JB/003/472/001

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28 July 1801

Observations continued

"When they (3 per Cent Stocks) are at par,
"the public (continues our lecturer the learned Baronet) will
"throw no benefit from this scheme, unless they
"can issue Annuity Notes yielding only 9 3/8 per
"Cent interest."

"The extension of the plan to paying off
"public Annuities would in no case be practicable."

Counter-Observations

Of This mass of argument, as in are with the sweeping
denial that crowns it, a counter-denial of equal extent will require, as usual, to
denial must be opposed. Position
if I understand it right, the substance will be
direct information – implied inferences found to be contained in the two following inferences propositions.

To examine these, every proposition of the learned Baronet, would I find it necessary to place them in an the inverse of that in which his topic has arranged them
thing is of a in a I begin with in
be necessary the order in which for me to place the learned
that invested order in which the logic of
the member learned Baronet has arranged them.

1. Position – "When Stocks (3 per Cents) are at par," Government will not be able to
"issue, Annuity Notes, yielding only 2 3/8 per Cent interest."

Direct Inference. Therefore, when Stock
3 per Cents are at par "the public will derive
"no benefit from this scheme" viz. the issuing of
Annuity Notes.

3. Implied inferences. Therefore (now that Stock 3
per Cents want 40 per Cent if being at par)
Annuity Notes ought not to be issued.

Identifier: | JB/003/472/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-07-28	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	472	Info in main headings field
Image	001	Titles	observations continued / counter-observations
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e1 / f109
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1882
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