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JB/107/169/001

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B Political Prospects

Bankruptcy Probability our holding one thereafter. not continuing to hold one thereafter The If for 40 or
50 years longer we can go on paying every year about
£1,500,000's £3,000,000 + + 3,368,366: 2s: 10d the exact amount of the future annual charge created by the debt funded in 1797. Comm: of Finance 23 Rep. Appendix Y. p. 333. Above £600,000 of this having been incurred by the funding of Navy Bills part of which had been offered in prior years, call the fresh charge incurred in the course of this Year in even money £3,000,000. worth of fresh taxes in addition to those
of the preceding years, so we may be to the end of
time: — but the difficulty with regard to the first
40 or 50 years continues unabated. Buying in the debt
that is, buying in of the Annuities granted by Government
affords no relief in the mean time from the pressure of the taxes imposed for
the purpose of raising the fund for the payment of those
Annuities dues, it is only so much progress made to the
facility of affording an easement of that kind at the
40 or 50 years distance: so far from affording any such
relief it precludes us from the possibility of receiving
it: some by continuing the appropriation of the fund
which the taxes are to produce, it prevents those taxes
from being repealed.

Of the 98 years that have elapsed since the commencement
of the present century we have had exactly 3 years of war for every
4 of peace. Take 44, (the medium in even numbers between 33 the shortest
term and 54 the longest) as the length of the period during to the end of
which the existing mass of taxes must continue, we have to expect in
even numbers for 24 years of peace, 18 years of war: at
year 1 1/2 3 million of fresh taxes for 18 years makes 54 millions
a year of fresh taxes which we must have become able
to bear by the end of the period in addition to the
for the mere payment of the annuities, [+] [+] in addition to the £18,000,000 millions of taxes already appropriated to that purpose || || 24 Report p. 11 17,795,160 Grant 67,200,000 Loans 497,735 Exch. Bills 375,456. besides over and above those maintained
for the defraying the charge of government.


Call Set down that year as an extraordinary one - set down
the additional annual supply requisite at no more than
2 million instead of 3, set down 36 millions <add>or even 25 instead of the 54</add> the difference to the argument
will scarce be affected by it

||24 Report: p.11 17,795:260 Grant 7,200,000 Ship Loan 497,736 Exch. Bills 379,456




Identifier: | JB/107/169/001
"JB/" can not be assigned to a declared number type with value 107.

Date_1

Marginal Summary Numbering

Box

107

Main Headings

Folio number

169

Info in main headings field

political prospects

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

e2

Penner

jeremy bentham

Watermarks

Marginals

Paper Producer

Corrections

Paper Produced in Year

Notes public

ID Number

35160

Box Contents

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