Author: J J Grellier

Publisher: Theclassics.Us

Published: 2013-09

Total Pages: 100

ISBN-13: 9781230425870

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. 1810 edition. Excerpt: ...for expense of receiving the subscriptions and drawing the tickets. The contributions to the, 2,500,000 were to be made in seven payments, the last on the 20th December; and, as it was not then thought proper actually to pay interest pn a loan before the whole money was advanced, the first payment of interest was to be for three quarters of a year, to 25th December.: .-I 1 .J lot In addition to the above sums, 1,000,000 was granted out of the Sinking Fund, with power to borrow the same at 4 per cent, upon credit of the growing produce; which was a very necessary clause, as there was little probability of the fund producing so much m this year. His Majesty was likewise empowered to raise the farther sum of 500,000 by loans or exchequer-bills at 4 per cent, to be paid out of the next supplies, or if no supplies should be voted before Midsummer, 1747, to be then paid out of the Sinking Fund. 1746.--The next session began 18th November; On I Oth February, 176, the Duke of Newcastle and Lord Harrington resigned; and also, on the following day, Mr. Pelham, Lord Hardwicke, Lord Pembroke, Mr. Legge, Mr. George Grenville, and several others. They were, however, all re-instated on the 14th February, and succeeded in their principal object, the introduction of Mr. Pitt, who was made a Vice-Treasurer of Ireland. In May following, Mr. Pitt was appointed Paymaster of the Forces, in which situation, lie gave a proof of his integrity by placing whatever money belonged to the office in the Bank, where it might be always ready the land-tax was continued at 4. in the pound, with the. usual malt-duty, and the interest upon the anticipation thereof to be at 4 per cent, 112,508 19: 2 surplus of the duty on spirituous liquors...