Corrections and Additions
A Summary View and Comparison of the Different Schemes of Public Loans Described in the Supplement
N.B. The Sum borrowed is always supposed Five Millions; and the Price of the 3 per cents. 78l. But all the Schemes may be accommodated to any other Price of the 3 per cents. and to Schemes for borrowing any greater or smaller Sums.
| OLD SCHEMES. | Scheme of the loan in 1777. Page 185. III. | Scheme of 1777, altered to avoid douceurs and an artificial capital. | Scheme of 1777; supposing 100l. four per ct. stock worth 91l. when the 3 per cts. are at 78l. Page 200. VI. | Scheme founded on the regulations proposed Page 205, &c. VII. | Schemes of loans by changing the 3 per cent. stocks to stocks bearing higher interest. | ||||
|---|---|---|---|---|---|---|---|---|---|
| I. Scheme described Page 182. | II. Scheme described Page 183. | See Page 186. IV. | See Page 188. V. | See Page 209. VIII. | See Page 214. IX. | ||||
| Sum advanced | £. | £. | £. | £. | £. | £. | £. | £. | £. |
| 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | |
| New Capital, or sum payable at redemption | 5.000,000 | 6.343,954 | 5.000,000, | 4.750,000 | 3.750,000 | 5.000,000 | 4.850,000 | 2.500,000 | —0— |
| Interest offered | 3 per cent. | 3 per cent. | 4 per cent. | 4¼ per cent. | 4¼ per cent. | 4 per cent. | 4 per cent. | 4¼ per cent. | 4 per cent. |
| Artificial Capital, or sum payable at redemption more than the value received | 1.200,000 | 1.343,954 | 250,000 | —0— | —0— | 155450,000 | —0— | —0— | —0— |
| Douceurs consisting of additional capitals | —0— | 1.343,954 | —0— | —0— | —0— | —0— | —0— | —0— | —0— |
| Short Annuity worth | 1.200,000 | —0— | 200,000 | —0— | —0— | 450,000 | —0— | —0— | —0— |
| Lottery worth | —0— | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | —0— | —0— | —0— |
| Annual Charge. | |||||||||
| Perpetual | 150,000 | 100,318 | 200,000 | 201,875 | 159,375 | 200,000 | 194,000 | 212,500 | 200,000 |
| Temporary | 100,000 | —0— | 25,000 | 25,000 | 75,000 | 56,250 | —0— | —0— | —0— |
| For lives or 17 yrs. | for 10 years. | for 10 years. | for 27 years. | for 10 years. | |||||
| Total of Annual Charge | 250,000 | 190,318 | 225,000 | 226,875 | 234,375 | 256,250 | 194,000 | 212,500 | 200,000 |
[To be placed last of all, facing Page 216.]
Notes
155 This Scheme may be altered to avoid the artificial Capital and 450,000l. Douceur (preserving nearly the same annual Charge) in the Manner directed in the 4th or 5th Scheme.