JB/003/059/003

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Ch. 8. Advantages Financial

13
Advantages to Government
during the first period. p.15
1. Profit on sale &
purchase
2. – by Postponement of
Interest from half
yearly to yearly
3. – by Interest forborne. 4 – by Notes lost

14
1. Sale and purchase
– greater each year
the lower the
price of Stocks that
year. p.13

15
2. Postponement of
Interest. p.13

16
3. – by Interest
forborne – Grounds
of the assurance on
this head – p.14, 15, 16

17
Probable amount Masses of Annuity to
of which such forbearance
would be likely to
extend – p.17, 18

Cautions on this
view
1. To make the receipt
as easy as
possible.
2. To make the service
as convenient as
may be for circulation
– i:e: the terms
or degrees numerous.

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Ch. 8. Advantages Financial

18
4. – Profit by Notes
lost. p.19.

19
The advantage
of the first period
may be considered
as being
the greater, the quicker
it tends to render
the approach of the
subsequent periods,
with their purchase
advantages. p.20.

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Ch. 9. Advantage Moral

1. Frugality
2. Exemption from
the inconveniences
of associations
3. Probity on the part
of Trustees
4. of absorbment
to Government

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Effects
Effect

1. It will expell
Bank paper. p.1

2. do Bankers

3. It will thus add
to the currency. p.3

4. The addition will
continue till
are at par. p.8.

5. The addition will
be greater, the longer
the war. p.10.

6. Money will be
plentier, the longer
the war continues.

7. The addition would
be boundless was
it not for the positive
limits set to
the fund for payment
of interest. p.11

8. The quantum of
cash would not be
diminished. p.11

8(a) Adam Smith's
opinion where the expulsion
of cash questioned. p.12
Quantity of cash
not material, only
quantity of wealth ibid.

9. It will make
as effectual addition
on so much prize
or tribute gold – page
to be added – 13.

10. A part of it
will add to the mass
of real wealth, by
giving birth to an
extra quantity of
labour – a part not
but only raise prices.

11. out Whatever
gain is reaped
by individuals will
be reaped by
out of the Fund. p.19

12. The gain will be
neat, in as far
as they have money
to pay. p.19

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13. it will be subject
to As also
those who have money
to place out,
till the next accession
to the stock of money
takes place. p.19

14. Still more if
there should be a
void by the expulsion
of Bank &c paper. p.20

15. The gain will
be subject to deduction,
as money gets plenty
by the competition. p.20

16. Persons in habits
of borrowing from
Bankers will sustain
loss & inconvenience. p.20.

17. The loss will
be greater as the
expulsion of that
paper extends. p.21

18. 19. When the Bankers
paper is all gone
the smallness of
the profit 5 per
cent obtainable over
& above what may
be made by holding Annuity Note paper
will operate in containment
of the difficulty & loss. p.21

20. The extra quantity
of currency will operate
in alleviation of it. p.22

21. The alleviation will
predominate. p.22.

22. Effect on Mortgages
uncertain. p.23

23. On Exchequer Bills &c
the rate of interest will be
reduced. p.24, 25

Identifier: | JB/003/059/003 "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	059	Info in main headings field	annuity notes
Image	003	Titles	grounds / ch. 8 advantages financial / ch. 9 advantage moral / effects
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	jeremy bentham	Paper Produced in Year	1794
Notes public		ID Number	1469
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