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<p> 30 <sic>Aug.</sic> 1800 1<note>106</note><lb/> Ch. XIII. <hi rend="underline">Financial Advantages</hi> - <hi rend="underline">Period IV.</hi> <del>22</del> <note>Abstract</note></p> <p> <note>Advantages Financial<lb/> VII continued<lb/> Period IV</note> </p><p> <note>Period IV from<lb/> the opening of the 3<hi rend="superscript">d</hi><lb/> to that of the 4<hi rend="superscript">th</hi><lb/> Issue</note></p><p> <note>Rate of profit by <lb/> reduction 17:11 per<lb/> Cent.</note> </p> <p> <!-- paragraph ringed in red. Larger type in red --> Larger Type </p> <p> IV. Period IV. From the opening of this <del>third</del> 3<hi rend="superscript">d</hi><lb/> Issue at 1 1/2 per cent nearly ( <add>viz</add> £1.9<hi rend="superscript">s</hi>.6<hi rend="superscript">d</hi> per cent)<lb/> to the redemption of the last portion of paper<lb/>of that issue, whereupon follows immediately the<lb/> opening of the 4<hi rend="superscript">th</hi> issue at <del> 1 1/6<hi rend="superscript">th</hi> nearly (viz</del> <lb/> £1:3<hi rend="superscript">s</hi>:8 1/2<hi rend="superscript">d</hi> <add>per Cent</add>, being <del>s</del> a trifle more than<lb/> 1 1/6 per Cent.</p> <p> Rate of the closed issue during this period £2: 7<hi rend="superscript">s</hi>. 5<hi rend="superscript">d</hi>.<lb/> Rate of the open issue — — — — — <hi rend="underline">1 : 9 : 6</hi> <lb/>Difference, constituting the profit of the operation — — 17:11 | <p>30 <sic>Aug.</sic> 1800 1<note>106</note><lb/> | ||
Ch. XIII. <hi rend="underline">Financial Advantages</hi> - <hi rend="underline">Period IV.</hi> <del>22</del> <note>Abstract</note></p> | |||
<p> <note>Advantages Financial<lb/> | |||
VII continued<lb/> | |||
Period IV</note> </p> | |||
<p> <note>Period IV from<lb/> | |||
the opening of the 3<hi rend="superscript">d</hi><lb/> | |||
to that of the 4<hi rend="superscript">th</hi><lb/> | |||
Issue</note></p> | |||
<p> <note>Rate of profit by <lb/> reduction 17:11 per<lb/> Cent.</note> </p> | |||
<p> <!-- paragraph ringed in red. Larger type in red --> Larger Type </p> | |||
<p> IV. Period IV. From the opening of this <del>third</del> 3<hi rend="superscript">d</hi><lb/> | |||
Issue at 1 1/2 per cent nearly ( <add>viz</add> £1.9<hi rend="superscript">s</hi>.6<hi rend="superscript">d</hi> per cent)<lb/> | |||
to the redemption of the last portion of paper<lb/> | |||
of that issue, whereupon follows immediately the<lb/> | |||
opening of the 4<hi rend="superscript">th</hi> issue at <del> 1 1/6<hi rend="superscript">th</hi> nearly (viz</del> <lb/> | |||
£1:3<hi rend="superscript">s</hi>:8 1/2<hi rend="superscript">d</hi> <add>per Cent</add>, being <del>s</del> a trifle more than<lb/> | |||
1 1/6 per Cent.</p> | |||
<p> Rate of the closed issue during this period £2: 7<hi rend="superscript">s</hi>. 5<hi rend="superscript">d</hi>.<lb/> | |||
Rate of the open issue — — — — — <hi rend="underline">1 : 9 : 6</hi> <lb/> | |||
Difference, constituting the profit of the operation — — 17:11 | |||
<!-- The remainder of the page is crossed through --> </p> | |||
<p> <note>The</note></p> <p> <note>3</note> </p> | |||
<p><add> Profit by interest unreceived, by <gap/> in <add> Government</add> hands, and by <gap/><lb/> | |||
lost <gap/> <gap/> with little change, unless by this time<lb/> the Production of which <del>poss</del> mass by paying off should have <note> preceeded such a<lb/> length as to have <lb/> reduced the amount<lb/> of it <del><gap/></del> to little<lb/> more than the <foreign><hi rend="underline">quondam</hi></foreign> <lb/> amount of this <hi rend="underline">part</hi>.</note> </add></p> | |||
<p><del> The divers rateable branches of profit mentioned <lb/> | |||
<add> in Period</add></del><lb/> | |||
<del>Here as in Period III. Profit in respect of management<lb/> | |||
in Period III continue here in kind, diminishing<lb/> | |||
of course in quantity as the <gap/></del> <lb/> | |||
<add> diminishes of course as</add> quantity of the subject matter is reduced. <add> diminished</add> </p> | |||
<pb/><p> The amount of the <del>exp</del> grand profit — the<lb/> | |||
Profit by reduction of the rate of interest — is <lb/> | |||
<del>for <gap/> </del> <add> The <add>annual</add> amount of this is <gap/> <del>of capital </del></add> <del>£8958:6<hi rend="superscript">s</hi>:8<hi rend="superscript">d</hi></del> <lb/> | |||
