JB/002/286/001

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23 Sept - 1800 + 190 Annuity Notes Abstract

Ch XV. Pelham This £2,166,178 [thus paid for a consent to the reduction ]
amounts to a more than 1/27th of the amount of the
capital of £57,703,495 , upon which the reduction
of the 4 per Cent per annum to 3 per Cent was thus
effected : a little less than £2,300,136 which would be the exact amount of £2,308,136 = 4 years purchase + of the perpetual annuity thus struck off . Such
then is the prior given that , on Mr Pelham's plan , would
be to be given , for a consent , which upon the proposed
plan , would be obtained gratis .

On the proposed plan , the of interest that
would be struck off by the first reduction ; (viz: meaning the redirection
effected in the course of the two first Periods ,
by conversion of 4 and 5 and 3 per Cents and after some 3
per Cent into Capitals bearing £2:19:0 per Cent)
by means of the paper of the first issue, would be +
£1,438,500 - (a) £1,440,250 - — — — — — £1,212,608
That , upon any proposed reduction , to be effected at
this time of day , the prins terms should be offered ,
as were offered at that time of day , would , under the
vast difference of circumstances be a supposition altogether
 : but , as it would be a fruitless attempt
to determine what would be the terms now offered ,
the only terms in which any argument can be grounded
are the above .

On the supposition , the price to be paid for the reduction
of a consent to the of a mass of perpetual Annuities to the <add>above amount of</add> the above mass of a
£1,4 35,000 40,259 a year , in (Annuities would be a little
less than 4 times that sum : — it would be £5,406,713 : <add>(a)— exactly four times would be that or a little less than
£5,744,000. (a) though

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Note (a) in and to p. 190

(a) £2 £ As £577,034 is to £2,166,178 , so is £1,440,259
to £5,406,713 . End of the Note

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Identifier: | JB/002/286/001"JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-09-23	Marginal Summary Numbering	3
Box	002	Main Headings	Annuity Notes
Folio number	286	Info in main headings field
Image	001	Titles	Note (a) in and to p. 190
Category	Text sheet	Number of Pages	1
Recto/Verso	Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	F190
Penner	Jeremy Bentham	Watermarks	<…>M 1798
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections	Jeremy Bentham	Paper Produced in Year	1798
Notes public		ID Number	1025
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