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<head>16</head><!-- right-aligned and written in pencil --> | <head>16</head><!-- right-aligned and written in pencil --> | ||
<head>1 <note>Annuity Notes</note></head><!-- heading and note in pencil --> | <head>1 <note>Annuity Notes</note></head><!-- heading and note in pencil --> | ||
<p><!-- indented --><note><unclear>Elucidations</unclear></note> <note>[25] | <p><!-- indented --><note><unclear>Elucidations</unclear></note> <note>[25] continued Probability that the number of Notes for which payment of interest is demanded, will be but Small.</note><!-- written in pencil --> <del>The means of obtaining payment , if demanded, | ||
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must of course be provided : and the provision made | must of course be provided : and the provision made | ||
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made. But, what is very material , and worthy of | made. But, what is very material , and worthy of | ||
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remark is — the probability that <del>the <add>eventual</add> number</del> of | remark is —</del><!-- paragraph deleted in pencil --> the probability that <del>the <add>eventual</add> number</del><!-- deleted in pencil --> of | ||
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<del>demands will</del> in comparison of the greatest possible | <del>demands will</del><!-- deleted in pencil --> in comparison of the greatest possible | ||
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number <add>of demands</add> , that is if the whole number of notes issued | number <add>of demands</add> , that is if the whole number of notes issued | ||
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from government . Interest without Principal — | from government . Interest without Principal — | ||
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the <del>sum</del> small sum < | the <del>sum</del> small sum <unclear>comprising</unclear> the interest of one | ||
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of these notes for a year a man will seldom have <add>it will seldom happen to a</add> | of these notes for a year a man will seldom have <add>it will seldom happen to a</add> | ||
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<add>man to have</add> occasion for: in so far as he | <add>man to have</add> occasion for: in so far as he betakes himself | ||
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to this expedient , in so far a man departs from the | to this expedient , in so far a man departs from the | ||
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mass of income , <del>to</del> scarce considerable enough | mass of income , <del>to</del> scarce considerable enough | ||
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to constitute an < | to constitute an <sic><unclear>adequant</unclear></sic> <add><gap/></add> motive . If the receipt | ||
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of a sum , thus small be really an object to a | of a sum , thus small be really an object to a | ||
16
1 Annuity Notes
Elucidations [25] continued Probability that the number of Notes for which payment of interest is demanded, will be but Small. The means of obtaining payment , if demanded,
must of course be provided : and the provision made
must be such as shall be adequate to the greatest
possible number of demands that can come to be
made. But, what is very material , and worthy of
remark is — the probability that the eventual number of
demands will in comparison of the greatest possible
number of demands , that is if the whole number of notes issued
from the commencement of the institution down to
any given year by the eventual number [of demands] will may
cause to be but few , it sums likely to suppose be comparatively inconsiderable.
Payment of principal and interest
together , if that be what a man wants, he will
obtain if some individual , in the by by passing the a manual
transfer of the Note note from hand to hand with still less trouble than
from government . Interest without Principal —
the sum small sum comprising the interest of one
of these notes for a year a man will seldom have it will seldom happen to a
man to have occasion for: in so far as he betakes himself
to this expedient , in so far a man departs from the
plan of accumulation: and this for the sake of a
mass of income , to scarce considerable enough
to constitute an adequant motive . If the receipt
of a sum , thus small be really an object to a
man , it will can scarcely be so , but by reason of the
pressure of some temporary demand : but if the
demand be but temporary , a mode an easier course of satisfaction
easier than that of receiving the interest due on the
Note , will be to pledge it for a time with somebody
for the sum desired. If the number of Notes
of this kind possessed by a single individual be
of such a magnitude , that the interest upon the whole
number be a sum old equal to the value of one such
note , a reader mode in which the amount of that sum may be
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Identifier: | JB/002/150/001"JB/" can not be assigned to a declared number type with value 2. |
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[[marginal_summary_numbering::[25] continued]] |
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002 |
annuity notes |
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150 |
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001 |
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text sheet |
1 |
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recto |
d16 / e1 |
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jeremy bentham |
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889 |
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