JB/002/174/001

File:JB 002 174 001.jpg

1. As to the first of these three branches of profit
what the probably annual amount may be is fearfully
compleatly
out of the knowledge of the writer of these papers, but as compleatly within the knowledge of
those to whom they are addressed: I mean in so
far as the past is capable in this respect capable
of serving as a guide to the future. Add together
the 365 scenes respectively existing in the Exchequer
in the 365 days of the Year, and divide the sum
by 365: the half of the quotient will be the principal,
the interest of which will thus in the course
of the year be gained or saved to government,
supposing the whole of the money to be in the shape of Annuity
Notes. From this gross amount of principal will
require to be deducted that portion the amount of that proportion of money which
is upon an average in the shape of cash: but
this proportion is capable of being calculated with
tolerable precision, even by the public at large, from
the sigh information that has been given on this head
in the evidence laid before the two Houses of Parliament
in or about the month of March 1797 on the inquiry into the affairs
of the Bank. The ratio of paper to cash will
in the supposed period be at any rate at least as
great as in any past period: and in past periods
upon an average it appears to be very great indeed.
In the supposed period it on will naturally,
and

Identifier: | JB/002/174/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	16
Box	002	Main Headings	annuity notes
Folio number	174	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e2 / f16
Penner	jeremy bentham	Watermarks	<…>m 1798
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	913
Box Contents