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In the case instance of Exchequer Bills, it is true,
the danger of depretiation is of comparatively
small account. But the annuity afforded by
an Exchequer Bill is not the sort of annuity
which is afforded by the 000 of paper
proposed. It is an annuity if such it may
be termed for a term never exceeding two years,
and which may fall short of that term to any
amount. It is therefor altogether unsuited to the
demand afforded by a permanent sum
The probability is indeed that when our batch 000
of Exchequer Bills is paid off, or before, another
000 will be 000 sale: but it is altogether
uncertain upon what terms. Stock Annuities
are subject to an 000 of depre-
tiation, the Annuities granted by Exchequer Bills, to another: viz: that of
being paid off at a time when an equal rate
of interest is not to be 000 ob000 by
000 000 000.
paragraph
In time of war, so long as war continues true it is, that by watching
the course of the market, a man 000 Exche-
quer Bills have been paid off,000 may 000
000 a 000 000 of
and a fresh batch upon equally advantageous
terms. But to 000 the course of the market in
000 000 view is in effect to follow a particular 000-
000 —that of a 000: a 000 000
individuals 000 000 can not in general 000
to 000 but under disadvantages of which 000
000 they are accordingly sufficiently aware.
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Identifier: | JB/002/553/001"JB/" can not be assigned to a declared number type with value 2. |
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11 |
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002 |
Annuity Notes |
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553 |
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001 |
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Text sheet |
1 |
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Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property. |
F13 |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1798 |
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1292 |
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