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<!-- The whole folio has been diagonally deleted (from left to right, and right to left), consequently delete tage have been placed at the start and finish of the folio. --> | <!-- The whole folio has been diagonally deleted (from left to right, and right to left), consequently delete tage have been placed at the start and finish of the folio. --> | ||
<p | <p>I will Suppose the <sic>measers</sic> established just | ||
<lb/> | <lb/> | ||
before the Christmas recess 1800: and between | before the Christmas recess 1800: and between | ||
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that and the next Christmas 1801 & suppose | that and the next Christmas 1801 & suppose | ||
<lb/> | <lb/> | ||
the quantity issued to amount to 10 millions. <note>The Annuity Note Paper would not only take 13 1/3<!-- thirteen and a third --> million of Stock into the market — but pour into it 7 1/2<!-- seven and a half --> million of money upon the | the quantity issued to amount to 10 millions. <note>The Annuity Note Paper would not only take 13 1/3<!-- thirteen and a third --> million of Stock into the market — but pour into it 7 1/2<!-- seven and a half --> million of money upon the failing of cash> Whereas the Land Tax Sub only takes money out of the market without putting in cash. </note> | ||
<lb/> | <lb/> | ||
At the <del><gap/></del> <add>announcement</add> of the issue suppose 3 | At the <del><gap/></del> <add>announcement</add> of the issue suppose 3 per Cents | ||
<lb/> | <lb/> | ||
<add>to be</add> at 65: and <del>by the</del> partly by this firstly by the | <add>to be</add> at 65: and <del>by the</del> partly by this firstly by the | ||
<lb/> | <lb/> | ||
other < | other <unclear>cooperating</unclear> causes suppose that by Christmas | ||
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day 1801 3 | day 1801 3 per Cents have been raised to 85. | ||
<lb/> | <lb/> | ||
Between 65 and 85 the <del>are</del> middle | Between 65 and 85 the <del>are</del> middle now representing | ||
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the average price is 75. At this | the average price is 75. At this | ||
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£133:6:8 worth will have been bought in: | £133:6:8 worth will have been bought in: | ||
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total <add>of 3 | total <add>of 3 per Cent Stock Annuities</add> bought in by the whole £10 millions | ||
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£13,333,333:6:8.<!-- symbols above the 6 and 8 ( | £13,333,333:6<hi rend='superscript'>s</hi>:8<hi rend='superscript'>d</hi>.<!-- symbols above the 6 and 8 (shillings and pence/pennies? --> | ||
</p> | |||
<p>If £10 millions worth need no more nor <add>came to be</add> | <p>If £10 millions worth need no more nor <add>came to be</add> | ||
<lb/> | <lb/> | ||
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time it will <del>p</del> be enough to present such | time it will <del>p</del> be enough to present such | ||
<lb/> | <lb/> | ||
a prospect for the whole year as to the | a prospect for the whole year as to the prices | ||
<lb/> | <lb/> | ||
of the loan <del>for</del> constrasted for suppose on Lady Day | of the loan <del>for</del> constrasted for suppose on Lady Day | ||
<lb/> | <lb/> | ||
from the above supposed 65 to 70. | from the above supposed 65 to 70. | ||
</p> | |||
I will Suppose the measers established just
before the Christmas recess 1800: and between
that and the next Christmas 1801 & suppose
the quantity issued to amount to 10 millions. The Annuity Note Paper would not only take 13 1/3 million of Stock into the market — but pour into it 7 1/2 million of money upon the failing of cash> Whereas the Land Tax Sub only takes money out of the market without putting in cash.
At the announcement of the issue suppose 3 per Cents
to be at 65: and by the partly by this firstly by the
other cooperating causes suppose that by Christmas
day 1801 3 per Cents have been raised to 85.
Between 65 and 85 the are middle now representing
the average price is 75. At this
rate for every Am £100 worth of Annuity
Notes issued £100 £100: worth of Stock Annuities
and a third of £100 worth making together
£133:6:8 worth will have been bought in:
total of 3 per Cent Stock Annuities bought in by the whole £10 millions
£13,333,333:6s:8d.
If £10 millions worth need no more nor came to be
issued in the course of the whole year, not
near so much as 1/4 of the 10 million
2 1/2 million will hardly have been issued by the end
of the first quarter: but if suppose no more than a
single million to have been issued by that early
time it will p be enough to present such
a prospect for the whole year as to the prices
of the loan for constrasted for suppose on Lady Day
from the above supposed 65 to 70.
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Identifier: | JB/002/247/002"JB/" can not be assigned to a declared number type with value 2. |
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5 continued |
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002 |
annuity notes |
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247 |
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002 |
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text sheet |
1 |
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recto |
f156 |
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jeremy bentham |
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[[notes_public::"the text is continued at p. 160. there is no page 159" [note in bentham's hand]]] |
986 |
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