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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</add>aand with little variation pursued, in Mr Pelhams time
Annis 1748-1751
Reduction of interest is the a declined 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 reduction3 per Cent of Stock Annuities, 5 per
Cents, 4 per Cents, and 3 per
Cents
3. Gross profit per Cent by the reduction] 1 per Cent Cents together, into so much
- - - - - - ] captital in 3 per Cent Note
Annuities
4. AMount of capital}£57,703,475
beforein which the reduction}
took place 1. Sruck 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}
3 per Cent ------}
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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