JB/003/360/001

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Annuity Notes

and of perpetual annuities that sort strikes me as the very worst which
will require no form of assignment, but what a man may carry about
him as cash in his pocket,

the worst of all banks as Mr Bentham, in his treatise on pauper
systems justly observes

and which (supposing these Annuity Notes would pass as money)
might be stolen in a croud, lost at a croud gaming table, or spent at an
alehouse.

If this project for making money breed in a drawer draw could be realized,
the legacy tax would not produce much,
and a mans children living with him at his death would, probably,
often, be the only children who would share his fortune.

I however admitt (for I have long ago made the remark) that a
market for yielding a reduced rate of interest to small hoards (now lying
unproductive, exposed to temptations of the works kind, and not forming
like Stock, a cement of attachment to the state) is a grand desideratum.

With a view to remedy this inconvenience in some degree in the metropolis,

or rather to ascertain whether the lower classes would deem 3 per
cent good interest for their hoards deposited on good security,

and likewise to induce them to form funds for the purchase of widowhood,
and other, Annuities, more peculiarly suited to their exigencies, I inserted
a clause in the Globe Act to authorize the proposed Establishment to
receive deposits, not payable at a less period than six months and
to allow interest on them:

Identifier: | JB/003/360/001"JB/" can not be assigned to a declared number type with value 3.
Date_1		Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	360	Info in main headings field	annuity notes
Image	001	Titles
Category	correspondence	Number of Pages	1
Recto/Verso	recto	Page Numbering
Penner		Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections		Paper Produced in Year	1799
Notes public		ID Number	1770
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