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<p><del>Were such the course pursued it might be<lb/> of use to <gap/>.</del></p> | <p><del>Were such the course pursued it might be<lb/> of use to <gap/>.</del></p> | ||
<p><!-- indent --> | <p><!-- indent --> | ||
Were the redemption thus to cease, it might<lb/> be <del>proper</del> <add>of me</add> | Were the redemption thus to cease, it might<lb/> be <del>proper</del> <add>of me</add> to disclose, at the time that such cessation<lb/> were declared, that from thenceforward, as often as<lb/> <del>in</del> a <unclear>stock</unclear> were sent in for payment of interest<lb/> interest and principal should be paid together: <hi rend='superscript'>(a)</hi><note>(a) Note (a) on p. 123</note> as <lb/>is the practice at present in the case of Exchequer<lb/> Bills: and at the same time to declare a <unclear>respite</unclear><lb/> of the redemption for a certain time.</p> | ||
The advantages would be—<lb/> | The advantages would be—<lb/> | ||
1. The <unclear>continuation</unclear> of the source of profit in<lb/> question (profit by interest <sic>undemanded</sic>) would be<lb/> more steady and <gap/>. For, in proportion to the<lb/> length of respite declared, the paper thus <sic>respited</sic> would<lb/> <del><gap/></del> come to bear a premium: <add>in circulation: the amount of</add> which premium, though <hi rend='underline'>limited</hi> by the rate of interest yielded by <lb/>the open spece <add><del><gap/> rated as</del></add> <del>if</del> (resorted or not resorted to) would<lb/> | 1. The <unclear>continuation</unclear> of the source of profit in<lb/> question (profit by interest <sic>undemanded</sic>) would be<lb/> more steady and <gap/>. For, in proportion to the<lb/> length of respite declared, the paper thus <sic>respited</sic> would<lb/> <del><gap/></del> come to bear a premium: <add>in circulation: the amount of</add> which premium, though <hi rend='underline'>limited</hi> by the rate of interest yielded by <lb/>the open spece <add><del><gap/> rated as</del></add> <del>if</del> (resorted or not resorted to) would<lb/> | ||
Were such the course pursued it might be
of use to .
Were the redemption thus to cease, it might
be proper of me to disclose, at the time that such cessation
were declared, that from thenceforward, as often as
in a stock were sent in for payment of interest
interest and principal should be paid together: (a)(a) Note (a) on p. 123 as
is the practice at present in the case of Exchequer
Bills: and at the same time to declare a respite
of the redemption for a certain time.
The advantages would be—
1. The continuation of the source of profit in
question (profit by interest undemanded) would be
more steady and . For, in proportion to the
length of respite declared, the paper thus respited would
come to bear a premium: in circulation: the amount of which premium, though limited by the rate of interest yielded by
the open spece rated as if (resorted or not resorted to) would
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Identifier: | JB/002/219/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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219 |
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001 |
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text sheet |
1 |
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recto |
f121 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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958 |
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