Star.
London, England, 1818-04-15 00:00:00

NEW PLAN OF FINANCE.

(OFFICIAL) " TREASURY CHAin...
TREASURY
arum, 15111.
" It is proposed that Books shall be opened at dur
Bank of England this day, for the purpose of receiv-
ing the Subscriptions of persons desirous of transfer-
ring any sum in even thousands, not less than 50001.
3 per Cent. Consolidated, or 3 per Cent. Reduced
Annuities, (such Annuities to be specified at the time
of subscribing,) into a new Stock, at the rate of Si
per cent. the Interest on such Stock not to be re-
duced, nor the Stock paid off for ten years from the
sth of April, 1818.
Every Subscriber, in consideration of his trans.
ferring 1001. S per Cent. Consolidated or S per Cent.
Reduced Annuities, to the account of the °minus-
sioners for Reducing the National Debt, and of his
paying, at the times hereafter mentioned, into the
Bank the sum of 111. in money, shall be entitled, for
every 1001. Stock so transferred, to 1001. Si per cent.
Stock. to bear interest, either from the sth of April,
or the 10th of October, 1818, as hereafter mentioned.
The Subscribers to pay the said sum of 111. in
money by instalments at the following periods;
Upon the day of Subscribing, by way of Deposit
On or before the
24th 19th June, 1518
---------- y -
7th August
--------- 4th September
------- -
16th October •
13th November
4th December -
..-------- 13th January, 1812
Sth February - - - 1
Bth March -
" Discount at the rate of 2 per cent. per annum,.
computed in the usual manner, to be allowed to
Subscribers on completing the payment of the said
sum of 11/.
e The Subscribers to transfer their Stock to the
Commissioners for the Redaction of the National
Debt at the following periods, vie.-15 per Cent.
from Tuesday, the 28th April, to Monday, the 4th
of May, both days inclusive, holidays excepted, and
85 per cent. on or before Tuesday, the 2d of June. •
" Persons subscribing not less than 50,0001. Stock
to transfer the same to the Commissioners for the Re-
duction of the National Debt, at the following pe-
riods :—.15 per cent. on Tuesday, the (28th, or Wedf
nesday, the 29th of April, and 85 per cent. on or be.
fore Friday, the 27th of November.
" Every person having, before Tuesday, the U
day of June, completed the transfer of the whole
the Stock subscribed by him, shaU be entitled (as
soon as the measure shall have received the sanction
of Parliament) to the principal sum of 881. in An-
nuities, bearing Interest after the rate of SI. 10s. per
cent. per annum fler every 1001. so transferred, such
Interest to commence from the sth dal of April,
1818, and shall, on the completion of his payments.
of 111. in money on each 1001. so subscribed, be en-
titled to the farther principal sum of 121. like Annui-
ties, the Interest thereoe commencing at the same time.
" Every person, who, after the 2d day of June,
and before the 27th day of November, shall have
completed the transfer of the whole of the Stock sub-
scribed by him, shall be entitled to the principal
sain of 881. in Annuities, at the rate of 31. 10s. per
cent. per annum for eery 1001. so subscribed, the
Interest thereon to commence from the 10th day of
October, 1818, and shall, on the completion of his
payment of 111. in money on each 100/. so transfer-
Ted, be entitled to the further principal sum of 121.
liee Annuities, the Interest thereon commencing from
the sth of April, 1818.
" Every person subscribing 3 per Cent. Consols
shall be entitled to Interest for one quarter of a year
on such Consols, to be paid on the sth day of July,
in case the whole of such Stock shall be transferred
on or before the 2d of June ; and on the sth day of
January next, in case such transfer shall be made
after the 2d of June, and before the 2't th of Novem-
ber next.
Commissioners for the Reduction of the Na-
tional iiebt are to purchase 31 per Cent. Stock, in
proportion of at least one per cent. per annum in the
capital created whenever that Stock shall be under
6 The new Stock of Si per Cent, to be transfera-
ble at par into Irish 31 per Cents.
" The Subscription Books to continue open be-1
tweer. the hours of ten in the morning and three in
the afternoon, from this day to Saturday, the 18th
Lstant, both inclusive.
" Lord LIVERPOOL and the CHANCELLOR of the
EXCHECZWIR reserve to themselves the power of keep-
ing the Subscription open till the 24th instant inclu-
sive, upon notice thereof being sent to the Bank on
or before the 17th instant.
" Every Subscriber is to have the option of funding
Exchequer Bills to double the amount of money sub-
scribed by him ; and to receive for every 1001. of
Exchequer Bills subscribed 611. 3 per Cent. Conso-
lidated, and 641. 3 per Cent. Reduced Annuities—
provided such option is declared by the Subscriber
or. the 28th or 29th of April, or the 2d day of May,
ar.d every such Subscriber shall, at the time of de-
claring this option, peke a deposit at the Bank in
money or Exchequer Bills of not less than 5 per cent.
on the amount of Exchequer Bills subscribed, and
the remainder of such Exchequer Bills shall be
brought into the Exchequer Bill Office, on or before
the Ist of August, 1818, when the Interest thereon
shall cease and be paid in money, and in case the de-
posit shall have been made in money, it will be re-
turned by the Paymaster of Exchequer Bills without
Interest, upon the whole amount of such Exchequer
Bills being brought in as aforesaid.
" The 3 per Cent. Consolidated Annuities to be
created by this Subscription arc to bear interest from
the sth of January, 1818, but the Dividends not to
be paid till the sth of January, 1819, and the S per
Cent. Reduced Annuities to bear Interest from sth
April, 1818.
" In case the sum of ten millions of money or up,
wards shall be subscribed, no Exchequer Bills, over
and above dip.- which may have been funded by
the said. Subscribers, under the option aforesaid, shall
be funded before the Ist of March, 1819, at any
rate not exceeding 1251. Capital Stock in the Three
per Cent. Consolidated or Reduced Annuities for
every 1001. principal money, and in case of any such
finding the said Subscribers shall have the prefe-
rence 'of being.allowed to subscribe the same for ten
days, to be reckoned from the date of any notice
thereof to be sent to the Bank, specifying the terms
on which such Exchequer Bills stray be funded."

- I