France in eighteen hundred and two : $b Described in a series of contemporary lettersYorke, Henry Redhead
History
France in eighteen hundred and two : $b Described in a series of contemporary letters
Yorke, Henry Redhead
France -- Description and travel
In order to make the annuities equal for all ages it has been
necessary only to reproduce in each class, at the age wherein each of
the subsequent classes are introduced, an operation which consists
simply in dividing this capital, the same for all the classes which
have attained the same ages, by the number of shares in the class in
question, which number is the same as that to which all former classes
are reduced.
The twelve classes comprise from one year to sixty-five years; each
class contains different periods of five, six, or seven years; all the
individuals comprehended under these periods are considered as being of
the same age, and paid as such until the extinction of the amount to
which they belong. The total number of shares cannot exceed 245,712,
and the prices of shares in the respective classes are thus regulated:
PRICES OF SHARES.
Livres. Centimes.
1. Those who have not completed their first year 140 0
2. Those who have not completed their eighth year 199 75
3. From 8 to 13 years of age 223 26
4. „ 13 to 18 „ „ 242 39
5. „ 18 „ 24 „ „ 260 91
6. „ 24 „ 30 „ „ 279 98
7. „ 30 „ 36 „ „ 301 52
8. „ 36 „ 43 „ „ 335 65
9. „ 43 „ 50 „ „ 383 28
10. „ 50 „ 55 „ „ 427 27
11. „ 55 „ 60 „ „ 479 84
12. „ 60 „ 65 „ „ 552 84
These shareholders receive a progressive annuity per share as follows:
ANNUITY.
Livres. Centimes.
1. Until 8 years of age 6 0
2. From 8 to 13 years of age 8 0
3. „ 13 to 18 „ „ 10 0
4. „ 18 „ 24 „ „ 12 0
5. „ 24 „ 30 „ „ 13 0
6. „ 30 „ 36 „ „ 14 0
7. „ 36 „ 43 „ „ 16 0
8. „ 43 „ 50 „ „ 19 0
9. „ 50 „ 55 „ „ 23 0
10. „ 55 „ 60 „ „ 28 0
11. „ 60 till death 34 0
There is no limit to the number of shares a person may hold. Each class
is to be closed as soon as the fixed number of shares shall have been
completed.
Public-domain text, read in full here on John Shaqi.
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