JB/003/082/003

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On the Form of the Supply to the Sinking Funds

Note (b) continued –

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 considerable: as for example –

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

Result –
An Annuity of one per cent on 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.

Observations on the above Hints by a Man of experience
in Parliament –

"I return your Sinking Fund elucidations: they appear to
"be very correct and very clearly and briefly expressed.

"Whether they would be adopted may depend on many circumstances."

"1. The amounts of the saving to result from the damage should be
"shewn+ + Say rather, should
appear" viz: to those
to whom it belongs to
judge: but in what degree
it is so, they see,
or may see, without any
showing, much better than
I can show. From me
the bare hint, if not superfluous
is quite sufficient. to be considerable: a change (per se) being objectionable."

"2. The change being professedly for War Years, might there not
"be some objection to proclaiming‡ ‡ No proclaiming in the
case: none wouldbe in
the the continuance of a War prospect, unless
the

Identifier: | JB/003/082/003 "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	003	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
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