JB/002/575/001

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34
1 Annuity Notes

Ch. Grounds
VII. Universal
36 (a)
Small scale, what?

Confer and refer to suppra

Note
(a) By The a small scale is meant on the
present occasion, every scale, under the least
in which the amount of the hoard in question
would be capable of being invested in the placed out at interest
purchase of government securities (with in any existing branch of the public market, with adequate
security, profit and facility. In point
of security the only deficiency which the public
market is considered as exposed to labour under
is that of the which corresponds to the
danger of depretiation. This though it never extends to
the whole of the principal, may is however but too
apt not only to swallow up the whole of the
profit on the score of interest, but to swallow up
a considerable part of the principal besides. In point
of profit, the deficiency arises is produced partly by the
expenses which attend on the purchase of
and eventual resale of that species of government
security which may be is capable of being purchased in any quantity,
partly in those which attend in the receipt
of interest: viz: stamp duties or power
of Attorney, fees of Brokers, and of Agents in Town
and Country, or else expense and loss of time by
personal attendance — a charge which taking the
through would be beyond compare greater not to appear at, would in reality
through, would (though not so apparent) be beyond
comparison greater than that of agency. In
point of facility the deficiency arises from the
want of a market at hand a such as that which
would be afforded by the Local Offices as proposed
This exact circumstance obstacle is altogether a distant and
additional one over and above that which is contributed
by the expense By the expense, takes away the inducement
to engage in
the transaction is
diminished or taken
away: by the want
of facility, as here
exemplified, the very
idea of engaging
in the transaction is
prevented from presenting itself.

Identifier: | JB/002/575/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	36a
Box	002	Main Headings	annuity notes
Folio number	575	Info in main headings field
Image	001	Titles	note
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e1 / f34
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer	frances wright
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	1314
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