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10-Jan-2013: under construction by Diane Folan. Please do not amend. | |||
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<p><!-- indented -->This being the case , | <p><!-- indented -->This being the case , upon the above-made supposition | ||
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that this first period consists of an equal | |||
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portion of years of war and years of peace , the | |||
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<add>assumed</add> rate of profit upon the whole period taken together | |||
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will be to be reduced to half that which is assumed | |||
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in the case of Exchequer Bills — because being the | |||
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same as in Exchequer Bills , it continues to | |||
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be reaped <add>for</add> <unclear>—</unclear><!-- appears above the 'n' of the next word. I suspect it was written before the word 'no' ? Please confirm an mdash, and not partial underlining of the word 'for' (previously added) --> no more than half the time . | |||
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10-Jan-2013: under construction by Diane Folan. Please do not amend.
As to the absolute quantum of profit in this head
that will of course dependant on the quantity amount of
Exchequer Bill paper issued within the time ; a
quantity in regard to which it can hardly be
of any use that any calculations or paper conjectures that
could be given here would be of little use .
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Note
(a) In regard to Navy Bills , and the other
Government papers of that class nothing particular
need be said : being paper of this class, since the recent improvement
brought to placed in a sorting so little different in this
respect from Exchequer Bills , the rate of profit may cause
to be an object be taken for the same .
Peace and war will however b make this
difference . When war ceases and the War-accounts are wound up the issue of Navy
Bills ceases will ceases : while : that of Exchequer Bills , if the
old established practice under this head should
be persevered in , will continue in regard to a certain
sum , which however will be growing less and less every
day as the sale of quantity <add>amount of</add> the Land tax taken
out of the hands of government by sale , encreases .
This being the case , upon the above-made supposition
that this first period consists of an equal
portion of years of war and years of peace , the
assumed rate of profit upon the whole period taken together
will be to be reduced to half that which is assumed
in the case of Exchequer Bills — because being the
same as in Exchequer Bills , it continues to
be reaped for — no more than half the time .
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Identifier: | JB/002/181/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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181 |
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text sheet |
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recto |
e9 / f23 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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920 |
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