Observations on mr. Pitt's plan for the reduction of the national debtJ. Davis, 1786 - 39 pages |
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Page 5
... present year , 1786 . The fourth quarterly fum of two hundred and fifty thousand pounds will , therefore , be fet apart on the fifth day of April in the year 1787 , which faid fifth day of April 1787 I fhall , confequently , confider as ...
... present year , 1786 . The fourth quarterly fum of two hundred and fifty thousand pounds will , therefore , be fet apart on the fifth day of April in the year 1787 , which faid fifth day of April 1787 I fhall , confequently , confider as ...
Page 6
... public money , the private property of the said Commiffioner or Commiffioners will ... Debt . § 13. If it be faid that the account of stock fold , & c . is to be ... present advan- tage , by redeeming the 4 per cents at par , or a future ...
... public money , the private property of the said Commiffioner or Commiffioners will ... Debt . § 13. If it be faid that the account of stock fold , & c . is to be ... present advan- tage , by redeeming the 4 per cents at par , or a future ...
Page 7
... cents below 75 would probably not be of long duration ; inafmuch , as the throwing the whole Free Revenue upon the prefent 3 per cent . ftock would tend confiderably to raise it . present 1 present 5 per cents , ( which cannot , [ 7 ]
... cents below 75 would probably not be of long duration ; inafmuch , as the throwing the whole Free Revenue upon the prefent 3 per cent . ftock would tend confiderably to raise it . present 1 present 5 per cents , ( which cannot , [ 7 ]
Page 8
... present 4 per cents be redeemed next ; and then , that the Free Revenue be ... nation to a most enormous ex- pence in redeeming the capital of the present ... public property is perfectly without neceffity . GENERAL GENERAL PRINCIPLES on ...
... present 4 per cents be redeemed next ; and then , that the Free Revenue be ... nation to a most enormous ex- pence in redeeming the capital of the present ... public property is perfectly without neceffity . GENERAL GENERAL PRINCIPLES on ...
Page 10
... debt in time of war , because the ftocks in time of war bear a lower price ... national debt ; it is neceffary , that the Free Revenue ( if applied folely in time of peace ) ... present , which the nation would certainly not be able to bear ...
... debt in time of war , because the ftocks in time of war bear a lower price ... national debt ; it is neceffary , that the Free Revenue ( if applied folely in time of peace ) ... present , which the nation would certainly not be able to bear ...
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
Page 16 - No. IV No. V No. VI No. VII No. VIII No. IX No. X No. XI No. XII . No. XIII No. XIV No. XVI Pipe Line...
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...