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Art. 2
Art. 2. [2] page 2.[Daily Interest.... a farthing]upon
the standard note... a farthing]
1 A farthing, as
being a sum having a species of real money in actual
circulation to express it: 2. - a farthing, as being the
smallest price: 3. the smallest price, as being adapted to
the a note of the smallest size capable of affording
at the proposed rate of interest, an interest thus expressed: 4. the smallest of all such
sizes
affording the advantage being preferred for the
standard note, the or experimental size, as being adapted to the pecuniary
faculties of the greatest number of customers.
Three pence half penny a day Exchequer Notes Bills specify,
upon the face of them, the daily interest: the amount of which, interest
is at present 3d½. upon the £100 or Standard
Bill, is at present 3d½. Amount of interest, nearly 14
times as much as in the present case. exactly. Amount of principal, not
quite 8 times: the yearly interest allowed at present by Exchequer
Bills being £5⅓ per Cent nearly; on the proposed
Annuity Notes, not quite 3 per Cent.
Art. 2. [3] page. 2 [3 per Cent nearly] Neglecting
fractions too small for to be capable of payment, the
deficiency of amount is no more than three farthings upon
91 pence = 7:8 7 the 92d = 7s:8d: which sum is the full interest, upon the Standard Note
having £12:16.' for its principal:.[+] [+] 2:6d upon the principal. For the when the principal no more than 2:6'. For a mass of interest, worth, at 3 per Cent £12:13. .5d.3f⅔ and no more, a man's pay; £12:16 over extra charge, less than 2':6d: 0¼. Add the rule for £100
The sum the At the price
Note is valued at and sold for is £12:16': of this small a extra charge, a most convenient <add> fortunate degree</add>
the interest allowed upon that £12:16. is no of simplicity and convenience is given to the scale of
the sum that would be at 3 per Cent would be
notes, and a degree of minute calculation altogether
the correct interest of £12:13':9d:3⅔f. The inconsistent with practice, saved.
Art. 2. [4] page 2. [Sums even at the bottom of the
scale] viz: 8', 4', 2', 1', 6d; instead of 7':10d:2f, 3':11d:1f,
1':11d:2½f, 11d:3¼f, 5d 3⅞f. See the Table of Annuity-Note Currency - Appendix
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Identifier: | JB/002/396/001"JB/" can not be assigned to a declared number type with value 2. |
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not numbered |
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002 |
annuity notes |
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396 |
art. 2 |
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001 |
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text sheet |
1 |
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recto |
a8 / f8 |
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jeremy bentham |
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1135 |
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