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7 — and will thus continue to circulate among individuals<lb/> of all degrees. —</p> | 7 — and will thus continue to circulate among individuals<lb/> of all degrees. —</p> | ||
That it will be taken out in the way of <sic>spece</sic>,<lb/> | That it will be taken out in the way of <sic>spece</sic>,<lb/> and pass in the way of circulation at <del>the</del> <add>the £2.7g o</add> 3 per <lb/>cent, <add>nearly</add> (the rate of interest put upon it) <gap/><lb/> the higher interest <del>given</del> <add>yielded</add> by Stock Annuities<lb/> Irish Debentures <del>and</del> Exchequer Bills and India<lb/> Bonds, is <unclear>proved</unclear> by the example <add>and that with the interest</add> of Banker's <lb/>paper <del>where</del> the interest <del>of</del> <add>on</add> which runs <add>from 2 to <add>a minimal</add> 3 per Cent</add> <del>in some instances<lb/> and 2-1/2 per Cent <gap/></del>, but really <lb/>not so much, by reason of divers conditions which <del>drive or</del> reduce the value of it: <del><unclear>under this tendency</unclear></del><lb/> <add>hinder</add> <del>that</del><lb/> that in these instances | ||
runs <add>from 2 to 3 per cent<add>a nominal</add> <del>for <gap/> in</del><lb/> | |||
<del>should <unclear>and 2 1/2<!--ligature for fractional number--> per cent nominally</unclear> <gap/> <unclear>for but</unclear> <gap/></del>, but really<lb/> | <del>should <unclear>and 2 1/2<!--ligature for fractional number--> per cent nominally</unclear> <gap/> <unclear>for but</unclear> <gap/></del>, but really<lb/> | ||
not <sic>to</sic> much, by <unclear>norm</unclear> of <sic>divers</sic> <unclear>conditions</unclear> which<lb/> | not <sic>to</sic> much, by <unclear>norm</unclear> of <sic>divers</sic> <unclear>conditions</unclear> which<lb/> | ||
16 Aug. 1800 A +
Ch. IV. Grounds of the expectations, in regard to
The of the proposed currency measure. -
There <unclear>are<unclear> expectations sinc What is expected of the proposed currency is
1. That it will be taken out in the way of spece, —
2. — at the fixed price put upon it —
3 — be received in circulation
4 — at that same price —
5 — with the addition of the interest —
6 — and without undergoing any subsequent depretiation —
7 — and will thus continue to circulate among individuals
of all degrees. —
That it will be taken out in the way of spece,
and pass in the way of circulation at the the £2.7g o 3 per
cent, nearly (the rate of interest put upon it)
the higher interest given yielded by Stock Annuities
Irish Debentures and Exchequer Bills and India
Bonds, is proved by the example and that with the interest of Banker's
paper where the interest of on which runs from 2 to <add>a minimal 3 per Cent</add> in some instances
and 2-1/2 per Cent , but really
not so much, by reason of divers conditions which drive or reduce the value of it: under this tendency
hinder that
that in these instances
runs from 2 to 3 per cent<add>a nominal for in
should and 2 1/2 per cent nominally for but , but really
not to much, by norm of divers conditions which
reduce the value of it: the lending lender
in these instances the engagement is not
purposeful, written good.
That the interest due will be allowed for in circulation,
is proved by the put out of doubt by the
exampel usage in the case of Exchequer Bills Navy
Bills and India Bonds notwithstanding though
none of these. existing papers are provided with
the former which lowers the do away of
computation altogether, however much the sum, and however
the him.
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annuity notes |
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ch. iv grounds of expectation, in regard to the proposed measure |
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jeremy bentham |
1798 a<…> |
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frances wright |
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