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2. Promise to Subscribers to the amount of the difference
between the mass of annuity abundant in
£100 worth of Stock Annuity 3 per Cent (£3) and that attendant
on £100 worth of Note Annuities 3 per Cents (£2:19:4 3/4)
viz: 7 1/4. Capital answering to that quantity of
interest at £3 per Cent, is £1. 1 1/2 a little less than £4. say £2.
or equal to per Cent The indivisible advantage attendant on the Net Annuity
form in comparison of the Stock or Book
Annuity form would might then be obtained enjoyed gratis: by a
set of persons who sooner or later would find themselves
subject to give up altogether the advantage that attendant on the possession of
pay the price for them.
the holders of the 4 and 5 per Cents
would come in if they saw the way should be there
by the paying of the 25 millions
of 3 per Cents, and further funds coming rolling in with rapidity
for the de (by the sale of Annuity Lists to other customers)
for the purchase and of those extra rated Annuities.
It were to be wished that the Annuitants whose
were to suffer these having a reduction were to be
stand exempted in the first place from any further defalcations
of the same kind.
To render the manifestations made in the
course of it intelligible I know not how to avoid
now troubling your Lordship in this place with
the copy of a latter addressed by me to the
Honourable
Identifier: | JB/117/249/002 "JB/" can not be assigned to a declared number type with value 117.
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117 |
panopticon |
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249 |
panopt. narrative |
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002 |
treasury reports / admiralty reports |
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correspondence |
1 |
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recto |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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probably not sent; see note 17 to letter 1724, vol. 7 |
38866 |
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