public business in British empire,223-acts of Parliament pass-
ed in 1807-8-9-10, 224-THE NATIONAL DEBT of Britain,
225-policy of sponging it, 226-its extent, 226-effects of not
paying it, on Britain, 227---on other nations, 228---its real amount,
229--how lessened by depreciation in money-value, 229---its no-
minal and real amount in 1809, 230---difference between sterling
money and debt-capital, 232-terms of loans in 1806-7-8-9, 233
--cause of difference between sterling money and debt-capital,
234-nature of the public funds in Britain, 234--aggregate fund,
235-South-sea fund, 235—general fund, 235—sinking fund, 236
-encroachments thereon, 237-Mr. Pitt, 238-consolidated fund,
240-sinking fund of 1786, or old S. F. 240-its operation for
100 years, 240--new sinking fund of 1792, 241-their income
how arising, 241-all British national debts reduced to annuities,
242-Lord Henry Petty's plan of finance in 1807, 243-Mr.
Perceval's annuity-sinking fund in 1808, 245-dates when the
sinking funds redeem the whole national debt, 247-error of Mr.
Rose and the British commissioners of finance, in not distin-
guishing the different qualities of the debt-capital and sinking-
fund income, 250-public debt incurred and redeemed from
1716 to 1786, 251---from 1786 to 1806, by old and new sinking-
funds before and after their consolidation, 251---debt-capital,
redemption and difference from 1794 to 1807, 252---debt-capital
redeemed in 1807, 253---in 1808, 253---in 1809, 254---income of
sinking fund on 1st February, 1809, 255---debt-capital of Ireland
redeemed in 1809, 256---of Imperial debt, 257---debt-capital of
Great-Britain redeemed in 1810, 260---income of sinking fund in
1810, 261---loan in 1810, 261---mode in which the sinking funds
liquidate the national debt, 261---rapidity with which the sink-
ing funds gain upon the whole debt-capital, 265—with one-third
more speed than is allowed by Mr. Rose on the finance-commit-
tee, 267-resolutions on finance 20th June, 1809, 268-public
debt of Great-Britain in 1803....1809-funded and unfunded, re-
deemed and unredeemed, 269-variations in the public debt
between 1803 and 1809, 271-the thirteenth resolution examin-
ed, and proved to under-rate the force of the sinking-fund by one-
third 273-the basis of the new sinking fund of 1792 is one and
one-third, not one per cent. per annum on all the debt-capital
created since 1792, 275-distinction taken by Lord Henry Petty
in 1807, 278-public debt of Ireland, funded and unfunded, re-
deemed and unredeemed in 1803....1809, 279-variations of debt
between 1803 and 1809, 280-the thirtieth resolution examined
and found erroneous in like manner as the thirteenth, 280---
commerce of Ireland in 1803....1809, 281---total public expendi-
ture of Great-Britain from 1793 to 1803, 282---total ways and
means, 282---do. from 1803 to 1810, 282---loans saved by war-
taxes, 283---Britain gains more annually by the depreciation of
money-value on the whole debt than she adds to the debt by loans,