<gap/> Upon every million of capital )<lb/> | |||
Annuity Notes remaining in the hands of ) 8958:6:8<lb/> | |||
<del> <gap/> it indeed <gap/></del> — — — )</p> <pb/> | |||
<p>Profit in respect of Exchequer Bills. For the <lb/> | |||
<add> reasons given in Period III</add> The rate of interest which it can be necessary<lb/> | |||
to give on Exchequer Bills can never <hi rend="underline">exceed</hi> <lb/> | |||
the rate given by Government on paper of the <lb/> | |||
2d Issue being the closed issue. <del>Indeed</del> It can <lb/> | |||
<del>scarcely</del> scarcely indeed be <hi rend="underline">equal</hi> to that rate: since<lb/> | |||
<add> for the reasons so often given,</add> the provision borne by the closed <hi rend="underline">issue</hi> in circulation<lb/> | |||
will <del> in all probability</del> naturally <add> be</add> for a <lb/> | |||
long time very considerable: the more so as the<lb/> | |||
drop from the <add> rate <del>of the</del> given by the</add> third issue £2:7<hi rend="superscript">s</hi>:5<hi rend="superscript">d</hi> to the <del><gap/></del> rate<lb/> | |||
given by the open issue (£1: 9<hi rend="superscript">s</hi>:6<hi rend="superscript">d</hi>) is so great (viz: 17<hi rend="superscript">s</hi>:11<hi rend="superscript">d</hi>, as <del>bel</del> above.)</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
30 Aug. 1800 1106
Ch. XIII. Financial Advantages - Period IV. 22 Abstract
Advantages Financial
VII continued
Period IV
Period IV from
the opening of the 3d
to that of the 4th
Issue
Rate of profit by
reduction 17:11 per
Cent.
Larger Type
IV. Period IV. From the opening of this third 3d
Issue at 1 1/2 per cent nearly ( viz £1.9s.6d per cent)
to the redemption of the last portion of paper
of that issue, whereupon follows immediately the
opening of the 4th issue at 1 1/6th nearly (viz
£1:3s:8 1/2d per Cent, being s a trifle more than
1 1/6 per Cent.
Rate of the closed issue during this period £2: 7s. 5d.
Rate of the open issue — — — — — 1 : 9 : 6
Difference, constituting the profit of the operation — — 17:11
The
3
Profit by interest unreceived, by in <add> Government hands, and by
lost with little change, unless by this time
the Production of which poss mass by paying off should have preceeded such a
length as to have
reduced the amount
of it to little
more than the quondam
amount of this part. </add>
The divers rateable branches of profit mentioned
in Period
Here as in Period III. Profit in respect of management
in Period III continue here in kind, diminishing
of course in quantity as the
diminishes of course as quantity of the subject matter is reduced. diminished
---page break---
The amount of the exp grand profit — the
Profit by reduction of the rate of interest — is
for The <add>annual amount of this is of capital </add> £8958:6s:8d
Upon every million of capital )
Annuity Notes remaining in the hands of ) 8958:6:8
it indeed — — — )
---page break---
Profit in respect of Exchequer Bills. For the
reasons given in Period III The rate of interest which it can be necessary
to give on Exchequer Bills can never exceed
the rate given by Government on paper of the
2d Issue being the closed issue. Indeed It can
scarcely scarcely indeed be equal to that rate: since
for the reasons so often given, the provision borne by the closed issue in circulation
will in all probability naturally be for a
long time very considerable: the more so as the
drop from the rate of the given by the third issue £2:7s:5d to the rate
given by the open issue (£1: 9s:6d) is so great (viz: 17s:11d, as bel above.)
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Identifier: | JB/002/204/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-08-30 |
not numbered |
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002 |
annuity notes |
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204 |
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001 |
ch. viii financial advantages - period iv |
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text sheet |
1 |
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recto |
d1 / f106 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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943 |
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