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<p><del>Were such the course pursued it might be<lb/> of use to <gap/>.</del></p> | <p><del>Were such the course pursued it might be<lb/> of use to <gap/>.</del></p> | ||
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Were the redemption thus to cease, it might<lb/> be <del>proper</del> <add>of me</add> to disclose, at the time that such cessation<lb/> were declared, that from thenceforward, as often as<lb/> <del>in</del> a <unclear>stock</unclear> were sent in for payment of interest<lb/> interest and principal should be paid together: <hi rend='superscript'>(a)</hi><note>(a) Note (a) on p. 123</note> as <lb/>is the practice at present in the case of Exchequer<lb/> Bills: and at the same time to declare a <unclear>respite</unclear><lb/> of the redemption for a certain time.</ | Were the redemption thus to cease, it might<lb/> be <del>proper</del> <add>of me</add> to disclose, at the time that such cessation<lb/> were declared, that from thenceforward, as often as<lb/> <del>in</del> a <unclear>stock</unclear> were sent in for payment of interest<lb/> interest and principal should be paid together: <hi rend='superscript'>(a)</hi><note>(a) Note (a) on p. 123</note> as <lb/>is the practice at present in the case of Exchequer<lb/> Bills: and at the same time to declare a <unclear>respite</unclear><lb/> of the redemption for a certain time.<lb/> | ||
The advantages would be—< | The advantages would be—</p> | ||
1. The <unclear>continuation</unclear> of the source of profit in<lb/> question (profit by interest <sic>undemanded</sic>) would be<lb/> more steady and <gap/>. For, in proportion to the<lb/> length of respite declared, the paper thus <sic>respited</sic> would<lb/> <del><gap/></del> come to bear a premium: <add>in circulation: the amount of</add> which premium, though <hi rend='underline'>limited</hi> by the rate of interest yielded by <lb/>the open spece <add><del><gap/> rated as</del></add> <del>if</del> (resorted or not resorted to) would<lb/> | <p>1. The <unclear>continuation</unclear> of the source of profit in<lb/> question (profit by interest <sic>undemanded</sic>) would be<lb/> more steady and <gap/>. For, in proportion to the<lb/> length of respite declared, the paper thus <sic>respited</sic> would<lb/> <del><gap/></del> come to bear a premium: <add>in circulation: the amount of</add> which premium, though <hi rend='underline'>limited</hi> by the rate of interest yielded by <lb/>the open spece <add><del><gap/> rated as</del></add> <del>if</del> (resorted or not resorted to) would<lb/> not be prevented by it from taking place. This <lb/>premium a man would lose, by sending in his<lb/> paper to be paid off at first: <hi rend='underline'>in general</hi> then,<lb/> <del>the</del> paper will <add>not</add> be sent in for that purpose, since consequently <del>any</del> <add><unclear>any</unclear></add> interest <add>be</add> paid by government.</p> | ||
<p>2. In payment, would thence forward be made upon<lb/> the proposed paper but that a <del>part of it would</del><lb/> <add><del>fair market</del> payment to</add> <lb/><add>a far greater amount would</add> go in redemption of principal: whosoever, without such<lb/> regulation, <del>the</del> no part of the money paid would take<lb/> that <del><unclear>productive</unclear></del> <add>profitable</add> course. <head>The</head></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
Were such the course pursued it might be
of use to .
Were the redemption thus to cease, it might
be proper of me to disclose, at the time that such cessation
were declared, that from thenceforward, as often as
in a stock were sent in for payment of interest
interest and principal should be paid together: (a)(a) Note (a) on p. 123 as
is the practice at present in the case of Exchequer
Bills: and at the same time to declare a respite
of the redemption for a certain time.
The advantages would be—
1. The continuation of the source of profit in
question (profit by interest undemanded) would be
more steady and . For, in proportion to the
length of respite declared, the paper thus respited would
come to bear a premium: in circulation: the amount of which premium, though limited by the rate of interest yielded by
the open spece rated as if (resorted or not resorted to) would
not be prevented by it from taking place. This
premium a man would lose, by sending in his
paper to be paid off at first: in general then,
the paper will not be sent in for that purpose, since consequently any any interest be paid by government.
2. In payment, would thence forward be made upon
the proposed paper but that a part of it would
fair market payment to
a far greater amount would go in redemption of principal: whosoever, without such
regulation, the no part of the money paid would take
that productive profitable course. The
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Identifier: | JB/002/219/001"JB/" can not be assigned to a declared number type with value 2. |
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12 |
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002 |
annuity notes |
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219 |
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001 |
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text sheet |
1 |
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recto |
f121 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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958 |
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