JB/002/396/001

File:JB 002 396 001.jpg

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
affording the advantage being preferred for the
standard rate, or or experimental size,
as being adapted to the pecuniary
faculties of the greatest number of customers.

Three former 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 1½
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 = 7':8d which sum is the full interest, upon the Standard Note
having £12:16.' for its principal:. The sum the
Note is valued at and sold for is £12:16':
the interest allowed upon that £12:16. is no
the sum that would be at 3 per Cent would be
the correct interest of £12:13':9d:3⅔f. The
At the price
of this small extra charge, a most convenient <add>fortunate degree
of simplicity and convenience is given to the scale of notes,
and a degree of minute calculation altogether
inconsistent with practice, saved.</add>

Identifier: | JB/002/396/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	not numbered
Box	002	Main Headings	annuity notes
Folio number	396	Info in main headings field	art. 2
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	a8 / f8
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections	jeremy bentham	Paper Produced in Year
Notes public		ID Number	1135
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