JB/003/410/001

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27 July 1801
Annuity Notes

I was however too scrupulous: I erred against
myself: for the instance by the case <add>above</add> just alluded to,
it is established, that people will accept £3
per cent, even for sums much more than adequate
to the purchase of Exchequer Bills.

Observe that though it should be true
(to recurr to my own expression)+ that Exchequer
Bills would, (to recurr to my own expression+) + Plan, p.17. draw off from the proposed Security
Notes all customers for Notes above that
the sum spoken of on that occasion, viz: £50:8.51..4s.
notes, yet it is neither true – nor there given
by me as true – that they would throw out
of the market all sums above that amount.
They would neither shut the door of the market against Annuity
Notes, nor so much as rival them, in
respect of any sums to that amount less than £100.
for because what is the for an offer of £5 an upwards
per Cent for £100 good for, to a man who can raise
but £99? – He will must content himself
with the next best offer he can get.

As to Exchequer Bills – and the notion of their "never having yet performed
the functions of money" – in the first
place it is not true – in the next place besides that
if it were true, it would be nothing to the purpose
– it would prove nothing against Annuity
Notes.

Identifier: | JB/003/410/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-07-27	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	410	Info in main headings field	annuity notes
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e2 / f47
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1820
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