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' | <p> <note>40</note><lb/> <note>1</note></p> <p> <note> Ch. Grounds<lb/> VII. Universal<lb/> Occasion<lb/> 38<lb/> 2. in respect<lb/> of <hi rend="underline">casual income</hi></note></p><p> <del>II. Receipt of Monies received in the shape of <hi rend="underline">casual</hi></del> <lb/> II Monies received in the <gap/> of casual income <add><del>income</del> </add>, and <lb/> coming in in day by day in driblets</p> <p> Supposing the income in each instance to be received<lb/> in equal proportions every day in the year,<lb/> <add> half year or quarter</add> and to be hoarded to the end of <del>the</del> <add> each</add> year, half<lb/> year or quarter, the results will be the same to<lb/> the purpose of the quantity of being <sic>lend</sic> <lb/> out in the manner proposed as if the half of the <lb/> amount were received in a lump in the middle<lb/> of such respective year, half year or quarter.<lb/> But as the demand for current expenses may<lb/> be considered as running at the same rate,<lb/> the half of the above half, that is the quarter<lb/>of the whole amount of income of this description<lb/> may be considered as the amount applicable to <lb/> the present purpose.</p><p> The following nor the entire <add> annual</add> amount seems <add><del>to be </del></add> set down<lb/> <add><del>placed</del></add> opposite the <del>above</del> respective articles in Mr<lb/> Pitts calculation, the purpose of which did not<lb/> require any such deduction as <add>just</add> above indicated<lb/> 1. Tenant's profits £19,000,000<lb/> 2. Professions ———— 2,000,000<lb/> 3. Profit on Foreign Trade, <del><gap/></del> computed at )<lb/> 15 per Cent on a sum of ( )<lb/> altered by a subsequent correction to <del> )<gap/>) )<lb/> £95,000 000 ———— ) )14,250,000<lb/> 4. d<hi rend="superscript">o</hi> Home Trade ———— ) 18,000,000<lb/> 5. Other Trade ———— 10,000,000<lb/> Total ———— 63,250,250<lb/> Deduct <Add> as above</add> 3/4 of £63,250,000 = <hi rend="underline">47,437,500</hi><lb/> Remains ———— ———— £15, 812, 500<lb/> Add fixed income as above <hi rend="underline">£60,000,000</hi> <lb/>Total of sums received in the year on )<lb/> the score of income, and <hi rend="underline">capable</hi> of being) £75,812,000<lb/><add><sic> employd</sic></add> within the same period in the purchase of )<lb/> Annuity Notes ————)</p> | ||
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40
1
Ch. Grounds
VII. Universal
Occasion
38
2. in respect
of casual income
II. Receipt of Monies received in the shape of casual
II Monies received in the of casual income income , and
coming in in day by day in driblets
Supposing the income in each instance to be received
in equal proportions every day in the year,
half year or quarter and to be hoarded to the end of the each year, half
year or quarter, the results will be the same to
the purpose of the quantity of being lend
out in the manner proposed as if the half of the
amount were received in a lump in the middle
of such respective year, half year or quarter.
But as the demand for current expenses may
be considered as running at the same rate,
the half of the above half, that is the quarter
of the whole amount of income of this description
may be considered as the amount applicable to
the present purpose.
The following nor the entire annual amount seems to be set down
placed opposite the above respective articles in Mr
Pitts calculation, the purpose of which did not
require any such deduction as just above indicated
1. Tenant's profits £19,000,000
2. Professions ———— 2,000,000
3. Profit on Foreign Trade, computed at )
15 per Cent on a sum of ( )
altered by a subsequent correction to )) )
£95,000 000 ———— ) )14,250,000
4. do Home Trade ———— ) 18,000,000
5. Other Trade ———— 10,000,000
Total ———— 63,250,250
Deduct as above 3/4 of £63,250,000 = 47,437,500
Remains ———— ———— £15, 812, 500
Add fixed income as above £60,000,000
Total of sums received in the year on )
the score of income, and capable of being) £75,812,000
employd within the same period in the purchase of )
Annuity Notes ————)
