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The whole of the purchase-money was to be advanced by the State by the issue of guaranteed land stock, limited to the amount stated, and giving a dividend at two and three-quarters per cent., repayment being effected in forty-nine years by the purchaser by the payment of an annuity on his holding of four per cent.
Little by little I came into the knowledge that there was a money supply from somewhere; finally, it matters not how, that he had an annuity of forty thousand francs, paid in quarterly installments of ten thousand francs each.
"It is only right that you should know a little more about me before you decide. There is, however, little to know. I am an orphan, and, as far as I know, without a relation upon earth. My father was a respectable man, a country surgeon in Wales, and he brought me up to his own profession. Before I had passed my examinations, however, he died and left me a small annuity.
He thought that if he could become the possessor of a small farm, not so extensive as to require the use of valuable stock and cattle, but large enough to produce food for his family, with something to sell at the market-town, he should be able, together with his annuity, to place himself in a respectable and comparatively independent position.
After long discussion with a wine-merchant of Nanterre, a relation of her own and of the wine-merchant who had left her the money, the widow decided on buying an annuity, on selling her house at Nanterre, and living in the town of Saint-Germain.
"I was a fool and a idiot to take the money, for it went as fast as my money always did; but Peck wanted to start in the public line, and persuaded me to ask for that sum, and then in a year and a half it was all gone, and I had no annuity to fall back on," said Mrs. Peck. "Were you married to Peck or to Mrs. Phillips's father?" asked Brandon. "No, not exactly married. I kept out of bigamy.
It is certainly-easier for the consumer to pay five shillings a-year for every hundred ounces of plate, near one per cent. of the value, than to redeem this long annuity at five-and-twenty or thirty years purchase, which would enhance the price at least five-and-twenty or thirty per cent.
Thus in the twelfth century Gilbert Burdin grants land to Margam, and in return the abbot gives 20s. to the grantor, a gold coin to his wife, and red shoes to each of his children. In 1325 John Nichol, of Kenfig, gave his property to the abbey in return for a life annuity.
Signor Catalani was enraged at the turn which things had taken, but he could only acquiesce in the inevitable, especially as his daughter and her husband settled on him a country estate in Italy and a comfortable annuity for life. Mme. Catalani returned to Italy with a reputation which made her name the first in everybody's mouth.
Besides the town houses near Dublin, before mentioned, he granted to O'Brien all the abbeys and benefices of Thomond, bishoprics excepted; to McWilliam Burke, all the parsonages and vicarages of Clanrickarde, with one-third of the first-fruits, the Abbey of Via Nova and 30 pounds a year compensation for the loss of the customs of Galway; to Donogh O'Brien, the Abbey of Ellenegrane, the moiety of the Abbey of Clare, and an annuity of 20 pounds a year.
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