A Summary View and Comparison of the different Schemes of Public Loans described in the Supplement.
N.B. The Sum borrowed is always supposed Five Millions; and the Price of the 3 per cents. 78l. But all the Schemes may be accommodated to any other Price of the 3 per cents. and to Schemes for borrowing any greater or smaller Sums.
| OLD SCHEMES. | Scheme of the loan in 1777. [Page 185]. III. | Scheme of 1777, altered to avoid douceurs and an artificial capital. | Scheme of 1777; supposing 100l. four per ct. stock worth 91l. when the 3 per cts. are at 78l. [Page 200]. VI. | Scheme founded on the regulations proposed [Page 205], &c. VII. | Schemes of loans by changing the 3 per cent. stocks to stocks bearing higher interest. | ||||
|---|---|---|---|---|---|---|---|---|---|
| I. Scheme described [Page 182]. | II. Scheme described [Page 183]. | See [Page 186.] IV. | See [Page 188.] V. | See [Page 209.] VIII. | See [Page 214.] IX. | ||||
| Sum advanced | £. | £. | £. | £. | £. | £. | £. | £. | £. |
| 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | 5.000,000 | |
| New Capital, or sum payable at redemption | 5.000,000 | 6.343,954 | 5.000,000, | 4.750,000 | 3.750,000 | 5.000,000 | 4.850,000 | 2.500,000 | —0— |
| Interest offered | 3 per cent. | 3 per cent. | 4 per cent. | 4¼ per cent. | 4¼ per cent. | 4 per cent. | 4 per cent. | 4¼ per cent. | 4 per cent. |
| Artificial Capital, or sum payable at redemption more than the value received | 1.200,000 | 1.343,954 | 250,000 | —0— | —0— | [155]450,000 | —0— | —0— | —0— |
| Douceurs consisting of additional capitals | —0— | 1.343,954 | —0— | —0— | —0— | —0— | —0— | —0— | —0— |
| Short Annuity worth | 1.200,000 | —0— | 200,000 | —0— | —0— | 450,000 | —0— | —0— | —0— |
| Lottery worth | —0— | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | —0— | —0— | —0— |
| Annual Charge. | |||||||||
| Perpetual | 150,000 | 100,318 | 200,000 | 201,875 | 159,375 | 200,000 | 194,000 | 212,500 | 200,000 |
| Temporary | 100,000 | —0— | 25,000 | 25,000 | 75,000 | 56,250 | —0— | —0— | —0— |
| For lives or 17 yrs. | for 10 years. | for 10 years. | for 27 years. | for 10 years. | |||||
| Total of Annual Charge | 250,000 | 190,318 | 225,000 | 226,875 | 234,375 | 256,250 | 194,000 | 212,500 | 200,000 |
[To be placed last of all, facing [Page 216].]
[155] This Scheme may be altered to avoid the artificial Capital and 450,000l. Douceur (preserving nearly the same annual Charge) in the Manner directed in the 4th or 5th Scheme.