JB/003/071/001

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III. Vague and Inappretiable inconveniences; but of a
kind commonly adduced in argument.

6. Finances; exhibited as by so much worse than
they are, by the addition made to the Loan: tendency to
National Discouragement thence people, less in heart .

7. The War represented as by so much more expensive than
it is: therein Governm Administration the less popular: Nation
people the less contented. – What if the New Sinking Fund
had been fed in the same way? the apparent load would have been apparently intolerable.
(Per Contrà, apparent amplitude of the Sinking
Fund would be so much less upon the proposed plan: – unless explained, for which a line or two in a Preamble
would suffice.)

, as compared with the New Sinking Fund.
Fiction, there complication, and obscurity.

N.B. There is nothing complicated Nothing can be more simple, than the calculation
requisite for substitute the proposed substitution the settlement appropriation substitution of an
Annuity to that of a principal sum: the annual £60,000
£50,000, £40,000 a year &c as the case may be to the
Million once paid. The calculation for which provision is already
made by the Act (32 G. 3. C. 51) §. I mean the calculation
of the allowance to be made for a mass of temporary
Annuities, in , Short of Life Annuities – is extremely
complicated.

The comparative unprecedented clearness of the Financial picture
is among the characteristic glories of the present Administration:
– should any thing be left that can
obscure it.

By From the form thus given to the allowance made to
the Old Peace Sinking Fund, the New allowance to the War Sinking Fund sets extracts
receives in an indirect way, an encrease. Settled million and
customary £200,000 together, makes £1,200,000: one per Cent
upon that sum (is £12,000 a year a quantity of created for) repeated every year
one per Cent upon the Stock purchased with that sum, at the
6 per Cent Rate of interest 6 per Cent as before assumed before makes £24,000 a year. Was this⊞
⊞ Was this indirect
addition intended? if so,
or if when observed upon observation
it should be approved,
it would be easy to continue
it in the direct mode.

Identifier: | JB/003/071/001 "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	071	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f5
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1481
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