The British Press; or, Morning Literary Advertiser.
London, England, 1818-04-01 00:00:00

Isis:

to if tobscribera to t titlol.llll SIVIII,I Book
chuore to apply their crest to further subscrip-
tion, it does nut fo that we ure ps}ing them
consposind interest.
&rides, from the following short sketch it will
he clearly seen tit.it die notion will he lieliefited—
for supposing die money thus wised to iiiinunt, for
example sake, si eeeee ally to a million sterliii4, and
that it is applied either to the Fond or
reduction of times, the result, in fourteen yea's,
will be

Debt Callerlle,l,l
Interval kale of Inl e.l Taxes.
Sans
Yrs.
4u bscribed . due rest 4 pert Reduced.
thereon. Ceul. or 3 per!
Cents. at SO.
--
-----.. --------.• --..
—'...-----t. t. t. I t.
1 1.000,000 40,000 1,049,000 I 960,000
2 1.000,000 00,009 1,1163,26 I 020,000
3 1.090,0nn 120 ono 1 a 26,591 060,000
4 1,000,000 140,000 1,171,656 640,000
5 1,000,000 209,000 1,218,524 sodmoo
6 1,000,000 210,090 1.2111,264 760,000
7 1,0041,000 260.000 1,317,956 720,000
II 1,000,000 320,000 , 1,47 n 672 696,000
9 1,000,000 360 0110 1,425.500 640,000
10 1,000,000 490,030 List 520 600,000
11 1,000.000 440,000 1,541,920 NOM.
12 1,000,009 460,000. 1,693,492 5211,000
13 1,000,000 520.1500 1,1167,632 4/10,000
14 1,000,900 500,000 i ,73 i,:t3a , 440,000
--
14,000,000 4,2.)0,000 19,951,226 9,900,0041

By the above it appears thst the amount of Debt
redeemed in Money Capital' would be 19,051,228/.
(ilion2ll this sum would lie greater or smaller ac-
cordisig to the price of Stock), and the amount cf
Debt created 14,000,0001., and Interest paid
aMOO,OOO/.. making together the sum of
18.200,00 W.; consequently a benefit to the Na-
Inroad Fund would accrue of 851,42.81. if the
subscriptions Or deposits were applied in aid of
the Sinking Fund, MA produce an annual excess
of interest of 174,336/. ; and if appropriated to the
extinction of t saes, there would result a saving of
9,800,000/. which would provide for the payment
'W* 560,0001. a year, the amount of interest which
would he payable on the 13,000,000/. borrowed
(without calculating do the amount wised accumu-
lating iti the hands of the public at compound iiite-
reel) for nearly sixteen years longer, thus atlowing
us thirty years for the paymesit of what we should
otherwise be obliged to pay in./lost-ken.
After the first 14 year, if the sums drawn out
should amount to as much as the subscriptions de-
posited, the aeenuot v/001,1 stood as above stated;
but should the latter exceed the firmer, the nation
will go on deriving a bereft from► it, na proportion
to suds excess.
I have further to remark, tbat the price of the
Funds will snake no difference to the Revenue on
the receipts and payment boils being in money
capital, Alice the amounts drums oUt would be
paid by the subscriptiosis deposited, which would
all be in sterling or money capital ; therefore, Go.
'eminent could pay the subscribers the seine
amount in sterling money as they putt to, without
sustaining the least loss—and with respect to the
interest there would be all advantage, as sin loans
h sve.ever been negotiated at so bad a tete of iii-
terest as 4 per cent.
[laving thus stated what has occurred to me on a
subject highly interesting to Bet British public,
I have discharged la duty every member owes the
society in which he live•, to Loy before it any thing
which occurs to Ino►, that may tend to augsnent
the comforts or adv: ;we the interests of his fellow-
citizens individually, and, at she some lime, in-
crease the resources and promote the prosperity of
the continuality collectively.
It remains with the Government and the Legis-
lature to consider of the proportion thus submitted
to them—and should it appear on investigation that
its adoption would be unleaded with the beneficial
results herein a and, it will be for the latter to
sanction, and the former to carry the measure into
execution.
Mar eh. 1818. CiNCINNATUS.

I ()REIGN INTELLIGENCE.