Table, A. 2.

Estimated Amount of the Sinking Fund, at the 1st of August in each Year, according to the Existing System, and according to the Proposed Plan, upon the foregoing Suppositions.

+ In 1830, the Sinking Fund, according to the Existing System, is reduced from £.41,031,719. its Amount on the 1st August of that year, to £.19,745,200. in consequence of the Redemption of the Debts consolidated by the Act of 1802.

A Reduction of a similar nature, but of a smaller Amount, takes place on the Redemption of each subsequent Loan, the Period of which may be found in Table, A. 3.

VOL. I.

No. I.

S

Table, A. 3.

Statement of the Periods of Redemption of the Funded Debt contracted prior to 1813, according to the Existing System, and according to the Proposed Plan; continuing the foregoing Suppositions.

N. B. Supposing no further Loans to be contracted after the total redemption of the Debt existing prior to 1813, and the redemption of Debt to proceed thenceforward at £. 3. per cent compound interest, the Tbt remaining unredeemed in the year 1845, according to the Existing System, would be wholly redeemed in the year 1891.

And the Debt remaining unredeemed in 1837, according to the Proposed Plan, would be wholly redeemed in the year 1870.

National Debt Office,

Feb. 25th, 1813.

S. HIGHAM.

Table, B. 1.

Estimated Annual and Total Amount of New, Taxes, to be imposed according to the Existing System, and according to the Proposed Plan; on the Supposition of Annual Loans of 25 Millions at £.5. per centum, until the Redemption of all Funded Debt created prior to 1813.

N. B. In this, and the following Tables, it has not been thought necessary to make allowance in the calculations which relate to the Proposed Plan, for the application within the first year of the Per-Centage provided for each Loan; the operation of which has, however, been attended to in Table A. and throughout all the calculations respecting the Existing System.

In 1821, the War Taxes pledged for the Loan of 1807 will, according to the Existing System at £. 5. per centum, be set at liberty by the redemption of that Loan, and again become applicable to the Service of the year. The future annual Loans are therefore reduced to £. 24,000,000. and the charge thereby occasioned to £.1,600,000.; and from the year 1829, it is supposed that the Loans will be charged upon the Funds appropriated to the Consolidated Sinking Fund, of 1802, which will fall in in 1830, and the several Loans which will fall in after that year; and therefore no further Taxes will be necessary.

Table, B. 2.

Estimated Amount of the Sinking Fund at the 1st of August in each Year, according to the Existing System, and according to the Proposed Plan; upon the foregoing suppositions.

In 1830, the Sinking Fund, according to the Existing System, is reduced from £. 39,675,101. to £. 18,388,582, in consequence of the Redemption of the Debts consolidated by the Act of 1802.

A reduction of a similar nature, but of smaller Amount, takes place on the Redemption of each subsequent Loan, the Period of which may be found in Table, A. 3.

Table, B. 3.

Statement of the Periods of Redemption of the FUNDED DEBT contracted prior to 1813, according to the Existing System, and according to the proposed Plan; continuing the foregoing Suppositions.

N. B. Supposing no further Loans to be contracted after the total redemption of the Debt existing prior to 1813, and the redemption of Debt to proceed thenceforward at 31. per cent compound interest, the Debt remaining unre'deemed, in the year 1845, according to the Existing System, would be wholly redeemed in the year 1891.

And the Debt remaining unredeemed in 1839, according to the Proposed Plan, would be wholly redeemed in the year 1872.

National Debt Office,

Feb. 25th, 1813.

}

S. HIGHAM.