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that and the next Christmas 1801 & suppose | that and the next Christmas 1801 & suppose | ||
<lb/> | <lb/> | ||
the quantity issued to amount to 10 millions. | the quantity issued to amount to 10 millions. <note>The Annuity Note Paper would not only take 13 1/3<!-- thirteen and a third --> million of Stock into the market — but pour into it 7 1/2<!-- seven and a half --> million of money upon the <unclear>failing</unclear> of <unclear>cash</unclear> Whereas the Land Tax Sub only takes money out of the market without putting in cash. </note> | ||
<lb/> | <lb/> | ||
At the | At the <del><gap/></del> <add>announcement</add> of the issue suppose 3 <unclear>per Cents</unclear> | ||
<lb/> | <lb/> | ||
<add> | <add>to be</add> at 65: and <del>by the</del> partly by this firstly by the | ||
<lb/> | <lb/> | ||
other <gap/> causes suppose that by Christmas | other <gap/> causes suppose that by Christmas | ||
<lb/> | <lb/> | ||
day 1801 3 < | day 1801 3 <unclear>per Cents</unclear> have been raised to 85. | ||
<lb/> | <lb/> | ||
Between 65 and 85 the <del>< | Between 65 and 85 the <del>are</del> middle <unclear>have</unclear> representing | ||
<lb/> | <lb/> | ||
the average price is 75. At this | the average price is 75. At this | ||
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a prospect for the whole year as to the <unclear>prices</unclear> | a prospect for the whole year as to the <unclear>prices</unclear> | ||
<lb/> | <lb/> | ||
of the loan <del>for</del> | of the loan <del>for</del> constrasted for suppose on Lady Day | ||
<lb/> | <lb/> | ||
from the above supposed 65 to 70. | from the above supposed 65 to 70. | ||
I will Suppose the measers established just
before the Christmas recess 1800: and between
that and the next Christmas 1801 & suppose
the quantity issued to amount to 10 millions. The Annuity Note Paper would not only take 13 1/3 million of Stock into the market — but pour into it 7 1/2 million of money upon the failing of cash Whereas the Land Tax Sub only takes money out of the market without putting in cash.
At the announcement of the issue suppose 3 per Cents
to be at 65: and by the partly by this firstly by the
other causes suppose that by Christmas
day 1801 3 per Cents have been raised to 85.
Between 65 and 85 the are middle have representing
the average price is 75. At this
rate for every Am £100 worth of Annuity
Notes issued £100 £100: worth of Stock Annuities
and a third of £100 worth making together
£133:6:8 worth will have been bought in:
total of 3 per Cent Stock Annuities bought in by the whole £10 millions
£13,333,333:6:8.
If £10 millions worth need no more nor came to be
issued in the course of the whole year, not
near so much as 1/4 of the 10 million
2 1/2 million will hardly have been issued by the end
of the first quarter: but if suppose no more than a
single million to have been issued by that early
time it will p be enough to present such
a prospect for the whole year as to the prices
of the loan for constrasted for suppose on Lady Day
from the above supposed 65 to 70.
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Identifier: | JB/002/247/002"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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247 |
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002 |
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text sheet |
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recto |
f156 |
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jeremy bentham |
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[[notes_public::"the text is continued at p. 160. there is no page 159" [note in bentham's hand]]] |
986 |
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