1823.] 
stock, standing in the names-of the 
commissioners for the reduction of 
the national debt, on account of 
Savings Banks, on the Sth of January 
last, was 7,323,179/.; and the following 
is a statement of the amount of the 
Elucidation of the Funded System. 
35 
to 25,772,2961. divided amongst the 
283,958 persons, as stated above; as 
they stood on the 5th of January last. 
Vide page 158, of the annuai volume 
of Finance Accounts, being Paper 
No. 220, ordered to be printed on the 
seyeral denominations of stock, and 
of the dividends thereon, amounting 
25th of March of this present session, 
1823 :— 
é Unredeemed.  _ 
3 per cent. Consolidated Annuities +--+ 
3 per cent. Reduced 
Capitals. Dividends. 
se ecesescesess se £363,775,886| £10,975,276 
Do. Ceres eer sess ssesene +00 00133,411,112 4,002,333 
Si per cent. DO, oe ccceneccccccevceseseeess 16,098,741 563,455 
4 per cent. Consolidated Do, e-sscesessssscccceuscesses 74,843,861 2,995,754 
Long Annuities (terminable in 1860) «++++seseesseseseuses -- 1,359,436 
New 4 per cent, GO.: -cecccevesccececersseccneeseeersses 147,001,068 5,880,042 
Totals. +++ seeeeeee++737,130,668| 25,772,296 
And the following is a Statement of the other denominations of ~ 
Stock unredeemed, as they stood on the 5th of January last, 
which make up the- aggregate of what is termed “ the 
National Debi,” viz.— 
South Sea Annuities, 3 per cent, «+-++eeeeeereeeersrrveee 12,192,58: 364,777 
Bank Do. DO.-scecerecncesccersecseceeseess 15,685,158 470,455 
Trish various ++ .-sccesesseccenessssneesessesassrsess see 25,789,293 978,581 
Imperial 3 per cent.ce++seceeerssreceserecceeveeveesrses 4,723,832 141,715 
5 per cent. 1797 and 1802 seve eeeerenes steteveeesreeees 1,008,608 50,430 
Life Annuities payable at the Exchequer +e+++++eeseeeeer-s -- 28,944 
Irish Life Annuities payable in England --.------- peeecens _ 35,461 
Do. " do, in Treland «-+eccescernsvesceses Es 7,127 
Life Annuities created per 48 Geo. I1I. about -++---eese. = *500,000 
Charged by the Bank of England for management+++-+.-+.- —_ 284,877 
Total Funded seeeeeereesceeees s+ +796,530,145| 28,634,615 
Exchequer Bills outstanding on the 5th of January, 1813, 
bearing an interest of two-pence per 1001, per day +++«-+ 42,209,505] Int.1,283,867 
Total Funded and Unfunded -+++++.-838,829,650| 29,918,480 
To the above may be added the Half-pay, Pensions, &c. as stated in 
detail at pages 442 and 3 of your Magazine for June last, amounting to 
5,315,7921, per annum, which itis intended to convert into a fixed an- 
nuity, to expire i 1867, Of -+++++++eeeeeeeereceee cere eens Bids Wista ere 
And there may also be added, as an additional Charge, and as an addi- 
tional burthen of Taxation, resulting from the speculative, unmeaning,| 
false, and, as it will ultimately prove, ruinous (if not speedily arrested), 
system of money-jobbing, so wantonly resorted to and persevered in 
by tliat authoritative and superficial minister, the late William Pitt, and 
so pertinaciously adhered to by his worthy followers ; the sum, under 
the specious and delusive pretext for reducing the national debt, which 
has been granted annually by an Act of the present session of Parlia- 
MEME, Of ceceseerreresseeeeeersesceseognsecs 
2,800,000 
5,000,000 
Making a Total Amount of Taxation, on account of what is 
termed “the National Debt,” of no Jessa sum than ++++++++|£37,718,480 
FEixclusive of the charge arising from per annum more; making an aggre- 
the collection of so large anamount gate amount of no less a sum than 
of taxes, equal to about 2,800,000/. 40,500,000/. per annum, drawn by 
taxation 
* The life annuities created per 48 George ILL. are assumed at 500,000/. ; on the 
5th of January, 1822, they amounted to 410,000/, and a certain portion of perpetual 
annuity is progressively being converted into life annuities, under the said Act; but, 
since the session of Parliament, 1822, the annual accounts have been made out ina 
new form, pursuant to the suggestions of an especial committee of that session, and 
one of the effects of their efficiency is, that the above stated annuities are excluded in 
toto from the face of the accounts; and, on the whole, the alteration of form im which 
the accounts now appear is for the worse, 
