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<note>115</note> | <note>115 Annuity Notes <unclear>7</unclear> Abstract <unclear>Conclu<hi rend='superscript'>d</hi></unclear> <unclear>Period</unclear> </note> | ||
< | <note><del>11</del> 7 | ||
When the <hi rend='underline'>two</hi> <unclear>masses</unclear> <gap/></note> | |||
<p>When the <hi rend='underline'>true</hi> <unclear>masses</unclear> of paper, <unclear>that</unclear> had till | |||
<lb/> | <lb/> | ||
now been in the market, | now been in the market, are thus reduced to | ||
<lb/> | <lb/> | ||
<hi rend='underline'></hi | <hi rend='underline'>one</hi>, that one will, all of it, be in the hands | ||
<lb/> | <lb/> | ||
of <gap/><del> | of <del><gap/></del> <add><unclear>risk</unclear> holders</add> who take it with a view to circulation. | ||
<lb/> | <lb/> | ||
For whatever rate of interest is | For whatever rate of interest is accepted | ||
<lb/> | <lb/> | ||
on the <unclear>sorting</unclear> of permanent income, there will | on the <unclear>sorting</unclear> of permanent income, there will | ||
<lb/> | <lb/> | ||
be always <gap/> < | be always <gap/><add>in adundance,</add> <del><gap/></del> to whom it will be | ||
<lb/> | <lb/> | ||
worth while to accept of the next lowest-rate, | worth while to accept of the next lowest-rate, | ||
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with a view to circulation. If, by the growth | with a view to circulation. If, by the growth | ||
<lb/> | <lb/> | ||
of national < | of national <gap/>, a rate, so low as <unclear><del>£2.9.6</del></unclear> | ||
<lb/> | <lb/> | ||
£2.7.5<!-- symbol for currency denomination above text-- | £2.7.5<!-- symbol for currency denomination above text--> appears <unclear>now</unclear>, is raised to such a | ||
<lb/> | <lb/> | ||
< | <unclear>trickle</unclear> of relative value, as to be worth acceptance | ||
<lb/> | <lb/> | ||
<del>with a view to a permanent provision, a rate</del> | <del>with a view to a permanent provision, a rate</del> | ||
<add>in the character of a <del>permanent</del> source of <add>permanent</add> income,</add> | |||
<add>in the character of a <del>permanent</del> source of | |||
<lb/> | <lb/> | ||
the <hi rend='underline'>next</hi> lowest rate, though so low as £1.9.6<!-- symbol for currency denominations above text --> | the <hi rend='underline'>next</hi> lowest rate, though so low as £1.9.6<!-- symbol for currency denominations above text --> | ||
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in the character of a source of <add>such</add> temporary profit, | in the character of a source of <add>such</add> temporary profit, | ||
<lb/> | <lb/> | ||
<del>which</del> < | <del>which</del> <del><add>such</add></del> <add>as</add> could not, with equal security and <unclear><sic>causeaicun</sic></unclear>, | ||
<lb/> | <lb/> | ||
be made by any other means. <del><unclear>If</unclear></del> And | be made by any other means. <del><unclear>If</unclear></del> And | ||
<lb/> | <lb/> | ||
if the £1.9.6<!-- symbol for currency denominations above text --> <del>is itself | if the £1.9.6<!-- symbol for currency denominations above text --> <del>is itself accepted</del> comes itself | ||
<lb/> | <lb/> | ||
to be thought worth acceptance in the character of a | to be thought worth acceptance in the character of a | ||
<lb/> | <lb/> | ||
<add>permanent provision and</add> sole < | <add>permanent provision and</add> sole <unclear>dependance</unclear>, the next lowest rate, though | ||
<lb/> | <lb/> | ||
now reduced to £1.3.8 1/2 <!-- symbol for currency denominations above text(shillings and pennies?)and 'a half' written as a fraction needs to be written up correctly? -->, <add>will</add> | now reduced to £1.3.8 1/2 <!-- symbol for currency denominations above text(shillings and pennies?)and 'a half' written as a fraction needs to be written up correctly? -->, <add>will</add> no more be | ||
<lb/> | <lb/> | ||
regarded with contempt, in the character of a | regarded with contempt, in the character of a | ||
<lb/> | <lb/> | ||
source of temporary profit, than the £1.9.6<!-- symbols or letters used for shillings and pennies (s, and d above the relevant currency denomination) --> was | |||
<lb/> | <lb/> | ||
before. | before.<!-- symbol -- | ||
<!-- symbol --> If then the demand <del><gap/> | <note><!-- symbol --> If then the demand <del><gap/></del> for <unclear>Annuity</unclear> <unclear>Notes</unclear> <unclear>paper</unclear> should <del><gap/><del> <unclear>stop</unclear> <del><unclear>stop</unclear> <unclear>less</unclear></del> altogether, at any period prior to that of the <sic>compleat</sic> activation of the <unclear>Debt</unclear>, it is with the <unclear>customness</unclear> for <hi rend='underline'>permanent</hi> income that it will stop, and not with the <unclear>customness</unclear> for <hi rend='underline'>temporary income</hi>, with a view to circulation.</note> | ||
<!-- | <note><!-- written at 90 degrees along right hand margin --> | ||
<unclear>I</unclear> Compared</note> | |||
<del>It is therefore with the customer for permanent | <del>It is therefore with the customer for permanent | ||
<lb/> | <lb/> | ||
income that the demand will <gap/> <gap/> <gap/> <gap/> <gap/></ | income that the demand will stop <gap/> <gap/> <gap/> <gap/> <gap/><gap/> <add><gap/></add> | ||
</ | </p> | ||
115 Annuity Notes 7 Abstract Conclud Period
11 7 When the two masses
When the true masses of paper, that had till
now been in the market, are thus reduced to
one, that one will, all of it, be in the hands
of risk holders who take it with a view to circulation.
For whatever rate of interest is accepted
on the sorting of permanent income, there will
be always in adundance, to whom it will be
worth while to accept of the next lowest-rate,
with a view to circulation. If, by the growth
of national , a rate, so low as £2.9.6
£2.7.5 appears now, is raised to such a
trickle of relative value, as to be worth acceptance
with a view to a permanent provision, a rate
in the character of a permanent source of <add>permanent income,</add>
the next lowest rate, though so low as £1.9.6
will be raised along with it in the scale of importance,
and will become not less worth acceptance,
in the character of a source of such temporary profit,
which such as could not, with equal security and causeaicun,
be made by any other means. If And
if the £1.9.6 is itself accepted comes itself
to be thought worth acceptance in the character of a
permanent provision and sole dependance, the next lowest rate, though
now reduced to £1.3.8 1/2 , will no more be
regarded with contempt, in the character of a
source of temporary profit, than the £1.9.6 was
before. If then the demand for Annuity Notes paper should stop altogether, at any period prior to that of the compleat activation of the Debt, it is with the customness for permanent income that it will stop, and not with the customness for temporary income, with a view to circulation.</note>
I Compared
stop lessIt is therefore with the customer for permanent
income that the demand will stop
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Identifier: | JB/002/213/001"JB/" can not be assigned to a declared number type with value 2. |
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annuity notes |
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213 |
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text sheet |
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recto |
e7 / f115 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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952 |
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