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22 Sept 1800 + 127
2d 3d Assembly Ch x. War War
4 From the profit by raising the price of Stock to Loan Subscribers must be deducted the loss by raising it to the Sinking Fund
Were it not for the operation of the Sinking Fund,
the profit on this account would be so much char:
but, inasmuch as, to the extent of the purchases Stock purchased
of Stock made in the year by that Fund, Government
loses exactly as much as it gains on the sales
Stock sold in that same year in the way of and by the Loan,
the amount of the loss by the purchase must will be always to be deducted,
from that of the sale profit by the sale: (a) (a) Note Illustration (a) Note at bottom of this page
as thus
Profit 1 p on £20,
Profit at 1 per Cent
profit a 20,500,00 Loss a 4,500,000 First year of with profit
To
Note to p. 127.
(a) Money raised by Loan of 1800. + + 39 & 40 G.3. c.22 dated 10th March 1800
contracted for
232d Feby 1800. # # Times 22 Feb. 1800. . . . . }£20,500,000
Deduct Income of the Sinking Funds on the 24th of
March 1800 exclusive of the dividends on the Stock produced
put in the hands of the Commissioners by the Sale of the Land Tax || || HCommon's Finance recounts 1800 No v1 dated 24 March 1800. . . . . }£4,649,870
Deduct. Remains amount of money on the
which the profit by of the
terms of the loan takes place . . . . }15,850,130 ,870
Deduct year's dividend of on the money produced Stock purchased
by Sale of Land Tax as above . . . . } 437,659 ++ ++ Mr Rose's Brief Examination, p.77. 6th edit. 1800.
£15,412,471
To this account, some corrections might be made; by
observations relative to dates: but the benefit would not
be worth the trouble.
Identifier: | JB/002/225/001 "JB/" can not be assigned to a declared number type with value 2.
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1800-09-22 |
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annuity notes |
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note to p. 127 |
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f127 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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