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<p> <note>2 <hi rend="superscript">ds</hi></note> <note>7</note><lb/> <note> Annuity Notes</note><lb/> <note> Ch. <gap/></note><lb/> <note> II Rate<lb/>6<lb/> Security and <lb/> rate of interest taken<lb/>together, it becomes<lb/> evident that <lb/> as much money<lb/> as is thus lent to<lb/> Bankers so much<lb/> is by some particular<lb/> circumstances <unclear>struck</unclear><lb/> out of the market<lb/> for Government Annuities</note> </p> | |||
<p>Though <del>from</del> <add> By this example it is proved, that though</add> in Government Annuities so<lb/> prodigious a mass of capital <del> has been</del> <add> is</add> placed<lb/> out at a rate of interest not only equal<lb/> but considerably superior to 5 per Cent, yet<lb/> this does not hinder but that quantities of<lb/> money likewise very considerable are <add> habitually</add> placed<lb/> out and that even <del>the inferior</del> <add> an</add> security so much<lb/> inferior to what is proposed to be given, at a<lb/> rate of interest considerably inferior to that which<lb/> is proposed.</p> | |||
<p> But this is not all: for over and above the sums,<lb/><add> which at present placed out at a rate of interest so</add> much inferior to <del> <add> the Bill</add> what is proposed</del> the rate proposed is at present<lb/> <!-- continues in margin --><note> placed out in the <lb/> hands of Country Bankers<lb/> we shall soon see <lb/> other monies, and<lb/> those to a most<lb/> superior amount<lb/> which might and<lb/> therefore probably<lb/> would be placed<lb/> out at interest in<lb/> the proposed security,<lb/> and which at present<lb/> are not seen in<lb/> the nature of the<lb/> case could generally<lb/> speaking be<lb/> placed out in their<lb/> or any other individual<lb/> hands.</note></p> <p> Mean time what is obvious enough is<lb/> — that <del> a move in</del> <add> a rate of</add> interest inferior to 3<lb/> per cent will not be accepted of by a <lb/> man who <add> with equal facility and security, and </add> on terms equally advantageous in<lb/> other respects can get five per cent. But <add>Yet</add> <lb/> as so much money is actually placed out<lb/> at less than 3 per cent this general consideration<lb/> is of itself sufficient without entering into particulars<lb/>to prove to demonstration, that <del>the</del> to<lb/> a large proportion of the money of the country<lb/> there are circumstances <add> by</add> which <del><gap/></del> the five<lb/> per cent is rendered either ineligible or unattainable<lb/> or ineligible.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
2 ds 7
Annuity Notes
Ch.
II Rate
6
Security and
rate of interest taken
together, it becomes
evident that
as much money
as is thus lent to
Bankers so much
is by some particular
circumstances struck
out of the market
for Government Annuities
Though from By this example it is proved, that though in Government Annuities so
prodigious a mass of capital has been is placed
out at a rate of interest not only equal
but considerably superior to 5 per Cent, yet
this does not hinder but that quantities of
money likewise very considerable are habitually placed
out and that even the inferior an security so much
inferior to what is proposed to be given, at a
rate of interest considerably inferior to that which
is proposed.
But this is not all: for over and above the sums,
which at present placed out at a rate of interest so much inferior to the Bill what is proposed the rate proposed is at present
placed out in the
hands of Country Bankers
we shall soon see
other monies, and
those to a most
superior amount
which might and
therefore probably
would be placed
out at interest in
the proposed security,
and which at present
are not seen in
the nature of the
case could generally
speaking be
placed out in their
or any other individual
hands.
Mean time what is obvious enough is
— that a move in a rate of interest inferior to 3
per cent will not be accepted of by a
man who with equal facility and security, and on terms equally advantageous in
other respects can get five per cent. But Yet
as so much money is actually placed out
at less than 3 per cent this general consideration
is of itself sufficient without entering into particulars
to prove to demonstration, that the to
a large proportion of the money of the country
there are circumstances by which the five
per cent is rendered either ineligible or unattainable
or ineligible.
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Identifier: | JB/002/547/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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547 |
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001 |
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text sheet |
1 1 |
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recto |
f7 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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1286 |
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