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<head>22 Sept 1800 + 127</head> | |||
<p><note><!-- in pencil --><del>2</del><hi rend='superscript'>d</hi> 3<hi rend='superscript'>d</hi> Assembly <gap/> Ch x. War <gap/> War <gap/></note><lb/> | |||
<note><!-- in pencil -->4 From the profit by raising the price of Stock to Loan Subscribers must be deducted the less by raising it to the Sinking Fund</note> | |||
Were it not for the operation of the <hi rend='underline'>Sinking Fund</hi>,<lb/> | |||
the profit on this account would be so much <hi rend='underline'>char</hi>:<lb/> | |||
but, inasmuch as, to the extent of the <del>purchases</del> <add>Stock purchased</add><lb/> | |||
<add><del>of Stock</del></add> <del>made</del> in the year by that Fund, Government<lb/> | |||
loses exactly as much as it gains on the <del>sales</del><lb/> | |||
Stock sold in that same year in <del>the way of</del> <add>and by the Loan,</add><lb/> | |||
the amount of the <hi rend='underline'>loss</hi> by <add>the</add> <hi rend='underline'>purchase</hi> <del>must</del> <add>will be always to</add> be deducted,<lb/> | |||
from that of the <del>sale <gap/></del> <hi rend='underline'>profit</hi> by the <hi rend='underline'>sale:</hi> <hi rend='superscript'>(a)</hi><!-- in red ink --> <note><hi rend='superscript'>(a)</hi><!-- in pencil --> Note Illustration <hi rend='superscript'>(a)</hi><!-- in red ink --> Note at bottom of this page</note> | |||
<del>as thus</del><lb/> | |||
<del>Profit <add>1 p</add> on £20,</del><lb/> | |||
<del>Profit at 1 per Cent</del> | |||
<note><!-- in pencil -->profit a 20,500,00 Loss a 4,500,000 First year <unclear>of</unclear> <gap/> <unclear>with</unclear> profit</note> | |||
<add>To</add></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
22 Sept 1800 + 127
2d 3d Assembly Ch x. War War
4 From the profit by raising the price of Stock to Loan Subscribers must be deducted the less by raising it to the Sinking Fund
Were it not for the operation of the Sinking Fund,
the profit on this account would be so much char:
but, inasmuch as, to the extent of the purchases Stock purchased
of Stock made in the year by that Fund, Government
loses exactly as much as it gains on the sales
Stock sold in that same year in the way of and by the Loan,
the amount of the loss by the purchase must will be always to be deducted,
from that of the sale profit by the sale: (a) (a) Note Illustration (a) Note at bottom of this page
as thus
Profit 1 p on £20,
Profit at 1 per Cent
profit a 20,500,00 Loss a 4,500,000 First year of with profit
To
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Identifier: | JB/002/225/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-09-22 |
4 |
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002 |
annuity notes |
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225 |
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001 |
note to p. 127 |
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text sheet |
1 |
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recto |
f127 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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964 |
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