Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by William Cotton
page 44 of 144 (30%)
page 44 of 144 (30%)
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Life annuities are payable quarterly at the National Debt Office, in the form of a warrant on the Bank of England, either on personal demand, or through a bank by Power of Attor- ney; or they can be transmitted to the pro- prietor by post. The fixed dates are the fifth of January, the fifth of April, the fifth of July, and the fifth of October in each year. The first quarterly payment of annuities will become due as follows, namely: On annuities purchased between the first of December and the last day of February, on the fifth of April next following the day of purchase. Between the first of March and the last day of May, on the fifth of July next following. Between the first of June and the last day of August, on the fifth of October next following. Between the first of September and the last day of November, on the fifth of January next following. No sum less than £100 of stock or money can be received in the first instance, but it may be added to subsequently in sums of not less than £20. |
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