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10 Annuity Notes
III
By the identity
of the sums, an
unexampled facility
is given to the operation
of payments
In the Payment branch, theThe identity of the sums — the consequent
uniformity of the business gives a facility to it
much beyond any thing that is or can be exemplified
in the transactions of the Bankof England. In the
payment of Dividends at the Bank, the sum,
being in each instance an uncertain one, can not be prepared before
hand: the sum must be mentioned and denominated,
before it can be counted out. Nor is it paid
by the same hand or in the same room
which the amount of it is liquidatedascertained. In this
room the number of of dividends due, and
the amount ofof each being ascertained by the Banks,
and the Books signed by the audi Stockholder or
his agent, a warrant given him for the amount,
and to the this warrant he has to
travel with to the Warrant Office, situated
at very inconsiderable distance when he finds
each Clerk pre-engaged perhaps, by a number
of other applicants. That the division of
increase of labour, is not, finds in this instance of being attended
with such advantages upon the whole as well are requisite sufficientto warrant
the adoption of it, is what I see no reason
to disputesuspect. But the either
this increase even on the part of the Official establishment,
of that great corporation, nor the much greater increase of time consumed on the part
of the individual, liable to dispute: and in this
instance of the proposed Annuity Notes it is as
small advantage that the demand for so much time
and labour is capable of being struck off.
Identifier: | JB/002/618/001 "JB/" can not be assigned to a declared number type with value 2.
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not numbered |
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002 |
annuity notes |
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618 |
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001 |
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text sheet |
1 |
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recto |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1357 |
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