charged what is mortgaged upon it, the scale of English taxes would rapidly descend to that of Ireland. Observations on this Loan by Robert Shaw. During the annuity the interest is £6 per cent. per annum. After the expiration of the annuity, the interest is £5. The value of the annuity in perpetuity is per Observations on this Loan, by Boyd, Benfield, and Co. During the annuity, the interest is £6 18. 11d. per cent. per annum. After the expiration of the annuity, the interest is £5. annum Amount of interest in perpetuity £0 10 10 500 £5 10 10 £100 at 5 per cent. £5 0 0 Value....... £300,000 Observations on this Loan, by Robarts, Curtis, and Co. During the annuity, the interest is £9 158. per cent. per annum. After the expiration of the annuity, the interest is £5. British .......... £1,500,000 Capital created for each £100, with the Interest, &c. Money value of annuity............ £4,875 Notes.-These loans are portion of the English Loans, but not in any manner distinguished from that part belonging to Great Britain. During the annuity, the interest is £6 78. 6d. per cent. After the expiration of the annuity, the interest is per annum, £6 1s. The value of the annuity is per annum, in perpetuity ...... Amount of interest in perpetuity... £0 6 2 610 £6 7 2 Loan of 1798. British .............................. £2,000,000 Capital created for each £100, with the interest. £150, 3 per cent, consol, Notes.-During the annuity, the interest is £6 4s. 11d. per annum. After the expiration of the annuity, the interest is per annum, £6. The value of the annuity in perpetuity is per annum .... And of interest in perpetuity £0 4 8 600 £6 4 8 Capital created for each £100, with the Interest. £125, 3 per cent. consol, Memorandum as to Loans, &c., as they may be affected by a Union. It is objected to a Union-1st. That it will draw all the money concerns of Ireland to England. 2nd. That loans will be there negociated. 3rd. That loans already borrowed in England cannot be transferred to Ireland so as to prevent the drain of interest. 4th. That, no loans being made here, all savings must be lodged in British Funds, making a loss of capital to the kingdom in the first instance, and creating a loss to individuals in the second, by the charge of exchange and commission upon the remittal of interest. To the 1st objection it may be answered, that it does not appear that the money concerns of Ireland will be more drawn to England than at present. The Irish Treasury will continue, the Irish establishments will be here paid, and the amount of them is not likely to diminish, and all money transactions unconnected with the Government will be carried on as at present, and probably to a much greater extent. |