★ Find a new page on our Untranscribed Manuscripts list.
No edit summary |
No edit summary |
||
| Line 27: | Line 27: | ||
<p>I. <del>Expen</del> As to <hi rend="underline">Expense</hi>:- <add>viz:</add> as compared with profit.<lb/> | <p>I. <del>Expen</del> As to <hi rend="underline">Expense</hi>:- <add>viz:</add> as compared with profit.<lb/> | ||
<del>i:e: ratio of expence to profit</del>.</p> | <del>i:e: ratio of expence to profit</del>.</p> | ||
<add>In M<hi rend="superscript">r</hi></add> | <add>In M<hi rend="superscript">r</hi>Pelham's time, the</add> <del>The</del> profit consisted in reducing <add>to 3 per Cents</add> the whole amount<lb/> | ||
of the existing quantity of 4 per Cents: <del>On the</del><add>that is</add> reducing<lb/> | |||
the <add>quantum of </add> interest paid on the nominal capital of<lb/> | |||
<add>about</add> £57,703,475 from <add>about</add> £2,308,136 to <add>about</add> £1,731,102<lb/> | |||
When <add>the question was</add> not mentioned by him in Parliament, it is a <lb/> | |||
sign that <hi rend="underline">three</hi> at least the <del><gap/></del><add><del><gap/></del> times</add> state of the money market<lb/> | |||
was ripe for it: <add>[+]</add> how much longer it <add>might already</add> <del>may</del> have been <note><add>[+]</add> other wise he could<lb/> | |||
not have obtained the<lb/> | |||
requisite assurance of<lb/> | |||
the money for paying<lb/> | |||
off in case of refractiveness:<lb/> | |||
—</note><lb/> | |||
Click Here To Edit
Annuity Notes
Abstract
Ch. XVI. Reduction of Interest — proposed mode compared
Ch. Pelham's Plan compared with the proposed Plan with M<hi rend="superscript">r Pelham's</hi> —
in respect of the Reduction of Interest
Reduction of Interest is a declared object with
Parliament +: - the only question is as to the mode.
To exhibit the advantages possess by the proposed plancomparative eligibility as between the two plans —
(the one Mr here proposed for the future, and the one pursued in time past
by M<hi rend="superscript">r Pelham</hi>) I will consider them bothtogether under the several heads of
gross profit — expence — dispatchcelerity of operation — — previous assurance
of success — and gentleness of operation: - and
that the contrast may be the more conspicuous it will
be proper, afterin exhibiting and the above heads the feature of Mr Pelhams
plan, under the those above heads, as it was actually
carried into executive at that time, in regard to the comparatively
small mass of the existing debt,
it applied, as for as may be to the circumstances
of the prodigiously superior mass of debt existing at present.
not forgetting, in the occasion of Mr Pelham's, its hypothetical
application that may be made of it to the present times, with their almost eight fold
mass of debt.
I. Expen As to Expense:- viz: as compared with profit.
i:e: ratio of expence to profit.
In MrPelham's time, the The profit consisted in reducing to 3 per Cents the whole amount
of the existing quantity of 4 per Cents: On thethat is reducing
the quantum of interest paid on the nominal capital of
about £57,703,475 from about £2,308,136 to about £1,731,102
When the question was not mentioned by him in Parliament, it is a
sign that three at least the times state of the money market
was ripe for it: [+] how much longer it might already may have been [+] other wise he could
not have obtained the
requisite assurance of
the money for paying
off in case of refractiveness:
—
