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18-Feb-2013: under construction by Diane Folan. Please do not amend. | |||
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Annuities are to be purchased under par , none | Annuities are to be purchased under par , none | ||
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of those customers <add>whose circumstances it suits to < | of those customers for <add>whose circumstances it <unclear>suits</unclear> to <unclear>borrow</unclear></add> Stock Annuities will in | ||
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respect of that portion of their money become customers | |||
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for Note Annuities , which will not be to | |||
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be had but at par price . But no sooner are | |||
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Stock Annuities arrived at par price , than <del>by</del> | |||
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<del>they</del> <add>these Note Annuities</add> will be at least as well suited to the circumstances | |||
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of the customers for Stock Annuities : and | |||
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in as much as the <del><unclear>issues</unclear></del> mass of Stock Annuities will | |||
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be lessened every day by the operation of the <gap/><!-- looks like 'sinbury' --> | |||
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fund : while the mass of Note Annuities can not be | |||
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<gap/> <del>reducing to</del> <add>diminishing by</add> at least an equal amount | |||
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no mass of Stock Annuities , the <add>[-]</add> <del>customers</del> for government | |||
18-Feb-2013: under construction by Diane Folan. Please do not amend.
17
Ch. Advantages
Financial
Period I
12
2. Interest forborne 12
The amount of this branch of profit will be as the length of Period I . As to the quantum of this branch of profit , the
principal part — that which may be regarded as
certain - will depend upon the quantity of that the
paper remaining in circulation paper thus employed , and upon the time
during which the each parcel of that quantity issued thus employd remains in circulation .
It will depend consequently be on the length duration of
this first period .
Should this period prove a short one — the
probable length of it (according to a supposition that will be stated a little further in) , not exceeding two other
years , this branch of profit will be proportionably
inconsiderable : but whenever it vanishes , it vanishes
as (will be seen) only to make way for a branch
of much superior importance . So long as Stock
Annuities are to be purchased under par , none
of those customers for whose circumstances it suits to borrow Stock Annuities will in
respect of that portion of their money become customers
for Note Annuities , which will not be to
be had but at par price . But no sooner are
Stock Annuities arrived at par price , than by
they these Note Annuities will be at least as well suited to the circumstances
of the customers for Stock Annuities : and
in as much as the issues mass of Stock Annuities will
be lessened every day by the operation of the
fund : while the mass of Note Annuities can not be
reducing to diminishing by at least an equal amount
no mass of Stock Annuities , the [-] customers for government
