The History of England in Three Volumes, Vol.II. / Continued from the Reign of William and Mary to the Death of George II., Volume 3 Papyras Classics

← The History of England in Three Volumes, Vol.II. / Continued from the Reign of William and Mary to the Death of George II., Volume 3

Chapter 80

New Consolidation of Funds

A third law related to certain articles of the national debt, which was now converted into several joint-stocks of annuities, transferable at the bank of England, to be charged on the sinking fund. A great number of different funds for annuities, established at different times and by different acts, subsisted at this period, SO that it I was necessary to keep many different accounts, which could not be regulated without considerable trouble and expense, for the removal of which the bill was calculated.