An essay to ascertain the value of leases and annuities for years and lives, and to estimate the chances of the duration of lives. Wherein are many observations on bills of mortality, etc / [Anon].

Weyman Lee

Date:: 1737

Credit: An essay to ascertain the value of leases and annuities for years and lives, and to estimate the chances of the duration of lives. Wherein are many observations on bills of mortality, etc / [Anon]. Source: Wellcome Collection.

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$[ *3 ] or thereabouts, than to givre twenty or twenty* one V cars Value for Lands of Inheritance ; and to prove the Affertion gives this Cafe. The Lcafc-hold to be purchafed, hefuppofes to be l oo /. per Annum, beiidcs the referved Rent: 1 hat il a Man gives 1200/. for this Eflate, he gives 800/. or poo/, lefs than he mull give for an Kilate in fee, and confequently that he has 8co /. at leail to improve j though he has the fame Income as ii Ire had laid out 2000 /. in Lands ot Inheritance. And as for the 8co /, Surplus Money, this, at the End of feven Years produces 280 /. at 5 /. per Cent. Simple Interell; that ii the Landlord ihould take 2jo /. which is two \ears Value and an half, for a Renewal, fuch I enant would be a Gainer 30/. beiides the Improvement he might make of his Intercft; and that ii the Landlord take only one Year’s \ alue, as Churches and Colleges now do, the Fine would be lefs by 150 /. (it Ihould be faid 180/.) than the Simple Intcreft of the 800/. * the I enant confequently is a Gainer to that Value. I his Inflance, though it may feem a lamiliar one, will never be admitted to be a lair one, be- caufc the Comparifon ought not to have been Iramed between 2000/. laid out in Lands of In¬ heritance ot one Side, and on the other Side, 1 -CO /. laid out on Leafe-hold Lands, and 800/. referved at Interell, but the whole 2000/. on both Sides Ihould have been iuppofed to have been veiled in Lands } and it *tis good Husbandry to lay out Money on Leafes, the more Money is - : laid$