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<note>What is cancelled | <p><note>What is cancelled has been <sic>employ'd</sic> in <hi rend='underline'>Abstract</hi></note><!-- The preceding note is written in red ink. The following heading, note, and first two sentences, through the word measure, are struck out with red diagonal lines. --> | ||
13. Profit in respect of Exchequer Bills.<lb/>><add><!-- note symbol --></add><note><!-- note symbol -->Securing the nation<add>altogether</add> for ever against the recurrence of <del>such</del> an occasional and temporary charge of this nature is what could <del>not</del> no otherwise be done than by <del>the </del> creation of a perpetual charge to the same amount. </note> | |||
will always be to be had by the creation of Stock<lb/> Annuities at the same rate of interest as that<lb/> which is afforded by the <hi rend='underline'>closed</hi> issue. The <del>money</del><add>debt</add><lb/>thus created will be repaid as the means come<lb/>in with the money received for | The utmost profit that can be made relative to this <lb/> head is the reducing the <del>rate of</del> interest on currency<lb/> thus borrowed under a prospect of speedy repayment<lb/>to <del>the</del> a rate not exceeding that on which money<lb/>has been obtained in exchange for perpetual Annuities. <lb/> A <add>perpetual</add> profit to this amount will be among<lb/>the advantages of the proposed measure. Money<lb/> <del>in su</del> to an amount sufficient for such purposes<lb/> | ||
It would be bad economy to make a perpetual<lb/> loan to a certain amount (or, what comes<lb/> to the same thing to keep <add>perpetually</add> in hand a sum to <del> | will always be to be had by the creation of Stock<lb/> Annuities at the same rate of interest as that<lb/> which is afforded by the <hi rend='underline'>closed</hi> issue. The <del>money</del><add>debt</add><lb/>thus created will be repaid as the means come<lb/>in with the money received for paper of the<lb/> <hi rend='underline'>open</hi> issue. <del>The</del> So long as it takes, to effect<lb/> the redemption of this quantity of Stock, so long<lb/>will the paper of the third issue be protected <lb/><del>against from</del> against <del>being</del> the like fate: and<lb/> so long will the reduction that would otherwise<lb/> be made in the rate of interest on Government<lb/> Annuities (i.e. the reduction from the rate afforded<lb/>by the closed issue to the rate afforded by the<lb/> open issue) be <add>at a stand</add> retarded.<lb/></p> | ||
<!-- The following paragraph and its notes are stricken out with diagonal lines --> | |||
<p>It would be bad economy to make a perpetual<lb/> loan to a certain amount (or, what comes<lb/> to the same thing to keep <add>perpetually</add> in hand a sum to the<lb/><del>said</del> same amount lying dead<!-- note symbol -->), | |||
<note><!-- note symbol--><del>A The</del> since by the application of that money a proportionally mass of such perpetual debt might be expunged.</note> in order to save occasional<lb/> loans to the same amount and at the<lb/> same rate. The utmost <add>maximum of</add> | |||
advantage <add>obtainable</add> that can be<lb/> obtained under this head is to keep the rate of<lb/> interest on such temporary loans <del>above </del> from rising above<lb/> the rate paid in respect of perpetual loans: and an<add>advantage <!-- note symbol --></add><note><!-- note symbol -->advantage to this effect may be seen to be among the advantages of the proposed measure which the nature of things will admit of </note><lb/></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
What is cancelled has been employ'd in Abstract
13. Profit in respect of Exchequer Bills.
>Securing the nationaltogether for ever against the recurrence of such an occasional and temporary charge of this nature is what could not no otherwise be done than by the creation of a perpetual charge to the same amount.
The utmost profit that can be made relative to this
head is the reducing the rate of interest on currency
thus borrowed under a prospect of speedy repayment
to the a rate not exceeding that on which money
has been obtained in exchange for perpetual Annuities.
A perpetual profit to this amount will be among
the advantages of the proposed measure. Money
in su to an amount sufficient for such purposes
will always be to be had by the creation of Stock
Annuities at the same rate of interest as that
which is afforded by the closed issue. The moneydebt
thus created will be repaid as the means come
in with the money received for paper of the
open issue. The So long as it takes, to effect
the redemption of this quantity of Stock, so long
will the paper of the third issue be protected
against from against being the like fate: and
so long will the reduction that would otherwise
be made in the rate of interest on Government
Annuities (i.e. the reduction from the rate afforded
by the closed issue to the rate afforded by the
open issue) be at a stand retarded.
It would be bad economy to make a perpetual
loan to a certain amount (or, what comes
to the same thing to keep perpetually in hand a sum to the
said same amount lying dead),
A The since by the application of that money a proportionally mass of such perpetual debt might be expunged. in order to save occasional
loans to the same amount and at the
same rate. The utmost maximum of
advantage obtainable that can be
obtained under this head is to keep the rate of
interest on such temporary loans above from rising above
the rate paid in respect of perpetual loans: and anadvantage advantage to this effect may be seen to be among the advantages of the proposed measure which the nature of things will admit of
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Identifier: | JB/002/100/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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100 |
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001 |
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text sheet |
1 |
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recto |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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839 |
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