JB/003/082/004

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On the Form of the Supply to the Sinking Funds

"the gain was very considerable?

"3ly. I do not think the indirect addition to the War Sinking Fund
"would be considered as very objectionable:⧺ ⧺ I do not mention it
as such, or likely to
be thought such: but
the less likely to be
thought such, the less
need of employing an
indirect mode for bringing
it to pass. that Fund, which goes on at
"Compound Interest for ever, being the favorite Fund – whereas what is
"called the Old Sinking Fund stops at a definite amount.

"4. Your discrimination of the six Sinking Funds is also correct:
"but there is also a convenience adhering to the popular distinction:
"because your 1st. and 2d apply to the Old Debt and therefore are called
"the Old Sinking Fund: your 3d, being the Sinking Fund for the general
"War Debt, has acquired the name of the New Sinking Fund, and, being
"subjected to a peculiar system of regulations, may well continue so to
"be called.⊞ ⊞ Admitted, that
in general discourse
or writing, authoritative
or unauthoritative,
there would be neither
use nor propriety in
changing the established
language on this head:
However in the Closet,
the rapprochemens in
question may possibly
have their use.

"Your 4th and 5th stand upon separate grounds: and for other reasons
"require a distinction to be preserved.

"Your 6th may never become a Sinking Fund."

Reply

These observations strike me in their force: so much so, that,
were it my province to decide, I am by no means clear that it would
not appear to me best upon the whole to adhere to the negative, towards
which they seem to lean.

I take the liberty, without the participlation of the commentator,
to submit comment and text together: flattering myself, that the discussion thus
exhibited may perhaps be neither displeasing nor altogether uninteresting to
those to whom it belongs to judge.

Jy. Bentham.

Sent to Mr Secretary Rose ..... 1800
Sent to Right Honble: H. Addington ..... 20 July 1801.

Identifier: | JB/003/082/004 "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	004	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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