The British Press; or, Morning Literary Advertiser.
London, England, 1818-04-17 00:00:00

NEW PLAA TO RAISE MOSEY.

The plan to raise money brought forward by the
Minister is at present but little understood, and it
only requires to be put in its true light to 'hew the
public Ihe fallacy of it, ■nd the loss that must ac-
crue to the subkribers, as the following simple
statement will spew

I will suppose an order given to a broker to sub-
scribe 1,0001. 3 per cent. Consols.
1,000/. Consols will cost, at 81 per cent. ,C 810 0 0
111.14.) be paid on each lOW. 3 per cent.

C.oaeols Wbe paid llO 0 0
4201. is Exelsequer Bills, with premium at
2bs. per cent. will cost
Cost of 1,000/..Consois subscribed .... 1,141 IS •
The produce, if sold, viz.-4.
1,0031. 31 per cent. Stock, I will
lake at VO per cent. al-
though it cannot be sold
at 4lat
140!. 16s Reduced, at 20,1 .... 112 16 3
1401.162. Consols, at 31
Discount 0 0
Interest ou Excbequer Bills ll2 0

1,128 15 '2

On 1,0001. Consols

1.... f 13 19 In

N.B.—No brokerage is calculated either way.
consequently, 255. must be added for bi•okerag.,
which makes the loss so much in addition. It
be observed in tinn place, that the higher the
3 per cents. yet the more unprofitable it will be to
subscribe, because the 33 per cent. stock, iiito
which you convert your 3's, will nut rise in the
same proportion; you, therefore, give the Aliiiister
your saleable stock, with an additional capital, and
take Ilia in return that cannot be sold is itliont great
loss, and for every 1 per cent. rise in the 3 per
cents. each subscriber to the new hlau will hints
about 7/. in every 1,0001. 3 per cent. Cinanll, sub-
scribed. It is, therefore, inspossible that the Mi-
nister can ►aise thirty millions of money by this
plan, as he must create a new stock in 3i pr
cents, to the amount of one hundred millions, and
about twenty-six millions of 3 tier cents. in lid.
dition.

h it possible the public can overlook the disad-
vantage of making their own property so muck
worse?

A Governor of the Irish Charity, who was pre-
sent at the late half-yearly examination of the chil-
dren, when the premium' were appropriated,
no apprehension that the reality will fall short
of his representation when he declares, that
Prize Girl of that Institution for the Cllthra-
lion of to-morrow, may compete its bc:listy with the.
Veneer de Illedieis (whom, by the war•, this Erig'ibid.
born Irish girl resembles prodigiously in the stone-
ture of tier Lice), even if that famous statue were
touched with the Prontethean fire; and that Nile
might, without disadvantage, stand by the side of
her whose chastity the Poet, without equal, likeil.d
to

--" the icicle
That tamp on Dian 's Tcatill,"--
in spotless purity and unconscious loveliness.—
Our correspondent, who is a principled belieser
that Monarchy is us essentiul to the life of the
British Constitutioso us popular right, warns the
Novel Chairman, who •nuy yet be .• feather ton line
of Kings," of the peril to which his function iii lo-
morrow's festivul unavoidably exposes him, whilq
he is investing this tine you'll.; creature, who is just
14 years old, with the silver medal awarded by the
Committee of that Charity, upon the good old
'fluxion of detur digniori.