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12 Aug 1800
Ch. Comparison of the proposed mode of reduction with
Advantages, Mr Pelham's of the proposed plan for the alleviation make this a seperate Chapter Put the calculations in Notes
of the burthen of the National Debt, in comparison
of the plan, as originally proposed, <add>brought forwards and with little variation pursued, in Mr Pelhams time
Annui 1748-1751
Reduction of interest is the a declared object with Parliament:
- the only question is as to the mode.
1. Mr Pelhams plan 1. Proposed Plan
2. Profit.- Gross profit 2. Profit -
1. Rate of interest before I. R In the course of the conversion
the reduction - . 4 per Cent of the £496,000,000
2 Do after the reduction 3 per Cent of Stock Annuities, 5 per
Cents, 4 per Cents, and 3 per
3. Gross profit per Cent by the reduction} 1 per Cent Cents together, into so much
- - - - - - ] capital in 3 per Cent Note
Annuities
4. Amount of capital}£57,703,475
beforein which the reduction}
took place 1. Struck off from £25 000 000
5. Amount of interest} 4 per Cents, at 1
in do before the } per Cent - - 250,000
reduction at 4 per} £2,308,136
Cent on the above } 2. do from £28,125,582 of
capital
6. Do in do after the } 5 per Cents Counts at
reduction completion } £1,731,102 2 per Cent 562,000
of the reduction at}
5 per Cent ------}
7. The difference (1} 3. Do from the remaining
per Cent) gives the amount
of perpetual Annuities} £20,266,899 4 per
507,000
saved from} £577,034 Cents, at 1 per Cent 202,000
19,759,859
25th Decr 1757. ) 4. Do from £20,2500 Loyalty
II. Expense causi
sacrifices to be mad
of the above
4 Bonus to the
i:e: persons
by subscription
consent to the
1. 2 per Cent up
for the first ye
ending 25 Dec
2 1/2 per cent en
7 years thereaf
7 years ending
1757....
Total..
Identifier: | JB/106/021/004 "JB/" can not be assigned to a declared number type with value 106.
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106 |
frigidarium |
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021 |
frigidarium |
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004 |
preservandum / nidus's / vessels |
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2 |
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recto |
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34609 |
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