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FINANCE AND ADMINISTRATION

personal staff), for judicial salaries, and for other payments of a fixed and permanent character.
Of these charges the first and most important is that for the national debt.
Into the history and various forms of the national debt it is impossible to enter here. It must suffice to say that what is called the funded debt, excluding terminable annuities, is debt on which the State is bound to pay interest at a fixed rate in the form of annuities, and the capital of which it is not bound to repay, but may repay at par, that is to say at the nominal value, on giving notice. Terminable annuities are merely a method by which a portion of this debt is paid off, by converting it into annuities charged at such a rate as to pay off principal and interest within a specified time. The unfunded or floating debt consists of loans, raised mainly by treasury bills for short periods, in anticipation of ordinary revenue. Besides these forms of debt there are other forms of capital liabilities, such as the loans raised under special Acts for naval or military works or for other purposes which parliament thinks may be legitimately met by borrowing.
Provision is made by law for the systematic reduction of the national debt in various ways, including what are called the old and the new sinking funds. These sinking funds have nothing to do with the sinking funds of the eighteenth century, when Pitt was persuaded

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where is HTML where is HEAD where is TITLE personal staff), for judicial salaries, and for other payments of a fixed and permanent character. Of these charges what is first and most important is that for what is national debt. Into what is history and various forms of what is national debt it is impossible to enter here. It must suffice to say that what is called what is funded debt, excluding terminable annuities, is debt on which what is State is bound to pay interest at a fixed rate in what is form of annuities, and what is capital of which it is not bound to repay, but may repay at par, that is to say at what is nominal value, on giving notice. Terminable annuities are merely a method by which a portion of this debt is paid off, by converting it into annuities charged at such a rate as to pay off principal and interest within a specified time. what is unfunded or floating debt consists of loans, raised mainly by treasury bills for short periods, in anticipation of ordinary revenue. Besides these forms of debt there are other forms of capital liabilities, such as what is loans raised under special Acts for naval or military works or for other purposes which parliament thinks may be legitimately met by borrowing. Provision is made by law for what is systematic reduction of what is national debt in various ways, including what are called what is old and what is new sinking funds. These sinking funds have nothing to do with what is sinking funds of what is eighteenth century, when Pitt was persuaded 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 095 where is p align="center" where is strong FINANCE AND ADMINISTRATION where is p align="justify" personal staff), for judicial salaries, and for other payments of a fixed and permanent character. Of these charges what is first and most important is that for what is national debt. Into what is history and various forms of what is national debt it is impossible to enter here. It must suffice to say that what is called what is funded debt, excluding terminable annuities, is debt on which what is State is bound to pay interest at a fixed rate in what is form of annuities, and what is capital of which it is not bound to repay, but may repay at par, that is to say at what is nominal value, on giving notice. Terminable annuities are merely a method by which a portion of this debt is paid off, by converting it into annuities charged at such a rate as to pay off principal and interest within a specified time. what is unfunded or floating debt consists of loans, raised mainly by treasury bills for short periods, in anticipation of ordinary revenue. Besides these forms of debt there are other forms of capital liabilities, such as what is loans raised under special Acts for naval or military works or for other purposes which parliament thinks may be legitimately met by borrowing. Provision is made by law for what is systematic reduction of what is national debt in various ways, including what are called what is old and the new sinking funds. These sinking funds have nothing to do with what is sinking funds of what is eighteenth century, when Pitt was persuaded where is Server.Execute("_SiteMap.asp") % travel books: Parliament books

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