JB/002/433/001

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36 Note Art.16. x 36
Annuity Notes,/note>
<note> Plan
1 Constitution

Art 1516
The least
to be issued at
once the
imposition of that
sum
not to be determined
before hand —
Government would
of course
be by
public convenience

Arts 15 16. p.8. [ | [ — Least quantity or ]
In the advantage derived from governance from that currency
will be in proportion to the value of it,
and its <gap/. will be in proportion to the convenience
afforded by the use of it, Government may
be safely nough trusted with the adjustance of their
two points. The of convenience in this
respect wants no otherwise <gap/. to be allowed than
by experience. Whatever course come to be
between in these points at the outset, if it were
fixed by an inflexible rule that rule might
would be exposed to be rendered an instrument of
[+] [+] the interest by which man would be prompted to render the whole measure abortive, if possible, are as powerful as they are obvious. On the one hand, the inconvenience to
individuals — on the other hand the and
the expence to Government might be rendered
intolerable.

If the sum is
too small, the
trouble will be
too great
<note> If the sum is too
large
will <add> the door of
the market will
be shut against
so many </note>

the larger greater the number of these notes large
or small, that came to be taken out at once,
that is by one and the same person at one and
the same application, the less the trouble upon each
note: but the greater the amount in value of
the least mass of notes allowed to be taken
but at a time, the fewer are the hands that will
be able to find money the cash requisite to pay
for it. In the case of the standard note of £12:16s
in the half or the quarter or the eighth of it, there
is not difficulty: no fear of the trouble's becoming an
object in notes of such a magnitude: but in the
case of 1s and 6 sixpenny Notes it is a very different
affair too another reason for rendering <add> carrying the extension
downwards by smooth and insensible degrees.