★ Find a new page on our Untranscribed Manuscripts list.
Annuity Notes Moral Advantages
express support from Parliament. The credit of
the proposed new Government Annuities having been
previously established by sufficient experience, let a
similar investment of all trust moneys as they
come in be rendered a matter of general obligation
by an Act of the Legislature. A trust receipt
book to be kept with a trust till.In the book,
an entry to be made of each sum received
with the day on which it was received: the
statement of the day to be indispensable. The
money if not received in the shape of Annuity
Notes, to be sent to the Office on that day or
the next, to be changed into Annuity Notes:—
the Notes received to be entered by their Nos:—if
the day not to be entered, the first day of the
year to be presumed, for the purpose of charging
the Trustee with the interest. The trust paper, as
received, to be deposited in the trust till, to save
it from being confounded with money of his own.
This not to prevent the disposal of the amount to
superior advantage (i:e: at a higher rate of interest
than what is afforded by Annuity Notes) in as far
as the nature of the trust admits of it. a
Note a
a
Since the above was written a passage has been discovered
in Pinto, whereby it appears that at the date of his book
(1771) a law to this effect existed in Holland in respect
of
---page break---
Annuity Notes Moral Advantages
What is this proposed to be rendered obligatory
