1823.] New Music and the Drama. 443 



Brought forward" • • je5,065,317 would have to receive S6,4O0,000J., and to 



Civil Departments. pay only 9,14i,740<., or, iu the aggregate, 



Customs ^110,586 they would have to receive 124,400,000/., 



Excise 66,151 and to pay only 102,964,940/. There was. 



Tax Office 12,333 however, no contracting party to be found 



Post Office 10,753 who would accept of the proposal so ge- 



Audit Office 5,153 nerously, on the part of the government, 



Three Secretaries of State 8,850 attempted to be forced on their specu- 



Treasury 4,235 lating money friends. 



SoHcitor to ditto 1 ,800 Government has, however, during the 



Alien Office 2,224 present session of parliament, succeeded in 



Pells Office 2,125 inducing the directors of the Bank of Eng- 



National Debt Office. •• • 500 land, to accept of an annuity of 585,740/. 



Courts of Session, and for forty-four years, to commence from the 



Justiciary in Scotland 13,089 5th of April last, on condition of receiving. 



All others 12,206 in sixteen irregular instalment*, between 



250,375 the 5th of April, 1823, and the 5th of 



. July, 1828, the sum of 13,060,019/. in the 



Total, exclusive of Civil De- following proportions in each year :— viz. 



partment in Ireland ^5,315,692 Three instalments in 1823 . 4^2,178,589 



The above is an annual payment, de- Four . . in 1824 . 2,416,370 

 pendant on the lives of tlie parties receiv- Three . . in 1825 . 2,293,240 

 ing it, and consequently, in conformity Two . • in 1826 . 2,165,740 

 with the decrement of human life, would Two . . in 1827 . 2,030,740 

 gradually diminish, year by year ; and ac- Two . . in 1828 . 1,975,340 

 cording to a statement presented to Par- During which period the annuities 

 liament last session, would totally expire amount to 3,514,440/., leaving the sum 

 in forty-five years; before the above re- advanced on the 10th of October, 1828, to 

 turn was made out, the aggregate was be 9,545,500/., for which advance the bank 

 estimated at a round sum oi 5,000,000/. is to receive an annuity of 585,740/. for 

 per annum, and the decrement, after the 38| years, being at the rate of 6 1-7 th per 

 expiration of every five years, as fol- cent, and with the 9,545,509/. it is pro- 

 lows: — viz. posed to redeem perpetual annuities at 4 

 After the first five years . 4^4,283,563 to 3|, and even at 3 per cent, if the par- 

 second five or ten years . 3,585,499 ties should choose to demand it. 

 third five or fifteen do. . . 2,913,930 The calculation for the above transaction 

 fourth five or twenty do. . . 2,290,239 was stated by the Chancellor of the Exche- 

 fifth five or twenty-five do. . 1,732,483 quer, as contractor on behalf of the nation, 

 sixth five or thirty do. . . 1,247,540 to be founded on the basis of receiving 

 seventh five or thirty-five do. . 855,687 18/. 17s. 9d, money for every 1/. of annuity 

 eighth five or forty do. . . 544,487 granted, the whole transaction being re- 

 nintli five or in forty-six years 000,000 solved into a present payment : 3 per cent. 

 It will be in the recollection of our stock being thenat 73. In proportion, there- 

 readers, that during the last session of fore, as the annuities are worth more than 

 Parliament it was proposed on the part of 18/. 17s. 9d. and the commissioners for the 

 the government, to grant to a contracting reduction of the National Debt, redeem 3 

 party a fixed annuity of 2,800,000/. for per cent, stock at above 73 : the trans- 

 tbrty-five years ; for such contracting party action is beneficial to the Bank and money 

 to pay the above stated half-pay pensions, jobbers, and prejudicial to the country at 

 Ruperannuations, &c. ; the result of which large. 



transaction would be as follows :— viz. in .Since the Bill passed, confirming the 



the first sixteen years the contracting transaction, the annuities have sold for £0/. 



party would have to pay 63,058,334/., and 17s. 6d. and 3 per cent, stock has been sold 



to receive 44,000,000/., and in the second at above 80, which rates, render the trans- 



sixtetn years they would have lo receive action in question a loss to the public ex- 



the Bame smii, and to pay only 30,761,866/., ceediug 20 per cent, with a prospect of its 



and in the remainder of the period thoy operating still more disadvantageously. 



NEW MUSIC AND THE DRAMA. 



T/ie Loijitl and National Smifrg of Etig' published in commemoration of the lalo 



laud, for One, Two, undTlirce Voices; Coronation, and inscribed to his Ma- 



ec/fcted from Oriijimd Manuscripts jesty. Tiic editor, in cif^lit pages of 



and Iwrly Printed Copies in the preliilory matter, states his reasons for 



Library of William Kitcliinar, M.D. bringing forward the contents of Jiis 



1/. 1*. volumes, (for the work is to consist of 



THIS vocal . selection of " Loyal .and more than one,) passes upon the me- 



Natioiial Songs" is prol'csscdly lod^ of liis country a just degree of en- 

 comium. 



