evident that
as much money
as is thus lent to
Bankers so much
is by some particular
circumstances struck
out of the market
for Government Annuities

Though from By this example it is proved, that though in Government Annuities so
prodigious a mass of capital has been is placed
out at a rate of interest not only equal
but considerably superior to 5 per Cent, yet
this does not hinder but that quantities of
money likewise very considerable are habitually placed
out and that even the inferior an security so much
inferior to what is proposed to be given, at a
rate of interest considerably inferior to that which
is proposed.

But this is not all: for over and above the sums,
which at present placed out at a rate of interest so much inferior to the Bill what is proposed the rate proposed is at present
placed out in the
hands of Country Bankers
we shall soon see
other monies, and
those to a most
superior amount
which might and
therefore probably
would be placed
out at interest in
the proposed security,
and which at present
are not seen in
the nature of the
case could generally
speaking be
placed out in their
or any other individual
hands.

Mean time what is obvious enough is
— that a move in a rate of interest inferior to 3
per cent will not be accepted of by a
man who with equal facility and security, and on terms equally advantageous in
other respects can get five per cent. But Yet
as so much money is actually placed out
at less than 3 per cent this general consideration
is of itself sufficient without entering into particulars
to prove to demonstration, that the to
a large proportion of the money of the country
there are circumstances by which the five
per cent is rendered either ineligible or unattainable
or ineligible.

Identifier: | JB/002/547/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	6
Box	002	Main Headings	annuity notes
Folio number	547	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1 1
Recto/Verso	recto	Page Numbering	f7
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1286
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