JB/003/473/001

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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.

Identifier: | JB/003/473/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-08-06	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	473	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e2 / f110
Penner	jeremy bentham	Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections		Paper Produced in Year	1799
Notes public		ID Number	1883
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