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Ch. IV. Grounds of expectations, in regard &
In of has proposed currencymeasurs.
are expectationsWhat is expected of the proposed currency is
Ch.IV..
1. That it will be taken out in the way of issue
2. — at the fixed price put upon it —
3. — be received in circulation —
4. — at that same price —
5. — with the addition of the interest —
6. — and without undergoing any subsequent depretiation
7. — and will then continue to circulate among individuals
of all classes.
That it will be taken out in the way of issue,
and pass in the way of circulation at the 3 per
cent nearly (the rate of interest put upon it) notwithstanding
the higher interest yielded by Stock Annuities
Irish Debentures Excheqeur Bills and India
Bonds, is proved by the example and will the of Bankers'
paper when the interest on which runs from 2 to 3 per cent<add>a nominal for in
should and 2 1/2 per cent nominally for but , but really
not to much, by norm of divers conditions which
reduce the value of it: the lending lender
in these instances the engagement is not
purposeful, written good.
That the interest due will be allowed for in circulation,
is proved by the put out of doubt by the
exampel usage in the case of Exchequer Bills Navy
Bills and India Bonds notwithstanding though
none of these. existing papers are provided with
the former which lowers the do away of
computation altogether, however much the sum, and however
the him.
Identifier: | JB/002/084/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-08-16 |
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002 |
annuity notes |
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084 |
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ch. iv grounds of expectation, in regard to the proposed measure |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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