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What is cancelled here has been employ'd in
13. Profit in respect of Exchequer Bills.
... the naturealtogether against the recurrence of such an occurence and temporary change of this nature is what could not no otherwise be done that by the creation of a perpetual charge to the same amount. The utmost profit that can be made relative to this
head is the reducing the who of interest on currency
thus borrowed under prospect of speedy repayment
to the a rate not exceeding that on which money
has been obtained in exchange for perpetual Annuities.
A perpetual profit to this amount will be among
the advantages of the proposed measure. Money
in su to an amount sufficient for such purposes
will always be to be had by the creation of Stock
Annuities at the same rate of interest as that
which is afforded by the closed issue. The moneydebt
thus created will be repaid as the means come
in with the money received for the paper of the
open issue. The So long as it takes, to effect
the redemption of this quantity of Stock, so long
will the paper of the third issue be protected
against from against being the like fate: and
so long would the reduction that would otherwise
be made in the rate of interest on Government
Securities (i.e. the reduction from the rate afforded
by the third issue to the rate afforded by the
open issue) be at a stand retarded .
It would be bad economy to make a perpetual
loan to a certain amount (or, what comes
to the same thing to keep perpetually in hand a sum to the some amount lying dead <note>A The since by the application of that money a proportionally mass of such perpetual debt might be expunged.</note>)
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Identifier: | JB/002/100/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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100 |
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001 |
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text sheet |
1 |
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recto |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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839 |
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