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15 3
Observations Leading Points
Note A
My hope and expectation is to be able to set As to the age, Sixty-five years of age I pitch upon as the latest period
to which the pr commencement of the Annuity provision for old
Age shall be deferred.
To find this minimum, I f begin with
finding the average of the annuities that according
to a proper rate of interest and according
to a proper table of the probabilities of
life might to be respectively granted all of them to commence at the above
period, in cases whatever be their present to persons of their respective ages, in
consideration of the present contributions beginning at an at the
time of their several receptions, and continued during
the continuance of their respective terms. As
the minimum is to be what those are to have who are
to have least, it must consequently be more or less
below this average.
As to the minimum abovementioned What pitch I can set it at
it is impossible for me as yet to say to a pound or two, as yet, or indeed
till the respective ages of the annuitants come
to be individually ascertained: not to mention the
quantum of their earnings and my ability to
find a market for the produce of their labour, two
points on which every thing must depend. [+] After looking at
the calculations, My
hope is to be able to set it at £10, or at least as high
as £8: which I believe is some shillings
more than the pension allowed to provided for a Chelsea
Out-pensioner. for a person of 21 years of age
would for a an annual contribution continued for 7 years
to
Identifier: | JB/124/015/001 "JB/" can not be assigned to a declared number type with value 124.
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jeremy bentham |
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