JB/003/476/001

Click Here To Edit

6 Aug. 1801

Well then, during the existence of the Annuity
Note plan,⊞1 ⊞1 viz: between the opening of the issue, and the arrival of Stock 3 per Cents at par, some part of the mass of Stock Annuities
has according to him, been bought in by money produced by the sale
of Note Annuities:⊞2 ⊞2 From the arrival of Stock 3 per Cents at par the conversion in question will take place: that is the conversion of them (as above explained) into Note Annuities will be going on, till it is completed: which conversion consists in the
be expelled Annuitants buying in Note Annuities, with the money put into their hands in the paying off of their Stock Annuities. but no part of the mass of yet, according to him, "the extension
Stock Annuities will ever (he insists) be bought in payed off
with the money derived from that same source. "of the plan to paying off the public Annuitants would,
in no case, be practicable.

The difference, between buying in Stock Annuities
and paying them off, is consists simply this. To the
buying them in, the consent of the Annuitant is
necessary: to the Buying them in requires the
concurrence of the Annuitant: paying them
off requires no such concurrence. It is when
the purchase depends upon the Annuitant
as well as government, that, according to the
learned Baronet, it is practicable: when it
depends altogether upon government, then, according
to him, it is no longer practicable.

Identifier: | JB/003/476/001"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	476	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e5 / f113
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1886
Box Contents