★ Find a new page on our Untranscribed Manuscripts list.
No edit summary |
No edit summary |
||
| (2 intermediate revisions by one other user not shown) | |||
| Line 3: | Line 3: | ||
<note>Note</note><!-- written in pencil --> | <p><note>Note</note></p><!-- written in pencil --> | ||
<!-- first horizontal line of header --> | <!-- first horizontal line of header --> | ||
<head>Recapitulation & Conclusion</head> <note>Annuity Notes</note><!-- written in pencil --> | <head>Recapitulation & Conclusion</head> <p><note>Annuity Notes</note></p><!-- written in pencil --> | ||
<!-- second horizontal line of header --> | <!-- second horizontal line of header --> | ||
<head>Note <hi rend='superscript'>(a)</hi></head> | <head>Note <hi rend='superscript'>(a)</hi></head> | ||
| Line 11: | Line 11: | ||
<p><!-- indent -->Supposing the general plan & the proposed Annuity | <p><!-- indent -->Supposing the general plan & the proposed Annuity | ||
<lb/> | <lb/> | ||
Note currency to be discarded , an advantage | Note currency to be discarded, an advantage | ||
<lb/> | <lb/> | ||
upon a smaller scale might still be derivable from | upon a smaller scale might still be derivable from | ||
| Line 21: | Line 21: | ||
called an Exchequer Bill, in such manner <add>as to cause it to be accepted of at a lower rate of interest than it would otherwise be</add> | called an Exchequer Bill, in such manner <add>as to cause it to be accepted of at a lower rate of interest than it would otherwise be</add> | ||
<lb/></p> | <lb/></p> | ||
<p>1. | <p>1. It might be made out for much smaller sums | ||
<lb/> | <lb/> | ||
say £10 or £<unclear>9</unclear><!-- or, 5 --> : that is to say , a part of the | say £10 or £<unclear>9</unclear><!-- or, 5 --> : that is to say, a part of the | ||
<lb/> | <lb/> | ||
whole mass might be broken down with a view to | whole mass might be broken down with a view to | ||
<lb/> | <lb/> | ||
general circulation , a competent portion <add>being reserved</add> in the present | general circulation, a competent portion <add>being reserved</add> in the present | ||
<lb/> | <lb/> | ||
large sums <del>being</del> for operations on a large scale. | large sums <del>being</del> for operations on a large scale. | ||
<lb/></p> | <lb/></p> | ||
<p>2. | <p>2. It might be furnished with the proposed aids | ||
<lb/> | <lb/> | ||
<!-- indent -->to computation , by proper Tables printed on the <add>front or</add> back | <!-- indent -->to computation, by proper Tables printed on the <add>front or</add> back | ||
<lb/> | <lb/> | ||
<!-- indent -->of it | <!-- indent -->of it | ||
| Line 39: | Line 39: | ||
<p>3 - It might be made to remove those facilities | <p>3 - It might be made to remove those facilities | ||
<lb/> | <lb/> | ||
<!-- indent -->for general circulation , which depend upon the | <!-- indent -->for general circulation, which depend upon the | ||
<lb/> | <lb/> | ||
<!-- indent -->physical qualities of the paper <hi rend='underline'>—</hi> <add>viz: upon</add> the size, firm | <!-- indent -->physical qualities of the paper <hi rend='underline'>—</hi> <add>viz: upon</add> the size, firm | ||
<lb/> | <lb/> | ||
<!-- indent -->texture and thinness , and which are possessed by the | <!-- indent -->texture and thinness, and which are possessed by the | ||
<lb/> | <lb/> | ||
<!-- indent -->notes which compose the currency of the Bank of | <!-- indent -->notes which compose the currency of the Bank of | ||
| Line 49: | Line 49: | ||
<!-- indent -->England. | <!-- indent -->England. | ||
<lb/></p> | <lb/></p> | ||
<p>4. | <p>4. It might be made to receive those <add>put in possession of the new</add> securities | ||
<lb/> | <lb/> | ||
<!-- indent -->against forgery , which has been proposed. | <!-- indent -->against forgery, which has been proposed. | ||
<lb/></p> | <lb/></p> | ||
<p>5. | <p>5. Markets for the purchase of it might be opened | ||
<lb/> | <lb/> | ||
<!-- indent -->all over the country , by the simple expedient of | <!-- indent -->all over the country, by the simple expedient of | ||
<lb/> | <lb/> | ||
<!-- indent --><del>lodging</del> remitting it in such quantities and proportions | <!-- indent --><del>lodging</del> remitting it in such quantities and proportions | ||
| Line 61: | Line 61: | ||
<!-- indent -->as should be deemed advisable in the several | <!-- indent -->as should be deemed advisable in the several | ||
<lb/> | <lb/> | ||
<!-- indent -->local offices already in the <unclear>Jury</unclear> of Government : | <!-- indent -->local offices already in the <unclear>Jury</unclear> of Government: | ||
<lb/> | <lb/> | ||
<!-- indent -->for example Post Offices , Stamp-Offices , | <!-- indent -->for example Post Offices, Stamp-Offices, | ||
<lb/> | <lb/> | ||
<!-- indent -->Excise Offices , Custom House Offices — <add>It</add> | <!-- indent -->Excise Offices, Custom House Offices — <add>It</add> | ||
<lb/></p> | <lb/></p> | ||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Note
Recapitulation & Conclusion
Annuity Notes
Note (a) Note
Supposing the general plan & the proposed Annuity
Note currency to be discarded, an advantage
upon a smaller scale might still be derivable from
it, by applying some of the features of it to the improvement
of the existing species of Government currency
called an Exchequer Bill, in such manner as to cause it to be accepted of at a lower rate of interest than it would otherwise be
1. It might be made out for much smaller sums
say £10 or £9 : that is to say, a part of the
whole mass might be broken down with a view to
general circulation, a competent portion being reserved in the present
large sums being for operations on a large scale.
2. It might be furnished with the proposed aids
to computation, by proper Tables printed on the front or back
of it
3 - It might be made to remove those facilities
for general circulation, which depend upon the
physical qualities of the paper — viz: upon the size, firm
texture and thinness, and which are possessed by the
notes which compose the currency of the Bank of
England.
4. It might be made to receive those put in possession of the new securities
against forgery, which has been proposed.
5. Markets for the purchase of it might be opened
all over the country, by the simple expedient of
lodging remitting it in such quantities and proportions
as should be deemed advisable in the several
local offices already in the Jury of Government:
for example Post Offices, Stamp-Offices,
Excise Offices, Custom House Offices — It
