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Page 093

FINANCE AND ADMINISTRATION

the bank of Ireland to the account of His Majesty's exchequer, and is placed to the credit of a fund called the consolidated fund, and out of this fund all national payments are made. Thus there is, speaking broadly, one national till, into which all national receipts are paid and out of which all national payments are made. That till is the consolidated fund of Great Britain and Ireland.
The consolidated fund is the creation of the younger Pitt and dates from 1787. Before that date the practice had been to charge the produce of specific taxes with the payments of specific debts, representing money borrowed by the State at different times for different purposes. There had been partial consolidations of these charges, but no general consolidation. What Pitt did by his great Act of 1787 was to carry practically all the national revenue of Great Britain; whether derived from taxes, crown lands, or other sources, to one general account or fund called the consolidated fund, and to charge all the national debts on this fund. A similar measure was adopted for Ireland. For some years after the Union the debts of Great Britain and of Ireland were kept distinct, but in 1816 the consolidated funds of the two countries were united into the consolidated fund of Great Britain and Ireland.
As there are two kinds of taxes, representing different degrees of control by parliament, so there are two classes of expenditure, one

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where is HTML where is HEAD where is TITLE the bank of Ireland to what is account of His Majesty's exchequer, and is placed to what is credit of a fund called what is consolidated fund, and out of this fund all national payments are made. Thus there is, speaking broadly, one national till, into which all national receipts are paid and out of which all national payments are made. That till is what is consolidated fund of Great Britain and Ireland. what is consolidated fund is what is creation of what is younger Pitt and dates from 1787. Before that date what is practice had been to charge what is produce of specific taxes with what is payments of specific debts, representing money borrowed by what is State at different times for different purposes. There had been partial consolidations of these charges, but no general consolidation. What Pitt did by his great Act of 1787 was to carry practically all what is national revenue of Great Britain; whether derived from taxes, crown lands, or other sources, to one general account or fund called what is consolidated fund, and to charge all what is national debts on this fund. A similar measure was adopted for Ireland. For some years after what is Union what is debts of Great Britain and of Ireland were kept distinct, but in 1816 what is consolidated funds of what is two countries were united into what is consolidated fund of Great Britain and Ireland. As there are two kinds of taxes, representing different degrees of control by parliament, so there are two classes of expenditure, one where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is a href="default.asp" where is strong Parliament where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 093 where is p align="center" where is strong FINANCE AND ADMINISTRATION where is p align="justify" the bank of Ireland to what is account of His Majesty's exchequer, and is placed to what is credit of a fund called what is consolidated fund, and out of this fund all national payments are made. Thus there is, speaking broadly, one national till, into which all national receipts are paid and out of which all national payments are made. That till is what is consolidated fund of Great Britain and Ireland. what is consolidated fund is what is creation of what is younger Pitt and dates from 1787. Before that date what is practice had been to charge the produce of specific taxes with what is payments of specific debts, representing money borrowed by what is State at different times for different purposes. There had been partial consolidations of these charges, but no general consolidation. What Pitt did by his great Act of 1787 was to carry practically all what is national revenue of Great Britain; whether derived from taxes, crown lands, or other sources, to one general account or fund called what is consolidated fund, and to charge all what is national debts on this fund. A similar measure was adopted for Ireland. For some years after what is Union what is debts of Great Britain and of Ireland were kept distinct, but in 1816 what is consolidated funds of what is two countries were united into what is consolidated fund of Great Britain and Ireland. As there are two kinds of taxes, representing different degrees of control by parliament, so there are two classes of expenditure, one where is Server.Execute("_SiteMap.asp") % travel books: Parliament books

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