3 Aug. 1801

Eden

Simple Computation

1

71[?]

Observations continued

25, 26. p.3

Standard Annuity Notes, varying in 6 months from £12.16s value to £12.19s 9½

would not answer the purposes of circulation, which requires quick and simple

computations.”

Counter-Observations.

Computations? – yes – where computation is necessary, as in the case of an

Exchequer Bill, or an India Bond: there indeed the quicker and more simple they

are, certainly the better. The Exchequer Bill is in that respect better than the

India Bond, because in the Bill the daily interest is an exact aliquot or

commensurable part of the yearly interest, which in the instance of the Bond is

not the case. But in the case of the Annuity Note no computation at all is

necessary: inspection takes the place of it. Is not that better still? -

Opposite the day of the month, you see the value.

Oh but (it may be said) there are people that can’t read at all – and

what