Statisticso 
265 
cents, reduced ; 1,500,000/. in the consols.; 1,500,000/. in the 4 per 
cents. For each 100/. subscribed, the subscribers were to have half 
iQQl. in the 3 percents, reduced, 20/. in the consols. 20/. in the 4. per 
cents and 6s. & 1 1^/. in the long annuities. By caiculation made on the 
price of stocks on the Saturday before, it appeared that the 100/. in 
the 3 per cents, reduced, v/hich was on that day 64-|^tli, was equal to 
64/.-2S. 6<r/. That the twenty pound in the consols., which were 
at 65|th was equal to 13/. Os, 6d., and the 20/. 4 per cent, which 
v/as at 80-i-th equal to i6/. Os. 6d. These sums amounted to 93/. Ss, 
6d.; and if to this were added the value of the 6s. lid. long annui- 
ties, namely, 5/. 17 s. lOd. the whole w^ould be found to amount to 
99/. l5. 4d. There was a discount, however, of 3 per cent, on the 
payment of nine months, amounting to 21. 6s. 6d. and there w^ould, 
therefore, be a bonus of 1/. Is. lOt/. on every hundred pounds sub- 
scribed. He apprehended that a more favourable loan to the pub- 
lic than the present could hardly have been expected ; and he 
had the satisfaction to state to the house that he understood that it 
was already at a premium of I/. IO 5 . per cent. It had been con- 
tracted also with the expectation that the funds veere in such a state 
as to afford every reasonable hope of an improvement, rather than 
of a diminution of the advantages to the subscribers. 
The amount of the interest on this last loan would be 355,937/. 
iOs.; of the sinking fund 106,1 12/.; of the charges of management, 
3,344/. making a total of 465,403/. lOc., which, added to the totad 
of the other loan, made the grand total of charge on the two loans, 
1,215,819/. The rate per centum, including all charges paid by 
the public, Was, on the 7 , 5005000 /. loan, 61. 4s. 1-^r/q on the 12,090,- 
000/. funded, 6/. 5s. C-^d. The rate of interest to the subscribers 
on the 3 per cent, loan, was 41. 14s, l id. per cent.; <m the 5 per 
cent, loan, 5/. 3s. 84d. per cent. The difference on the charges 
being not quite one shilling per cent, and which differciice vras at- 
tributable to the sinking fund. The rate per cent, on the wliole 
debt created, paidby the public, was 6/. 4s. 8^-d. It was a great sa- 
tisfaction to him to state that so large a portion of llic loan of the 
year had been funded in the 5 per cents. For on a comparison of 
the 3 per cents, at present with tlie 3 per cents, of last year ; and 
of the 5 percents, at present with the 5 per cents, of last year, the 
committee would be surprised to observe, how little disadvantage- 
ous the bargain, in the 5 percents, had been, as compared with that 
in the three ; the 5 per cents, having been much more stationary 
and not proportionably depressed. When last year 8j500,000/, 
