[Copyist’s hand]

nd [wm 1799]

Annuity Notes

Eden cont

[marginal heading:] §.5. p.16. 21

Lost &c.

{ 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 crowd, lost at a gaming table, or spent at an alehouse. }

[marginal heading:] §.6. p.20. 27

Legacy Tax

Representatives

{ If this project for making money breed in a drawer 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 worst kind, and not forming, like Stock, a cement

of attachment to the state) is a grand desideratum. }

[marginal heading:] §.7. p.23. 31

Globe not wanted

Trifling

{ 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: }