 | Stephen Dowell - Taxation - 1888 - 618 pages
...Return Pub. Inc. and Expend. II., p. 281. of the allotted stock as soon as possible, invariably prefer a perpetual annuity redeemable by parliament to an irredeemable annuity for a long term of years of about an equal amount, in consequence of the steadiness in value which makes it the more convenient... | |
 | Charles Jesse Bullock - Finance - 1906 - 698 pages
...purchasers. The subscribers to a new loan, who mean generally to sell their subscription as soon as possible, prefer greatly a perpetual annuity redeemable by parliament,...only equal amount. The value of the former may be supposed always the same, or very nearly the same ; and it makes, therefore, a more convenient transferable... | |
 | Charles Jesse Bullock - Finance - 1906 - 700 pages
...purchasers. The subscribers to a new loan, who mean generally to sell their subscription as soon as possible, prefer greatly a perpetual annuity redeemable by parliament,...only equal amount. The value of the former may be supposed always the same, or very nearly the same ; and it makes, therefore, a more convenient transferable... | |
 | Michael Lewis - Economic policy - 2007 - 1476 pages
...purchasers. The subscribers to a new loan, who mean generally to sell their subscription as soon as possible, prefer greatly a perpetual annuity, redeemable by...only equal amount. The value of the former may be supposed always the same, or very nearly the same; and it makes, therefore, a more convenient transferable... | |
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An annuity for a long term of years, therefore, though its intrinsic value may be very nearly the same with that of a perpetual annuity, will not find nearly the same number of purchasers. The subscribers to a new loan, who mean generally to... 
