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<head>Addition to Talk of Annuity Note Currency.</head> | |||
<p>The two Series's <add>or Scales</add> here given, with their <lb/>respective <hi rend='underline'>halves</hi> and <hi rend='underline'>doubles</hi> <del>se are</del> <add>will be found to be</add> the only<lb/> convenient Series's for a currency on which daily<lb/> interest is to be computed. The <del>sum</del> <add>series,</add> having the<lb/> £12:16<hi rend='superscript'>d</hi> <add>Note</add> for its standard Note, giving for the rate <lb/>of <del>annual</del> <add>yearly</add> interest £2:19<hi rend='superscript'>d</hi>:4-3/4; @ £3, <add>being a trifle less than</add> <note><del>any intermediate must it woul</del></note> per <lb/>Cent: <del>nearly</del> the series, having <add>the £16 Note</add> for its standard<lb/> Note, <!-- partial letter struck out --> giving, for the rate of yearly interest<lb/> £2:7:6<hi rend='superscript'>d</hi>1/4; being a trifle more than 2-3/8 per <lb/>Cent. </p> | |||
<p>By <del>making</del> <add>altering</add> the principal, <hi rend='superscript'>+</hi> <note><hi rend='superscript'>+</hi> or purchase money for the standard amount of interest viz: a farthing a day,</note> <del>instead of</del> <lb/><add>from</add> £16 <add>to no more than</add> half as much, viz: £8, the rate of interest<lb/> would be doubled, i:e: raised <add>from a trifle more than 2-3/8 per cent</add> to a trifle more<lb/> than 4-3/4 per Cent: <del>a</del> but by allowing this <lb/>rate, <del>instead of profit</del> at the present period<lb/> (viz: A<hi rend='superscript'>d</hi> 1800) <del>there woul</del> instead of profit there<lb/> would be loss: the rate given by the last Loan<lb/> (21<hi rend='superscript'>st</hi> Feb.<hi rend='superscript'>y</hi> 1800) being no more than £4:14<hi rend='superscript'>st</hi>:2<hi rend='superscript'>d</hi>1/4<lb/> per Cent: instead of near £4:15:0-1/2 per Cent which <!-- sentence continues in margin--> would be the rate allowed if no more than £8 were taken for the above standard amount of interest. </p> | |||
<p>By <del>doubling</del> <add><del>making</del><add>altering</add></add> the principal or purchase-money<lb/> of the <add>said</add> standard amount of interest, <del>viz:<lb/> instead of</del> <add>from</add> £12:16 <add>to</add> as much again, viz: £25,<lb/> the rate of interest <add>corresponding to that amount</add> would be reduced by one half; <lb/>i:e: reduced <add>from almost 3 per Cent</add> to <del>a trifle less than</del> £:1:9<hi rend='superscript'>s</hi>:8-1/4,<lb/> being a trifle less than 1-1/2 per Cent. </p> | |||
<p>If, instead of being reduced by an half <add><del>Pres</del></add><lb/> as above, the <del>£16</del> purchase money of the said<lb/> standard amount of interest were to be doubled;<lb/> i:e: raised from £16 to £32, the rate<lb/> | |||
<add>of</add></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Addition to Talk of Annuity Note Currency.
The two Series's or Scales here given, with their
respective halves and doubles se are will be found to be the only
convenient Series's for a currency on which daily
interest is to be computed. The sum series, having the
£12:16d Note for its standard Note, giving for the rate
of annual yearly interest £2:19d:4-3/4; @ £3, being a trifle less than any intermediate must it woul per
Cent: nearly the series, having the £16 Note for its standard
Note, giving, for the rate of yearly interest
£2:7:6d1/4; being a trifle more than 2-3/8 per
Cent.
By making altering the principal, + + or purchase money for the standard amount of interest viz: a farthing a day, instead of
from £16 to no more than half as much, viz: £8, the rate of interest
would be doubled, i:e: raised from a trifle more than 2-3/8 per cent to a trifle more
than 4-3/4 per Cent: a but by allowing this
rate, instead of profit at the present period
(viz: Ad 1800) there woul instead of profit there
would be loss: the rate given by the last Loan
(21st Feb.y 1800) being no more than £4:14st:2d1/4
per Cent: instead of near £4:15:0-1/2 per Cent which would be the rate allowed if no more than £8 were taken for the above standard amount of interest.
By doubling making<add>altering</add> the principal or purchase-money
of the said standard amount of interest, viz:
instead of from £12:16 to as much again, viz: £25,
the rate of interest corresponding to that amount would be reduced by one half;
i:e: reduced from almost 3 per Cent to a trifle less than £:1:9s:8-1/4,
being a trifle less than 1-1/2 per Cent.
If, instead of being reduced by an half Pres
as above, the £16 purchase money of the said
standard amount of interest were to be doubled;
i:e: raised from £16 to £32, the rate
of
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Identifier: | JB/002/096/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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096 |
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001 |
addition to table of annuity note currency |
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text sheet |
1 |
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recto |
f1 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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835 |
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