JB/002/385/001

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5 Plan for the creation &c of Annuity Notes. II Eventual Extension.

19 Stock when at or above par to be paid off instead of bought in. [19] [1] That, if by this and other means, 3 per cent Stock Annuities should
ever have risen to par, [1] the produce of the issue of Note Annuities be thereupon
applied to the paying off, instead of buying in, [2] Stock Annuities; and so
toties quoties, buying in whenever they are under par, paying off, whenever
they are at or above par. —

[20] [2] That, inasmuch as the paying off Stock Annuities, the greatest part
thereof carrying 3 per cent, will lead to a rapid and almost simultaneous conversion
of the whole amount thereof into Note Annuities + bearing nearly the same rate of interest; Conversion As many as thus forced out of the market, find a door thrown open [which leads them] into another market where they may have the same in every still more advantageous. Then the to be + Note Conversion By the supposition £1000 Stock his property in the shape of Government Annuities this he can only do by taking out £1000 of Notes: but with the £1000 thereupon received Government will pay if another £1000 Stock, and is Person paid off might have the given them of receiving the money, or the value of in Stock Notes on the spot.

Identifier: | JB/002/385/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	19
Box	002	Main Headings	annuity notes
Folio number	385	Info in main headings field	plan for the creation &c of annuity notes
Image	001	Titles	ii eventual extension
Category	copy/fair copy sheet	Number of Pages	2
Recto/Verso	recto	Page Numbering	f8 / f8
Penner		Watermarks	1798 a<…>
Marginals		Paper Producer	frances wright
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	1124
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