Table, C. 2. Estimated Amount of the Sinking Fund at the 1st August in each Year, according to the Existing System, and according to the Proposed Plan; upon the foregoing Suppositions. Existing System. 14,377,374 1816 14,741,007 1817 15,306,837 14,434,295 1818 15,889,642 14,553,310 1819 16,489,931 14,615,509 1820 17,108,228 14,679,574 1821 17,745,074 14,745,561 1822 18,401,026 14,813,527 1823 19,076,656 14,883,532 1824 19,772,555 14,955,637 1825 20,489,531 15,029,906 1826 20,033,755 15,106,403 1827 20,748,067 15,185,195 15,266,350 1829 22,241,622 15,349,940 1830 23,022,170 15,436,038 1831 23,826,135 15,524,719 1832 24,654,219 15,616,060 1833 25,507,145 15,710,141 1834 26.385,659 15,207,045 1835 27,290,528 15,906,856 1836 28,222,543 16,009,661 1837 29,182,519 16,115,550 1838 30,171,294 16,224,616 16,336,954 1840 32,238,723 16,452,662 +1841 12,032,665 16,571,841 16,694,596 1843 12,995,452 16,821,033 1844 1845 13,354,442 17,085,400 1846 13,868,375 17,223,562 1847 1848 12,610,975 17,512,444 17,663,417 17,818,919 17,979,086 1852 13,399,779 18,144,058 18,313,979 1854 14,432,978 18,488,998 In 1841, the Sinking Fund, according to the Existing System, is reduced from 33,319,1841. to 12,032,6651. in consequence of the Redemption of the Debts consolidated by the Act of 1802.-A Reduction of a similar nature, but of smaller amount, takes place on the Redemption of each subsequent Loan, the period of which may be found in Table, C. 3. Table, C. 3. Statement of the Periods of Redemption of the Funded Debt contracted prior to 1813, according to the Existing System, and according to the Proposed Plan; continuing the foregoing Suppositions. N. B. Supposing no further Loans to be contracted after the total redemption of the Debt existing prior to 1813, and the redemption of Debt to proceed thenceforward at 31. per cent, compound interest, the Debt remaining unredeemed, in the year 1866, according to the Existing System, would be wholly redeemed in the year 1912. And the Debt remaining unredeemed in 1854, according to the Proposed Plan, would be wholly redeemed in the year 1875. National Debt Office, 25th Feb. 1813. S. HIGHAM. WAR. PEACE. WAR. Table, D. 1. Estimated Annual and Total Amount of New Taxes to be imposed according to the Existing System, and according to the Proposed Plan; on the Supposition of the continuance of War until the year 1820, and from thence to be succeeded by alternate Periods of Ten Years of Peace and War.-Annual Loans of 25,000,000l. at 51. per centum during War: Interest at 4/. per centum during Peace. In 1821, the War Taxes pledged for the Loan 1807 will, according to the Existing System at 51. per cent, be set at liberty by the Redemption of that Loan, and again become applicable to the Service of the Year. The future Annual Loans are therefore reduced to 24,000,000l. and the Charge thereby occasioned to 1,600,000l.; and from the year 1831, it is supposed that the Loans will be charged upon the Funds appropriated to the Consolidated Sinking Fund of *1802, which will fall in in 1832, and the several Loans which will fall in after that year; and therefore no further Taxes will be necessary. Table, D. 2. Estimated Amount of the Sinking Fund at the 1st of August in each Year, according to the Existing System, and according to the Proposed Plan, upon the foregoing Suppositions. ✦ In 1832, the Sinking Fund, according to the Existing System, is reduced from 35,273,261l. to 13,986,7421. in consequence of the redemption of the Debts, consolidated by the Act of 1802. A Reduction of a similar nature, but of smaller Amount, takes place on the Redemption of each subsequent Loan, the Period of which may be found in Table, C. 3. Table, D. 3. Statement of the Periods of Redemption of the FUNDED DEBT contracted prior to 1818, according to the Existing System, and according to the Proposed Plan; continuing the foregoing Suppositions. N. B. Supposing no further Loans to be contracted after the total redemption of the Debt existing prior to 1813, and the redemption of Debt to proceed thenceforward at £.3. per cent, compound interest, the Debt remaining unredeemed, in the year 1847, according to the Existing System, would be wholly redeemed in the year 1883. And the Debt remaining unredeemed in 1845, according to the Proposed Plan, would be wholly redeemed in the year 1869. National Debt Office, 25th Feb. 181S. S. HIGHAM. |