fianagrment of tbe 3erbt. THE following is an account of
the sum paid for the Management of the Debt, and for the-expense of the National Debt Office.
Paid in tam.
"Total Management paid to the Bank of England"
£257,804
South Sea Company 5,904 Expenses of the National Debt Office 10,100 Total Management of Debt X 273,803
As the retrenchment in the Collection of the Revenue depends upon Taxation, so the immediate saving to be effected in the Management of the Debt hinges, more than many might suppose, upon the decision that may be come to upon the Bank Charter. The various bearings of this question we shall consider, as well as those of the Debt itself, when we treat of CURRENCY AND BANKING. We assume for the present, that the saving in this item, and in the cost of Collection, may be calcu- lated in round numbersat about a million.
Previous page
