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<p><!-- pencil -->6 Aug. 1801</p> | |||
' | <p>As to the <hi rend="underline">position</hi> – <del>on the</del> taking it as<lb/> | ||
stands on paper – and as it appears to<lb/> | |||
have been standing in the learned Baronet's<lb/> | |||
mind – it is indispensably true, <del>little as</del> <add>but</add> his<lb/> | |||
argument will <del>be</del> <add>not be much</add> the better for it.</p> | |||
<p>According to the plan<add>itself</add>, while there are<lb/> | |||
any Stocks <del>at</del> <add>at all –</add> any redeemable Annuities<lb/> | |||
remaining in the form of Stock – unredeemed<lb/> | |||
by Annuity Notes of the first issue – by<lb/> | |||
Annuity Notes bearing £2:19<hi rend="superscript">s</hi> per Cent –<lb/> | |||
no Annuity Notes of the second issue can<lb/> | |||
be issued; – <del>because no second issue of Annuity</del> <add>for, by</add><lb/> | |||
<del>Notes, at any that or any other reduced<lb/> | |||
rate, is intended to be issued. By</del><lb/> | |||
the terms of the Article,<hi rend="superscript">+</hi> <note><hi rend="superscript">+</hi>Art. 20</note> it is <del><gap/></del> "upon the redemption<lb/> | |||
of the last parcel of redeemable Stock Annuities",<lb/> | |||
<del>and this <add>the</add> cessation", of the commission of Note Annuities<lb/> | |||
at this rate of interest, which <add>a</add> cessation is <add>which</add> by<lb/> | |||
Art. 6<add>a mode</add> a necessary consequence of,</del> and not<lb/> | |||
before, that <add>is</add> the Offices are to be opened for the<lb/> | |||
"commission of a second issue at a reduced rate<lb/> | |||
"of interest".</p> | |||
<p>Taking it strictly then, the case <del>on which</del><lb/> | |||
he mentions as a case in which "<hi rend="underline"><add>the public will derive</add> no benefit</hi><lb/> | |||
<del>can be <gap/></del> from the plan",<hi rend="superscript">⊞</hi> <note><hi rend="superscript">⊞</hi>viz: the case of Governments trying whether "they can commission Annuity Notes yielding only 2 3/8 per cent interest", and finding it impracticable,</note> is a case<lb/> | |||
under <del>according to</del> the plan, against which he is <del><gap/></del> <add>urging</add> this argument,<lb/> | |||
which <del>according to the plan itself</del> can never happen.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
6 Aug. 1801
As to the position – on the taking it as
stands on paper – and as it appears to
have been standing in the learned Baronet's
mind – it is indispensably true, little as but his
argument will be not be much the better for it.
According to the planitself, while there are
any Stocks at at all – any redeemable Annuities
remaining in the form of Stock – unredeemed
by Annuity Notes of the first issue – by
Annuity Notes bearing £2:19s per Cent –
no Annuity Notes of the second issue can
be issued; – because no second issue of Annuity for, by
Notes, at any that or any other reduced
rate, is intended to be issued. By
the terms of the Article,+ +Art. 20 it is "upon the redemption
of the last parcel of redeemable Stock Annuities",
and this the cessation", of the commission of Note Annuities
at this rate of interest, which a cessation is which by
Art. 6a mode a necessary consequence of, and not
before, that is the Offices are to be opened for the
"commission of a second issue at a reduced rate
"of interest".
Taking it strictly then, the case on which
he mentions as a case in which "the public will derive no benefit
can be from the plan",⊞ ⊞viz: the case of Governments trying whether "they can commission Annuity Notes yielding only 2 3/8 per cent interest", and finding it impracticable, is a case
under according to the plan, against which he is urging this argument,
which according to the plan itself can never happen.
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Identifier: | JB/003/473/001"JB/" can not be assigned to a declared number type with value 3. |
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1801-08-06 |
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003 |
annuity notes |
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473 |
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001 |
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text sheet |
1 |
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recto |
e2 / f110 |
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jeremy bentham |
cw 1799 |
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c. abbit lees |
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1799 |
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1883 |
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