JB/003/072/001

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Note

From the form thus given to the allowance made
to the Original or Peace Sinking Fund, the
allowance to the War Sinking Fund, receives,
in an indirect way an encrease: because as
the money raised to produce in each war year
to produce the allotment to the Original Sinking Fund
for that year is so much added to the total of
money raised for the current service of that year,
the one per Cent perpetual annuity upon that
part comes to be added to the rest.

The amount of this indirect addition is not inconsiderable:
as for example

Assumptions –
Allowance to the Original Sinking Fund in each
given War Year (appropriated million and customary
£200,000 together) amounts to 1,200,000
Rate of interest at which of on that year's loan
say for the sake of round numbers – 6 per Cent.
Capital created at that rate – £2,400,000

Result –
One per Cent perpetual Annuity upon that capital, is –
an annuity
An annuity of one per Cent upon that
capital amounts to £24,000

Was this indirect addition intended? – If so,
or if upon observation it should be thought fit to be
continued, it would be easy to continue it in the
direct mode.

Identifier: | JB/003/072/001 "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	072	Info in main headings field
Image	001	Titles	note
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f6
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1482
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