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<p><head><!-- pencil -->Annuity Notes<lb/> | |||
<!-- pencil -->§. Extent &c Contents 12 Nov. 1799</head></p> | |||
<p><head>Steadiness<lb/> | |||
Extent</head></p> | |||
<p>26<lb/> | |||
Probable extent of<lb/> | |||
circulation of this<lb/> | |||
paper – it will<lb/> | |||
be very great. p. 22.</p> | |||
<p>27<lb/> | |||
It will take the<lb/> | |||
place in no inconsiderable<lb/> | |||
degree<lb/> | |||
of the pretious metals.<lb/> | |||
p. <del>27, 28</del> 23</p> | |||
<p>28<lb/> | |||
Admission – that<lb/> | |||
payment of what<lb/> | |||
is undertaken for<lb/> | |||
will not be sufficient<lb/> | |||
to keep this<lb/> | |||
paper from depretiation.<lb/> | |||
p. 24, 25.</p> | |||
<pb/> | |||
<p><head>Extent</head></p> | |||
<p>1<lb/> | |||
A part of the money<lb/> | |||
now invested<lb/> | |||
in Stock Annuities<lb/> | |||
may come to<lb/> | |||
be invested in<lb/> | |||
Note Annuities.<lb/> | |||
p. 1.</p> | |||
<p>2<lb/> | |||
– which part will<lb/> | |||
encrease as Stocks<lb/> | |||
rise. p. 2.</p> | |||
<p>3<lb/> | |||
Masses of currency,<lb/> | |||
the places of<lb/> | |||
which will be taken<lb/> | |||
by Annuity<lb/> | |||
Note paper. p. 3.<lb/> | |||
1. Bank<lb/> | |||
2. Bankers<lb/> | |||
3. Hard Cash.<lb/> | |||
4. Stock.<lb/> | |||
5. Foreigners money<lb/> | |||
6. Hoards of small savings.</p> | |||
<p>4<lb/> | |||
Paper payable in<lb/> | |||
future (i:e: <unclear>Notes</unclear><lb/> | |||
drawn payable<lb/> | |||
after date) will not<lb/> | |||
be effected by Annuity<lb/> | |||
Note paper.<lb/> | |||
p. 4.<lb/> | |||
1. Bills of Exchange<lb/> | |||
2. Exchequer Note<lb/> | |||
3. Navy &c Bills<lb/> | |||
4. India Bonds.</p> | |||
<pb/> | |||
<p><head>Extent</head></p> | |||
<p>5<lb/> | |||
Utmost possible amount<lb/> | |||
of Annuity<lb/> | |||
Note paper, how<lb/> | |||
composed. p. 5<lb/> | |||
Gold<lb/> | |||
Silver<lb/> | |||
Bank of £5 & up<lb/> | |||
Bannk below <add><gap/></add> £5<lb/> | |||
Bankers Paper.<lb/> | |||
Annuity Note in<lb/> | |||
foreign hands.<lb/> | |||
Annuity Notes<lb/> | |||
hoarded & not<lb/> | |||
circulating, in the<lb/> | |||
hands of Hoarders<lb/> | |||
on a small scale.<lb/> | |||
Produce of encrease<lb/> | |||
of frugality on the<lb/> | |||
part of the Hoarders<lb/> | |||
of <add>small sums</add> Notes.<lb/> | |||
Produce of the<lb/> | |||
general encrease<lb/> | |||
in point of opulence.</p> | |||
<p>6 Blank<lb/> | |||
The quantum of costs<lb/> | |||
which can not be<lb/> | |||
driven out of the<lb/> | |||
market <add>circulation</add> consists<lb/> | |||
of divers portions –<lb/> | |||
one of which is the<lb/> | |||
quantum necessary<lb/> | |||
to buy it with. p. 6.</p> | |||
<p>7. Blank<lb/> | |||
Annuity Note paper<lb/> | |||
might be made for<lb/> | |||
large sums as well<lb/> | |||
as Bank paper. p.</p> | |||
<p>8<lb/> | |||
The quantity of<lb/> | |||
this paper could not<lb/> | |||
be limited in favour<lb/> | |||
of other paper without<lb/> | |||
destroying its <hi rend="underline">Steadiness</hi>.<lb/> | |||
p. 8.</p> | |||
<pb/> | |||
<p><head>A*</head></p> | |||
<p>21 See 38<lb/> | |||
This paper will<lb/> | |||
expell or may be<lb/> | |||
made to expell all<lb/> | |||
paper <add>not</add> bearing interest<lb/> | |||
– that is all<lb/> | |||
paper payable on<lb/> | |||
demand. p. 26</p> | |||
<p>22<lb/> | |||
1. It can not but<lb/> | |||
expell Banker's Notes.<lb/> | |||
p. 26, 27, 28.</p> | |||
<p>23<lb/> | |||
It would supersede<lb/> | |||
and expell Bank<lb/> | |||
paper. Though<lb/> | |||
not suddenly enough<lb/> | |||
to produce a convulsion.<lb/> | |||
p. 29.</p> | |||
<p>24<lb/> | |||
<hi rend="underline">All</hi> paper not yielding<lb/> | |||
an interest<lb/> | |||
