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26 Aug 1800 (Retract 30 Aug) + 100
19 Annuity Notes
Abstract
Ch. VII Advantages
Period III
1
Period III From
the opening of the
2d to that of the 3d
issue.
Characteristic profit
of this period
Profit by reduction
of rate of interest
on the Non redeemable
part the National
Debt from £2.19
to £2.7s.5d
Rate 11s 7d per £100
except a par £3
of original
amount of
Interest.
Ch. 7. Financial Advantages - Period III.
Larger Type
III Period III. From the opening of the 2d issue,
at 2 3/8 nearly (viz: £2.7s.5d per Cent)
to the redemption of the last parcel portion of
the paper of that 2d issue; whereupon follows
immediately the opening of the 3d issue at
£1:9s:6d, being a trifle less than 1 1/2 per Cent.
Rate ( set by Government) of interest on the closed issue during this period £2: 19s: 0d
Rate of the Open issue — — — — 2 : 7 : 5
Difference, constituting the rate of profit by the ) 11:7
operation — — — — )