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<head>B</head> | |||
<head>5 Political Prospects</head><!-- headings in pencil --> | |||
<note>Bankruptcy Probability.</note><!-- note in pencil --> | |||
<add>Such as it is the new Sinking or <del><gap/></del> as it might be called<lb/> | |||
Redemption Fund is the only instrument the nature of things affords<lb/> | |||
us for staving off Bankruptcy: and the chances it affords us of</add><lb/> | |||
The chance therefore which the Nation has for continuing<lb/> | |||
<add>being able to stave it off for ever or <del>for</del></add> clear of Bankruptcy for an indefinite time seems to be this.<lb/> | |||
<note><hi rend='superscript'>[x]</hi> the only <gap/> instrument</note> Bankruptcy will not or at least need not take place, even<lb/> | |||
in a time of war, so long as the money that can be borrowed <add>raised</add><lb/> | |||
<add><del>in the year</del></add> in the year, i:e: raised by the sale of annuities,<lb/> | |||
will with the addition of the produce of the sinking fund<lb/> | |||
of that year suffice for the services of the years <unclear>sum</unclear> for<lb/> | |||
every £100,000 of Government Annuities that Government has<lb/> | |||
bought in it has £100,000 worth <add><gap/>, £100,000 worth</add> of the produce of its taxes<lb/> | |||
<add>so far</add> at its disposal, that it can employ them in the current service<lb/> | |||
without breach of its engagements to any individual,<lb/> | |||
without <del><gap/></del> <add>producing</add> any reduction of income on the part of any of<lb/> | |||
its creditors. | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} |
B 5 Political Prospects
Bankruptcy Probability.
Such as it is the new Sinking or as it might be called
Redemption Fund is the only instrument the nature of things affords
us for staving off Bankruptcy: and the chances it affords us of
The chance therefore which the Nation has for continuing
being able to stave it off for ever or for clear of Bankruptcy for an indefinite time seems to be this.
[x] the only instrument Bankruptcy will not or at least need not take place, even
in a time of war, so long as the money that can be borrowed raised
in the year in the year, i:e: raised by the sale of annuities,
will with the addition of the produce of the sinking fund
of that year suffice for the services of the years sum for
every £100,000 of Government Annuities that Government has
bought in it has £100,000 worth , £100,000 worth of the produce of its taxes
so far at its disposal, that it can employ them in the current service
without breach of its engagements to any individual,
without producing any reduction of income on the part of any of
its creditors.
Identifier: | JB/107/172/001"JB/" can not be assigned to a declared number type with value 107. |
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107 |
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172 |
political prospects |
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001 |
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text sheet |
1 |
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recto |
e5 |
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jeremy bentham |
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35163 |
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