In 1879, owing to the continued depreciation of silver, the free coinage of silver was suspended.
As on previous occasions, the great depreciation in the value of the currency has led to a repudiation of part of its nominal value.
This depreciation reached its maximum in October 1891 ($460.82 paper for $100 gold), and remained between that figure and $264 during the next six years.
The consequence of these further issues was instant depreciation, and the note of Too francs nominal value sank to less than 20 francs coin.
The latter were Denver (133,859), Pueblo (28,137), Colorado Springs (21,085), Leadville (12,455), Cripple Creek (10,147), Boulder (6150) and Trinidad (5345) Creede, county-seat of Mineral county, was a phenomenal silver camp from its discovery in 1891 until 1893; in 1892 it numbered already 7000 inhabitants, but the rapid depreciation of silver soon thereafter caused most of its mines to be closed, and in 1900 the population was only 938.
A similar tone of exaggerated depreciation of the Massoretic Hebrew text, coloured by polemical bias against Protestantism, mars his greatest work, the posthumous Exercitationes biblicae de hebraeici graecique textus sinceritate (1660), in which, following in the footsteps of Cappellus, but with incomparably greater learning, he brings irrefragable arguments against the then current theory of the absolute integrity of the Hebrew text and the antiquity of the vowel points.
Taxation has been very erratic. From 1877 to 1893 the total assessment rose steadily from $3,453,946 to $238,722,417; it then fell at least partly owing to the depreciation in and uncertain values of mining property, and from 1894 to 1900 fluctuated between 192.2 and 216.8 million dollars; in 1901 it was raised to $465,874,288, and fluctuated in the years following; the estimated total assessment for 1907 was $365,000,000.
At last their depreciation reached a point where their acceptance was generally refused and silver was imported for commercial needs, when the government suspended their legal tender quality and allowed them to disappear.
`4 This depreciation is voiced in their catch-word of SoKOUVTEs (" those of repute," ii.
Philip's bimetallic system, which had attempted artificially to fix the value of silver in spite of the great depreciation of gold consequent upon the working of the Pangaean mines, was abandoned.
Part of the Revolutionary debt was paid in depreciated paper, part was assumed by the United States government, part was paid at various rates of depreciation between 1803 and 1820, and the remainder, $43,971, was repudiated in 1847.
He took an active share in the various expedients of the government for stopping the depreciation of the assignats.
8 Asceticism was bound up with the gnostic depreciation of the body.
The extent of the depreciation in value of tithe tray be gathered from the fact that for 1902 the price of the wheat bushel is thus fixed at 3s.
The name of one of them, Thomas Conway, an Irish soldier of fortune from the French service, is attached to what is called "Conway's Cabal," a scheme for superseding Washington by General Horatio Gates, who in October 1777 succeeded in forcing Burgoyne to capitulate at Saratoga, and who had been persistent in his depreciation of the commander-in-chief and in intrigues with members of Congress.
Before its dissolution the Assembly had authorized the creation of 1 800 o00 000 livres of assignats and The g the depreciation of its paper had begun.
Depreciation of the fathers was characteristic, not of the Anglican reformation, but of the 1 The editio princeps of Niceta's works was published by Dr A.
Moreover, all securities underwent such sharp depreciation that, on the one hand, the government hesitated to hand over the bonds representing the purchase-price of the railways, lest such an addition to the volume of stocks should cause further depreciation, and, on the other, the former owners of the nationalized lines found the character of their bargain greatly changed.
per Board-ofTrade unit, with interest and depreciation at 6%, may amount to £10 per customer; and (3) the annual working costs for repairs and also the wages of the staff of meter men, who take the required monthly or quarterly readings.
Another defect in the evidence of coins is that, when one variety of the unit of weight was once fixed on for the coinage, there was (barring the depreciation) no departure from it, because of the need of a fixed value, and hence coins do not show the range and character of the real variations of units as do buildings, or vases, or the actual commercial weights.
The most striking feature in this work is the writer's scathing condemnation of the priesthood before, during, and after the Maccabean period, and an unsparing depreciation of the Temple services.
The very perfection and precision of this method constantly tempted the later Stoics to abuse it for the systematic depreciation of the objects analysed.
In consequence of this depreciation of the coinage and the fall in the price of silver, partly also in consequence of exchange transactions by banks, the value of the kran has since 1895 rarely been more than 4.8od., or half what it was in 1874, and fell to less than 4d.
The years' working of the whole telephone system of the Post Office showed a balance of £451,787 after payment of the working expenses, while the estimated amount required to provide for depreciation of plant and interest at 3 per cent.
Too many causes operated in favour of their depreciation: the enormous issue, the uncertainty as to their value if the Revolution should fail, the relation they bore to both specie and commodities, which retained their value and refused to be exchanged for a money of constantly diminishing purchasing power.
Thiers, Histoire de la revolution francaise, gives a full and graphic account of the assignats, the causes of their depreciation, &c.; J.
Brazil is a member of the Postal Union, and like Argentina exacts higher nominal rates of postage upon outgoing mail than those agreed upon to cover the depreciation in her own currency.
