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22-May-2013: under construction by Diane Folan. Please do not amend. | |||
<head>17</head><!-- in pencil --> | <head>17</head><!-- in pencil --> | ||
<p><!-- indented --><note>Ch. Advantages<lb/> Financial<lb/> Period I<lb/> <del>12</del><lb/> 2. Interest forborne</note><!-- in pencil --> <note>12 | <p><!-- indented --><note>Ch. Advantages<lb/> Financial<lb/> Period I<lb/> <del>12</del><lb/> 2. Interest forborne</note><!-- in pencil --> <note>12 The amount of this branch of profit will be as the length of Period I .</note><!-- note in pencil --> As to the quantum of this branch of profit , the | ||
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principal part — that which may be regarded as | principal part — that which may be regarded as | ||
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<p><!-- indented -->Should this period prove a short one — the | <p><!-- indented -->Should this period prove a short one — the | ||
<lb/> | <lb/> | ||
probable length of it <add>(according to a supposition that will be stated a little further | probable length of it <add>(according to a supposition that will be stated a little further on)</add> <note>Reference onwards.</note><!-- 2 words in red, the rest in pencil --> <note>13 This branch of profit can not <unclear>come</unclear> without bringing in others to much greater amount .</note><!-- note in pencil (with the exception of the first 2 words) --> , not exceeding two <unclear>other</unclear> | ||
<lb/> | <lb/> | ||
years , this <del> | years , this <del>a</del> branch of profit will be proportionably | ||
<lb/> | <lb/> | ||
inconsiderable : but whenever it vanishes , it vanishes | inconsiderable : but whenever it vanishes , it vanishes | ||
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Annuities are to be purchased under par , none | Annuities are to be purchased under par , none | ||
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of those customers for <add>whose circumstances it | of those customers for <add>whose circumstances it suits to <unclear>borrow</unclear></add> Stock Annuities will in | ||
<lb/> | <lb/> | ||
respect of that portion of their money become customers | respect of that portion of their money become customers | ||
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of the customers for Stock Annuities : and | of the customers for Stock Annuities : and | ||
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in as much as the <del> | in as much as the <del>quan</unclear></del> mass of Stock Annuities will | ||
<lb/> | <lb/> | ||
be lessened every day by the operation of the <gap/><!-- looks like 'sinbury' --> | be lessened every day by the operation of the <gap/><!-- looks like 'sinbury' --> | ||
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fund : while the mass of Note Annuities can not be | fund : while the mass of Note Annuities can not be | ||
<lb/> | <lb/> | ||
increased <del>reducing to</del> <add>diminishing by</add> at least an equal amount | |||
<lb/> | <lb/> | ||
no mass of Stock Annuities , the <add>[-]</add> <del>customers</del> for government | no mass of Stock Annuities , the <add>[-]</add> <note>[+] <add>owners of the</add> continually increasing mass of money <gap/><!-- I would say 'supply' but it doesn't look as though there are 2 'p's --> to be <sic>employd</sic> in the purchase</note> <del>customers</del> for government | ||
<lb/> | |||
Annuities is <add>to serve</add> a source of permanent income | |||
<lb/> | |||
will have no other <unclear>resource</unclear> to <hi rend='underline'>be</hi> in <unclear>want</unclear> for | |||
<lb/> | |||
Annuity Notes as they pass from hand to hand , and so impound | |||
<lb/> | |||
them and take them out of the circulation . | |||
<lb/></p> | <lb/></p> | ||
22-May-2013: under construction by Diane Folan. Please do not amend.
17
Ch. Advantages
Financial
Period I
12
2. Interest forborne 12 The amount of this branch of profit will be as the length of Period I . As to the quantum of this branch of profit , the
principal part — that which may be regarded as
certain - will depend upon the quantity of that the
paper remaining in circulation paper thus employed , and upon the time
during which the each parcel of that quantity issued thus employd remains in circulation .
It will depend consequently be on the length duration of
this first period .
Should this period prove a short one — the
probable length of it (according to a supposition that will be stated a little further on) Reference onwards. 13 This branch of profit can not come without bringing in others to much greater amount . , not exceeding two other
years , this a branch of profit will be proportionably
inconsiderable : but whenever it vanishes , it vanishes
as (will be seen) only to make way for a branch
of much superior importance . So long as Stock
Annuities are to be purchased under par , none
of those customers for whose circumstances it suits to borrow Stock Annuities will in
respect of that portion of their money become customers
for Note Annuities , which will not be to
be had but at par price . But no sooner are
Stock Annuities arrived at par price , than by
they these Note Annuities will be at least as well suited to the circumstances
of the customers for Stock Annuities : and
in as much as the quan</unclear> mass of Stock Annuities will
be lessened every day by the operation of the
fund : while the mass of Note Annuities can not be
increased reducing to diminishing by at least an equal amount
no mass of Stock Annuities , the [-] [+] owners of the continually increasing mass of money to be employd in the purchase customers for government
Annuities is to serve a source of permanent income
will have no other resource to be in want for
Annuity Notes as they pass from hand to hand , and so impound
them and take them out of the circulation .
