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<p> 16 Sept. 1800 + <note>110</note><lb/> 3 <note> Annuity Notes<lb/> Abstract</note></p><p> <note> Advantages <gap/><lb/> Conclude <unclear>2</unclear> Period</note></p> <p. <note> <del>51</del> ?<lb/> State of the<lb/>Annuity Note proper<lb/> on the redemption<add> last year</add><lb/> of the last <gap/> <lb/> of the National Debt.<lb/> the reduction will<lb/> either go on beyond<lb/> the month of Period<lb/> 10, and so on with <add><sic>till</sic></add><lb/> <del> <gap/> and or </gap></del> <add> the point of stop </add> <lb/> <del> short</del> or <gap/> <lb/> or stop short before<lb/> that year, according<lb/> to circumstances<lb/> the <add> general</add> rub of general<lb/> interest.</note> </p> <p> Ch. <del> <head>Concluding period</head>.</del></p> <p> After the <del>reduction</del> <add> exoneration they</add> effected in the course of<lb/> th<del>is</del>e fourth period by <del>reducing</del> <add> the reduction of</add> the rate of <lb/> interest to the £1.9<hi rend="superscript">s</hi>:6<hi rend="superscript">d</hi> <add> which is</add> the rate given<lb/> by the paper of the third issue — as it <add> or is it not</add> likely<lb/> that the reduction <add> of interest</add> should have descended <lb/> any lower before the redemption of the last<lb/>portion of the principal of the debt? ) <del> the<lb/> amount of the reduction <add> degree of reduction</add>is a trifle more than <add> already brought to view</add><lb/> is by no means without <gap/>: it amounts to but a<lb/>50 per Cent: from £3 to £1. 10<hi rend="superscript">s</hi> would be<lb/> 50 per Cent without a mere trifle of excess: and fifty<lb/>50 per Cent exactly Fifty per cent exactly<lb/> was the amount afforded of the reduction asserted<lb/> in a period of <add> about</add> 33 years: viz: the period between<lb/> <gap/. 1717 and 1750: the reduction being then <add> rate being brought to this</add><lb/> before the grand reduction, brought thus <gap/> <lb/> no certain small parcels of the National debt</del> </p> <p> <note> <del>6</del> 2<lb/> I will mention<lb/> without stopping<lb/> of the reduction of <lb/> the rate of interest<lb/> in general keeps<lb/> pace with that of <lb/> the rate of government<lb/> interest</note></p> <p> the <add> reduction of the </add> rate of interest on the usury that had been<lb/> <add>thus</add> lent to Government, will stop short of this mark, <add> or stop at it</add> or go<lb/> beyond it, according to the influence, which the rate<lb/> thus <del><gap/></del> <add> allowed</add> by government turns out to <del><gap/></del><add> exercise</add> over<lb/> the rate of interest in general. that <add><del> an <gap/> <gap/></del> </add> the influence<lb/> which the Government rate of interest <del> <gap/> had <gap/> </del> <add> has, in ts rising state</add> <lb/> <del><gap/> rate</del> <add> maintained</add> over the general rate of interest, has<lb/> been considerable in matter of <del> <gap/></del> <add>shown</add> experience:<lb/> though the <del> influence</del> <add><del>experience<add><gap/> appeared</del> operation</add> of the restrictive laws, which <lb/>stop the rise <add> at the point of 5 per cent, even on the <del><gap/></del> <add> slenderest security</add> has rendered the<lb/> amount of this influence scarce capable of being <lb/>measured. The influence <del> in question</del> <add> of the rate of interest paid on the debt</add> can not but<lb/> <sic>increase</sic> <add></del>measured by the debt</del></add> with the magnitude of the debt, to which the<lb/> magnitude of the mass of capital poured into the market<lb/> <del>as we shall see</del> <add> (as will be seen) </add> by the redemption of that debt, <del><gap/></del> <add> will</add> be propositioned.<lb/> <add>The</add> </p> | |||
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16 Sept. 1800 + 110
3 Annuity Notes
Abstract
Advantages
Conclude 2 Period
<p. 51 ?
State of the
Annuity Note proper
on the redemption last year
of the last
of the National Debt.
the reduction will
either go on beyond
the month of Period
10, and so on with till
and or </gap> the point of stop
short or
or stop short before
that year, according
to circumstances
the general rub of general
interest.
Ch. Concluding period.
After the reduction exoneration they effected in the course of
thise fourth period by reducing the reduction of the rate of
interest to the £1.9s:6d which is the rate given
by the paper of the third issue — as it or is it not likely
that the reduction of interest should have descended
any lower before the redemption of the last
portion of the principal of the debt? ) the
amount of the reduction degree of reductionis a trifle more than already brought to view
is by no means without : it amounts to but a
50 per Cent: from £3 to £1. 10s would be
50 per Cent without a mere trifle of excess: and fifty
50 per Cent exactly Fifty per cent exactly
was the amount afforded of the reduction asserted
in a period of about 33 years: viz: the period between
<gap/. 1717 and 1750: the reduction being then rate being brought to this
before the grand reduction, brought thus
no certain small parcels of the National debt
6 2
I will mention
without stopping
of the reduction of
the rate of interest
in general keeps
pace with that of
the rate of government
interest
the reduction of the rate of interest on the usury that had been
thus lent to Government, will stop short of this mark, or stop at it or go
beyond it, according to the influence, which the rate
thus allowed by government turns out to exercise over
the rate of interest in general. that an the influence
which the Government rate of interest had has, in ts rising state
rate maintained over the general rate of interest, has
been considerable in matter of shown experience:
though the influence experience<add> appeared operation of the restrictive laws, which
stop the rise at the point of 5 per cent, even on the <add> slenderest security has rendered the
amount of this influence scarce capable of being
measured. The influence in question of the rate of interest paid on the debt can not but
increase measured by the debt with the magnitude of the debt, to which the
magnitude of the mass of capital poured into the market
as we shall see (as will be seen) by the redemption of that debt, will be propositioned.
The
