An Inquiry Concerning the Rise and Progress, the Redemption and Present State, and the Management, of the National Debt of Great Britain and IrelandOliphant, Waugh, and Innes, 1818 - 340 sider |
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An Inquiry Concerning the Rise and Progress, the Redemption and Present ... Robert Hamilton Uten tilgangsbegrensning - 1818 |
An Inquiry Concerning The Rise And Progress, The Redemption And ..., Volum 3 Robert Hamilton Uten tilgangsbegrensning - 1814 |
An Inquiry Concerning the Rise and Progress, the Redemption and Present ... Robert Hamilton Uten tilgangsbegrensning - 1818 |
Vanlige uttrykk og setninger
1st February 5th January additional taxes amount annual applied Bank of England burthens Capital funded charged on additional charged on duties civil list commencement compound interest cons consolidated fund debt contracted debt existing debt redeemed dividends duties on soap East India equal expenditure expense extent five per cent former four per cents funded debt Government granted greater holders increase Ireland Irish debt Joint loan land tax loan for Britain long annuities Lord Henry Petty's lottery loyalty loan Management at L.450 manner measures ment millions mortgaged national debt Note nuities operations payable payment peace establishment present principles proportion public creditors public debt purchase rate of interest redeemable debt redemption reduced reign seven years war sinking fund South Sea Company stamp duties subscribed sum borrowed Sums raised surplus taxation three per cents tion tontine Total charge transferred unfunded debt unredeemed whole debt
Populære avsnitt
Side 4 - The excess of revenue above expenditure is the only real sinking fund by which the public debt can be discharged. The increase of the revenue and the diminution of expense are the only means by which this sinking fund can be enlarged, and its operations rendered more effectual : And all schemes for discharging the national debt, by sinking funds operating by compound interest, or in any other manner, unless so far as they are founded upon this principle, are illusory.
Side 3 - ... of peace, and the annual excess of the war expenditure, compared with the annual savings during the peace establishment, be so related, that more debt is contracted in every war than is discharged in the succeeding peace, the consequence is a perpetual increase of debt; and the ultimate consequence must be, its amount .to a magnitude which the nation is unable to bear.
Side 280 - And whereas to pursue schemes of conquest and extension of dominion in India are measures repugnant to the wish, the honour, and policy of this nation...
Side 188 - Hamilton, in another part of his work, observes, " If the sinking fund could be conducted without loss to the public, or even if it were attended with a moderate loss, it would not be wise to propose an alteration of a system which has gained the confidence of the public, and which points out a rule of taxation that has the advantage at least of being steady. If that rule be laid aside, our measures of taxation might become entirely loose.
Side 40 - ... generations. It is true that if the system were invariably adhered to, the sum would increase at the rate which calculation points out, until it was limited by the impossibility of finding borrowers, or employing it in any profitable manner. The system of accumulating a national treasure * See Note IV.
Side 5 - ... superfluous to adduce any arguments in support of them, and the others may be inferred from these, by a very obvious train of reasoning. Yet measures inconsistent with them have not only been advanced by men of acknowledged abilities, and expert in calculation, but have been acted on by successive administrations, annually supported in parliament, and ostentatiously held forth in every ministerial publication.
Side 221 - The absurdity of supposing any advantage derived from this annual discharge of his debts will appear still stronger, if we suppose him, instead of borrowing from other hands, only to renew the securities to the same creditors annually, paying a fee to the agents, and a douceur to the creditors themselves on the renewal. All these observations are equally applicable to the debt of a nation, conducted as ours is. It would not be impracticable, or very difficult, to redeem our whole debt in any year,...
Side 223 - ... market in the latter years of its operation as might produce a very dangerous depreciation of the value of money. Many inconveniences might also arise from the sudden stop which would be put to the application of those sums when the whole debt should have been redeemed, and from the no less sudden change in the price of all commodities which must follow from taking off at one and the same moment taxes to an extent probably then much exceeding thirty millions.
Side 159 - ... supposes an annual sum of L.200,000, set aside as a fund for keeping the debt, which the nation is continually incurring, in a state of redemption. If applied the first way, a debt of L.200,000 is discharged the first year, which, supposing interest at five per cent., disengages an annuity of L.10,000.
Side 71 - False reports are frequently raised by knavish people for that purpose. In the early part of the Funding System, a separate account was kept of each loan, and of the tax imposed for payment of the interest. This method was afterwards found inconvenient, as the produce of some of the taxes fell short of the expected sum, while that of others exceeded it, and the multiplicity of funds produced confusion. To obviate this inconvenience, the different funds were united, and to each various branches of...