JB/003/002/002

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Annuity Notes
Broullion 12 Nov 1799
Extent

1* To the actually existing Petty Hoarders may be added those who would be Petty Hoarders, had they the means and inclination in question. See the Author's Outline of a plan relative to the Poor as printed
Agriculture in Young's Annals— Holders of small sums hoarded— not large enough to being with. Holders of temporary sums seeking employment not permanent enough to be struck with Holders of temporary sums not seeking employment—or tunning cash.

2. Temporary Sum- Holders not under engagement. 3* Hoarders in attendant in a small to a large scale. 1. Possessors of Petty Hoards—Permanent Hoards Permanent Sums on a small scale sinking unemployment. 2. Possessors of Temporary sums on a large scale not under engagement but seeking employment. 3. Possessors of do on do under engagement. 4. Possessors of sources or sums for current expences.

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Extent

The amount of Debt brought on will be equal to the amount of Annuity Notes sold plus the difference profit of the quantum: i:e: the discount upon stock at the different periods.

The addition made to the currency will be the amount of Annuity Notes sold, minus the amount of Annuity Notes hoarded—minus
the amount of
Bank and Banker's
paper expelled.

The amount of
Annuity Notes issued
will be
1. The amount of
Bank & Banker's
paper existing—
plans.
2. The amount of
Gold coin now
exciting.
3. Minus the quantity
necessary for circulation
—which will
be equal to the quantity requisite for
paying dividends viz.
£9,000,000:viz. plus

4. Plus—the difference
between the amount
of Annuity
Notes that
will be hoarded,
and that of each
that now is hoarded.

Gold coin existing
—£44,000,000
Deduct
Half years}
Dividend} 9,000,000
on Stock}.

Remains addition
to the currency and
to the National
Wealth £35,000,000.
From which is
only to be substracted
the claimed interest
upon the amount
of Annuity-Note
Paper issued.

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Advantages
Security.

The danger of
failure is continually
encreasing by the encreasing
extent of the construction of the Country
Bankers with
one another, and
with the London
Bankers.

The expulsion
of Bank and
Banker's paper
would [be] effected
without producing
failure, inasmuch
as before
the establishment
of the new paper
they would have
ample warning
to withdraw.

Say
Addition to the
currency
£35,000,000
Bank Paper
large 10,000,000
Do Small 3,000,000
Banker's
Paper 7,000,000
55,000,000.

Profit is
as above
at 33
per Cent.

Total Debt}
paid off} 2
being = 66. 13: 4
which is to 100: 40
40 to 60.

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Effects

The effect of the
influx of this wealth
will be just the
same as if so
much spice were
imported from abroad
and paid
to government by
some foreign power
on account
of tribute, subsidiary
position
&c.

It would no longer
derive and spend
those Bank &
Banker's notes
and issued
—But if it did?
—where would be
the harm? &c.
What a rejoicing
upon the conception
of a few hundred
thousand pounds
in specie! which
becomes the property
not of
Government, but
of the individual
captors.

(a) Smith speaks of Bankers paper
driving real prices
—but this is only
in a particular part of the country.
That the Color quantity
of expence has not been lessened

from Rose.

Identifier: | JB/003/002/002 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1799-11-12	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	002	Info in main headings field	annuity notes
Image	002	Titles	extent / effects / assurance
Category	rudiments sheet (brouillon)	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	tw 1794
Marginals		Paper Producer	francis hall
Corrections		Paper Produced in Year	1794
Notes public		ID Number	1412
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