JB/003/005/003

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Extent – Effects

The quantity of unemployed
capacity of
labour combined with
the quantity of hard
cash exportation with
proper advantage will give limit
the quantum of additional
wealth which
the country can be
made to receive in
the course of a year
from that source, but
it will not limit
the number of returns
which the
quantity of hard cash
left in the circulation
is capable of
making to the exchequer
for Annuity
Notes, nor consequently
the quantity of nominal
value which
Government will have
it in its power, (and
indeed be under the
obligation) of introducing
within the
year (and so from
year to year) supposing
Stock not to
have been yet raised
to par.

As far as the guineas
are furnished by
income, this reciprocation
can not extend
beyond the sum of the
increase of individuals:
but as far as they are
furnished by masses of
capital, there seems
to be no limits to the
rapacity with which
the exchange may be
repealed.

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Extent – Effects

repealed.

The only limit
opposed to the rapidity
seems
therefore to be that
which is set by
the uncertainty whether
the individual
who has
the money to receive
in each instance
has the
prospect of being
able to keep it by
time long enough
to pay him for
the trouble of sending
to the next
Post House to exchange
it for
Annuity Notes.

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War & Peace

Difference between the
advantage in time
of War, and in time
of Peace.

In time of war, as
only ledger raising
the Funds, which
then, taken by itself
is a result not desirable:
soon the
lower the funds are
when the buying-in plan sets out
after the conclusion
of the War, the more
advantageous the
terms on which
it buys in.

But the advantage
by forbearance of
dividends is a
very substantial
one, and applies
equally to War
& Peace.

On this account
the greater quantity
of the Mass of Annuities
can be exchanged
from that
into Notes, the better.

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Effects – Bankers

Compensation
Bankers would
get the cash that
now goes to the
composition of
Petty Hoards.

The business of
the country Bankers
would assure
the firm now
assured by the
Laws on Bankers.
They would issue
less paper or notes,
but they would
receive more cash.

Identifier: | JB/003/005/003 "JB/" can not be assigned to a declared number type with value 3.
Date_1		Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	005	Info in main headings field	annuity notes
Image	003	Titles	extent / effects
Category	rudiments sheet (brouillon)	Number of Pages	1
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	19210002
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