JB/118/365/001

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Mr Bentham's losses and sufferings may be referred to the following
heads –

1. Sacrifice of his paternal Estate inheritance in fee simple, in the first place at first
to the private manufacturing concern, and thereafter together with
that concern itself, at the joint instance of the First Lord of the Treasury
and the Secretary of State (as stated in his uncontradicted evidence to the Finance Committee of 1797-8 Report and to the object of finding profitable employment
or prisoners.

6 Decr 1792 Rental £512, mostly set neat rents Value
as estimated by the Auctioneer Mr Young of Chancery Lane, in the way of private advice, for the purpose
of the Auction, £14,450 money of that time. if so Out of ten (the
number of the lots) are three sold for exactly the money it they had been valued
at , exception sold each of the them , could not be sold them at, two for less, two for more: these were bought in
the valuation therefore was not excessive. the whole therefore can not be charged with being excessive: one was
afterwards sold by private contract for a little less than what it had been so valued at: another for
very considerably less. The articles that remained unsold were kept from sale by
the improvident length of the leases. The two principal lot had at
that time 34 years to run; the next to that, 26.

Under these circumstances, considering the great advance with such
of it parity not that has since taken place in the rent of land, it is not will not (it is hoped) be thought unreasonable, if that that £14,450 should
be stated as the amount of the valuation of value of the property so sacrificed in the shape of capital.
Upon an exact a particular account some amounts would be to be made
on both sides: viz additions and deductions: but on either the ballance
could not on either side amount to so much as £570⊞ ⊞ being the excess of the money thus sacrificed over the money received from government as below. This therefore may
to the present purpose be neglected.

2. Sacrifice of the profit of trade expectable for so many years and during the
number of years in question on that capital. By Mr Rose, in his pamphlet
on the entitled
12 or 15 per Cent is stated as the rate of profit: but this
is the ordinary rate: and the lands in question being, all of it, the
result of a system of mechanical inventions the monopoly
serviced by patent (for, in any ordinary trade, neither Mr B.
nor his Brother who at that time Commander of a Regiment of 2000 in the Russian
Service, and later in that Chamber had them lately distinguished himself in that Chamber by the most
and essential services would not either of them have embarked) the highest
of those would be simple be but a low rate for the concern in question.

Identifier: | JB/118/365/001 "JB/" can not be assigned to a declared number type with value 118.
Date_1		Marginal Summary Numbering
Box	118	Main Headings	panopticon
Folio number	365	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f2
Penner	jeremy bentham	Watermarks	th 1806
Marginals		Paper Producer	andre morellet
Corrections	john herbert koe	Paper Produced in Year	1806
Notes public		ID Number	39419
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