DEBT, NATIONAL. 
the year, without submitting to the most 
exorbitant terms ; in consequence of which 
it was deemed preferable that it shoidd be 
chiefly raised and funded in Great Britain, 
as part of the sum borrowed by the govern- 
ment of that country. The joint loans for 
Great Britain and Ireland were, therefore, 
raised as one sum, the interest of the whole 
being charged on the consolidated fund of 
Great Britain ; and in this manner all the 
principal loans for the service of Ireland 
have been since raised, the government of 
that country remitting annually the interest, 
charges of management, and appropriation 
of one per cent, on the capital, in order to 
reimburse the payments made from the con- 
solidated fund on this account. 
The total amount of the funded debt of 
Ireland on the 5th of January, 1807, was 
64,721,3561. 15s. the principal part of 
which, having been actually borrowed by 
the government of Great Britain, is includ- 
ed in the following statement, as with res- 
pect to the public creditors, the whole of 
the sums thus borrowed are the proper 
debt of Great Britain. 
Statement of the National Debt of Great Britain at Midsummer, 1807. 
Capital. Interest and Management. 
£. 
5. 
d. 
£. 
s. 
d. 
Consolidated 5 per cent, annuities 
. 46,674,742 
1 
8 .. 
14 
9 
5 per cent, annuities, 1797 and 1802... 
. 2,406,132 
13 
3 .. 
.... 121,389 
7 
10 
Consolidated 4 per cent, annuities 
49,725,084 
17 
2 .. 
13 
7 
Reduced 3 per cent, aimuities 
164,705,570 
6 
5 .. 
CO 
40 
12 
s 
Consolidated 3 per cent, annuities.;.... 
.406,116,201 
18 
5i., 
12,366,238 
6 
11 
Deferred 3 per cent, annuities 
, 1,740,625 
0 
0 
3 per cent annuities, 1726 
. 1,000,000 
0 
0 .. 
30,4.50 
0 
0 
Bank of England 
. 11,686,800 
0 
0 .. 
5 
5 
South Sea stock 
. 3,662,784 
8 
1 
Old South Sea annuities 
. 11,907,470 
2 
-... 735,974 
13 
11 
New South Sea annuities 
. 8,494,830 
2 
10 3 
1 
South Sea annuities, 1751 
. 1,919,600 
0 
0 .. 
58,667 
15 
6 
Value of the long annuities 
, 21,245,367 
16 
0 .. 
9 
Ditto of flie short annuities 
211,519 
12 
10 .. 
423,039 
5 
9 
Ditto of the life annuities 
279,074 
7 
6 .. 
55,814 
17 
6 
Annuities with survivorship, 1765 
18,000 
0 
0 .. 
540 
0 
0 
Tontine annuities, 1789 
239,428 
4 
3 .. 
7 
Oi 
Funded debt .£732,033,231 
11 
=£24,701,484 
7 
Navy, Victualling, anu Transport debt 
6,000,000 
0 
0 ^ 
Exchequer bills 
. 12,000,000 
0 
0 ( 
>-... 630,000 
0 
9 
Ditto for the bank charter 
. 3,000,000 
0 
0 ( 
Ordnance debt, Treasury bills, &c 
. 3,000,000 
0 
0 . 
Total funded and unfunded debt.de756,033,231 11 5i i£’25,331,484 7 6t 
Redeemed by the commissioners 117,581,858 0 0 3,316,252 14 9 
Total unredeemed debt, 
been entirely distinct. Ireland has con- 
stantly had a public debt from about the 
year 1760, but its amount was for many 
years vei’y small in comparison with’ the 
magnitude to which it has since increased, 
as will appear from the following state- 
ment: 
Years. Debt. 
1761 £ 223,438 
1771 773,320 
1781 1,551,704 
1791 2,464,.590 
1801 31,950,656 
The loans which became necessary in 
consequence of the war, were in the first 
year raised wholly in Ireland on 5 per cent, 
stock. In 1794, an inducement was offered 
to persons resident in England, to subscribe 
to the loans of Ireland, by making the 
dividends on part of the stock receivable at 
the Bank of England ; and the same plan 
was followed in 1795 and 1796: but in 
1797 the alarm of invasion, and the disturb- 
ed state of tlie country, rendered it imprac- 
ticable for the government of Ireland to 
raise the loan necessary for the service of 
.£638,451,373 11 .£22,015,231 12 9j 
