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Notes Art. 1 4
Notes Annuity Notes Plan 5. Constitution
[10] Art. 1 pages . Interest . . . . paid yearly or of Yearly] Question
Why yearly only, and not (as in the case of the existing
Stock Annuities, half-yearly?
Answer. The Advantages resulting from a single plan of
payment appear considerable: no disadvantage, comparable
of a nature to lessen the value of the paper, or obstruct
the circulation of it
Advantages f resulting from yearly payment, in contradistinction
to half-yearly — 1. Lessening by one half the time and thence the expense of paying payment
by one half Clerks employed on payment.
2. Profit by saving to the amount of the half years the interest upon the first half
years the amount of the dividend
2. Profit or saving by interest forborne: amounting
to a half year's interest upon half the amount of
each years dividend: viz: upon every ten million
of capital, or £300,000 £30,000 of Annuity, £15,000 a half a years
year interest the interest of £15,000 for half a year.
3. On Under the half yearly plan to be the Tables of
daily and yearly increase of value, constructed 3. The calculation <add>computation will be less complicated, and the quantity</add>
plan proposed to be in the for the purpose of of Letter-press requisite to exhibit it, less copious.
saving of calculations, and thence facilitating the circulation on the Yearly plan on the Half-Yearly plan. In the difference
of the paper would upon trial, be complicated between the two [+] See art. 3 plans in the Table <add>proposed Term of an</add>
to a degree to the purpose. Annuity Note, as given in the annexed Table
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annuity notes |
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392 |
notes art. 1 |
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001 |
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1 |
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a4 / f4 |
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jeremy bentham |
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1131 |
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