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< | <p>1</p> | ||
For | <p>For instantaneous<lb/> | ||
</ | distinction take<lb/> | ||
< | this paper to be<lb/> | ||
coloured in this<lb/> | |||
new mode Green/<lb/> | |||
Yellow. Red -<lb/> | |||
These colours might<lb/> | |||
serve to distinguish<lb/> | |||
the emmissions of<lb/> | |||
different Years</p> | |||
< | <p>2</p> | ||
<p>On presentation<lb/> | |||
for payment of the<lb/> | |||
Interest the note<lb/> | |||
might be changed<lb/> | |||
viz. a note that<lb/> | |||
had but four<lb/> | |||
years to run instead<lb/> | |||
of the Note<lb/> | |||
that had the whole<lb/> | |||
five years to run -<lb/> | |||
and a deduction<lb/> | |||
might be made<lb/> | |||
sufficient to pay<lb/> | |||
for the new note<lb/> | |||
and for the Clerk's<lb/> | |||
time &c.</p> | |||
< | <p>3</p> | ||
<p>The sum of the<lb/> | |||
fractional part<lb/> | |||
of the interest<lb/> | |||
might be added<lb/> | |||
in the first instance<lb/> | |||
to the value of the<lb/> | |||
note, on the very<lb/> | |||
day of issuing,<lb/> | |||
and by that means | |||
the real interest <add>rate of</add><lb/> | |||
would be exactly<lb/> | |||
equal to the nominal.</p> | |||
<p>4</p> | |||
<p>Distinction for<lb/> | |||
emissions of different<lb/> | |||
years | |||
<gap/> in large Letters</p> | |||
<p>1 Annuity Note<lb/> | |||
at 4 per cent<lb/> | |||
<gap/> for 8 years<lb/> | |||
A<hi rend="superscript">o</hi><lb/> | |||
1801</p> | |||
< | <p>2. Annuity Note<lb/> | ||
at 3 per Cent<lb/> | |||
<add><gap/></add> | |||
issued for 5 years<lb/> | |||
A<hi rend="superscript">o</hi> 1802</p> | |||
<del>< | <p>5</p> | ||
<p>By arrangement<lb/> | |||
with the Post<lb/> | |||
<del>the I</del> each note<lb/> | |||
might be remitted<lb/> | |||
<add>from the <gap/></add> to the Exchequer<lb/> | |||
and the dividend<lb/> | |||
with the fresh note<lb/> | |||
returned</p> | |||
< | <p>6</p> | ||
<p>Issue a portion<lb/> | |||
of those <add>5 Years</add> Annuity<lb/> | |||
Notes as you<lb/> | |||
would Exchequer<lb/> | |||
Bills. If any<lb/> | |||
remain in the<lb/> | |||
Country unpresented<lb/> | |||
at the time<lb/> | |||
of payment, it <lb/> | |||
will so much<lb/> | |||
borrowed at 4 per Cent<lb/> | |||
<gap/> <gap/> <gap/><lb/> | |||
<gap/>.</p> | |||
< | <p>7</p> | ||
<p>There is a particular<lb/> | |||
< | time in the<lb/> | ||
Year when money is<lb/> | |||
<gap/> <gap/> in the Exchequer<lb/> | |||
than that<lb/> | |||
another time. This<lb/> | |||
time say a Month<lb/> | |||
should be the time<lb/> | |||
for paying off the<lb/> | |||
principal if demanded<lb/> | |||
Should the sum be<lb/> | |||
greater than expected<lb/> | |||
then</p> | |||
< | <p>8</p> | ||
<p>Penal to <del><gap/></del> engrave<lb/> | |||
<add>or draw</add> such a <del>draught</del><lb/> | |||
view of the <hi rend="underline">Auditor</hi><lb/> | |||
as is given<lb/> | |||
on the Notes-<lb/> | |||
viz.<lb/> | |||
Front view - or<lb/> | |||
Left Profile - or<lb/> | |||
Right Profile<lb/> | |||
&c.</p> | |||
< | <p>9</p> | ||
< | <p>Dutch Obligations<lb/> | ||
of 100 florins P. Carus.<lb/> | |||
Therefore this not<lb/> | |||
a new experiment<lb/> | |||
- pregnant<lb/> | |||
with unforseeable<lb/> | |||
consequences.</p> | |||
<p>10 | |||
</p> | |||
<p>The embarrassment<lb/> | |||
attending<lb/> | |||
the multitude of<lb/> | |||
small Annuity<lb/> | |||
notes would naturally<lb/> | |||
tend to<lb/> | |||
confine the large<lb/> | |||
circumstances to<lb/> | |||
Stock, leaving<lb/> | |||
small ones to<lb/> | |||
Annuity Notes.<lb/> | |||
The Annuity<lb/> | |||
Note plan would<lb/> | |||
be a plan for<lb/> | |||
enabling persons in<lb/> | |||
middling circumstances<lb/> | |||
to lay out their money<lb/> | |||
on Government <lb/> | |||
Annuities to advantage</p> | |||
<p>then would be the<lb/> | |||
time for Parliam<lb/> | |||
to make provision<lb/> | |||
