Substance of the Speech of W. Huskisson, Esq. : in the House of Commons, in a Committe of the Whole House, Upon the Resolutions Proposed By the Chancellor of the Exchequer Respecting the State of the Finances And the Sinking Fund of Great Britain, On Thur
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In our eReader you can find the full English version of the book. Read Substance of the Speech of W. Huskisson, Esq. : in the House of Commons, in a Committe of the Whole House, Upon the Resolutions Proposed By the Chancellor of the Exchequer Respecting the State of the Finances And the Sinking Fund of Great Britain, On Thur 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 Substance of the Speech of W. Huskisson, Esq. : in the House of Commons, in a Committe of the Whole House, Upon the Resolutions Proposed By the Chancellor of the Exchequer Respecting the State of the Finances And the Sinking Fund of Great Britain, On Thur
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For I cannot help saying, and he will excuse me for taking this liberty with them, that they appear to me calculated to confuse and perplex, without at all meliorating his system. v These other advantages of the plan amount to four : first, that it provides for a gradual and equable reduction of the national debt : se- condly, that it provides against the evils likely to arise from too rapid a diminution of the rate of interest : thirdly, that it provides an im- tnediate subsidy of 120 millions..., for carrying on the present war : and fourthly, that it pro- vides for the accumulation of a treasure of 100 millions, in time of peace, as a reserve for any future war.
With respect to the first of these advantages, I know not in what terms to express my asto- nishment. " A gradual and equable reduction " of the national debt !" as if that reduction was at this moment too rapids — as if there was any thing arbitrary and capricious in the present mode of applying the Sinking Fund ! Again, as if we had already done too much in the way f2 56 of reduction of a debt, which, when the new Sinking Fund began, was little more than 200 millions, and which now exceeds 600 millions unredeemed, — as if it were necessary, in order to make that reduction more equable, to diminish the amount of the Sinking Fund of the year, in proportion as the amount of the loan is increased, — as if it were particularly wise and pressing to begin to check the growth of the Sinking Fund in the present year, when the loan to be raised, joined to what remains unredeemed of that of last year, will make a greater addition to the debt, than all that was added to it in the six pre* peding years of the war I That my Right Hon.
What to read after Substance of the Speech of W. Huskisson, Esq. : in the House of Commons, in a Committe of the Whole House, Upon the Resolutions Proposed By the Chancellor of the Exchequer Respecting the State of the Finances And the Sinking Fund of Great Britain, On Thur?
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To quickly assess the difficulty of the text, read a short excerpt:
For I cannot help saying, and he will excuse me for taking this liberty with them, that they appear to me calculated to confuse and perplex, without at all meliorating his system. v These other advantages of the plan amount to four : first, that it provides for a gradual and equable reduction of the national debt : se- condly, that it provides against the evils likely to arise from too rapid a diminution of the rate of interest : thirdly, that it provides an im- tnediate subsidy of 120 millions..., for carrying on the present war : and fourthly, that it pro- vides for the accumulation of a treasure of 100 millions, in time of peace, as a reserve for any future war.
With respect to the first of these advantages, I know not in what terms to express my asto- nishment. " A gradual and equable reduction " of the national debt !" as if that reduction was at this moment too rapids — as if there was any thing arbitrary and capricious in the present mode of applying the Sinking Fund ! Again, as if we had already done too much in the way f2 56 of reduction of a debt, which, when the new Sinking Fund began, was little more than 200 millions, and which now exceeds 600 millions unredeemed, — as if it were necessary, in order to make that reduction more equable, to diminish the amount of the Sinking Fund of the year, in proportion as the amount of the loan is increased, — as if it were particularly wise and pressing to begin to check the growth of the Sinking Fund in the present year, when the loan to be raised, joined to what remains unredeemed of that of last year, will make a greater addition to the debt, than all that was added to it in the six pre* peding years of the war I That my Right Hon.
What to read after Substance of the Speech of W. Huskisson, Esq. : in the House of Commons, in a Committe of the Whole House, Upon the Resolutions Proposed By the Chancellor of the Exchequer Respecting the State of the Finances And the Sinking Fund of Great Britain, On Thur?
You can find similar books in the "Read Also" column, or choose other free books by W William Huskisson to read onlineMoreLess
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