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. 1920 Excerpt: ...twenty million, 60 per cent. of which represented the cost of maintaining the army and navy, against a normal peace expenditure of about one-fifth of this amount. The interest and management of the debt absorbed another 30 per cent. so that overgo per cent. of the expenditure of the period may be said to have been due ...
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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. 1920 Excerpt: ...twenty million, 60 per cent. of which represented the cost of maintaining the army and navy, against a normal peace expenditure of about one-fifth of this amount. The interest and management of the debt absorbed another 30 per cent. so that overgo per cent. of the expenditure of the period may be said to have been due to war--past and current. Of this great sum, which was twice the average expenditure during the period of the "extravagant" American War, 55.60 per cent. was raised by taxation and the remainder by borrowing. The Loyalty Loan of Ijg6 During this period there were eighteen different loan negotiations. We have seen that the first loan was placed at a little over 4 per cent. In 1794, 1795, and the early part of 1796 it was necessary to pay over 4 per cent. In December, 1796, the money cost over per cent., while in 1797 and 1798 it cost from 6j4 to 6 per cent. In 1799 and 1801, SH Per cent. was paid, but in 1800 over 20,000,000 was secured at about /i per cent. Most of the loans were issued as threes with annuity bonuses and in some cases with a percentage in fours. The rate on Navy and Victualing Bills, issued as fives repayable after relatively short periods, was substantially higher than that paid on the annuities. The average actual rate paid on all loans, long and short, was almost exactly Per cent. The Loyalty Loan issued in December, 1796, was offered for public subscription, books being opened at the Bank. It was a year of great difficulty. The progress of the war had been discouraging. There had been a run on the Bank involving a suspension of specie payments. There had been a serious mutiny in the navy, and symptoms of discontent appeared in the army. Under these circumstances, with the pressure of taxation keenly felt, t...
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Add this copy of English Public Finance From the Revolution of 1688: to cart. $18.00, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of English Public Finance to cart. $19.94, poor condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1920 by Bankers Trust Company.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In poor condition, suitable as a reading copy. No dust jacket. Spine missing. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 400grams, ISBN:
Add this copy of English Public Finance From the Revolution of 1688: to cart. $28.30, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of English Public Finance From the Revolution of 1688: to cart. $28.99, new condition, Sold by Ria Christie Books rated 4.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Legare Street Press.
Add this copy of English Public Finance From the Revolution of 1688: to cart. $40.90, new condition, Sold by Ria Christie Books rated 4.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Legare Street Press.