would ultimately<lb/> | |||
be banished by<lb/> | |||
<hi rend="underline">this</hi>. p. 30.</p> | |||
<p>25<lb/> | |||
Compensation, could<lb/> | |||
not be given to the<lb/> | |||
Bank – Bank paper<lb/> | |||
could not be<lb/> | |||
required to be employed<lb/> | |||
in the purchase<lb/> | |||
of Annuity<lb/> | |||
Notes. p. 31, 32, 33.</p> | |||
<p>26<lb/> | |||
Admitted that the | |||
National Income<lb/> | |||
will not be, in a<lb/> | |||
direct way, encreased<lb/> | |||
by the proposed measure.<lb/> | |||
p. 34</p> | |||
<p>27<lb/> | |||
– but will never experience<lb/> | |||
a diminution.<lb/> | |||
p. 34</p> | |||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Annuity Notes
§. Extent &c Contents 12 Nov. 1799
Steadiness
Extent
26
Probable extent of
circulation of this
paper – it will
be very great. p. 22.
27
It will take the
place in no inconsiderable
degree
of the pretious metals.
p. 27, 28 23
28
Admission – that
payment of what
is undertaken for
will not be sufficient
to keep this
paper from depretiation.
p. 24, 25.
---page break---
Extent
1
A part of the money
now invested
in Stock Annuities
may come to
be invested in
Note Annuities.
p. 1.
2
– which part will
encrease as Stocks
rise. p. 2.
3
Masses of currency,
the places of
which will be taken
by Annuity
Note paper. p. 3.
1. Bank
2. Bankers
3. Hard Cash.
4. Stock.
5. Foreigners money
6. Hoards of small savings.
4
Paper payable in
future (i:e: Notes
drawn payable
after date) will not
be effected by Annuity
Note paper.
p. 4.
1. Bills of Exchange
2. Exchequer Note
3. Navy &c Bills
4. India Bonds.
---page break---
Extent
5
Utmost possible amount
of Annuity
Note paper, how
composed. p. 5
Gold
Silver
Bank of £5 & up
Bannk below £5
Bankers Paper.
Annuity Note in
foreign hands.
Annuity Notes
hoarded & not
circulating, in the
hands of Hoarders
on a small scale.
Produce of encrease
of frugality on the
part of the Hoarders
of small sums Notes.
Produce of the
general encrease
in point of opulence.
6 Blank
The quantum of costs
which can not be
driven out of the
market circulation consists
of divers portions –
one of which is the
quantum necessary
to buy it with. p. 6.
7. Blank
Annuity Note paper
might be made for
large sums as well
as Bank paper. p.
8
The quantity of
this paper could not
be limited in favour
of other paper without
destroying its Steadiness.
p. 8.
---page break---
A*
21 See 38
This paper will
expell or may be
made to expell all
paper not bearing interest
– that is all
paper payable on
demand. p. 26
22
1. It can not but
expell Banker's Notes.
p. 26, 27, 28.
23
It would supersede
and expell Bank
paper. Though
not suddenly enough
to produce a convulsion.
p. 29.
24
All paper not yielding
an interest
would ultimately
be banished by
this. p. 30.
25
Compensation, could
not be given to the
Bank – Bank paper
could not be
required to be employed
in the purchase
of Annuity
Notes. p. 31, 32, 33.
26
Admitted that the
National Income
will not be, in a
direct way, encreased
by the proposed measure.
p. 34
27
– but will never experience
a diminution.
p. 34
|
Identifier: | JB/003/034/002"JB/" can not be assigned to a declared number type with value 3. |
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|---|---|---|---|
|
1799-11-12 |
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|
003 |
annuity notes |
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|
034 |
annuity notes |
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|
002 |
steadiness / extent |
||
|
rudiments sheet (brouillon) |
2 |
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|
recto |
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|
jeremy bentham |
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|
1444 |
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