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Abstract
Ch Note Annuity
Fixed
9 5
Amount of the
further addition
by virtue of the
measures taking
5 years for the
acceleration - and
5 per Cent compound
interest for the
rate of accumulation
on National
Capital
£
Whatever amount of profit the proposed measure may be attended
with, this profit being also appliedin and of the other Sinking Funds, to the redemption
of the debt, will produceact in an act in acceleration of that effect.
It will therefore, in proportion to the acceleration, be
productive of a distinguishable addition to the mass
of national capital, in proportion to the acceleration
thus produced by it. (Upon a calculation which,
gross and inaccurate as enough for the present purpose
In a rough way, the amount of this addition may
be stated as equal to the interest, at compound interest, at the rate
at which the National capital is accumulating, upon
the above £400,000,000, for the term of years expressivestruck
off by the acceleration.(a)
—
Note (a) in p. 142
(a) This calculation would require great corrections:[+] but [+] but these requiring
more room than would
[+] by these are omitted
with the less scruple
in as much
be thought worth
believing, thus are
omitted with the
less scruple, in as
much as
the effectresult of the would be altogether in favour of the to increase the amount
of profit here assumed:measure:- As it would operate in addition to the rate go to increase
—
Taking 5 per Cent compound interest for the rate at which the in the rate of interest (at compound
interest) National capital accumulated and no more than 5 years for the amount of the
acceleration, the amount of the addition to the mass
of National capital on this score would be
£110,572,624. (b) (b) Note in next page
Take up p. 143
1,276,281,56
276281
400
—
100,512,624,00
110512
From
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