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<head>16</head><!-- right-aligned and written in pencil --> | |||
<head>1 <note>Annuity Notes</note></head><!-- heading and note in pencil --> | |||
<p><!-- indented --><note><unclear>Elucidations</unclear></note> <note>[25] continued Probability that the number of Notes for which payment of interest is demanded, will be but Small.</note><!-- written in pencil --> The means of obtaining payment, if demanded, | |||
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must of course be provided: and the provision made | |||
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must be such as shall be adequate to the greatest | |||
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possible number of demands that can come to be | |||
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made. But, what is very material, and worthy of | |||
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remark is — the probability that the <add>eventual</add> number<!-- deleted in pencil --> of | |||
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demands will<!-- deleted in pencil --> in comparison of the greatest possible | |||
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number <add>of demands</add>, that is if the whole number of notes issued | |||
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from the commencement of the institution down to | |||
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any given year <del>by</del> the <add>eventual</add> number [<del>of demands</del>]<!-- opening and closing brackets, and deletion in pencil --> will <add>may</add> | |||
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<add>cause to be but few,</add> it sums likely to suppose be comparatively inconsiderable. | |||
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Payment of principal and interest | |||
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together, if that be what a man wants, he will | |||
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obtain if some individual, <del>in the</del> by <add>by passing the</add> a <sic>manual</sic> | |||
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transfer of the Note <add>note from hand to hand</add> with still less trouble than | |||
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from government. Interest without Principal — | |||
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the <del>sum</del> small sum <unclear>comprising</unclear> the interest of one | |||
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of these notes for a year a man will seldom have <add>it will seldom happen to a</add> | |||
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<add>man to have</add> occasion for: in so far as he betakes himself | |||
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to this expedient, in so far a man departs from the | |||
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plan of accumulation: and this for the sake of a | |||
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mass of income, <del>to</del> scarce considerable enough | |||
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to constitute an <unclear><sic>adequant</sic></unclear> <add><gap/></add> motive. If the receipt | |||
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of a sum, thus small be really an object to a | |||
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man, it will <add>can</add> scarcely be so, but by reason of the | |||
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pressure of some temporary demand: but if the | |||
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demand be but temporary, a mode <add>an easier course</add> of satisfaction | |||
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easier than that of receiving the interest due on the | |||
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Note, will be to pledge it for a time with somebody | |||
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for the sum desired. If the number of Notes | |||
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of this kind possessed by a single individual be | |||
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of such a magnitude, that the interest upon the whole | |||
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number be a sum <del>old</del> equal to the value of one such | |||
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note, a <del>reader</del> mode in which the amount of that sum may <add>be</add> | |||
<lb/></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
16
1 Annuity Notes
Elucidations [25] continued Probability that the number of Notes for which payment of interest is demanded, will be but Small. The means of obtaining payment, if demanded,
must of course be provided: and the provision made
must be such as shall be adequate to the greatest
possible number of demands that can come to be
made. But, what is very material, and worthy of
remark is — the probability that the eventual number of
demands will in comparison of the greatest possible
number of demands, that is if the whole number of notes issued
from the commencement of the institution down to
any given year by the eventual number [of demands] will may
cause to be but few, it sums likely to suppose be comparatively inconsiderable.
Payment of principal and interest
together, if that be what a man wants, he will
obtain if some individual, in the by by passing the a manual
transfer of the Note note from hand to hand with still less trouble than
from government. Interest without Principal —
the sum small sum comprising the interest of one
of these notes for a year a man will seldom have it will seldom happen to a
man to have occasion for: in so far as he betakes himself
to this expedient, in so far a man departs from the
plan of accumulation: and this for the sake of a
mass of income, to scarce considerable enough
to constitute an adequant motive. If the receipt
of a sum, thus small be really an object to a
man, it will can scarcely be so, but by reason of the
pressure of some temporary demand: but if the
demand be but temporary, a mode an easier course of satisfaction
easier than that of receiving the interest due on the
Note, will be to pledge it for a time with somebody
for the sum desired. If the number of Notes
of this kind possessed by a single individual be
of such a magnitude, that the interest upon the whole
number be a sum old equal to the value of one such
note, a reader mode in which the amount of that sum may be
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Identifier: | JB/002/150/001"JB/" can not be assigned to a declared number type with value 2. |
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[[marginal_summary_numbering::[25] continued]] |
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002 |
annuity notes |
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150 |
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001 |
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text sheet |
1 |
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recto |
d16 / e1 |
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jeremy bentham |
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889 |
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