JB/002/563/001

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2do 23 3

Ch. Ground . VI. Depretiation Against depretiation from this source, the
proposed paper in question is not only as scarce as
the existing government papers, but more so.
24 — 3. by reducing beating down the mass of payment engaged for not small masses payable at distant periods — What That which those other papers engage for is the
principal as well as interest: what that which the proposed
paper engages for is interest only. and not
principal but interest only — interest at
the rate of five per Cent. What That which Government
engages for when it issues a £100 Exchequer
Bill is payable in a year to pay within a that limited time £100
worth of cash cash to that amount besides interest to the amount
of between £8 and £6. What That what Government
would engage for the payment of within that time by issuing a hundred pounds
worth of the proposed Annuity Notes is — not
the payment of this £105 and upwards
but the payment of somewhat less than £3.
not so much as one thirtyfifth part of that
£105. In this one case the fund drawn upon
is the revenue of a single year, or some
very small number of years: in the other case
the fund drawn upon is the revenue of 35
successive years.

Identifier: | JB/002/563/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	24
Box	002	Main Headings	annuity notes
Folio number	563	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3 / f23
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1302
Box Contents