This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1820 edition. Excerpt: ...throw a heavy burden upon the Sinking Fund; and if the 3 per cents, were to rise to 75, then there would be a loss of lis. 3d. upon every 100/., and that upon several millions would amount to a most serious sum, taken most unnecessarily from that which ought to be nursed with the greatest parental care. And ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1820 edition. Excerpt: ...throw a heavy burden upon the Sinking Fund; and if the 3 per cents, were to rise to 75, then there would be a loss of lis. 3d. upon every 100/., and that upon several millions would amount to a most serious sum, taken most unnecessarily from that which ought to be nursed with the greatest parental care. And this is given to an object which required no bounty, but which, without it, was resorted to with avidity and enthusiastic zeal. It has occurred to me that this may be corrected or balanced by a very simple scale: --'1 could not but observe, that all who wished for no Provident Bank, or who wished for one next to none, strongly urged, that if the stocks fell greatly, the poor would be very discontented. Many of the friends of these banks adopted the same observation. I certainly always opposed it, by representing that probably the sums had been deposited when the funds were low; and if not, and they should fall from 80 to 60, or in the proportion of 4 to 3, few would want to draw out; and, with the increase of the dividends, it would produce no sensible effect whatever. If then they were placed in the funds, poor and rich had, all alike, an interest in supporting the rise of the funds, and in suppressing disloyalty, insurrection, and every thing that tended to lower them. When the 3 per cents, are at 60, they produce five per cent.; at 66/. 3s. 2d. they produce 4/. 15s.: so t. d. s. 60 0 0 produce 5 per cent. 63 3 2.. 4 15 66 13 4.. 4 10 V0 11 8..45 75 0 0..40 80 0 0... 3 15 If, whilst the stocks were between these respective stages, the debentures bore the average price, the revenue would probably neither gain nor lose. The gain or loss, if any, would be trifling, and would be just as likely to be on the one side as the other. One...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
