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Updated: June 16, 2025
The bank fund at this time amounted to £3,375,027:17:10½, for which was paid an annuity or interest of £206,501:15:5d. The East-India fund amounted to £3,200,000, for which was paid an annuity or interest of £160,000; the bank fund being at six per cent., the East-India fund at five per cent. interest.
In 1708, therefore, the credit of government was as good as that of private persons, since it could borrow at six per cent. interest, the common legal and market rate of those times. In pursuance of the same act, the bank cancelled exchequer bills to the amount of £ 1,775,027: 17s: 10½d. at six per cent. interest, and was at the same time allowed to take in subscriptions for doubling its capital.
In 1896 the report showed 1,374 temperance societies, with 80,000 members figures that do not include all the abstainers in Methodism; some societies have no temperance association, and some Methodists are connected with other than our own temperance work. The 4,393 Bands of Hope count 433,027 members.
at £.51,406,430 Of which colonial, 17,378,550 Remaining for foreign trade, £.34,027,880 Mr Cobden knew well, however, that Gibraltar, Malta, and the Ionian Isles are not, and cannot be considered as, colonies. They are in fact military stations held for political and commercial objects.
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