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Advantages, <add>M<hi rend="superscript">r</hi> Pelham's</add> of the proposed plan for the alleviation <note>make this a seperate Chapter Put the calculations in Notes</note><lb/> | Advantages, <add>M<hi rend="superscript">r</hi> Pelham's</add> of the proposed plan for the alleviation <note>make this a seperate Chapter Put the calculations in Notes</note><lb/> | ||
of the burthen of the National Debt, in comparison<lb/> | of the burthen of the National Debt, in comparison<lb/> | ||
of the plan, <add>as originally <del>proposed,</del><add>brought forwards</add>< | of the plan, <add>as originally <del>proposed,</del> <add>brought forwards</add> <add>and with little variation</add> pursued, in M<hi rend="superscript">r</hi> Pelhams time</p> | ||
<head><unclear> | <head><unclear>Annui</unclear> 1748-1751</head> | ||
<p>Reduction of interest is <del>the</del> a | <p>Reduction of interest is <del>the</del> a declared object with Parliament:<lb/> | ||
the only question is as to the mode.</p> | - the only question is as to the mode.</p> | ||
1. M<hi rend="superscript">r</hi> Pelhams plan 1. Proposed Plan< | <p>1. M<hi rend="superscript">r</hi> Pelhams plan 1. Proposed Plan</p> | ||
2. Profit.- Gross profit 2. Profit -< | <p>2. Profit.- Gross profit 2. Profit -</p> | ||
1. Rate of interest before I. <del>R</del> In the course of the conversion<lb/> | <p>1. Rate of interest before I. <del>R</del> In the course of the conversion<lb/> | ||
the reduction - | the reduction - . 4 per Cent of the £496,000,000</p> | ||
2 D<hi rend="superscript">o</hi> after the | <p>2 D<hi rend="superscript">o</hi> after the reduction 3 per Cent of Stock Annuities, 5 per<lb/> | ||
Cents, 4 per Cents, and 3 per < | Cents, 4 per Cents, and 3 per</p> | ||
<p>3. Gross profit <add>per Cent</add> by the reduction} 1 per Cent Cents together, into so much<lb/> | |||
3. Gross profit <add>per Cent</add> by the reduction | - - - - - - ] capital in 3 per Cent Note<lb/> | ||
- - - - - - ] | Annuities</p> | ||
Annuities< | <p>4. Amount of capital}£57,703,475<lb/> | ||
4. | |||
<del>before</del><add>in which</add> the reduction}<lb/> | <del>before</del><add>in which</add> the reduction}<lb/> | ||
took place | took place 1. Struck off from £25 000 000</p> | ||
5. Amount of interest} 4 per Cents, at 1<lb/> | <p>5. Amount of interest} 4 per Cents, at 1<lb/> | ||
in d<hi rend="superscript">o</hi> before the } per Cent - - 250,000<lb/> | in d<hi rend="superscript">o</hi> before the } per Cent - - 250,000<lb/> | ||
reduction at 4 per} £2,308,136<lb/> | reduction at 4 per} £2,308,136<lb/> | ||
Cent on the above } 2. d<hi rend="superscript">o</hi> from £28,125,582 <del><gap/></del> of<lb/> | Cent on the above } 2. d<hi rend="superscript">o</hi> from £28,125,582 <del><gap/></del> of<lb/> | ||
capital< | capital</p> | ||
6. D<hi rend="superscript">o</hi> in d<hi rend="superscript">o</hi> after the } <add>5</add> per Cents Counts at<lb/> | <p>6. D<hi rend="superscript">o</hi> in d<hi rend="superscript">o</hi> after the } <add>5</add> per Cents Counts at<lb/> | ||
<del>reduction</del> completion } £1,731,102 2 per Cent 562,000<lb/> | <del>reduction</del> completion } £1,731,102 2 per Cent 562,000<lb/> | ||
of the reduction at}<lb/> | of the reduction at}<lb/> | ||
5 per Cent ------}</p> | |||
7. The difference (1} | <p>7. The difference (1} 3. D<hi rend="superscript">o</hi> from the remaining<lb/> | ||
<add>per Cent)</add> of perpetual Annuities} <hi rend="underline">£20,266,899</hi> <del><gap/></del> 4 per<lb/> | <add>per Cent)</add> gives the amount<lb/> | ||
of perpetual Annuities} <hi rend="underline">£20,266,899</hi> <del><gap/></del> 4 per<lb/> | |||
<hi rend="underline">507,000</hi><lb/> | <hi rend="underline">507,000</hi><lb/> | ||
saved from} £577,034 Cents, at 1 per Cent 202,000<lb/> | saved from} £577,034 Cents, at 1 per Cent 202,000<lb/> | ||
19,759,859<lb/> | |||
25<hi rend="superscript">th</hi> Dec<hi rend="superscript">r</hi> 1757. ) 4. D<hi rend="superscript">o</hi> from £20,2500 Loyalty< | 25<hi rend="superscript">th</hi> Dec<hi rend="superscript">r</hi> 1757. ) 4. D<hi rend="superscript">o</hi> from £20,2500 Loyalty</p> | ||
<p>II. Expense causi<lb/> | |||
sacrifices <add>to be</add> mad<lb/> | |||
of the above<lb/> | |||
4 Bonus to the<lb/> | |||
i:e: persons<lb/> | |||
by subscription<lb/> | |||
consent to the<lb/> | |||
1. 2 per Cent up<lb/> | |||
for the first ye<lb/> | |||
ending 25 Dec<lb/> | |||
2 1/2 per cent en<lb/> | |||
7 years thereaf<lb/> | |||
7 years ending<lb/> | |||
1757....<lb/> | |||
Total..</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} |
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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34609 |
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