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<del>been</del> taken from <add>the</add> <del>a</del> mass employed in the shape of | <del>been</del> taken from <add>the</add> <del>a</del> mass employed in the shape of | ||
<lb/> | <lb/> | ||
<hi rend='underline'>Capital</hi>, there would be neither | <hi rend='underline'>Capital</hi>, there would be neither loss nor gain by the | ||
<lb/> | <lb/> | ||
operation, on the score of addition to the mass of | operation, on the score of addition to the mass of | ||
<lb/> | <lb/> | ||
National Wealth. < | National Wealth. <hi rend='superscript'>(a)</hi> <note>(a) look in next page p.140</note> But the Money thus employed | ||
<lb/> | <lb/> | ||
by the existing Sinking | by the existing Sinking Fund, is <hi rend='underline'>not</hi> taken from | ||
<lb/> | <lb/> | ||
any such mass. | any such mass. It is the produce of <hi rend='underline'>Taxes</hi>: of | ||
<lb/> | <lb/> | ||
<add><del>a small deduction would otherwise have expended | <add><del>a small deduction would otherwise have expended | ||
<lb/> | <lb/> | ||
within the year in the way of consumption and current expenditure.</del> | within the year | ||
<lb/> | |||
in the way of consumption and current expenditure.</del> | |||
<lb/> | <lb/> | ||
taxes levied on income, either directly or | taxes levied on income, either directly or | ||
<lb/> | <lb/> | ||
through the medium</add> <del>either on Income or</del> o<del>n</del>f <!-- initially the word on was written, then the n was overwritten with the letter f. I have shown this as deleting the letter n, prior to writing the letter f, because I cannot show it being overwritten. --> expenditure; and is taken | through the medium</add> | ||
<lb/> | |||
<del>either on Income or</del> o<del>n</del>f <!-- initially the word on was written, then the n was overwritten with the letter f. I have shown this as deleting the letter n, prior to writing the letter f, because I cannot show it being overwritten. --> expenditure; and is taken | |||
<lb/> | <lb/> | ||
out of that fund, the whole of which (after a small | out of that fund, the whole of which (after a small | ||
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the year, in the way of <del>consumption and</del> | the year, in the way of <del>consumption and</del> | ||
<lb/> | <lb/> | ||
current expenditure: <add><del>—</del> <add><del>and consumption</del> that is..</add> in the purchase <add>partly of unproductive labour, such as that of Servants, Coach and Saddle Horses, Players, Musicians, and the < | current expenditure: <add><del>—</del> <add><del>and consumption</del> that is..</add> in the purchase <add>partly of unproductive labour, such as that of Servants, Coach and Saddle Horses, Players, Musicians, and the <unclear>like</unclear>, partly in the purchase of</add> <del>of</del> | ||
<lb/> | <lb/> | ||
<del><unclear>articles</unclear></del> <add<del>>commodities</del> <add>articles</add></add> command mostly within the year, or some | <del><unclear>articles</unclear></del> <add<del>>commodities</del> <add>articles</add></add> <unclear>command</unclear> mostly within the year, or some | ||
<lb/> | <lb/> | ||
other such short period of time, without having | other such short period of time, without having | ||
<lb/> | <lb/> | ||
produced any equivalent increase. <add>of</add></add> | produced any equivalent increase. <add>of</add></add> | ||
</p> | |||
139
If the Money, thus put into the hands of the
expelled Annuitant, in lieu of his Annuity, had were
been taken from the a mass employed in the shape of
Capital, there would be neither loss nor gain by the
operation, on the score of addition to the mass of
National Wealth. (a) (a) look in next page p.140 But the Money thus employed
by the existing Sinking Fund, is not taken from
any such mass. It is the produce of Taxes: of
a small deduction would otherwise have expended
within the year
in the way of consumption and current expenditure.
taxes levied on income, either directly or
through the medium
either on Income or onf expenditure; and is taken
out of that fund, the whole of which (after a small
deduction on account of savings). would otherwise have been expended within
the year, in the way of consumption and
current expenditure: — <add>and consumption that is.. in the purchase partly of unproductive labour, such as that of Servants, Coach and Saddle Horses, Players, Musicians, and the like, partly in the purchase of of
articles <add>commodities articles</add> command mostly within the year, or some
other such short period of time, without having
produced any equivalent increase. of</add>
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Identifier: | JB/002/229/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-09-11 |
2 |
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002 |
annuity notes |
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229 |
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|
001 |
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copy/fair copy sheet |
1 |
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recto |
f139 |
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968 |
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