Synopsis
This book offers a captivating exploration of the Sinking Fund, a crucial element in Britain's financial history. The author traces the fund's origins in 1717, when a reduction in interest rates on redeemable debts laid its foundation. The fund's growth was further fueled by the South Sea Scheme of 1720, which enabled the reduction of interest on both redeemable and irredeemable debts. This pioneering scheme stands out as the only effective method devised to address the interest burden. The book highlights the scheme's significance in propelling the Sinking Fund to its current state, a testament to the author's deep understanding of the subject.
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Two Letters Printed in June and September, 1728 (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book offers a captivating exploration of the Sinking Fund, a crucial element in Britain's financial history. The author traces the fund's origins in 1717, when a reduction in interest rates on redeemable debts laid its foundation. The fund's growth was further fueled by the South Sea Scheme of 1720, which enabled the reduction of interest on both redeemable and irredeemable debts. This pioneering scheme stands out as the only effective method devised to address the interest burden. The book highlights the scheme's significance in propelling the Sinking Fund to its current state, a testament to the author's deep understanding of the subject. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334348099_0
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Two Letters Printed in June and September, 1728
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334348099
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Two Letters Printed in June and September, 1728
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334348099
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