JB/003/074/001

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but an annuity, equal to the amount of the interest of
that the fictitious capital supposed to be borrowed and paid off
is created, the amount thereof to be annually applied
to the fund in question meant to be enriched, for the composition of which the operation
is performed intended.

But since the interest and that alone is what
the fund gains by the measure, why not grant the
interest at once, and that alone, without mention of
the principal? 1. Fiction with its attendant obscurity
would be saved – which of itself is a great
gain. 2. The market would be eased of the whole
amount of the fictitious part of the loan – another
consideration of no mean importance – 3. The times
where there is one Contractor's profit upon this part
of the loan would moreover be saved: a saving which
whether more or less important than the two preceding ones
presents itself in a more palpable shape, being expressible
in figures. 4. To this may be added as
a distinct expence saved, the expence on the score of
interest for the time that elapses between the receipt day when
of the money borrowed is received, and the day when
by payment redemption purchase of an adequate mass of principal, the
interest corresponding to that principal is made to cease.

Identifier: | JB/003/074/001 "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	074	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e2
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1484
Box Contents