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
Catalogue details

Licence: Public Domain Mark

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.

    55/508 (page 29)
    £ *9] and does not arife from the Eftate itfelf. And when we conlider the Eftate naked as it is, and ftripp’d of this foreign Adi ft an ce ; if vve ihould admit that it might be purchafed at a Rate where Intcrcft is computed at 6 /. per Cent, and a Fee- Simple where ’tis computed at 5 /. only ; and though vve fhould fuppofe that the Land-Tax, Repairs, and accidental Lodes, were not to be placed to the d ermer s Account ^ yet even up¬ on thefe d cims, I am-not of Opinion that the Prudence anti good Husbandry is on the Side on which this Author has put it. In Theory and mcer Computation it mult be with him, be- caufc, paft all Peradventure, ’tis better to have 6/. per Cent, if ’tis to be had, than to have 5 I. whether it be for Expcnce or for Incrcafe, if there were nothing to be regarded but meerly the Income ; nay, and if the nicer Income is conlider’d, I doubt, in Practice and in the Event, even this will not, and in FaCt rarely does, an- fwer fuch Expectations. The Owner of a Fee-Simple has a fix’d per¬ manent Eftate • his Property is an entire Thing, lies together, and is ready to his Hand ; and being veiled in Terri F,rma, is fubjed to no Ha¬ zards, Accidents, or Contingencies, none I mean but what a Leafc-hold Property is equally liable to: for I have no Regard to the Inlinu- ation, that a Tenant by Lcafe has an indifputable d ttlc to his Eftate, fince there are many more Suits between Landlord and Tenant, either about ,thc Eftate granted, or the d'erms on ■Ticb tis granted, than there are between the Buyers