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<head>Art. 20<lb/> 4</head> | |||
<p>In matters of government more especially precedent <del>gives</del> <lb/>affords a degree of <add>prompt</add> satisfaction to the mind, beyond any <lb/> that can be given by the <add>any, <gap/>many an</add> most impressive charm of abstract <lb/>reasoning.</p> | |||
<p>In <del>the</del> regard to the principle of selection, the following<lb/> is a statement of the courses that appear<lb/> to have been pursued.</p> | |||
<p>The being included in an operation of this kind<lb/> will be <add>have been</add> matter of advantage or disadvantage or <lb/>indifference, according as the <add>market</add> price of the article in <lb/>question has happened to be <del>at</del> above, below, or exactly<lb/> at par.</p> | |||
<p>The simplest course, where it has been practicable<lb/> has been to take <del>at once</del> some <gap/> mass of <add>or masses of</add> of Annuities, | |||
<lb/> <add>Annuity</add> the identity being constituted by coincidence <lb/>in point of time: — so much as was created in such <lb/><add>or such</add> a year, <add>or years,</add> or by such or such an Act <add>or Acts</add> of Parliament.<lb/> Such is accordingly the course that appears <lb/>to have been taken in the <add>a numerous</add> most numerous class of <lb/>instances.<hi rend='superscript'>+</hi> <note>Statutes.</note> </p> | |||
<p>The eligibility of this course will depend upon <lb/>the coincidence in point of quantity between any <lb/>mass or masses capable of being <add>thus</add> redeemed, and the <lb/>sum of money obtainable for the purpose at the time <lb/>when the wish to effect any such redemption happens <lb/>to present itself. The chances against any such <lb/>exact coincidence being very great, the effect of this <lb/>principle, if exclusively adhered to, would be to have <lb/><add>unredeemed</add> a great deal of debt which by calling in and some <lb/>other principle, might have been redeemed. </p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
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Art. 20
4
In matters of government more especially precedent gives
affords a degree of prompt satisfaction to the mind, beyond any
that can be given by the any, many an most impressive charm of abstract
reasoning.
In the regard to the principle of selection, the following
is a statement of the courses that appear
to have been pursued.
The being included in an operation of this kind
will be have been matter of advantage or disadvantage or
indifference, according as the market price of the article in
question has happened to be at above, below, or exactly
at par.
The simplest course, where it has been practicable
has been to take at once some mass of or masses of of Annuities,
Annuity the identity being constituted by coincidence
in point of time: — so much as was created in such
or such a year, or years, or by such or such an Act or Acts of Parliament.
Such is accordingly the course that appears
to have been taken in the a numerous most numerous class of
instances.+ Statutes.
The eligibility of this course will depend upon
the coincidence in point of quantity between any
mass or masses capable of being thus redeemed, and the
sum of money obtainable for the purpose at the time
when the wish to effect any such redemption happens
to present itself. The chances against any such
exact coincidence being very great, the effect of this
principle, if exclusively adhered to, would be to have
unredeemed a great deal of debt which by calling in and some
other principle, might have been redeemed.
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Identifier: | JB/002/464/001"JB/" can not be assigned to a declared number type with value 2. |
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Not numbered |
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002 |
Annuity Notes |
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464 |
Art. 20 |
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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. |
E4 |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1798 |
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1203 |
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