The period for which a loan is made is fixed by the county council with the consent of the Local Government Board, but may not exceed thirty years, and the mode of repayment may be by equal yearly or half-yearly instalments of principal or of principal and interest combined, or by means of a sinking fund invested and applied in accordance with the Local Government Acts.
In 1901 Belgium renounced the repayment of its loans and the payment of interest, reserving the right to annex the state, whose financial obligations to Belgium would revive only if that kingdom should renounce its rights to annex the Congo.
Besides this reduction of interest, the state secured an extension of fourteen years in each of the various periods allotted for repayment of the component loans.
Edward IV., however, discarded even the pretence of repayment, and in 1473 the word benevolence was first used with reference to a royal demand for a gift.
27 in the spirit of a man of business, by sending ships to seize some islands belonging to France in the West Indies, so as to make certain of repayment of the expenses of the war.
This repayment sometimes consists of half the estimated value of the standing crops.
In 1857 an interior loan of 150,000 purses in bonds (esham-i-mumtaze), repayable in three years and bearing 8% interest, was raised; the term of repayment was, however, prolonged indefinitely.
He was successful in restoring the authority of Maximilian in Holland, Flanders and Brabant, but failed to obtain any repayment of the large sums of money which he had spent in these campaigns.
Where such expenditure has been incurred by the owner of one interest, generally by the shipowner, the repayment to him by the other interests ought not to be wholly dependent upon the subsequent safety of those interests at the ultimate destination.
They may also be charged with the repayment of money laid out for their permanent advantage, and be augmented wholly by the medium of Queen Anne's Bounty.
In thirteen years the board lent out over five millions and a half, and received repayment of nearly two millions of principal as well as over one million in interest at 5%.
Even Albrecht was shamed by Luther's attack, but he could not afford to relinquish his profits already pledged for the repayment of his debts; and Tetzel was encouraged to defend himself and indulgences.
You are certain Darkyn will consider this repayment for his whore-daughter?
The terms of agrarian contracts and leases (except in districts where mezzadria prevails in its essential form), are in many regions disadvantageous to the laborers, who suffer from the obligation to provide guarantees for payment of rent, for repayment of seed corn and for the division of products.
Of the sums really received the ministry of finance expended some £T3,000,000, in payment of the Greek indemnity, in repayment of £Ti,000,000 of advances to the treasury and by assigning the credit voted to the ordnance department, and it was stated that these payments exhausted the extraordinary resources.
In its methods of borrowing, in its plans for repayment, or, in extremity, in its power of repudiation it is independent of external control.