An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
General
An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
expence upon the two last
articles 400 000 17 777 15 6½
For lighting and cleaning the
city of Paris 840 000 37 333 6 8
Appointments of the secretary
of the cabinet council, for
couriers, and other expence 1 400 000 62 222 4 5¼
Ditto of ministers at foreign
courts 1 800 000 80 000 — —
——————————— ————————————————————
Total sum of this branch 52 950 000 2 353 333 6 8
——————————— ————————————————————
Interest at 2½ _per cent._
upon 990 000 000 livres, or
44 000 000_l._ sterl. of the
late King’s debts,
constituted after the
bankruptcy 1720 24 750 000 1 100 000 — —
Interest at 2½, upon 94
millions due to the company
of the Indies, upon their
old accompts 1720 2 350 000 104 444 8 10½
Farther allowed to the
company, for paying their
dividends 2 400 000 106 666 13 4
Annuities on lives constituted
during the last war 16 000 000 711 111 2 2½
——————————— ————————————————————
Total interest of debts 45 500 000 2 022 222 4 5
——————————— ————————————————————
Footnote 31:
These reductions of French money to sterling, are computed at the rate
of 22½ livres to the pound sterling. Hence 270 800 000 livres make 12
035 555_l._ 11_s._ and 1½_d._ sterling, or nearly 1¼_d._ as stated,
though the amount of the partial sums differs by 1_d._
This article of 16 millions of annuities on lives is the only charge
cast upon the King’s ordinary revenue, in consequence of the last war.
Articles of revenue. Fr. money. Sterling ditto.
livres. l. s. d.
Recapitulation of the expences.
Expence of the court 28 600 000 1 271 111 2 2½
Fixed military ditto, by sea
and land 109 000 000 4 844 444 8 10½
Justice, pensions, &c. 52 950 000 2 353 333 6 8
Interest of debts 45 500 000 2 022 222 4 5¼
——————————— ————————————————————
Total expence 236 050 000 10 491 111 2 2½
Total ordinary revenue at the
end of the war 282 300 000 12 546 666 13 4
——————————— ————————————————————
The first deducted from the }
latter, Remains free } 46 250 000 2 055 555 11 1½
——————————— ————————————————————
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