MO 
THE 
MAGAZINE. 
Ly 
NTHLY 
AUGUST 1, 1601. [N 
No, 25 of Vous1oc: 
Oa the 20th Day of Fuly was publifbed, the SUPPLEMENTARY NumBeEr to the Eleventh 
Volume of the Montuty Macazine, containing —A comprehenfive Retrofpe& of the Prozrefs 
of Baitisn LITERATURE during the laft fix Months—and fimilar Retro[peéis of GERMAN, 
Frencu, and Spanisu LITERATURES with INDEXES, TITLE, &c. 
ORIGINAL COMMUNICATIONS. 
For the Monthly Magazine. 
ON THE AMOUNT OF THE NATIONAL 
DEBT. 
HE Amount of the National Debt 
has lately been laid before the pub- 
lic in three feparate ftatements, all of 
them in fact agreeing nearly with each 
other, but fo differently arranged and 
modified as to lead an inattentive reader 
to very oppofite conclufions refpecting the 
real {tate of the public finances. In order, 
therefore, to have a juft idea on this inte- 
relting fubject, it will be neceflary to re- 
duce thofe ftatements to the {ame form, by 
which means an opportunity will be af- 
forded, not only of afcertaining their ac. 
curacy, but of examining the principles 
on which they are founded. ‘ 
The firft ftatement has been given by 
Mr. Morgan, in his ‘+ Comparative - 
View of the Public Finances,”’ &c. and is 
as follows :— 
Stock in the perpetual annuities, deducting the Irifh loans . Jf. 525,454,680 
Borrowed on a tontine in 1789 . «. « « See 
977,141]. per ann. long znnuities, worth, at 5 percent. . . 
556,3721. per ann. life and fhort annuities, worth, at § per cent. 
Imperial loan, confifting of ftock in the 3 percentss . >.>. 
230,000l. annuity for 20. years, worth .. . 
Dedu& the flock redeemed by the Commiffioners . = OSeee meg CaaW Westen 
o Choe e 1,002,099 
18,444,260 
3,148,696 
548 0495735 
73502,633 d 
2,866,260 
10, 368,893 
553,473,628 
52,231,656 
506 136,972 
a ‘3 a a ‘° e 
Debt remaining 
‘ The fecond ftatement was fubmitted to the Houfe of Commons by Mr. Tierney, 
in the form of a Refolution, to the following effect :— 
ResoLyED, That the total amount of the public funded debt, including edits 
Trifh and Imperial loans, and deduting the ftock purchafed by 
the Commiffioners, and 16,083,802]. transferred to. them on 
account of land-tax redeemed, wasin February, 180% , 
That the life and fhort annuities were about 540,000l. per 
ann. worth * aM Vara Leas had 
That the long annuities were 1,007,000]. per ann. 
BES DECCPM Ee. et ee By ig 
Debt remaining, exclufive of the ftock redeemed for the 
a ae EP Oe 
xe 
> 434,365,464 
° Oui 2 Ne ry . e 33375;000 
worth, 
e a e e Diad s ‘ghos » LS, = 21,978, 132 
509,718,506 
Dedu& the Irith loans le eee 
° ° e 2 e 2 = e 2 s 
490,009,846 
On this and the other propofitions of Mr. Tierney the previous queftion was put 
and carried. Te following Refolution, which forms the third ftatement of the 
public debt, was then propofed by the Chancellor of the Exchequer and agreed to. 
ResoLveD, That the total amount of the public debt, after dedu@ing the 
ftock purchafed by the Commiffioners, and. 16,083,021. trans 
ferred to them on: account of the land-tax redeemed, was, in 
February, 1801... 
That the life and fhort annuities were 54553391. per ann, 
RVOREH te fe lo kl He 
That the long annuities were 1,007,613}. 
BENEIDCR CCNC. fii a Wa ie 4 
400,709,832 
Pee Sr Bae 4 93,408)3 0% 
per ann. worth, 
« s . ¢ . ° a . ° 21,989,793 
Whole debt 426,207,865 
a ee ean oe pee TERRES EERE MaENI eee mere 
* I have taken thefe annuities at 61 years purchafe, No valucis afligned to any of the 
temporary annuities in thefe re{glutions, 
Mon tery Mac, No, 76. © 
B ren It 
