JB/003/003/003

Click Here To Edit

Extent.

6
In 9 years time
peace alone almost
doubled the price
of Stocks: in 1783
they were at 53;
in 1792, at 86.
As they have been
recently up so high
as 68, with Peace
alone, were Peace
to be made soon,
they would presently
be up at par:
much more with
the help of the
proposed plan.

1
That out of the
Stock brought up
with the produce
of the money received
for Annuity
Notes, so much
as is equal to the
mass of Annuities created
by the Annuity
Notes to be extinguished:
and the remainder kept
or fixt for the purpose
of bringing up
fresh Annuities
according to the plan
at present pursued
by the Commissioners.

1
That when the
division of notes
have been carried
as far as it is
thought capable of
being carried without
a preponderantly
inconvenience, Notes
be received in lieu
of them, and reissued from the
Exchequer in the way of .

2
That then, for
the saving of the
trouble of creating
in large payments
multiples of the
original Annuity
Note to be issued
to those who choose
to purchase them
either with Cash
or with or smaller
Annuity Notes.

3
That when 3
per Cent Stock
Annuities are by
this means raised
to par or above
par, upon
which the buying
in place will
cease of course,
and the paying
off plan taken
its place, Stock
Annuities to be paid off in
preference to Note
Annuities.

4.
That when by the
threat of being paid
off the faculty of compelling
the acceptance of a lower
rate of interest is
acquired
acquired by Government,
it be exerted
upon the Stock Annuities
in preference
to the Note Annuities.

---page break---

Effects. No Paradox

1
Gain tot he Holder
of each Annuity
—3 per Cent during
the time of his
holding it.
2
Gain to all Holders
collectively
3 per Cent per annum
on the total
amount of Anny
Notes in circulation.
3
Gain to the Stock-holder
in setting out
the amount of
the rise of price
thus produced.
4
Gain to government.
5. Gain to Harbourers
at present altogether out of
employ—
Employ
6
Gain to Labourers
at present not in
full employ.
Full employ.

---page break---

Loss

Plan continued
9
All above £1
to be on yellow
paper, to denote
Gold: all below,
on white paper.
10
Price of Annuity
Notes of the different
amounts for each
day (by encrease of interest)
to be announced
in the Newspaper
of the day
and in Almanacs.

---page break---

5
That the progress
of the issue be published
periodically
quarterly, monthly
or weekly in the
Gazette, with permission
to publish
it in the other papers,
as is done in
regard to Bankruptcies.

5*
—They can never be
refused the way of
when they are known to be taken
out in
the way
of issue.

6
To what degree of
stand the designation
of the respective places in
which the respective
amounts have
been issued, be carried?
The only objection
to no interest is
that it affords indication
to busy-bodies
and to thieves
of the quantity of property
existing within
a particular district
and which may in
small districts be
traced to a particular
House and
a particular person.

7
That it may be made known ab
initio, that Note
Annuities will not
be paid officially after
the Stock Annuities.

8
That Loans have
have never made in
That it be a fundamental
regulation and condition, that
Loans shall never be
made in those Note
Annuities, but only
in Stock Annuities
as at present.

9
Fees on issue higher
at first than afterwards
9*
Reasons 1. To favour circulation
2. To afford the buyer a power when there is least .

Identifier: | JB/003/003/003"JB/" can not be assigned to a declared number type with value 3.
Date_1	1799-11-22	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	003	Info in main headings field	annuity notes
Image	003	Titles	extent / war & peace / objections / effects
Category	rudiments sheet (brouillon)	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	tw 1794
Marginals		Paper Producer	francis hall
Corrections		Paper Produced in Year	1794
Notes public		ID Number	1413
Box Contents