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<head>Art. 15<lb/> 4</head> | |||
<p> What renders dispatch <add>—</add> habitual dispatch <add>—</add> so particularly material<lb/> in the present instance is — not the loss on the score of interest<lb/> by tardiness of payment but the danger of loss by non payment:<lb/> for the more frequently the hands of a receiver are<lb/> emptied of money in the course of a given period, the less<lb/> will be the quantity of money remaining in his hands on<lb/> an average on each day of that period and consequently <lb/>the less the amount of the loss capable of being made to fall<lb/> upon Government by <del>the</del> insolvency & criminal or accidental<lb/> on the part of these its agents — . </p> | |||
Art. 15
4
What renders dispatch — habitual dispatch — so particularly material
in the present instance is — not the loss on the score of interest
by tardiness of payment but the danger of loss by non payment:
for the more frequently the hands of a receiver are
emptied of money in the course of a given period, the less
will be the quantity of money remaining in his hands on
an average on each day of that period and consequently
the less the amount of the loss capable of being made to fall
upon Government by the insolvency & criminal or accidental
on the part of these its agents — .
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Identifier: | JB/002/429/001"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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429 |
art. 15 |
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001 |
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copy/fair copy sheet |
1 |
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recto |
e4 / f34 |
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1168 |
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