accordingly</p> | |||
<p>11</p> | |||
<p>If the Annuity<lb/> | |||
Notes <del><gap/> <gap/></del><lb/> | |||
do not<lb/> | |||
in so far as the<lb/> | |||
Annuity Notes<lb/> | |||
take place of<lb/> | |||
Bankers promissory<lb/> | |||
notes they<lb/> | |||
will add to the<lb/> | |||
security of the<lb/> | |||
nation in regard<lb/> | |||
to its property -<lb/> | |||
In as far as<lb/> | |||
<add>the former</add> <del><gap/></del> operate in<lb/> | |||
<del>addition</del> without<lb/> | |||
<del><gap/></del> diminishing<lb/> | |||
the quantity<lb/> | |||
of the latter,<lb/> | |||
they will add to<lb/> | |||
the national<lb/> | |||
wealth.</p> | |||
<p>12</p> | |||
<p>Paper promising<lb/> | |||
money,<lb/> | |||
multiplies the<lb/> | |||
money in the<lb/> | |||
same way as<lb/> | |||
a multiplying<lb/> | |||
glass multiplies<lb/> | |||
it multiplies<lb/> | |||
it to the eye of<lb/> | |||
the imagination<lb/> | |||
though not<lb/> | |||
to the<lb/> | |||
senses</p> | |||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
1
For instantaneous
distinction take
this paper to be
coloured in this
new mode Green/
Yellow. Red -
These colours might
serve to distinguish
the emmissions of
different Years
2
On presentation
for payment of the
Interest the note
might be changed
viz. a note that
had but four
years to run instead
of the Note
that had the whole
five years to run -
and a deduction
might be made
sufficient to pay
for the new note
and for the Clerk's
time &c.
3
The sum of the
fractional part
of the interest
might be added
in the first instance
to the value of the
note, on the very
day of issuing,
and by that means
the real interest rate of
would be exactly
equal to the nominal.
4
Distinction for
emissions of different
years
in large Letters
1 Annuity Note
at 4 per cent
for 8 years
Ao
1801
2. Annuity Note
at 3 per Cent
issued for 5 years
Ao 1802
5
By arrangement
with the Post
the I each note
might be remitted
from the to the Exchequer
and the dividend
with the fresh note
returned
6
Issue a portion
of those 5 Years Annuity
Notes as you
would Exchequer
Bills. If any
remain in the
Country unpresented
at the time
of payment, it
will so much
borrowed at 4 per Cent
.
7
There is a particular
time in the
Year when money is
in the Exchequer
than that
another time. This
time say a Month
should be the time
for paying off the
principal if demanded
Should the sum be
greater than expected
then
8
Penal to engrave
or draw such a draught
view of the Auditor
as is given
on the Notes-
viz.
Front view - or
Left Profile - or
Right Profile
&c.
9
Dutch Obligations
of 100 florins P. Carus.
Therefore this not
a new experiment
- pregnant
with unforseeable
consequences.
10
The embarrassment
attending
the multitude of
small Annuity
notes would naturally
tend to
confine the large
circumstances to
Stock, leaving
small ones to
Annuity Notes.
The Annuity
Note plan would
be a plan for
enabling persons in
middling circumstances
to lay out their money
on Government
Annuities to advantage
then would be the
time for Parliam
to make provision
accordingly
11
If the Annuity
Notes
do not
in so far as the
Annuity Notes
take place of
Bankers promissory
notes they
will add to the
security of the
nation in regard
to its property -
In as far as
the former operate in
addition without
diminishing
the quantity
of the latter,
they will add to
the national
wealth.
12
Paper promising
money,
multiplies the
money in the
same way as
a multiplying
glass multiplies
it multiplies
it to the eye of
the imagination
though not
to the
senses
|
Identifier: | JB/003/001/002"JB/" can not be assigned to a declared number type with value 3. |
|||
|---|---|---|---|
|
1799 |
|||
|
003 |
annuity notes |
||
|
001 |
annuity notes |
||
|
002 |
|||
|
rudiments sheet (brouillon) |
2 |
||
|
recto |
|||
|
jeremy bentham |
tw 1794 |
||
|
francis hall |
|||
|
1794 |
|||
|
1411 |
|||
