Finance And War
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In our eReader you can find the full English version of the book. Read Finance And War Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Finance And War
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The amount of credit notes issued by the State banks rose some £50, 000, 000, in consequence of which the value of paper receded, and the gold exchange, which before the war had been 15 per cent. , rose from 50 to 60 per cent.
The total cost of the war was £102, 000, 000, or 8s. Per head per day.
Of the sum of £211, 560, 000 due for the war. South two-thirds, or, roughly, £150, 000, 000, was raised in Treasury bills, exchange bonds, and loans, while one-third, or £75, 000, 000, was raised by ta...xation.
Of this sum of £75, 000, 000, more than half— viz. , £40, 680, 000 — was obtained by raising the income-tax, the remainder being obtained by in- direct taxation — i. E. , 1. Raising the tea, beer, brandy, and tobacco duties.
2. Introduction of import tax on sugar of 4s. 2d. Per cwt.
3. Introduction of corn and meal tax of 3d. Per cwt. Of corn and 5d. Per cwt. Meal.
44 FINANCE AND WAR 4. Introduction of an export tax on coal of Is. Per ton.
In issuing the Treasury bills, loans, and bonds, great care was taken to influence the market as little as possible, and to create an atmosphere of speculation.
What to read after Finance And War?
You can find similar books in the "Read Also" column, or choose other free books by Raymond Sheffield Hamilton Grace to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The amount of credit notes issued by the State banks rose some £50, 000, 000, in consequence of which the value of paper receded, and the gold exchange, which before the war had been 15 per cent. , rose from 50 to 60 per cent.
The total cost of the war was £102, 000, 000, or 8s. Per head per day.
Of the sum of £211, 560, 000 due for the war. South two-thirds, or, roughly, £150, 000, 000, was raised in Treasury bills, exchange bonds, and loans, while one-third, or £75, 000, 000, was raised by ta...xation.
Of this sum of £75, 000, 000, more than half— viz. , £40, 680, 000 — was obtained by raising the income-tax, the remainder being obtained by in- direct taxation — i. E. , 1. Raising the tea, beer, brandy, and tobacco duties.
2. Introduction of import tax on sugar of 4s. 2d. Per cwt.
3. Introduction of corn and meal tax of 3d. Per cwt. Of corn and 5d. Per cwt. Meal.
44 FINANCE AND WAR 4. Introduction of an export tax on coal of Is. Per ton.
In issuing the Treasury bills, loans, and bonds, great care was taken to influence the market as little as possible, and to create an atmosphere of speculation.
What to read after Finance And War?
You can find similar books in the "Read Also" column, or choose other free books by Raymond Sheffield Hamilton Grace to read onlineMoreLess
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