He married in 1793 Mlle Deloche, daughter of a former avocat au conseil; the young pair were greatly straitened in means in consequence of the depreciation of the assignats.
In 1902, owing to the serious depreciation of the value of silver, the Siamese mint was closed to free coinage, and an arrangement was made providing for the gradual enhancement of the value of the tical until a suitable value should be attained at which it might be fired.: This measure was successful, the value of the tical having thereby been increased from 'Id.
To quote again from Father Thurston (p. 318): " In imitation of the prodigality of her Divine Master, the Church has deliberately faced the risk of depreciation to which her treasure was exposed.
The Caps struck at once at the weak point of their opponents by ordering a budget report to be made; and it was speedily found that the whole financial system of the Hats had been based upon reckless improvidence and c prof the wilful misrepresentation, and that the only fruit of their long rule was an enormous addition to the national debt and a depreciation of the note circulation to onethird of its face value.
His first publication (1809) was The High Price of Bullion a Proof of the Depreciation of Bank Notes.
and Abd-ul-Mejid, and the second in the reign of Mahmud only, were not included in the reform; these were debased currencies bearing a nominal value, the altilik of 6, 3 and 12 piastres, the beshlik of 5 and 22 piastres, the metallik of 1, 2 and 4 piastres; they represented the last degree of an agelong monetary depreciation, the original piastre having had a value of about 5s.
In Sicily, however, Charles's government soon made itself odious by its exactions, the insolence and cruelty of the king's French officials and favourites, the depreciation of the currency, and the oppressive personal services, while the nobles were incensed at the violation of their feudal constitution.
During the following three years the government spent £s00,000 in making good the depreciation suffered by the plant in the transition years of 1868 and 1869, for which allowance had been made in the purchase price, and about £1,700,000 was expended on new plant.
This would seem to show a steady increase, but when we consider that the value of the kran in 1876 was nearly 8i~I d., and has fallen in consequence of the great depreciation of silver to only 4~ d., the total revenue really decreased from 1,950,000 in 1876 to 1,600,000 in 1907 I 908.
In 1878 depreciation had set in, and the inconvertible paper had by the close of 1881 grown to such an extent that it was then at a discount of 80% as compared with silver.
This was owing to the depreciation of the copper coir~age from 1896 onwards, consequent upon there being an excess of coinage due to the excessive quantities formerly put in circulation from the mint.
In this case, depreciation is deducted from the property's current value before the claim payout is made.
In financial matters Colombia is known abroad chiefly through repeated defaults in meeting her bonded indebtedness, and through the extraordinary depreciation of her paper currency.
The 20-piastre mejidie currency, in spite of the further enormous depreciation of silver since 1880, has scarcely varied in the Constantinople market, but has always remained at a discount of about 3% (between 108 and 109 piastres to the pound) under government rate; this is doubtless due to the fact that the demand and supply of the coins in that market are very evenly balanced.
His pension was continued by the National Assembly, and he was partially indemnified for the depreciation of the currency by remunerative appointments.
The depreciation and unstable character of the paper currency render it difficult to give a clear statement of receipts and expenditures for a term of years, the sterling equivalents often showing a decrease, through a fall in the value of the milreis, where there has been an actual increase in currency returns.
His influence, which grew during the 18th century in spite of the depreciation of Dr Johnson, has shared in the eclipse of the Queen Anne wits which began about the time of Jeffrey.
This suicidal policy continued until February 28, 1903, when, according to an official statement, the outstanding paper circulation was: - 700,598,865.30 So great was the depreciation of this currency that before the end of the war loo American gold dollars were quoted at 22,500 pesos.
This depreciation (10,000) was equivalent to a loss of 99% of the nominal value of the currency, a paper peso of loo centavos being worth only one centavo gold.
We have no similar calculation of loss for Great Britain, where wheat is not so much grown, but it is well known that there is a continual, serious depreciation of value in the crops due to parasitic fungi.
Again, the opposition between the natural world and the spiritual order into which the Christian has been born anew led not merely to a contempt equal to that of the Stoic for wealth, fame, power, and other objects of worldly pursuit, but also, for some time at least, to a comparative depreciation of the domestic and civic relations of the natural man.
Campbell (1768-1848), whose brief and disastrous term had been marked by wholesale bank suspensions, and an enormous depreciation of state and national bank notes.
To provide for the repayment from earnings of the capital invested in a mining property and expended in development, and to provide for the depreciation in value of the plant and equipment, an amortization fund must be accumulated during the life of the mine; or, if it be desired to continue the business of mining elsewhere, a similar fund must be created for the purchase, development and equipment of a new property to take the place of the original deposit when that shall be exhausted.
The Postmaster-General on the other hand agreed to provide underground wires for the company on a rental, and agreed to buy in 1911 the company's plant in London at the cost of construction less allowance for repairs and depreciation.
The heavy depreciation in silver causing large losses to the government, free coinage was suspended in 1880, and the nominal value of the mejidie was reduced by decree to 19 piastres (105.26 piastres thus = £T1), while in the same year the debased currencies were reduced, altilik, the 6-piastre piece to 5 piastres, the 3-piastre piece to 22 piastres, the 12-piastre piece to 14 piastre; beshlik, the 5-piastre piece to 22 piastres, the 22-piastre piece to 1;-piastre; metallik, the 1-piastre piece to 2 piastre, the 2-piastre piece to 4 piastre, the *-piastre piece to a piastre - these values representing approximately the intrinsic value of the silver, at mejidie standard, contained in the debased coins.
