Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850 — John Shaqi
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
1816, £13,945,117
1817, 14,514,457
1818, 15,339,483
1819, 16,305,590
1820, 17,499,773
1821, 17,219,957
1822, 18,889,319
1823, 7,482,325
1824, 10,625,059
1825, 6,093,475
1826, 5,621,231
1827, 5,704,766
1828, 4,667,965
1829, 2,559,485
1830, 4,545,465
1831, 1,663,093
1832, 5,696
————————————
£162,682,256
—PORTER’S _Parl. Tables_, i. 1.
But the Reform Bill, passed in 1832, has entirely put an end to the
reduction of the debt. Since that time, as Sir Charles Wood tells us,
the debt, so far from having diminished, has increased £27,000,000.
That there was a substantial reduction of debt going on during the
period included in the above table, and not a mere juggle, by
transferring debt from one denomination to another, though not to the
amount which these figures would indicate, is decisively proved by the
following Table, showing the general result of the financial operations
from 1816 to 1832, when the Whigs introduced the Reform Bill:—
Funded Debt on 5th Jan. 1816, £816,311,940
Unfunded do., 48,510,501
————————————
Total, £860,822,441
Total Debt on 5th Jan. 1832—
Funded, £754,100,549
Unfunded, 27,752,650
———————————— 781,853,199
————————————
Paid off in sixteen years, £82,969,242
—PORTER’S _Parl. Tables_, ii. 6.
In the next eighteen years, since the Reform Bill changed the
Constitution, it has been seen the debt was increased by £27,000,000.
Public-domain text, read in full here on John Shaqi.
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