Substance of a Speech Addressed to the House of Commons On the 28th April 1814 15
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Government wanted, and raised in the City, twenty-two millions of MONEY ; in exchange for which, they created and gave, to the Loan Contractors, about thirty-nine MILLIONS of Capital Stock in the three per cents : now, in the very same year in which Government -wsiut tzventy-two millions of money, in exchange for three per cents, the Commissioners for the Re- duction of the National Debt (in other words, the Government itself) become possessed of tzvel'vc millions of money, (more thatt one-half... of the whole sum required,) which they want to lay out in the purchase of, or to exchange for, three per cents. It appeared to him, then, that the plain, simple, and best mode of effecting this operation 19 would be, that Government should take, from their oxvn Commissioners, these twelve millions of money, giving them, in exchange, about twenty-one mllions of three per cents, and look to the City only for the remaining teji millions of money, for which they might give, in exchange, about eighteen millions of three per cents.
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To quickly assess the difficulty of the text, read a short excerpt:
Government wanted, and raised in the City, twenty-two millions of MONEY ; in exchange for which, they created and gave, to the Loan Contractors, about thirty-nine MILLIONS of Capital Stock in the three per cents : now, in the very same year in which Government -wsiut tzventy-two millions of money, in exchange for three per cents, the Commissioners for the Re- duction of the National Debt (in other words, the Government itself) become possessed of tzvel'vc millions of money, (more thatt one-half... of the whole sum required,) which they want to lay out in the purchase of, or to exchange for, three per cents. It appeared to him, then, that the plain, simple, and best mode of effecting this operation 19 would be, that Government should take, from their oxvn Commissioners, these twelve millions of money, giving them, in exchange, about twenty-one mllions of three per cents, and look to the City only for the remaining teji millions of money, for which they might give, in exchange, about eighteen millions of three per cents.
What to read after Substance of a Speech Addressed to the House of Commons On the 28th April 1814 15?
You can find similar books in the "Read Also" column, or choose other free books by Pascoe Grenfell to read onlineMoreLess
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