320 
poetical assistance, of which I-have no 
account, as to the time of their appear- 
ance, are Alcides, a drama; The Choice 
ef Hercules, an ode; and "Hercules, an 
oratorio. Your's, &c. 
€astle Green, Bristol, 
August 13, 1807. 
JEVARXS. 
For the Monthly Magazine. 
accouNT of the PUBLIC FUNDED DEBT of 
IRELAND, and of the PRovISION for iis 
REDUCTION, 
it hae government of Treland occa- 
sionally icurred debts of smalt 
amount, nat exceeding from one to four 
hundred thousand pounds, at different 
periods, from the year 1700, to the 
year 1749, about which time, it was not 
only entirely out of debt, but had saved 
2 considerabic surplus, amounting to 
about halia million. 
From about the year 1760, Ireland 
fas constantly had a public debt, al- 
though no part of the present debt is of 
older date than 1773. The total of the 
e@cbt was for many years very small, 
7B comparison with the amount to 
which it has since increased, as _ will 
appear from the following statement : 
In 1761. . £.293,458 
tet So" 993.390 
4781... 1,551,704 
1791 . . 2 464,590 
The loans rendered necessary by the 
war which began in 1793, were in the 
first year raised wholly in Ireland on 
5 per cent. stock. In 1794, an ad- 
ditional inducement was otic to per- 
sons resident in England, to subscribe 
to the loans of JTreland, -by making the 
dividends on part of the ‘stock payable 
at the Bank of England; aud the same 
plan was followed in 1795 and 1796; 
the loans of each of these years being 
raised on 5 per cent. stock, with the 
addition of terminable ee In 
41797, the alarm of mvasion, and the 
disturbed state of the country, rendered 
it impracticable for the covernment or 
freland, to raise the loan necessary for 
the service of the year, except on the 
most exorbitant terms; «it was, therefore, 
deemed preferable that it’ should be 
ebiefiy raised and funded in Great Bri- 
tain, as part of the sum borrowed by 
the government of that ccuntry. The 
joint AG. ans for Great Britain and Ir eland, 
were therefore rai ised as one sum, the 
intcrest of the whole being charged on 
the consolidated fund of Great Britain. 
Yn this manner the following sums have 
heen raised mm Great Britain for the 
Public funded Debt of Ireland. 
[Nov. Ty . 
service of Ireland, the government of the 
iatter country remitting annually the 
interest, charge of management, and ap- 
propnation of 1 per cent. thereon, in 
order to reimburse the payments made 
from the consolidated fund on this ac- 
count, 
Years Sums borrowed. 
1797 - £.1,500,000 
1798 - 2,000,000 
799 -  $,000,000 
300 - 2,000,000 
1801 - _ 2,500,000 
4802 - 2,000,000 
1203 - 2,000,000 
1804 - 4,500,000 
1805 - 4,000,000 
4806 - 2,000,000 
1807 - 2,000,000 
These sums being much greater than 
the previous loans of Ireland had usually 
been, have caused a rapid accumulation 
of debt, the apparent magnitude of which 
is also much increased from the above 
sums having been chiefly raised on three 
per cent. stock. The progress of the 
total amount has been as follows: 
Years. Debt. 
1797 - £.7,082,256 
1798 - 11,059,256 
1799 - 17,466,540 
1800 - 25,662,640 
1801 - $1,950,656 
1802 - $6,464,461 
4803 - 40,663,532 
1804 - 44,749,325 
1805 ~ 53,296,356 
1806 - 58,344,690 
1807 . 64,721, 356 
The total of the sums borrowed, Ye 
which this amount of debt has heeds in- 
curred 1s £.45,775,652 2s. 11d.* The 
different descriptions of stock, of which 
the debt consists are as follows : 
Payable in Dubhn. Capital. 
Si percent.ann. ~£.5,668,472 17 1 
4 per cent. ana. - 174,600 0 O 
5 percent.ann. - 11,625,450 11 3 
Payable in London, 
3 per cent. cons. ann. 98,480,333 6 8B 
3 percent. red.ann. 15,847 812 10 O 
3 per cent. deferred - 150.854 3 4 
4 per cent. consol. ann. $25,000 0 O 
5 per cent. consol. ann. $90,000 0 O 
5 percent. Inshann. 2,058,833. 6 8 
Total. £.64,721,356.15 . @ 
When the measure was adopted of 
raising money in this country for the use 
of Ireland, it was very properly attended 
with. an arrangement similar to that for 
* The aboye sums are Irish currency. 
