[Copyist’s hand]

nd [wm CW 1799]

Annuity Notes

Eden contin

[marginal heading:] §.17. p.75. 106

Rivalling Consols

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

[marginal heading:] §.18. p.77. 109

No benefit.

{ When they are at par the public will derive no benefit from this scheme, unless they can issue Annuity Notes yielding only 23/8 per cent interest. }

[marginal heading:] §.19. p.83. 118

Trusts

( The extension of the plan to paying off public 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? }

[marginal heading:] §.20 p.90. 128

Trustees

Settlements

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

[marginal heading:] §.21 p.92. 130

Forgery.

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

[marginal heading:] §.22. p.93. 132

Premium & Discount

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

Other possible cases may be supposed, in which, like Exchequer 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. }

[marginal heading:] §.23. p.98. 139

Doctor.

{ 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

F.M. Eden

Nicholas Vansittart Esqr.