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Debentures for this amount, to wit, 300,000 taels for Canton, 100,000 for Shanghai, and 100,000 for Fuchau, were delivered, according to the terms of the convention, by the respective Chinese collectors of the customs of these ports to the agent selected by our minister to receive the same.
This story coming to a termination amidst general applause, Inspector Wield, after a little grave smoking, fixes his eye on his host, and thus delivers himself: 'It wasn't a bad plant that of mine, on Fikey, the man accused of forging the Sou'-Western Railway debentures it was only t'other day because the reason why? I'll tell you.
The granddaughter-in-law, who had an abode full of costly wedding-presents over the shop, had been one of her callers, but when they flashed across that doorway the Batchgrew women made a point of ignoring all phenomena in the shop. "Has Louis decided about them debentures?" Thomas Batchgrew asked, still in a very low and confidential tone, as the two stood together in the corner.
The very uncertainty as to this fifth coupon gives interest to the investment, if not to the investor." "None of yo' Irish impudence, suh. No, gentlemen, the plan is not only fair, but reasonable. Two years is not a long period of time in which to foster a great enterprise like the C.& W.A.L.R.R., and it is for this purpose that I issue the Deferred Debentures. Deferred put off; Debenture owed.
Now, with this aggregate, you, and I, and everyone can own vast estates, buy forty-year debentures, lend money on approved security, buy real estate, the unearned increment of which will net in some cases two or three hundred per cent. interest, besides an increased valuation on the original sum invested."
She would leave 5000 pounds in other legacies, and 15,000 pounds to Ernest which by the time he was twenty-eight would have accumulated to, say, 30,000 pounds. "Sell out the debentures," she said, "where the money now is and put it into Midland Ordinary." "Let him make his mistakes," she said, "upon the money his grandfather left him.
Britling's consciousness was something that had not always been there, something warm and comforting that made life and his general thoughts about life much easier and pleasanter than they would otherwise have been, the sense of a neatly arranged investment list, a shrewdly and geographically distributed system of holdings in national loans, municipal investments, railway debentures, that had amounted altogether to rather over five-and-twenty thousand pounds; his and Mrs.
This was the era of reckless railway speculation. Municipalities were empowered to borrow money on debentures for railway building guaranteed by the provincial government. Unfortunately they borrowed extravagant sums and ran into debt, from which, at last, the province had to rescue them.
The Treasury should be authorized to subscribe a reasonable capital to it, and it should be given authority to issue its own debentures. It should be placed in liquidation at the end of two years. Its purpose is that by strengthening the weak spots to thus liberate the full strength of the Nation's resources.
The South Sea Company was originated by the celebrated Harley, Earl of Oxford, in the year 1711, with the view of restoring public credit, which had suffered by the dismissal of the Whig ministry, and of providing for the discharge of the army and navy debentures and other parts of the floating debt, amounting to nearly ten millions sterling.
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