JB/002/350/001

File:JB 002 350 001.jpg

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1
39 Till lately very lately the credit price of a Navy
Bill was so much low lower than that of an Exchequer
Bill that by buying a Bill of the former kind a man might
sometimes make as far as 9 per cent. At that time In those days
it carried no interest till half a year after it was
issued at which time it began to carry 4 per cent,
and the time of paying off the principal was altogether
uncertain: in the new plan at that time the
depretiation on it was more than twice as great as that
upon an Exchequer Bill. At present, according to the
new plan it is put exactly the interest upon the same footing
as in as well in point of immediate commencement of interest
as in point of certainty of the time of payment in respect of the
principal as an Exchequer Bill: and yet as we
have seen the depretiation is as from 1-1/4 to 1-1/2 per
cent greater, from 5-1/4 to 5-1/2 per cent being set to be
made by Navy Bills while even scarcely 4 per Cent
is to be made by an Exchequer Bills.

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Identifier: | JB/002/350/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	18
Box	002	Main Headings	Annuity Notes
Folio number	350	Info in main headings field
Image	001	Titles
Category	Text sheet	Number of Pages	1
Recto/Verso	Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	E39
Penner	Jeremy Bentham	Watermarks
Marginals	Jeremy Bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1089
Box Contents