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<head>Art. 17.</head> <p> <note>Notes</note> <note>50</note><lb/> <note> Annuity Notes</note> <lb/> <note> Plan<lb/> 1 Creation<lb/> Necessity of <lb/> such powers being</note> </p> <p> Powers to any such effect could not be exercised<lb/> after the adjustment of the terms of the<lb/> agreement between Government and the Note Holder<lb/> that is, after the issue of the note, without express<lb/> authority from Parliament, nor even then<lb/> without such a departure as nothing <del>t</del> short of<lb/> necessity could warrant, from the rules of strict<lb/> justice: because the effect would be, to add new<lb/> conditions to a bargain already made.</p> <p> <note> — though not<lb/> <gap/> in <lb/> the case of Exchequer<lb/> Bills/</note> </p> <p> No such powers (it is true) are either<lb/> exercised or conferred in the case of Exchequer<lb/> Bills: but in this respect the <gap/> cases stand<lb/> upon altogether different grounds. In the one<lb/>case the <add> utmost</add> duration of the Annuity is extremely <lb/> short: in the other <del> unless reduced</del> <add> subject to the chance of redemption</add> it is perpetual.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
Art. 17.
Notes 50
Annuity Notes
Plan
1 Creation
Necessity of
such powers being
Powers to any such effect could not be exercised
after the adjustment of the terms of the
agreement between Government and the Note Holder
that is, after the issue of the note, without express
authority from Parliament, nor even then
without such a departure as nothing t short of
necessity could warrant, from the rules of strict
justice: because the effect would be, to add new
conditions to a bargain already made.
— though not
in
the case of Exchequer
Bills/
No such powers (it is true) are either
exercised or conferred in the case of Exchequer
Bills: but in this respect the cases stand
upon altogether different grounds. In the one
case the utmost duration of the Annuity is extremely
short: in the other unless reduced subject to the chance of redemption it is perpetual.
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Identifier: | JB/002/447/001"JB/" can not be assigned to a declared number type with value 2. |
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not numbered |
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002 |
annuity notes |
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447 |
art. 17 |
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001 |
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text sheet |
1 |
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recto |
f50 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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1186 |
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