JB/002/625/001

Click Here To Edit

Part I B 1 Annuity Notes

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 Notes Notice
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, correspondentwill
be to be sent to each Post Office in the first instance, and
thereafter kept up correspondent in its amount to 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
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