Observations on mr. Pitt's plan for the reduction of the national debtJ. Davis, 1786 - 39 pages |
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Page 6
... Suppose , as an instance , that the 3 per cents were at 77 , and that the 4 per cents were at or above par . It might become a question whether it would be better to obtain a present advan- tage , by redeeming the 4 per cents at par ...
... Suppose , as an instance , that the 3 per cents were at 77 , and that the 4 per cents were at or above par . It might become a question whether it would be better to obtain a present advan- tage , by redeeming the 4 per cents at par ...
Page 7
... suppose that the Plan of the Minister is , first to redeem 25 millions of the present 4 * per cents , then to redeem the 17 or 18 millions of the * There might be fome gain ( under the provifions of Mr. Pitt's Bill ) by purchafiug a few ...
... suppose that the Plan of the Minister is , first to redeem 25 millions of the present 4 * per cents , then to redeem the 17 or 18 millions of the * There might be fome gain ( under the provifions of Mr. Pitt's Bill ) by purchafiug a few ...
Page 8
... suppose that he does redeem the 3 per cents at 90 upon an average . He con- § 18. Now , I object to Mr. Pitt's Plan upon this very ground , viz . that his Plan is so contrived , that he will put the nation to a most enormous ex- pence ...
... suppose that he does redeem the 3 per cents at 90 upon an average . He con- § 18. Now , I object to Mr. Pitt's Plan upon this very ground , viz . that his Plan is so contrived , that he will put the nation to a most enormous ex- pence ...
Page 21
... in the third calculation of my Plan , I fhall suppose the un- converted 3 per cents . to be at 80 , or at any price whatfoever between 80 and 100 . D The " The grounds of the above ftatement will be feen hereafter [ 21 ]
... in the third calculation of my Plan , I fhall suppose the un- converted 3 per cents . to be at 80 , or at any price whatfoever between 80 and 100 . D The " The grounds of the above ftatement will be feen hereafter [ 21 ]
Page 29
... suppose that , at this moment , the general Rate of Intereft in the Country , were 4 and an balf per cent . Then , the NATURAL PRICE of the 3 per cents would be 66 and two thirds , as above ftated . § 77. Now , I fuppofe that Mr. Pitt ...
... suppose that , at this moment , the general Rate of Intereft in the Country , were 4 and an balf per cent . Then , the NATURAL PRICE of the 3 per cents would be 66 and two thirds , as above ftated . § 77. Now , I fuppofe that Mr. Pitt ...
Common terms and phrases
3d Column 5th day 6th Column Act of Parliament aforefaid alfo alſo annuities for long APPEN Bank of England becauſe Brought forward calculations cents redeemed cents reduced Column 3d COMPOUND INTEREST Confequently confideration Continued from Appendix day of April deem it expedient diſcharge Ditto Earl Stanhope's Plan faid 2d column faid Commiffioners faid Days faid fifth day faid Free Revenue faid fum faid Total fame faving fhall fall fhould firſt fome foregoing obfervations forward from Appendix four millions ftock fuch annuities fufficient fuppofe fuppofition half per cent hereafter Houſe of Commons increaſe inftance intereft long terms manner million annual furplus millions per annum Minifter NATURAL PRICE oppofite original million annual overplus monies paid perfon Pitt Pitt's Plan prefent National Debt propofed purchaſe purpoſe redeem the whole ſaid Shewing the Amount Sinking Fund ſtated ſtock ſuch TABLE OF COMPOUND thofe thoſe Total Debt unredeemed Value of Value
Popular passages
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Page 10 - ... delude the public, does evidently delude himself. He thinks, no doubt, that his plan for redeeming the national debt is to save the nation ; and if it be well managed, it unquestionably may save it. But if it be conducted in the way proposed by the bill now before the House of Commons, we shall neither profit by the peace, nor be prepared for war. We may let slip the present favourable opportunity of restoring our finances, and such an opportunity may perhaps never...