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''This | <head>Annuity Notes Moral Advantages</head><lb/>express support from Parliament. The credit of<lb/>the proposed new Government Annuities having been<lb/>previously established by sufficient experience, let a<lb/>similar investment of all trust moneys as they<lb/>come in be rendered a matter of general obligation<lb/>by an Act of the Legislature. A trust <hi rend='underline'>receipt</hi><lb/><hi rend='underline'>book</hi> to be kept with a trust <hi rend='underline'>till</hi>.In the <hi rend='underline'>book</hi>,<lb/>an entry to be made of each sum received<lb/>with the day on which it was received: the<lb/>statement of the day to be indispensable. The<lb/>money if not received in the shape of Annuity<lb/>Notes, to be sent to the Office on that day or<lb/>the next, to be changed into Annuity Notes:—<lb/>the Notes received to be entered by their N<hi rend='superscript'>os</hi>:—if<lb/>the day not to be entered, the first day of the<lb/>year to be presumed, for the purpose of charging<lb/>the Trustee with the interest. The trust paper, as<lb/>received, to be deposited in the trust <hi rend='underline'>till</hi>, to save<lb/>it from being confounded with money of his own.<lb/>This not to prevent the disposal of the amount to<lb/>superior advantage (i:e: at a higher rate of interest<lb/>than what is afforded by Annuity Notes) in as far<lb/>as the nature of the trust admits of it. <hi rend='superscript'>a</hi><lb/><head>Note</head> <hi rend='superscript'>a</hi><lb/><hi rend='superscript'>a</hi>Since the above was written a passage has been discovered<lb/>in <hi rend='underline'>Pinto</hi>, whereby it appears that at the date of his book<lb/>(1771) a law to this effect existed in Holland in respect<lb/>of<pb/><head>Annuity Notes Moral Advantages</head><lb/>What is this proposed to be rendered <hi rend='underline'>obligatory</hi><lb/> | ||
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Annuity Notes Moral Advantages
express support from Parliament. The credit of
the proposed new Government Annuities having been
previously established by sufficient experience, let a
similar investment of all trust moneys as they
come in be rendered a matter of general obligation
by an Act of the Legislature. A trust receipt
book to be kept with a trust till.In the book,
an entry to be made of each sum received
with the day on which it was received: the
statement of the day to be indispensable. The
money if not received in the shape of Annuity
Notes, to be sent to the Office on that day or
the next, to be changed into Annuity Notes:—
the Notes received to be entered by their Nos:—if
the day not to be entered, the first day of the
year to be presumed, for the purpose of charging
the Trustee with the interest. The trust paper, as
received, to be deposited in the trust till, to save
it from being confounded with money of his own.
This not to prevent the disposal of the amount to
superior advantage (i:e: at a higher rate of interest
than what is afforded by Annuity Notes) in as far
as the nature of the trust admits of it. a
Note a
aSince the above was written a passage has been discovered
in Pinto, whereby it appears that at the date of his book
(1771) a law to this effect existed in Holland in respect
of
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Annuity Notes Moral Advantages
What is this proposed to be rendered obligatory
