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to the <del><gap/></del> comparative <sic>depretiation</sic> of an Exchequer | to the <del><gap/></del> comparative <sic>depretiation</sic> of an Exchequer | ||
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Bill . To be adapted to general circulation an engagement | Bill. To be adapted to general circulation an engagement | ||
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of this sort <add>as to the contents of it upon <del><gap/></del> a level</add> , ought to be such <del>as is</del> if possible | of this sort <add>as to the contents of it upon <del><gap/></del> a level</add>, ought to be such <del>as is</del> if possible | ||
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as every body of a condition high enough to have properly | as every body of a condition high enough to have properly | ||
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to such an amount pass through his hands will | to such an amount pass through his hands will | ||
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be able without effort to apprehend . The engagement taken | be able without effort to apprehend. The engagement taken | ||
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by the Bank , a promise on the part of an individual | by the Bank, a promise on the part of an individual | ||
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to pay the sum in question on demand and to <add>that</add> | to pay the sum in question on demand and to <add>that</add> | ||
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<add>the Bearer , to</add> any individual by whom the instrument of engagement | <add>the Bearer, to</add> any individual by whom the instrument of engagement | ||
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shall be produced fulfills <add>possesses this property</add> that condition in the highest degree | shall be produced fulfills <add>possesses this property</add> that condition in the highest degree | ||
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in keeping down the terms of the engagement <add>considerably</add> below | in keeping down the terms of the engagement <add>considerably</add> below | ||
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<add>the</add> that mark <add>point</add> of perfection . It is to be paid indeed , <del>by</del> <add>to</add> the | <add>the</add> that mark <add>point</add> of perfection. It is to be paid indeed, <del>by</del> <add>to</add> the | ||
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Bearer , that is if it be paid at all. But will it be paid | Bearer, that is if it be paid at all. But will it be paid | ||
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at all ? — This appears to depend upon a variety of contingencies . viz: 1. if Aids happen to be granted for the | at all? — This appears to depend upon a variety of contingencies. viz: 1. if Aids happen to be granted for the | ||
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<add><del><gap/></del></add> service of the next year , then out of the first of such Aids. | <add><del><gap/></del></add> service of the next year, then out of the first of such Aids. | ||
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But <del>it is stated</del> will any such Aids be granted ? — This | But <del>it is stated</del> will any such Aids be granted ? — This | ||
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is expressly stated to be a matter of uncertainty : it is stated | is expressly stated to be a matter of uncertainty: it is stated | ||
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that perhaps no such Aids may be granted before the 5<hi rend='superscript'>th</hi> | that perhaps no such Aids may be granted before the 5<hi rend='superscript'>th</hi> | ||
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of July in the next year : <del>making</del> provision <add>is</add> accordingly made | of July in the next year: <del>making</del> provision <add>is</add> accordingly made | ||
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for that contingency , and if no such Aids then the money | for that contingency, and if no such Aids then the money | ||
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is to be paid out of a fund called the Consolidated Fund. | is to be paid out of a fund called the Consolidated Fund. | ||
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But if paid out of this consolidated Fund , when is it to | But if paid out of this consolidated Fund, when is it to | ||
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be paid ? and where ? and by whom ? — These are questions <add>it</add> | be paid? and where? and by whom? — These are questions <add>it</add> | ||
<lb/></p> | <lb/></p> | ||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} |
25 Cause &c
15 The want of simplicity and certainty in respect of the terms of payment seems to have some share in the producing the effect The comparative want of simplicity in respect of
the terms and mode of payment in comparison of
a Bank Note can not but contribute have some share in some degree
to the comparative depretiation of an Exchequer
Bill. To be adapted to general circulation an engagement
of this sort as to the contents of it upon a level, ought to be such as is if possible
as every body of a condition high enough to have properly
to such an amount pass through his hands will
be able without effort to apprehend. The engagement taken
by the Bank, a promise on the part of an individual
to pay the sum in question on demand and to that
the Bearer, to any individual by whom the instrument of engagement
shall be produced fulfills possesses this property that condition in the highest degree
of perfection that can be conceived. In the instance
of the Exchequer Bill several circumstances conditions <add>articles</add> concurr
in keeping down the terms of the engagement considerably below
the that mark point of perfection. It is to be paid indeed, by to the
Bearer, that is if it be paid at all. But will it be paid
at all? — This appears to depend upon a variety of contingencies. viz: 1. if Aids happen to be granted for the
service of the next year, then out of the first of such Aids.
But it is stated will any such Aids be granted ? — This
is expressly stated to be a matter of uncertainty: it is stated
that perhaps no such Aids may be granted before the 5th
of July in the next year: making provision is accordingly made
for that contingency, and if no such Aids then the money
is to be paid out of a fund called the Consolidated Fund.
But if paid out of this consolidated Fund, when is it to
be paid? and where? and by whom? — These are questions it
Identifier: | JB/002/343/001"JB/" can not be assigned to a declared number type with value 2. |
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15 |
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002 |
Annuity Notes |
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343 |
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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. |
E25 |
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Jeremy Bentham |
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1082 |
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