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For some time at least, the demand for the
paper of this seemed open for the purpose of procurement
income on the footing of stock Annuities carrying but 2 7s 5d
a year interest, the demand for it with
a view to circulation, will be more certain than the demand for the purchase
of permanent income on the footing of Stock
Annuities: because to the former set of customers the
whole amount of interest, reduced as it is, will be
as so much gain: being a profit which, but for this
of paper, they would not have made - perhaps
at all - certainly not in this commodious way, and by Government Annuities:
whereas the reduction will sit heavy on the customers
for permanent income, who, if they continue their
property money upon government security, must submitt
to see it their incomes reduced to this amount; and of whom many
to snap whose property capitals, to a considerable amount,
will accordingly, or for the purpose of escaping such reduction,
be withdrawn from this employment, and
either laid out upon other securities or thrown
into trade, be embarked, along with the owners, in
some branch of trade.
But The progress of the operation being
notwithstanding, not be diminished upon the whole:
for, to the amount of the demand with a view to circulation, there no
assignable limits can be found.
10. Profit
Identifier: | JB/002/202/001"JB/" can not be assigned to a declared number type with value 2. |
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not numbered |
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002 |
annuity notes |
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202 |
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001 |
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text sheet |
1 |
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recto |
e5 / f104 |
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jeremy bentham |
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941 |
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