JB/002/198/001

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26 Aug 1800 (Retract 30 Aug) + 100
19 Annuity Notes
Abstract

Ch. VII Advantages
Period III
1
Period III From
the opening of the
2d to that of the 3d
issue.

Note> Characteristic profit
of this period
Profit by reduction<lb/. of rate of interest
on the Non redeemable
part of it. Interest
Debt from £2.19
to £2.7s.5d
Rate 11s 7d per £100
except a pat £3
of original
amount of
Interest.</note

Ch. 7. Financial Advantages - Period III.

Larger Type
III Period III. From the opening of the 2d issue,
at 2 3/8 nearly (viz: £2.7s.5d per cent)
to the redemption of the last parcel portion of
the paper of that 2d issue; whereupon follows
immediately the opening of the 3d issue at
£1:9s:6d, being a trifle less than 1 1/2 per Cent.

Rate set by Government) of interest on the closed issue during this period £2: 19s: 0d
Rate of the Open issue — — — — 2 : 7 : 5
Difference, constituting the rate of profit <add> by the ) 11:7
operation — — — — )