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9. Art. 2 + 9
Annuity Notes
Plan
2 Constitution
Question 1. Interest why not more than so little as 3 per cent?
The many customers for
this interest being
chiefly such as if
they it did not make
interest on this
they would not
make any.
Answer. Because the lower the interest, the greater
the profit to Government, and 3 per Cent seems promises
to be quite sufficient. The amount of money There seems no danger
that even at a rate thus reduced there should be any want
of Customers
At this rate the amount of the sale promises to be
sufficient to buy in Stock enough to raise 3 per
Cents to par even in war time: and in a word
as much nor does it seem likely that nor upon
It seems very difficult
to name one
rate to the exclusion
of another
the whole does it appear likely that any more greater quantity
of this paper should be sold at 4 per Cent than
what could equally be sold at 3. But further, so
farther §§ . Eventual Extensions Ch. 4. Grounds &c]
[+] For an memorandum see
the back of the preceding
leaf [1] Question 2<hi rend="superscript">d</hi> Interest why so much as 3 per Cent?
Answer. 1. Because it do appears in some degree dubious
whether customers would be found in such numbers within a given time as would
be requisite to render an inferior rate say 2 1/2 per
cent more favourable than upon the whole
2. A large portion, of the benefit resulting from this currency,
consists in the means mo putting the means of
placing out money at interest into the hand of the
least opulent and most numerous classes, who at present hitherto
Reference wanted (as will be seen) have seen / that so
laboured under the misfortune of seeing so great one on consignment to industry, frugality and sobriety
out of their reach. On the other hand, this 2 1/2 per
Cent would be so much more than in general they
can make at present: and yet after all, it can not
but appear in the character of an hardship if were the economy
of finance were to bear, with such particular
rigour, upon a source of income, which will be seen to have a more
particular title than any other to be termed the
patrimony of the industrious poor. If reasons pra
and
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Identifier: | JB/002/397/001"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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397 |
Art. 2 |
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001 |
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Text sheet |
1 |
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Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property. |
A9 / F9 |
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Jeremy Bentham |
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1136 |
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