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<p><del>extinguishes <!-- pound symbol -->1.9:6<hi rend='superscript'>d</hi> a year interest: whereas<lb/> if paid in the sum of interest it extinguishes<lb/> so much interest, but nothing more</del></p> | <p><del>extinguishes <!-- pound symbol -->1.9:6<hi rend='superscript'>d</hi> a year interest: whereas<lb/> if paid in the sum of interest it extinguishes<lb/> so much interest, but nothing more</del></p> | ||
<p><!-- indent --> | <p><!-- indent --> | ||
The <add><sic>undemanded</sic></add> interest (it might be thought) might <lb/>in this way come 1. accumulate to such a mass,<lb/> as might be productive of inconvenience, if, by <lb/>a sudden turn of affairs, it were to become <del>the<lb/> interest</del> a matter of advantage to the whole<lb/> body of | The <add><sic>undemanded</sic></add> interest (it might be thought) might <lb/>in this way come 1. accumulate to such a mass,<lb/> as might be productive of inconvenience, if, by <lb/>a sudden turn of affairs, it were to become <del>the<lb/> interest</del> a matter of advantage to the whole<lb/> body of accountants to claim payment of it<lb/> at once. But, <del>no such inconvenience could <lb/>swell to an amount worth regarding.</del> <add>on a second glance, the inconvenience<lb/> would <del>vanish</del> be seen to vanish altogether.</add> Supposing<lb/> <add>as before</add> the amount of the paper 20 millions; <add>note of</add> interest<lb/> <del>being at</del> <!-- pound symbol -->1.9<hi rend='superscript'>s</hi>:6<hi rend='superscript'>d</hi>: the whole amount of a <lb/> years interest would <add>thus</add> be short of <!-- pound symbol -->300,000.<lb/> <del>As it would be </del><add>Being</add> <hi rend='underline'>simple</hi> interest, not <hi rend='underline'>compound,</hi><lb/> the whole amount of it in 20 years would be<lb/> short of 6 million, supposing the whole of it<lb/> to remain <sic>undemanded</sic> and the principal undiminished<lb/> at that time. No <sic>spece</sic> <add><del>(<gap/> <gap/> <unclear>seen</unclear>:)</del></add> <del>could carry </del><lb/> more than its own interest: <add>(it has been seen<hi rend='superscript'>+</hi>)can carry</add> | ||
<note><hi rend='superscript'>+</hi> </note> | <note><hi rend='superscript'>+</hi> </note> | ||
<gap/> because,<lb/> as the open <sic>spece</sic> fills, the <add>paper of the</add> <unclear>close</unclear> <sic>spece</sic> is paid<lb/> off, interest and principal together. <hi rend='underline'><unclear>Respite</unclear></hi><lb/> is indeed proposed: but the term of respite need<lb/> not be so <hi rend='underline'>long</hi>, as to <gap/> government from<lb/> providing such a course of redemption, <del>as</del><lb/> should <del>at the same time</del> word of <del>the</del> <add>and</add> <unclear>inconvenience</unclear><lb/> <add>that might ensue</add> on too sudden <del><unclear>defalcation</unclear> from</del> <add>diminution of</add> this<lb/> <unclear>first</unclear> of the <gap/>, and at the same time prevent<lb/> <del>the amount of</del> the amount of the interest from swelling to <del>such</del><lb/> any <del>formidable mass amounting</del> such amount as to<lb/> become formidable. At the worst <del><!-- pound symbol -->6,000,000 is </del> such a<lb/> | <gap/> because,<lb/> as the open <sic>spece</sic> fills, the <add>paper of the</add> <unclear>close</unclear> <sic>spece</sic> is paid<lb/> off, interest and principal together. <hi rend='underline'><unclear>Respite</unclear></hi><lb/> is indeed proposed: but the term of respite need<lb/> not be so <hi rend='underline'>long</hi>, as to <gap/> government from<lb/> providing such a course of redemption, <del>as</del><lb/> should <del>at the same time</del> word of <del>the</del> <add>and</add> <unclear>inconvenience</unclear><lb/> <add>that might ensue</add> on too sudden <del><unclear>defalcation</unclear> from</del> <add>diminution of</add> this<lb/> <unclear>first</unclear> of the <gap/>, and at the same time prevent<lb/> <del>the amount of</del> the amount of the interest from swelling to <del>such</del><lb/> any <del>formidable mass amounting</del> such amount as to<lb/> become formidable. At the worst <del><!-- pound symbol -->6,000,000 is </del> such a<lb/> | ||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
extinguishes 1.9:6d a year interest: whereas
if paid in the sum of interest it extinguishes
so much interest, but nothing more
The undemanded interest (it might be thought) might
in this way come 1. accumulate to such a mass,
as might be productive of inconvenience, if, by
a sudden turn of affairs, it were to become the
interest a matter of advantage to the whole
body of accountants to claim payment of it
at once. But, no such inconvenience could
swell to an amount worth regarding. on a second glance, the inconvenience
would vanish be seen to vanish altogether. Supposing
as before the amount of the paper 20 millions; note of interest
being at 1.9s:6d: the whole amount of a
years interest would thus be short of 300,000.
As it would be Being simple interest, not compound,
the whole amount of it in 20 years would be
short of 6 million, supposing the whole of it
to remain undemanded and the principal undiminished
at that time. No spece ( seen:) could carry
more than its own interest: (it has been seen+)can carry
+
because,
as the open spece fills, the paper of the close spece is paid
off, interest and principal together. Respite
is indeed proposed: but the term of respite need
not be so long, as to government from
providing such a course of redemption, as
should at the same time word of the and inconvenience
that might ensue on too sudden defalcation from diminution of this
first of the , and at the same time prevent
the amount of the amount of the interest from swelling to such
any formidable mass amounting such amount as to
become formidable. At the worst 6,000,000 is such a
period, +
+period, interest so low & money so abundant, 6,000,000 would be but a trifle to raise by an immediate and temporary loan, as now by Exchequer Bills
End of the chapter
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Identifier: | JB/002/220/001"JB/" can not be assigned to a declared number type with value 2. |
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13 |
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002 |
Annuity Notes |
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220 |
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001 |
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Text sheet |
1 |
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Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property. |
E11 / F122 |
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Jeremy Bentham |
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959 |
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