JB/003/080/001

Click Here To Edit

On the Form of the Supply to the Sinking Funds –

Heads of Argument, suggesting the inconveniences resulting
from the present mode, and consequently the advantages derivable
from the proposed change.

I. Pecuniary Losses, capable of being liquidated – £ s d

1. By Subscribber's Profit, every year, upon so much money raised
or so much Stock created –

2. By expence of Bank management, commencing upon
the creation of the Stock, ceasing as soon as an equal quantity
has been bought in –

3. By difference (if any) in point of Interest, between the day
on which the first dividend in the Stock thus created is paid,
and the day on which the first dividend on the Stock bought
in with the money is received –

4. By allowance (if any) to the Bank for receiving Subscription-money
upon this part of the Loan –

II. Pecuniary Loss; scarce capable of being liquidated.

Extra Load on the Market: viz: at the time of contracting for
the Loan: thence extra price paid in Annuities, for the money produced
by the rest of the Loan –

The Load (it may be said) is removed afterwards, and the removal
is capable of being foreseen and argued upon at the making of the
Contract. – True: but still the state of things is not altogether as if
there were no such Load. The gross – the erroneous conception – presents
itself to a certainty, and at all times: the presence of the corrective
observation, is but occasional and precarious.
III.

Identifier: | JB/003/080/001 "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	080	Info in main headings field
Image	001	Titles
Category	copy/fair copy sheet	Number of Pages	4
Recto/Verso	recto	Page Numbering	f5 / f6 / f7 /
Penner		Watermarks	1798 am
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public	"spoilt"	ID Number	1490
Box Contents