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<!-- this page has been crossed through in pencil --> <head>Art.20</head> <p> 2 >note> Annuity Notes</note></p> <p> quantity of it than before, at a given price.<lb/> But <del>the que</del> by the arrival of the period <add> end of the</add> in <lb/> question the quantity <add> of the <gap/></add> (we hsall no reason to think)<lb/> will have received a considerable increase, and <del>at</del> <add> which</add><lb/> moreover <add. on the other hand</add> the amount of the demand will have received<lb?> a considerable increase.</p> <p> However, lest the fall <add>change</add> should appear too sudden<lb/> or the feasibility of it not sufficiently assured, and <lb/> as the concession of <add> redeemable</add> Stock Annuities in general 3<lb/> or <gap/> 5 per cent together into Note annuities at<lb/> 3 per cent will appear <add> naturally present itself</add> as am operation of<lb/> no small importance, <add> magnitude</add> and attended with an inconsiderable<lb/> mass of <add> financial profit and</add> advantage, I will suppose<lb/> the 2<hi rend="superscript">d</hi> emission of Note Annuity paper not to <lb/> be offered <sic>til</sic> after the conversion of the whole mass<lb/> of <add>redeemable</add> Stock Annuities into Note Annuity paper if <lb/> the first issue has been completed.</p> <p> <add>Conversion</add> </p> | |||
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Art.20
2 >note> Annuity Notes</note>
quantity of it than before, at a given price.
But the que by the arrival of the period end of the in
question the quantity of the (we hsall no reason to think)
will have received a considerable increase, and at which
moreover <add. on the other hand</add> the amount of the demand will have received<lb?> a considerable increase.
However, lest the fall change should appear too sudden
or the feasibility of it not sufficiently assured, and
as the concession of redeemable Stock Annuities in general 3
or 5 per cent together into Note annuities at
3 per cent will appear naturally present itself as am operation of
no small importance, magnitude and attended with an inconsiderable
mass of financial profit and advantage, I will suppose
the 2d emission of Note Annuity paper not to
be offered til after the conversion of the whole mass
of redeemable Stock Annuities into Note Annuity paper if
the first issue has been completed.
Conversion
