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<p><note>12 <gap/> purpose but as source of interest it must therefore bear a considerable interest in order to answer that purpose.</note><!-- written in pencil --> bearing interest : in a word than as a source of interest. | <p><note>12 <gap/> purpose but as source of interest it must therefore bear a considerable interest in order to answer that purpose.</note><!-- written in pencil --> bearing interest : in a word than as a source of interest. | ||
<lb/> | <lb/> | ||
But in the capacity of source of interest , it must | But in the capacity of source of interest, it must | ||
<lb/> | <lb/> | ||
bear the interest it purports to give , or at least a | bear the interest it purports to give, or at least a | ||
<lb/> | <lb/> | ||
very considerable part of it: if it did not , it would | very considerable part of it: if it did not, it would | ||
<lb/> | <lb/> | ||
not answer its <add>the</add> purpose : it therefore can not bear <add>in this quality</add> a | not answer its <add>the</add> purpose: it therefore can not bear <add>in this quality</add> a | ||
<lb/> | <lb/> | ||
premium | premium cutting out that interest or any considerable | ||
<lb/> | <lb/> | ||
part of it. <del>He</del> <add>It</add> may indeed <del>content hims</del> <add><del>be able</del> to</add> be worth | part of it. <del>He</del> <add>It</add> may indeed <del>content hims</del> <add><del>be able</del> to</add> be worth | ||
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at any time than to convert into cash so much | at any time than to convert into cash so much | ||
<lb/> | <lb/> | ||
money in the funds : and this accordingly is the case. | money in the funds: and this accordingly is the case. | ||
<lb/> | <lb/> | ||
a man makes almost 1 per cent less in this way | a man makes almost 1 per cent less in this way | ||
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19 Cause &c
12 purpose but as source of interest it must therefore bear a considerable interest in order to answer that purpose. bearing interest : in a word than as a source of interest.
But in the capacity of source of interest, it must
bear the interest it purports to give, or at least a
very considerable part of it: if it did not, it would
not answer its the purpose: it therefore can not bear in this quality a
premium cutting out that interest or any considerable
part of it. He It may indeed content hims be able to be worth
his while to take somewhat less interest upon such a
security paper than he could make if the same money in
the funds , because it will take cost him rather less time
and at any rate less money to convert it into cash
at any time than to convert into cash so much
money in the funds: and this accordingly is the case.
a man makes almost 1 per cent less in this way
than by buying into the funds.
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Identifier: | JB/002/340/001"JB/" can not be assigned to a declared number type with value 2. |
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12 continued |
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002 |
annuity notes |
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340 |
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001 |
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text sheet |
1 |
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recto |
e19 |
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jeremy bentham |
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1079 |
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