Some Considerations on the National Debts, the Sinking Fund, and the State of Publick Credit

Some Considerations on the National Debts, the Sinking Fund, and the State of Publick Credit

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1729 edition. Excerpt: ...of it would perhaps have been much better Husbandry, bandry, than even borrowing Money upon the Land-Tax, at 5 per Cent. had that been really the Case j though it will appear to any one, who examines the Accounts, that by Anticipation of Interest upon the Tallies, before the Money was actually paid, more than 5 per Cent. hath been geneuerally given. o It would also be some Satisfaction to the Publick, to know the Reasons why these Bills, which are upon the current Service of the Tear, carry f per Cent. ac the same Time that we are told that the Supplies can be raised at 3 per Cent. I Must here take Notice again, that those Persons must be either very wise or very fortunate, who are generally possessed of the greatest Part of these Bills, and have such an Opportunity left of improving their Fortunes, when other People are reduced to 4 /. or 3 /. per Cent. but perhaps it may be thought, that the Nation is highly obliged to them for their great Care and Vigilance in preventing these Bills from coming to Market, which might depreciate the Value of all other Publick Securities. I Must here likewise take the Liberty to dissent fromsome Persons, so far as to think that the two Years Deficiencies, now due on the Land and Malt-Taxi are a National Debt, and ought to be reckoned as such in this Account, for the Reason which I have quoted before from the great Writer so often mentioned j since the Publick will find that they have so much to pay at last j and therefore, in my way of thinking, it will remain a Debt, till it is paid 3 for if we had not these Deficiencies annually to discharge, we should not certainly have Occasion to raise so much Money every Yearj which would be some Ease to us, under our present Load of Debts and 'Taxes. These These...show more

Product details

  • Paperback | 30 pages
  • 189 x 246 x 2mm | 73g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236944119
  • 9781236944115