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<p> 14 <sic>Aug.</sic> 1800 + <sic>Art.</sic> 20 <note><del>29</del> 30</note><lb/>6 <note>Abstract</note></p> <p> <note> Conversion<lb/> 21<lb/> The Preference<lb/> proposed for the<lb/> holders of 4 & 5<lb/> per Cents</note></p><p>Even the owners of the 4 and 5 per Cents<lb/>might find in this arrangement, not only an <del>encouragement</del> <add>inducement</add><lb/>to come in <sic>chearfully,</sic> into the measure,<lb/>but such a compensation, or at least mitigation,<lb/><add>in respect</add> of their loss, as, on the score of humanity<lb/>(for strict <hi rend='underline'>justice</hi> is out of the question) may perhaps<lb/>not be disapproved. For such of them as<lb/>shall <add>have</add> come in by a term to be fixed, the highest<lb/>classes <del> might be allotted</del> <add>may be reserved</add>, in preference even to<lb/>the earliest subscribers of the 3 per Cents: the 5 per<lb/> | |||
Cents being ranked <add>in this respect</add> above the 4 per Cents.</p><p>As the purchasers of these extra-interest Annuities<lb/>have had the less to pay for them, <del>in proportion</del> <add>on account</add><lb/>of the purpose of their redemption, insomuch that, <add>at a time when</add><lb/><del><gap /> that <add>when</add></del> 3 per cents are at 64, even 5 per Cents<lb/>are 3 per Cent below par, the <del>reduction</del> <add>redemption</add> might<lb/>under the above terms be, in appearance at least,<lb/>rather profitable than otherwise; and really and<lb/>indisputably profitable, on the <unclear>inclusion</unclear> of all such<lb/>as at the time in question would <del>be inclining</del> <add>have been disposed</add> to<lb/>employ their money in other ways.</p> <p> <note>22<lb/> Provision for persons<lb/> abroad?</note></p><p>Even in the case of such as were prevented<lb/>by distance from subscribing within the term, an expedient<lb/> might perhaps be found for preserving the<lb/>individuals as with as the public from being deprived<lb/>of the advantage; <del>pr</del> Stockholders for example resident<lb/> in, or on a voyage to or from, the East or West Indies.<lb/> At the instance of a spontaneous through unauthorized<lb/> Agent of a person so circumstanced <hi rend="superscript">[+]1</hi> <note> [+1] he might be admitted to the benefit of the subscription</note> the portion of Stock<lb/>Annuities <gap/>, and the <del>correspond.</del> amount in Annuity<lb/>Notes kept in deposit for him at the Office of <del>the</del> <add> such</add> Agent<lb/> | |||
<add> undertaking</add> [+] 2 <lb/> <note>[+] 2 undertaking <del><gap/></del> <add> to </add><lb/>indemnify the<lb/> <unclear>promisser</unclear> <del><gap/></del> <lb/>against <hi rend="underline">any</hi> loss<lb/> by the Subscription<lb/> and finding such sufficient<lb/>security <del> for <lb/><gap/></del> <add> the fulfilment of the undertaking</add><lb/> as shall be <del><gap/> <gap/></del> <add> appointed</add> for that purpose.</note></p> | |||
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14 Aug. 1800 + Art. 20 29 30
6 Abstract
Conversion
21
The Preference
proposed for the
holders of 4 & 5
per Cents
Even the owners of the 4 and 5 per Cents
might find in this arrangement, not only an encouragement inducement
to come in chearfully, into the measure,
but such a compensation, or at least mitigation,
in respect of their loss, as, on the score of humanity
(for strict justice is out of the question) may perhaps
not be disapproved. For such of them as
shall have come in by a term to be fixed, the highest
classes might be allotted may be reserved, in preference even to
the earliest subscribers of the 3 per Cents: the 5 per
Cents being ranked in this respect above the 4 per Cents.
As the purchasers of these extra-interest Annuities
have had the less to pay for them, in proportion on account
of the purpose of their redemption, insomuch that, at a time when
that when 3 per cents are at 64, even 5 per Cents
are 3 per Cent below par, the reduction redemption might
under the above terms be, in appearance at least,
rather profitable than otherwise; and really and
indisputably profitable, on the inclusion of all such
as at the time in question would be inclining have been disposed to
employ their money in other ways.
22
Provision for persons
abroad?
Even in the case of such as were prevented
by distance from subscribing within the term, an expedient
might perhaps be found for preserving the
individuals as with as the public from being deprived
of the advantage; pr Stockholders for example resident
in, or on a voyage to or from, the East or West Indies.
At the instance of a spontaneous through unauthorized
Agent of a person so circumstanced [+]1 [+1] he might be admitted to the benefit of the subscription the portion of Stock
Annuities , and the correspond. amount in Annuity
Notes kept in deposit for him at the Office of the such Agent
undertaking [+] 2
[+] 2 undertaking to
indemnify the
promisser
against any loss
by the Subscription
and finding such sufficient
security for
the fulfilment of the undertaking
as shall be appointed for that purpose.
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Identifier: | JB/002/074/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-08-14 |
21-22 |
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002 |
annuity notes |
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074 |
art. 20 |
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001 |
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text sheet |
1 |
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recto |
e6 / f29 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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813 |
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