xml:lang="en" lang="en" dir="ltr">

Transcribe Bentham: A Collaborative Initiative

From Transcribe Bentham: Transcription Desk

Keep up to date with the latest news - subscribe to the Transcribe Bentham newsletter; Find a new page to transcribe in our list of Untranscribed Manuscripts

JB/002/597/001

Jump to: navigation, search
Completed

Click Here To Edit

12 Annuity notes
Ch. Grounds

17
The case of the
authors provisioner being unprepared
to fulfil the
whole of his engagement

To no such run is can the proposed Government
paper be ever exposed. There never is the that time
— there never can be that time — in which
the Bank or any Bank [+] [+] or any Bank but a mere Bank of deposit, can be prepared in a condition to answer the
whole of
fulfil the whole of the engagements it
has contracted — to answer at all times the whole of the demands
that may come to be made on it. There
never can happen
here, as it has done in case of
Bank Notes.

never can be that time on which Government
can on a sudden — ( I say on a sudden
for, be in remembered, that is the point in
question ) — can be unprepared to answer
in the utmost plentitude all the demands that on the score of these the proposed
Annuity Notes can ever be made upon it. What
the Bank undertakes for by every note it issues
is to pay and to pay on what day soever the demand may happen to take place, the principal sum specified in that
note. What Government undertakes for by ever an a proposed
Annuity Note is to pay to do in any one day — not the principal sum
specified on that note, but only the interest, at
the rate of three per cent — not the whole of that
sum, but less than one thirty-third part of it — and
that — not at an uncertain day, at the option
of the demandant — but on a day certain, predetermined
by government itself.

Metadata:JB/002/597/001

UCL Home » Transcribe Bentham » Transcription Desk