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<p>(33)</p> | |||
< | <p>III Saving in respect of the dead annual expenditure composed<lb/> | ||
of <hi rend="underline">Official Salaries</hi>.</p> | |||
<p>III Saving in respect of the | <p>Under this head the proportion of saving would be found<lb/> | ||
to be at least equal to what it would be under the head N<hi rend="superscript">o</hi> 1.<lb/> | |||
<p>Under this head the proportion of saving would be found | see my Letter to the Penitentiary Committee as printed in<lb/> | ||
the appendix to their First Report. </p> | |||
<p>practice to no inconsiderable extent, I would beg leave also to < | <p>practice to no inconsiderable extent, I would beg leave also to<lb/> submitt, whether the unfrugality of their double expenditure<lb/> | ||
might not be found to have some claim upon the attention<lb/> | |||
of M<hi rend="superscript">r</hi> Vansittart. Some years ago my Brother, in his official<lb/> | |||
capacity found occasion to <gap/> endeavour to point<lb/> | |||
to this subject the attention of his superiors: I know not<lb/> | |||
with what fruit. – If in a work, capable of being compleated<lb/> | |||
in one year, you distribute the expenditure in equal portions<lb/> | |||
among ten years, the consequence is – that, for every<lb/> | |||
year but the last, money in the share of <hi rend="underline">interest</hi> upon<lb/> | |||
capital advanced, is expended in waste, and every year but<lb/> | |||
the last in the shape of <hi rend="underline">compound</hi> interest. If I do not<lb/> | |||
misrecollect my Brother found in this way upon some<lb/> | |||
angle article a <gap/> – I am afraid to say how much – <lb/> | |||
I believe some millions: certainly some hundreds of thousands.<lb/> | |||
– "If the work be such as is capable of being compleated in<lb/> | |||
"a year, rather than begin it immediately and keep on bestowing<lb/> | |||
<add>upon</add></p> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
(33)
III Saving in respect of the dead annual expenditure composed
of Official Salaries.
Under this head the proportion of saving would be found
to be at least equal to what it would be under the head No 1.
see my Letter to the Penitentiary Committee as printed in
the appendix to their First Report.
practice to no inconsiderable extent, I would beg leave also to
submitt, whether the unfrugality of their double expenditure
might not be found to have some claim upon the attention
of Mr Vansittart. Some years ago my Brother, in his official
capacity found occasion to endeavour to point
to this subject the attention of his superiors: I know not
with what fruit. – If in a work, capable of being compleated
in one year, you distribute the expenditure in equal portions
among ten years, the consequence is – that, for every
year but the last, money in the share of interest upon
capital advanced, is expended in waste, and every year but
the last in the shape of compound interest. If I do not
misrecollect my Brother found in this way upon some
angle article a – I am afraid to say how much –
I believe some millions: certainly some hundreds of thousands.
– "If the work be such as is capable of being compleated in
"a year, rather than begin it immediately and keep on bestowing
upon
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Identifier: | JB/550/259/001"JB/" can not be assigned to a declared number type with value 550. |
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550 |
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259 |
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001 |
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