Statistics^ 
The consolidated fund, or permanent taxes,, 
producing 
The War Taxes 
The Loan 
The New Taxes 
3'9,750,00C 
2O53OO3OOO 
20 , 000,000 
1,900,000 
The balance is made up by 3 millions of Annual Duties, by 
subscription to Exchequer Bills 7 millions, by a Vote of Credit 
3 millions, and by smaller items, producing, by the figures on the 
minister’s paper, not more than 40,000/. excess, supposing the tax* 
es to produce as calculated. The government have, however, for 
some time past adopted a means of supplying pressing necessities, 
by issuing Exchequer Bills, and the present amount of those ih 
circulation is unknown. 
The Loan, Bonus, Premium, Scrifi, Omnium, Discount, 
When a sum of money is w^anted for the service of the cur- 
rent year, it is usually borrowed and funded, that is made a part 
of one of the regular funds ; to which, the taxes laid for the in-* 
terest are also appropriated. The minister gives notice that he 
shall want so much money, and the monied men, send in, written 
proposals of the rate at which they will advance the loan, or a part 
of it. The lowest rate is of course usually preferred. 
The minister however does not burthen any one fund with the 
whole sum required to be borrowed, for this would occasion a diffi- 
culty of sale and transfer, by overloading the market with one 
stock ; but divides it among several stocks. Thus, suppose the 
subscribers are to have 5 per cent, interest for their money : then 
if they have 100/. in the 3 per cent, consols, this will give them but 
3 per cent, out of the 5, and is therefore only 60/. The minister and 
they then agree, that they shall also have a certain sum in some 
of the other stocks, redeemable annuities for instance, which are 
valued at the current market price. It is evident that this method 
greatly encreases the nominal amount of the debt. Then the mi» 
nister sells them a lottery ticket at its original price, and some- 
times advantages w^ere also given in the period of payment of the 
instalment, wdtich gives an advantage of interest, and discount, 
Whatever all these items make beyond the 100/. subscribed to be 
paid, is Bonus. The advance which the subscribers can actually 
sell their bargain for in the market is Premium. When they are 
allowed to pay by instalments, instead of the whole sum at once- 
^nd no deduction is madoj then they 'gain 
