An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England
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Home > History and Archaeology > History > An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added
An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added

An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1816 edition. Excerpt: ...cent. interest: these great profits, and the doubtful authority on which they held their exclusive privileges, being a great temptation to individuals, interlopers, who had often given them much trouble, became again very numerous; but the Company found means, in 1683, to obtain a new charter, by which all ther former privileges were confirmed, and some farther powers given them. Their stock, at this time, was sold or jobbed from 36'0 to 500 per cent. In 1693, the charter of the Company became void, from default in payment of the duty imposed upon their stock, but it was renewed upon condition of being determinable upon three years notice. A New East India Company was established, in 1698, b' charter, dated the 5th September, 10 Will. III.; and, in 1702, the Old Company was united with it. The New Company, at the time of their incorporation, advanced 2,000,000/. to Government, at 8 per cent.' interest, payable quarterly; and, in 1708, the United Companies, upon an extension of the term of their exclusive trade, lent to Government a farther sum of 1,200,000/. without any additional interest, by which means their capital was augmented to 3,200,000/., bearing 5 per cent. interest, which was reduced, in 1730, to 4 per cent. Upon this reduction of the interest on their capital, and the payment of the sum of 200,000/., the exclusive trade was continued till the year 1766. In 1744, they lent to Government a million at 3 per cent, in consideration of the term of their charter being extended to Lady-day 1783; after which time the Company was to cease upon three years previous notice being given by parliament, and repayment of the 4,200,000/. with all arrears of interest. Iu 1749, the interest on their capital was reduced to 3 per cent. One of the...


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Product Details
  • ISBN-13: 9781130704518
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 44
  • Spine Width: 2 mm
  • Weight: 95 gr
  • ISBN-10: 1130704513
  • Publisher Date: 01 Jun 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added
  • Width: 189 mm

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An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added
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An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added
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An Account of the Several Public Funds; Including Those Created by the Imperial and Irish Loans, Transferrable at the Bank of England: Together with an Account of the Stock of the Principal Public Companies in London: To Which Are Added

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