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Art. 19.
Art. 16 19 17. page 7. [1] [— Stock Annuities ... risen to par]
For the probability and probable speediness of that such a result, at a period
na see further in .
Arts 17 19 page 7. [2] [Paying off, instead of buying in]
The change from the one plan to the other will be matter
of course. The only use of reason for buying them in, as
under the existing fund <add>plan</add> instead of buying them
off, which till the establishment of that plan was
the only method of getting rid of the incumbrance
is to have the difference between the par price which
is the maximum of expense and any less price for which
on each occasion they may happen to be purchasable.
Supposing these at par there would be
nothing to be gained by buying them in, in contradistinction
to the buying them off: supposing them
to be above par, there would be less, even just so
much less, as the excess of the price above par
be. But supposing them exactly at par
be paying off would obviously be the course pursued
in contradistinction to the buying them in — [and that because <add>since</add>
further plain reason] since to buying in is an
operation that could not be final performed carried on no any otherwise
than in the proportion in which sellers
happened to present themselves, whereas that of
paying off would be performable to whatever amount
the fund was proved equal to.
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Identifier: | JB/002/455/001"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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455 |
Art. 19 |
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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. |
A40 / F54 |
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Jeremy Bentham |
G&EP 1794 |
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FR3 |
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1794 |
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1194 |
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