(9) On the other hand, the words of the oath taken by the clergy under the 36th of the Canons of 1604 are to the effect that they will use the form prescribed in the Prayer-Book and none other, except so far as shall be otherwise ordered by lawful authority; and the Prayer-Book does not even mention the reservation of the Eucharist, whilst the Articles mention it only in the way of depreciation.
The unit in the new issue was to be the krone, divided into loo Keller; the krone being almost of the:same value (24-25th) as the franc. (The twenty-krone piece in gold weighs 6.775 gr., the twenty-franc piece 6.453.) The gold krone was equal to 42 of the gold gulden, and it was declared equal to .5 of the silver gulden, so much allowance being made for the depreciation of silver.
Notwithstanding this, the House of Commons declared in the teeth of the facts that paper had undergone no depreciation.
accumulated Depreciation to date.
calculated in accordance with the depreciation described in the Profit and loss explanatory notes.
capital allowances substitute for depreciation, which can be claimed at a rate of 25% per year on a reducing balance basis.
depreciable asset by way of a reduced depreciation charge.
depreciation accumulated to the branches has been charged to the revenue account.
You need to show how you have calculated depreciation for each item, remember you must be consistent with the method you use.
No cover is provided for wear and tear, depreciation or repair.
The budget is based on an adjusted cash basis, which includes capital expenditure but excludes depreciation.
I prefer to let someone else run my bike in for me and suffer the most dramatic initial depreciation as well.
depreciation on assets employed providing that service.
Accelerated depreciation up to 150% for certain asset classes.
The property is listed at cost, less depreciation.
For straight line depreciation, we would normally expect your items to be depreciated over a minimum period of three years.
depreciation allowances to help provide more homes to rent.
depreciation charges over the period plus the finance charges.
Interest rates also have to be held down to secure a currency depreciation.
One of the key positive factors we see is the prospect of a dollar depreciation.
depreciation in the value of the interest of the third party.
depreciation of sterling against the Euro.
depreciation of head office assets calculated for the year has been charged to the fixed assets fund.
depreciation of 3.1 million euro, earnings before taxes (EBT) was 1.2 million euro in the first half of 2002.
depreciation of the dollar reversed the trend of the late 1990s.
depreciation of the Chinese currency has also severely lowered the standard of living.
The last major depreciation in the value of sterling came in the early-mid 1990s following sterling's departure from the exchange rate mechanism.
straight-line depreciation method.
Enormous depreciation ensued and, although penalties rising to death itself were denounced against all who should refuse to take them at par, they fell to little more than r% of their carried a decree that Marat should be sent before the Revolutionary Tribunal for incendiary writings, but his acquittal showed that a Jacobin leader was above the law.
The last major depreciation in the value of sterling came in the early-mid 1990s following sterling 's departure from the exchange rate mechanism.
Depreciation for tax purposes is calculated by systematically applying the straight-line depreciation method.
Still, an overseas acquisition spree could follow a yuan strengthening, just as it did the yen depreciation.
The IntelliChoice findings factor in financing, fuel, insurance, state taxes and license fees, repairs, maintenance and depreciation.
Leaving the camper in the backyard in the snow is a recipe for quick depreciation of the trailer.
Some calculators do not account for items such as home insurance, taxes, home depreciation, and debt to income ratio.
This means that many neighborhoods might be considered higher risk for depreciation by Cleveland mortgage lenders, and should be taken into consideration by potential buyers.
Although the answer depends largely on how big the mess is, it usually takes patience and hard work to recover from falling behind in payments or substantial depreciation in the value of the home.
An actual value insurance policy replaces the cash value of your engagement ring minus the depreciation from its use.
Certain business tax deductions are subject to depreciation.
Different categories of equipment, such as computers and furniture, have different depreciation schedules; check with the IRS to make sure.
Products and services reasonably used for business operations should qualify, though restrictions and depreciation values vary.
Different categories of equipment, such as computers and furniture, have different depreciation schedules; check with a tax professional or the IRS to be certain that you are applying this type of deduction properly.
Canadian Black Book allows you to plan for your car's depreciation over time.
So, the initial shot of depreciation occurs just because of regular market forces - what people are willing to pay for that used car which drives what that car is worth in the marketplace.
Depreciation doesn't have any allegiance to or alliance with anybody.
If you're driving that car while that's going on, your asset is on an accelerated depreciation schedule now that you have no control over.
Depreciation: Cars are not considered good investments because they actually lose value over time.
This can include the fuel economy, cost for repairing or maintaining the car, monetary depreciation of the car's value, expense involved in insuring the vehicle, and any other car-related costs.
If you opt for the more expensive "Replacement Value" option, the damaged property is replaced with no regard for depreciation.
The word usage examples above have been gathered from various sources to reflect current and historial usage. They do not represent the opinions of YourDictionary.com.