JB/118/408/001

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13 Sept. 1812
To Ld Sidmouth

Note (b) p. 2.

(b) In the character of a principle of economy, applicable
in practice to no inconsiderable extent, I would beg
leave also to submitt, whether the unfrugality of those
expenditure might not also be worth the attach a
be found to have some choice to upon the attention of Mr Vansittart.
Some years ago my Brother, in his official capacity,
had found such occasion to use his endeavours to
to this subject the attention of his superiors: – I know
not with what fruit. – If, on a work, which capable
of being compleated in two one year, you distribute the
expenditure in equal portions among ten years, yo
so much the consequence is – that for every year but the last, interest of money
in the shape of interest upon capital advanced is expended in waste, and every half year but the
last in the shape of compound interest. If I do not
misrecollect my Brother found in this way upon
single article a waste of – I am afraid to say of how
much – I believe some millions certainly some hundreds of thousands. – "If the work be such
"as is capable of being compleated in a year, rather
"than begin it immediately and keep on bestowing upon it
"a tenth part of it the same money every year, some pass a resolution
"relative to it, if you please now, but do not begin
"it till the year where you could yourself as well all
might to afford the whole of it "it, till some year, though
"it be were the last of the ten, when it appears to you that on which you have settled with yourself
"that you can afford to disburse the whole of it." – In some
such words, if I do not misrecollect the matter, the one
may be might

Identifier: | JB/118/408/001 "JB/" can not be assigned to a declared number type with value 118.
Date_1	1812-09-13	Marginal Summary Numbering
Box	118	Main Headings	panopticon
Folio number	408	Info in main headings field	to ld sidmouth
Image	001	Titles	note (b) p. 2
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	a12 / b2*** / e2*** / f12
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public	draft of enclosure to letter 2190, vol. 8	ID Number	39462
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