-¥797-] 
Republic and the United States, are not 
yet adjufted. The Executive Directory 
of the French Republic, onthe roth of 
April, publithed an arret,. directing, that 
the pafiports granted by the minifters and 

PUBLIC FU 
Public Funds. 

319 
diplomatic envoys of the United States of 
America, or paffporte ceriified by them, 
fhall not be admitted, nor acknowledge 
by any authority. 
NDS. 
Stack-Exchange, April 25, 1797. 
YESTERDAY the bargain for the New Loan 
of Eighteen Millions was finally fettled 
upon the fojlowing terms: Fourteen Millions 
and a Half, at 

pais a: 
125 0 O=——=3 per Cent. Conf. 
52. 0 © 3 per Cent. Reduc, 
20 0 oO——4 per Cent. 
o 6 6———Long Ann. 
which, at the price of fticks yefterday, gives 
the lender a bonus of about 73 per cent. includ- 
ing 2. 8. for prompt payment.—The 1emain- 
ing Three Millions and a Half are fcr the fer- 
vice of the Emperor, and were taken at 226]. 
os, for every tool, fublcribed —Stccks have 
already felt the effeéts of this loan by a depref- 
fien of 14 per cent. 
Banx Stock, on the 7th ult. was at 1222, 
and has fince rifen to 124, at which price it 
Jefe yefterday. the-24th. 
§ PER CENT. ANN. on the 28th of aft 
month, were at 722%, fince which they have 
gradually rifen to 79, 
' 4 PER CENT. CoNsS. were, onthe 7th ult. 
at 633, rofe onthe 21ft to 64%, and were yef- 
terday, 24th, at 633. ;: 
3 PER CENT. CONs, were, on 28th March, 
at 502, fell on sth of April to 49, role on 
16th to 53, and are this day, 25th, at 4. 
/ 3 PER CENT. REDUCED, have alfo fallen to 
433. 
- The Omnium on the former loan of Ejgh- 
teen Millions, known by the name of Loy- 
ALTY, is, this 25th of April, at a difcount of 
r1#5 and the Omnium on the PRESENT, is 
at about 33. per cent. premium. 

AT a time when the depreciation of 
funded property is greater than it 
ever as, becn timce the. (prefent 
funds have exifted, it may probably be 
an object of curiofity to fome of our 
readers, to fee the extent of the variation 
‘in-this refpeét, at different periods.— 
The higheft prices at which the funds 
have ever been, are, we believe, 4s fol- 
Jows : 
3 per cents. 
4. per cents. 
18 Dec. 1752—106 3-8ths. 
13 Mar. 1792—105 5-8ths. 
5 per cents. 6 Feb. 1792—-12¢ 
Bank Stock 14 Feb. 1792—219 
S. Sea Stoclt —- 20 May, 1768—1i1 
India Stock — 6 Sept. 1768—276 1-ath; 
The price given of South Sea Stock, 
ig the higheft fince the dividend has been 
atthe prefent rate, the fictitious value to 
ee 

which it was raifed in the year r720, 
admitting of no fair comparifon with 
any fubfequent period? 
The loweft prices of the funds before 
the prefent war, were ~ 
3 percents, —-27 Feb. 1732—— 53 5-8ths. 
4 percents. — 8 Mar. 1782— 68 4x-half 
Bank Stock -—= 1 Feb. 1731-106 3-8ths. 
S. Sea Stock — 22 Feb. 17S2— 62 1-4th. 
India Stock — 14 Jan. 1784—118 1-half 
But great as the difference. in. the 
value of the feveral funds appears to 
have been at the above periods, the 
prefent month has witnefled ftill 
greater ; and though there 14s little rea- 
fon to hope that we have feen its fuil 
extent, the following prices may be flated 
as the loweft at which any bufinefs has 
yet been done : 
3 per cent. conf. 
It 

— i! 87 : 
3 per cent. red, —= 6 ——- 48 3-8:hs. 
4 per cents. — 6 —— 62 5-8the. 
5 per cents. — 5 —— 72 3-Sths. 
Bank Stock — 9 -— 121 3-dths. 
India Stock — 9 147 ¥-4th. 
Hence it appears, that one of the 
effeéts of the prefent war, which we_ 
have been told mut be carried on for the 
prefervation of property, has been diminifh- 
ing the value of funded property im 
the courfe of only ve years, in the fol- 
lowing proportions: 3 per cents. which, 
on the oth of March, 1792, were at 
971-8, have been reduced Aa/f their 
value; 4 per cents. are worth 43 per 
cent. lefs;and 5 per cents. nearly. 48 
‘per cent. lets. ‘ 
With refpeé&t to the price of India 
Stock, which, in a publication faid 
to be “ The fubftance of a {peech made 
by Lord Auckland,’ has been particu- , 
larly noticed among fimilar proofs of our 
national profperity ; it muft be remem- 
bered, that the dividends, both on bank 
ftock and India ftock, have been railed 
confiderably fince the times beforemen- 
tioned, of their loweft prices, previous 
to the war; and that, if the prices on 
the gth inf. are reduced in proportion 
to this difference of dividend cuted 
muft be done before any comparifon can 
be made with their prices in 1781 and 
1784) that of bank, ftork -wilk be 
95 3-4ths; and of India flock 112 1-4th. 
Marriages 
%, 
