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Part I B<hi rend="superscript">-</hi> <note><del>13</del> <del>2</del><hi rend="superscript">d</hi>< | Part I B<hi rend="superscript">-</hi> <note><del>13</del> <del>2</del><hi rend="superscript">d</hi><lb/> | ||
1 Annuity Notes<lb/> | 1 Annuity Notes<lb/> | ||
Plan Remarks<lb/> | Plan Remarks<lb/> | ||
| Line 13: | Line 13: | ||
<p>That <del>at the expiration of the time time limited</del><lb/> | <p>That <del>at the expiration of the time time limited</del><lb/> | ||
<del>for the < | <del>for the <unclear>disprint</unclear> of the first issue of Annuity</del><lb/> | ||
<del>Notes <add>to the Subscribers</add> according to the terms of Subscription</del>,<lb/> | <del>Notes <add>to the Subscribers</add> according to the terms of Subscription</del>,<lb/> | ||
<del>if the terms in which they are disposed of are</del><lb/> | <del>if the terms in which they are disposed of are</del><lb/> | ||
| Line 26: | Line 26: | ||
in which case a supply of those notes, <del>cor</del><add>will</add><lb/> | in which case a supply of those notes, <del>cor</del><add>will</add><lb/> | ||
<del>correspondent</del><add>be to be sent to each Post Office in the first instance, and thereafter kept up correspondent in its amount to</add> the supposed probable amount of<lb/> | <del>correspondent</del><add>be to be sent to each Post Office in the first instance, and thereafter kept up correspondent in its amount to</add> the supposed probable amount of<lb/> | ||
the demand <add>at each Office</add> and the degree of | the demand <add>at each Office</add> and the degree of <unclear>solvency</unclear> on<lb/> | ||
the part of the Postmaster, as ensured by<lb/> | the part of the Postmaster, as ensured by<lb/> | ||
visible property and collateral security.</p> | visible property and collateral security.</p> | ||
Part I B- 13 2d
1 Annuity Notes
Plan Remarks
Connecting Obs
Succeding
1
Mode of obtaining
an Annuity Note
at a Post the P offices
That at the expiration of the time time limited
for the disprint of the first issue of Annuity
Notes to the Subscribers according to the terms of Subscription,
if the terms in which they are disposed of are
such as price they are found then to bear
in the market be such as would afford a profit
to Government, a supply of Annuity NotesNotice
be given for all such persons as are willing
to become purchasers of these Notes to make
application accordingly either at the Exchequer
Bill Office in Westminster or at any of the
Country Post Offices, as they think fit: and
in which case a supply of those notes, corwill
correspondentbe to be sent to each Post Office in the first instance, and thereafter kept up correspondent in its amount to the supposed probable amount of
the demand at each Office and the degree of solvency on
the part of the Postmaster, as ensured by
visible property and collateral security.
Demander to pay Principal and Interest to the day of
demand — and to obtain for it a Receipt — which he returns, on
receiving the Note
That in payment for such Annuity Notes 2
Country Postmaster
to be responsible for
goodness of the money
- if not in Bank
Notes
nothing be taken but Bank of England Notes.
The use of this provision is to prevent disputes
and frauds that might be apt to take
place if payment were taken in coin. If bad
money were not to be taken by at the Exchequer
the risk from the Country Postmasters, the risk to them
would be so great - so much superior to the small
for allowed, that they would be averse to the under
taking the agency, and even disposed rather to obstruct
the business than to promote it. If bad money were
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