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Observations on a Scheme to Reduce National Debts Interest
The writer warns South Sea Annuities holders face greater losses under a 3 percent per year debt reduction plan than under alternative payments. He questions public money diversions, urges prioritizing the Banks and sinking fund, and notes effects on land values and rents while criticizing certain directors of the East India Company and urging honest, capable leadership.
MENTIONED IN THIS ARTICLE
East-India Company
India
Potterity