JB/003/363/001

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Annuity Notes

that a 3 per cent Note will rival a 3 per cent consol:

When they are at par the public will derive no benefits from
this scheme, unless they can issue Annuity Notes yielding only
2 3/8 per cent interest.

The extension of the plan to paying off puclic Annuitants would,
in no case, be practicable: A great part of the funds belongs to trustees.
How could my Trustees convert Consols into Annuity Notes, and give me
authority to receive the Annual Interest, without, at the same time,
giving me the Annuity Notes, which being payable to bearer would
enable me to spend the principal?

I do not comprehend how (p. 46) 'settlements of money could
be made by this scheme without trouble or expence'.

I don't think the Author's plan of types, twice as large as
those on the wall facing the Treasury would prevent Forgery.

He supposes possible cases, in which his notes would bear a
premium (p. 32).

Other possible cases may be supposed, in which, like Exchequers
Bills they would bear a discount.

'As to the probability of any state of things so extraordinary as
to produce a Discount' he refers to a Chapter not printed.

I shall therefore close the discussion; with a hope if public
credit wants medicine it will not be permitted (to use Hume's
expression) to die of the Doctor.

I am Dr Sir
Yrs very faithfully
J. M. Eden

Nicholas Vansittart [...?]

Identifier: | JB/003/363/001"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	363	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	1773
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