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<head>Art. 20.</head> | |||
<p><del>Assuming</del> These rules being premised, and acceded to<lb/>, the conversion may be <add>rendered</add> little less than instantaneous! It<lb/> may be rendered so even without any co-operation<lb/> in the part of <del>the</del> individual Stockholders: and by<lb/> a co-operation such as government will have the<lb/> means of obtaining in its power, the conversion may<lb/>receive a still further degree of <del>security</del> <add>certainty</add> as well as<lb/> despatch. | |||
<lb/></p> | |||
<p>The time fixed upon for the first payment <add>to be</add> made<lb/>of money for the redemption of <add>the</add> capital <add>corresponding</add> of a portion of Stock Annuities<lb/> in this view is (suppose) the day when the interest <lb/>(called <hi rend='underline'>dividend</hi>) is due: a quantity of money has<lb/> been collected <add>and received</add> in a mass for that purpose: notice of<lb/> the intention has been given or not, as shall have been<lb/> thought fit. Take a single million for example.<lb/> But the individuals who on these terms find themselves<lb/> obliged to part with their masses of Annuity, did not<lb/>desire to part with them. Their wish was to retain them.<lb/> But there are no more Government Annuities in the<lb/> sum of Stock Annuities to be had on any terms:<lb/> at least on any terms on which they would be worth <lb/>having. At the same time the market for Note<lb/> Annuities on the same terms or <del><add>to purch</add></del> <del>on terms by</del><lb/> (setting aside a <add>small</add> fractional deficiency not worth regarding)<lb/> is still open: and <add>in respect of which</add> this fractional deficiency<lb/> is <hi rend='underline'>amply</hi> compensated for by superior facilities<lb/> in regard to the mode of receiving the interest, and<lb/> the mode of obtaining money <add>or money's worth</add> upon occasion by the transfer<lb/> - i.e: the paying away the principal.<add>+</add><!-- red pen --><note>+ Reference onwards.</note><add>Under</add><lb/></p> | |||
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Click Here To Edit Art. 20.
Assuming These rules being premised, and acceded to
, the conversion may be rendered little less than instantaneous! It
may be rendered so even without any co-operation
in the part of the individual Stockholders: and by
a co-operation such as government will have the
means of obtaining in its power, the conversion may
receive a still further degree of security certainty as well as
despatch.
The time fixed upon for the first payment to be made
of money for the redemption of the capital corresponding of a portion of Stock Annuities
in this view is (suppose) the day when the interest
(called dividend) is due: a quantity of money has
been collected and received in a mass for that purpose: notice of
the intention has been given or not, as shall have been
thought fit. Take a single million for example.
But the individuals who on these terms find themselves
obliged to part with their masses of Annuity, did not
desire to part with them. Their wish was to retain them.
But there are no more Government Annuities in the
sum of Stock Annuities to be had on any terms:
at least on any terms on which they would be worth
having. At the same time the market for Note
Annuities on the same terms or to purch on terms by
(setting aside a small fractional deficiency not worth regarding)
is still open: and in respect of which this fractional deficiency
is amply compensated for by superior facilities
in regard to the mode of receiving the interest, and
the mode of obtaining money or money's worth upon occasion by the transfer
- i.e: the paying away the principal.++ Reference onwards.Under
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Identifier: | JB/002/472/001"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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472 |
art. 20 |
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001 |
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1 |
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recto |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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1211 |
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