English Public Finance From the Revolution of 1688 With Chapters On the Bank of
English Public Finance From the Revolution of 1688 With Chapters On the Bank of
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Sinking Funds. — Old Sinking Fund (38 and 39 Vict. ) consisting of the surplus, if any, of income over expenditure for any year which the Treasury in the course of the next financial year shall cause to be issued out of the Consolidated Fund, or the growing produce thereof, at such times during that year as they may from time to time direct. Ihe Old Sinking Fund is to be issued to the National Debt Commissioners and applied by them in the same manner as the New Sinking Fund, except that it may ...be employed in paying off advances made by the Bank of England or the Bank of Ireland in pursuance of Section 12 of the Exchequer and Audit Act, 1866, but not in paying off any loan borrowed under any Act to meet ways and means.
New Sinking Fund (38 and 39 Vict. ) consisting of such portion of the permanent annual charge for the National Debt as in any financial year not required for the purpose of paying the annual charges. This is to be issued from time to time to the National Debt Commis- sioners and be applied by them, within six months after the date of issue thereof, in purchasing, redeeming, or paying or!
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To quickly assess the difficulty of the text, read a short excerpt:
Sinking Funds. — Old Sinking Fund (38 and 39 Vict. ) consisting of the surplus, if any, of income over expenditure for any year which the Treasury in the course of the next financial year shall cause to be issued out of the Consolidated Fund, or the growing produce thereof, at such times during that year as they may from time to time direct. Ihe Old Sinking Fund is to be issued to the National Debt Commissioners and applied by them in the same manner as the New Sinking Fund, except that it may ...be employed in paying off advances made by the Bank of England or the Bank of Ireland in pursuance of Section 12 of the Exchequer and Audit Act, 1866, but not in paying off any loan borrowed under any Act to meet ways and means.
New Sinking Fund (38 and 39 Vict. ) consisting of such portion of the permanent annual charge for the National Debt as in any financial year not required for the purpose of paying the annual charges. This is to be issued from time to time to the National Debt Commis- sioners and be applied by them, within six months after the date of issue thereof, in purchasing, redeeming, or paying or!
What to read after English Public Finance From the Revolution of 1688 With Chapters On the Bank of?
You can find similar books in the "Read Also" column, or choose other free books by Harvey Edward Fisk to read onlineMoreLess
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