http://en.wikisource.org/wiki/The_Wealth_of_Nations – annuities for terms of years both long and short were subscribed into the same fund. The long annuities at that time amounted to 666821l. 8s. 3 1 d. a year. On the 5th of January 1775, 2 the remainder of them, or what was not subscribed at that time, amounted only to 136453l. 12s. 8d. During the two wars which began in 1739 and in 1755, little money was borrowed either upon annuities for terms of years, or upon those for lives. An annuity …
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