Remarks of Norths Method of raising Money by Loans
Remarks discuss a pamphlet on how Lord North proposed funding through loans and stock issues. It cites a 3 percent annuity scheme, sale at a discount, and profits from a lottery plus interest streams. Figures mention 779 million stock in the 3 percent scheme and 2.8 million for various annuities.
MENTIONED IN THIS ARTICLE
Lord North
Pal Tor
Lost value and schemes in Lord North's long annuity plan
The article analyzes the true value of annuities and the high costs of public loans under Lord North. It compares the 5 to 9 percent interest scenarios, exposes inflated prices, and argues the Short Annuity is mispriced versus the Long Annuity. It critiques ministers and moneylenders for wasting national treasure and suggests reforms.
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