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<head>Annuity Notes</head><!-- written in pencil (in the header position) at the top of the right margin --> | <head>Annuity Notes</head><!-- written in pencil (in the header position) at the top of the right margin --> | ||
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<p> | <p>before. The interest affor B</del> <add>Compared with cash, <del><gap/></del></add> <del>the amount ever | ||
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so small</del> the interest afforded by the Annuity | so small</del> the interest afforded by the Annuity | ||
<lb/> | <lb/> | ||
Note paper to those who | Note paper to those who take<add><unclear>think</unclear></add> it, <add>or keep it,</add> with a view | ||
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to circulation, will, <del>when compared with cash</del> <add>be it ever so small</add> be | to circulation, will, <del>when compared with cash</del> <add>be it ever so small</add> be | ||
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rate of interest, the <add>reduced</add> rate afforded by the Annuity | rate of interest, the <add>reduced</add> rate afforded by the Annuity | ||
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Note paper, to those who, <del> | Note paper, to those who, <del>take</del> if they take it, | ||
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will, <del>have to depend upon</del> to the extent of their | will, <del>have to depend upon</del> to the extent of their | ||
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difficult to assign any certain limit to the reduction, | difficult to assign any certain limit to the reduction, | ||
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or to say there shall be none. | or to say there shall be none. | ||
<lb/></p> | <lb/></p> | ||
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<!-- the remainder of this page has been written and subsequently crossed out diagonally and vertically. This portion has been transcribed as normal text, adding the deletions where indicated (to show Bentham's initial intention), and subsequently highlighting the whole text to add delete tabs (at the beginning and end of the paragraph). --> | <!-- the remainder of this page has been written and subsequently crossed out diagonally and vertically. This portion has been transcribed as normal text, adding the deletions where indicated (to show Bentham's initial intention), and subsequently highlighting the whole text to add delete tabs (at the beginning and end of the paragraph). --> | ||
<p><!-- indent first word -- | <p><!-- indent first word -->Under these circumstances although we set | ||
<lb/> | <lb/> | ||
out with the supposition that the applications for | out with the supposition that the applications for | ||
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supposition of its experiencing a final <add>complicit</add> redemption | supposition of its experiencing a final <add>complicit</add> redemption | ||
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before the <gap/> of a fresh war <add>,</add> come on and <del><gap/></del> <add>renovate</add> the load. | before the <gap/> of a fresh war <add>,</add> come on and <del><gap/></del> <add>renovate</add> the load. | ||
<lb/></p> | <lb/></p> | ||
116
Annuity Notes
before. The interest affor B Compared with cash, the amount ever
so small the interest afforded by the Annuity
Note paper to those who takethink it, or keep it, with a view
to circulation, will, when compared with cash be it ever so small be
so much profit: Compared with a the preceding higher
rate of interest, the reduced rate afforded by the Annuity
Note paper, to those who, take if they take it,
will, have to depend upon to the extent of their
respective capitals so invested, have nothing else
to depend upon for their respective incomes, will, for by the
amount of the difference, foremost itself as so
much less.
Under
Under these circumstances it seems equally
difficult to assign any certain limit to the reduction,
or to say there shall be none.
Under these circumstances although we set
out with the supposition that the applications for
this paper at the reduced rate would stop somewhere,
would stop at the rate pitched upon for
calm illustration, it seems difficult to abide by
it, which the inducement to into the open issue, however
low the rate continues thus with little or no abatement, how
or & on the part of so humourous a class of instruments, how low soever less however and together with the
be the rate of interest to be obtained by it. [+] [+]There is however but this alternative This however, together with
the first supposed case of the paper of both issues of two
issues viz: the closed issue and an open one remaining
at one at the time that the last mass
of redemption money comes and absorbs them both
together forms the only alternative which the last expiring
moment state of the National debt admits admitts if, upon the
supposition of its experiencing a final complicit redemption
before the of a fresh war , come on and renovate the load.
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Identifier: | JB/002/214/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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214 |
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001 |
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text sheet |
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recto |
e8 / f116 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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953 |
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