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<!-- ENTER TRANSCRIPTION BELOW THIS LINE --><!-- the numbers 8 and 9 in brackets are written in pencil --> | <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | ||
<p>[8][<hi rend='underline'>Making 3'.9<hi rend='superscript'>d</hi> <add>7'.7<hi rend='superscript'>d</hi> a year</hi></add>] | |||
] These intimations<lb/>seem — both of them — calculated to give<lb/>satisfaction to a customer; <add>purchaser;</add> and thereby to attract<lb/>customers.<add>purchasers</add> The interest <hi rend='underline'>per diem</hi> — half<!-- the word half is stricken out in pencil --> a farthing<lb/> — is so minute that without a good deal<lb/>of consideration — more consideration than seems<lb/>worth bestowing upon it — a man would scarce<lb/>be able to form any distinct conception of the<lb/>value. The rate of interest, expressed in the way<lb/>in which the rate of interest given for money is<lb/> customarily expressed, seems to give a man <add>a distinct</add> an idea <lb/>of the degree of profit a man makes by placing<lb/> out his money in this way.<lb/></p><p>On Exchequer Bills neither the <add>total</add> interest per<lb/> annum to be made on each Bill — (the total<lb/>of profit to be made in the course of a year or <lb/>such large part of it as the Bill may have to <lb/>run —) nor the rate of interest — (in proportion<lb/>of profit to the sum invested — ) are thus exhibited.<lb/>At 3½ a day (the interest allowed within these<lb/>two or three years) the total <del>profit</del> of yearly interest<lb/>is £5:6':5<hi rend='superscript'>d</hi>½: the rate of interest therefore 5⅓ <lb/>per cent per annum very nearly: at 2½. more<lb/> viz: at £5:6':8<hi rend='superscript'>d</hi> it would be exactly 5⅓.<lb/></p><p>These intimations <del>it</del> may, it is supposed — be regarded<lb/>as so many improvements made upon the Form<lb/><del>observed</del> <add>pursued</add> in the framing <add>phraseology</add> of Exchequer Bills: though in<lb/> proportion to the minuteness of the daily sum, the demand for<lb/> such elucidations is greater in the present instance than in<lb/>that. The advantage resulting from them will be demand<lb/>sufficient — it is supposed — to pay for the place they<lb/> occupy in the Note: — if not, it will be easy to strike them out | <!-- the numbers 8 and 9 in brackets are written in pencil --> | ||
<p>[8][<hi rend='underline'>Making 3<hi rend='superscript'>s</hi>.9<hi rend='superscript'>d</hi> <add>7<hi rend='superscript'>s</hi>.7<hi rend='superscript'>d</hi> a year</hi></add>] </p> | |||
<p>[9][<hi rend='underline'>At the rate of 3 per Cent per annum</hi>] These intimations<lb/>seem — both of them — calculated to give<lb/>satisfaction to a customer; <add>purchaser;</add> and thereby to attract<lb/>customers.<add>purchasers</add> The interest <hi rend='underline'>per diem</hi> — half<!-- the word half is stricken out in pencil --> a farthing<lb/> — is so minute that without a good deal<lb/>of consideration — more consideration than seems<lb/>worth bestowing upon it — a man would scarce<lb/>be able to form any distinct conception of the<lb/>value. The rate of interest, expressed in the way<lb/>in which the rate of interest given for money is<lb/> customarily expressed, seems to give a man <add>a distinct</add> an idea <lb/>of the degree of profit a man makes by placing<lb/> out his money in this way.<lb/></p> | |||
<p>On Exchequer Bills neither the <add>total</add> interest per<lb/> annum to be made on each Bill — (the total<lb/>of profit to be made in the course of a year or <lb/>such large part of it as the Bill may have to <lb/>run —) nor the rate of interest — (in proportion<lb/>of profit to the sum invested — ) are thus exhibited.<lb/>At 3½ a day (the interest allowed within these<lb/>two or three years) the total <del>profit</del> of yearly interest<lb/>is £5:6<hi rend='superscript'>s</hi>:5<hi rend='superscript'>d</hi>½: the rate of interest therefore 5⅓ <lb/>per cent per annum very nearly: at 2½. more<lb/> viz: at £5:6<hi rend='superscript'>s</hi>:8<hi rend='superscript'>d</hi> it would be exactly 5⅓.<lb/></p> | |||
<p>These intimations <del>it</del> may, it is supposed — be regarded<lb/>as so many improvements made upon the Form<lb/><del>observed</del> <add>pursued</add> in the framing <add>phraseology</add> of Exchequer Bills: though in<lb/> proportion to the minuteness of the daily sum, the demand for<lb/> such elucidations is greater in the present instance than in<lb/>that. The advantage resulting from them will be demand<lb/>sufficient — it is supposed — to pay for the place they<lb/> occupy in the Note: — if not, it will be easy to strike them out.</p> | |||
[8][Making 3<hi rend='superscript'>s.9d 7s.7d a year</hi>]
[9][At the rate of 3 per Cent per annum] These intimations
seem — both of them — calculated to give
satisfaction to a customer; purchaser; and thereby to attract
customers.purchasers The interest per diem — half a farthing
— is so minute that without a good deal
of consideration — more consideration than seems
worth bestowing upon it — a man would scarce
be able to form any distinct conception of the
value. The rate of interest, expressed in the way
in which the rate of interest given for money is
customarily expressed, seems to give a man a distinct an idea
of the degree of profit a man makes by placing
out his money in this way.
On Exchequer Bills neither the total interest per
annum to be made on each Bill — (the total
of profit to be made in the course of a year or
such large part of it as the Bill may have to
run —) nor the rate of interest — (in proportion
of profit to the sum invested — ) are thus exhibited.
At 3½ a day (the interest allowed within these
two or three years) the total profit of yearly interest
is £5:6s:5d½: the rate of interest therefore 5⅓
per cent per annum very nearly: at 2½. more
viz: at £5:6s:8d it would be exactly 5⅓.
These intimations it may, it is supposed — be regarded
as so many improvements made upon the Form
observed pursued in the framing phraseology of Exchequer Bills: though in
proportion to the minuteness of the daily sum, the demand for
such elucidations is greater in the present instance than in
that. The advantage resulting from them will be demand
sufficient — it is supposed — to pay for the place they
occupy in the Note: — if not, it will be easy to strike them out.
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Identifier: | JB/002/139/001"JB/" can not be assigned to a declared number type with value 2. |
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[[marginal_summary_numbering::[8] [9]]] |
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002 |
annuity notes |
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139 |
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001 |
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text sheet |
1 |
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recto |
d4 |
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jeremy bentham |
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878 |
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