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<head>124</head> | <head>124</head> | ||
<head>Ch. X. <hi rend='underline'>Financial Advantages</hi> <del><unclear> | <head>Ch. X. <hi rend='underline'>Financial Advantages</hi> <del><unclear>continued</unclear></del> <hi rend='underline'>War Loans.</hi> | ||
</head> | </head> | ||
<head><del>Profit in respect of War Loans.</del></head> | <head><del>Profit in respect of War Loans.</del></head> | ||
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<p> | <p> | ||
The price which the subscribers to a <del>war</del> <add>new</add> loan will | |||
<lb/> | <lb/> | ||
find it necessary, as well as worth their while, to give, for | find it necessary, as well as worth their while, to give, for | ||
<lb/> | <lb/> | ||
the new <add | the new <add>fresh</add> mass of Annuities about to be created, will <add>are</add> be | ||
<lb/> | <lb/> | ||
nearly the same <add>never be much less than</add>, as that which people in general are | nearly the same <add>never be much less than</add>, as that which people in general are | ||
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content to take <add>give</add> for an equal mass of Annuities <del>already | content to take <add>give</add> for an equal mass of Annuities <del>already | ||
<lb/> | <lb/> | ||
in | in existence</del>. By so many, per Cent <del>than</del> as the | ||
<lb/> | <lb/> | ||
<add>market</add> price of Old Annuities is raised by any cause, by | <add>market</add> price of Old Annuities is raised by any cause, by | ||
<lb/> | <lb/> | ||
so many per cent <del>will</del> <add>(it is | so many per cent <del>will</del> <add>(it is well known) is</add> the price of New Annuities | ||
<lb/> | <lb/> | ||
<del>be raised</del> <add>raised to those who give money for them to Government,</add>, (i | <del>be raised</del> <add>raised to those who give money for them to Government,</add>, (i:e: the terms of the loan bettered) by that same | ||
<lb/> | <lb/> | ||
cause: because, <del>as the value <del><add>of old and new</add></del> is just the same,</del> | cause: because, <del>as the value <del><add>of old and new</add></del> is just the same,</del> | ||
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<add>since</add> in between old and New <add>the value is just the same,</add> it would be in vain for any man | <add>since</add> in between old and New <add>the value is just the same,</add> it would be in vain for any man | ||
<lb/> | <lb/> | ||
or set of men to insist upon a <add>any considerable | or set of men to insist upon a <add>any considerable price</add> <del>higher price</del> greater | ||
<lb/> | <lb/> | ||
<add>price in annuities</add> <del>quantity of that commodity</del> for their money, <note>(<del>after</del> allowance made for depreciation by | <add>price in annuities</add> <del>quantity of that commodity</del> for their money, <note>(<del>after</del> allowance made for depreciation by increase of quantity, and for <del>contractors'</del> <add>dealers'</add> profit)</note> than people | ||
<lb/> | <lb/> | ||
in general are | in general are disposed to take for theirs<lb/><!-- closing speech marks? -->. <add>Whatever</add> | ||
</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
124 Ch. X. Financial Advantages continued War Loans. Profit in respect of War Loans.
The price which the subscribers to a war new loan will
find it necessary, as well as worth their while, to give, for
the new fresh mass of Annuities about to be created, will are be
nearly the same never be much less than, as that which people in general are
content to take give for an equal mass of Annuities already
in existence. By so many, per Cent than as the
market price of Old Annuities is raised by any cause, by
so many per cent will (it is well known) is the price of New Annuities
be raised raised to those who give money for them to Government,, (i:e: the terms of the loan bettered) by that same
cause: because, as the value of old and new is just the same,
since in between old and New the value is just the same, it would be in vain for any man
or set of men to insist upon a any considerable price higher price greater
price in annuities quantity of that commodity for their money, (after allowance made for depreciation by increase of quantity, and for contractors' dealers' profit) than people
in general are disposed to take for theirs
. Whatever
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1800-26"1800-26" contains a sequence that could not be interpreted against an available match matrix for date components. |
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annuity notes |
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222 |
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ch. x financial advantages / war loans |
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f124 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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961 |
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