[Copyist’s hand]

nd [wm CM 1799]

Annuity Notes

Eden contin

[marginal heading:] §.12. p.53. 79

Complication

subsidies and imposts, would be puzzled if he were to attempt to give change, for a £100 Bank Note, from a mass of Annuity Notes (part bearing nearly 3 per cent and part 23/8 per cent interest p.33) consisting of Standard Notes, Halves, and Quarters with a few odd years, months, and days, interest due on each, even with the assistance of small change: i:e: notes of 5d/34 bearing an interest of 1/512 part of a farthing per diem. }

[marginal heading:] §.13. p.62. 91

No Silver Paper

{ Paper money, never can answer as a substitute for copper money, till copper is as valuable as gold. }

[marginal heading:] §.14. p.63. 92

No Silver Paper

{ The wear and tear would ruin the paper money mint. A months circulation, among market women, turnpike-keepers, and publicans, would obliterate every clause of these portable contracts, every receipt for interest every table of computation. }

[marginal heading:] §.15 p.65. 95

Circulating medium

(Note) Alarm Contents

{ Of £400,000,000 of Annuity Notes

Supposing them all as good as Bankers Notes

how much would be wanted as a circulating medium? }

Would the remainder be any thing more than a mere security for an Annuity?

Its imperfections, in this office, I have already noticed.

[marginal heading:] §.16. p.74. 104

Bank & Bankers

{ If hoarders should prefer Annuity Notes to Bankers paper & Bankers bills, will not the 4 or 500 Bankers in G. Britain be injured and intitled to compensation?

If circulators should prefer Annuity Notes to B of England Paper will not that public body be a sufferer? }

{ Till, however, the stocks are near par, there seems little probability

that }