JB/003/082/001

Click Here To Edit

5

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 Subscribers' Profit, every year, upon so much money rasied 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 brought 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 in 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 –
5. Extra Load on the Market; viz: at any time of the 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/003/082/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	082	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 / f8
Penner		Watermarks	1798 am
Marginals		Paper Producer
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public	"sent to mr secretary rose 1800. sent to right honble h. addington 20 july 1801"	ID Number	1492
Box Contents