Observations on mr. Pitt's plan for the reduction of the national debtJ. Davis, 1786 - 39 pages |
From inside the book
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Page 8
... compound interest ; it is easy to be proved , that the 3 per cents would not be redeemed fo low as 90 , upon an average , or any thing like it . This I fhall de- monstrate hereafter . But , I am willing to give every advantage poffible ...
... compound interest ; it is easy to be proved , that the 3 per cents would not be redeemed fo low as 90 , upon an average , or any thing like it . This I fhall de- monstrate hereafter . But , I am willing to give every advantage poffible ...
Page 10
... compound in- tereft arifes from the money applied at compound intereft being ... interest . * Therefore , in order to be able , in fifteen years of peace ... Compound Interest ( page 78 ) , it appears that 1,000,000l . annually applied at ...
... compound in- tereft arifes from the money applied at compound intereft being ... interest . * Therefore , in order to be able , in fifteen years of peace ... Compound Interest ( page 78 ) , it appears that 1,000,000l . annually applied at ...
Page 11
... compound interest , both during war and peace . § 26. Other strong arguments may be urged in favour of the principle of Mr. Pitt's Bill ; and I confess that , having confidered this fubject with the utmost attention , I do adopt that ...
... compound interest , both during war and peace . § 26. Other strong arguments may be urged in favour of the principle of Mr. Pitt's Bill ; and I confess that , having confidered this fubject with the utmost attention , I do adopt that ...
Page 20
... compound intereft . " The comparative fituation of those who do convert ... interest at 3 per cent . per annum , or at more than 3 per cent . per annum ... compound intereft , as long as it can be applied to the redemption of the new 4 ...
... compound intereft . " The comparative fituation of those who do convert ... interest at 3 per cent . per annum , or at more than 3 per cent . per annum ... compound intereft , as long as it can be applied to the redemption of the new 4 ...
Page iv
... interest upon the 5 per cents redeemed is only calculated at 4 per cent . it being fuppofed that new books may have been opened at the Bank to reduce the 5 per cents to 4 per cents , as explained in the ... COMPOUND INTEREST , Shewing the.
... interest upon the 5 per cents redeemed is only calculated at 4 per cent . it being fuppofed that new books may have been opened at the Bank to reduce the 5 per cents to 4 per cents , as explained in the ... COMPOUND INTEREST , Shewing the.
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...