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loans

loans Sentence Examples

  • Interest was charged at very high rates for overdue loans of this.

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  • The national government has since assumed responsibility for all these provincial loans abroad.

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  • The authorized colonial loans, omitting Algeria and Tunisia, during the period 1884f 904 amounted to 19,200,000, the sums paid for interest and sinking funds on loans varying from 600,000 to 800,000 a year.

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  • "The baseball helped a lot," Randy said, "between it, a cam­pus job and some loans, I should be able to swing it.

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  • These loans are regulated by special disposition, and are guaranteed by a share of the increased value of the land after the improvements have been carried out.

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  • Besides receiving taxes, they pay the creditors of the state in their departments, conduct all operations affecting departmental loans, buy and sell government stock (rentes) on behalf of individuals, and conduct certain banking operations.

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  • Merchants (and even temples in some cases) made ordinary business loans, charging from 20 to 30%.

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  • The total number of men supplied by Cleveland to the U.S. armies in the World War was 55,000; the total amount subscribed in the Liberty and Victory Loans $437,041,300.

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  • It established that all Italian cabinets since 1880 had grossly neglected the state banks; that the two preceding cabinets had been aware of the irregularities committed by Tanlongo; that Tanlongo had heavily subsidized the press, paying as much as 20,000 for that purpose in 1888 alone; that a number of deputies, including several ex-ministers, had received from him loans of a considerable amount, which they had apparently made no effort to refund; that Giolitti had deceived the Chamber with regard to the state banks, and was open tosuspicion of having,after the arrest of Tanlongo, abstracted a number of documents from the latters papers before placing the remainder in the hands of the judicial authorities.

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  • The following table gives the net loans outstanding of the several classes of local authorities in London at the 31st of March 1908 :/n==Authorities== - Full details and figures relating to the finance of London will be found in the parliamentary papers Local Taxation Returns (England and Wales), part iv.

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  • In each of those years expenditure was greater than receipts by sums varying from £400,000 to £1,500,000 and new loans had to be contracted.

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  • Of all their numerous sources of revenue, the money furnished by Mr Hart was the only certain asset which could be offered as security for Chinese loans.

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  • These loans aggregated £27,000,000.

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  • To,the above taxes must be added the tax on Stock Exchange transactions and the tax of 4% on dividends from stocks and shares (other than state loans).

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  • This sum represents the interest payable on government loans placed outside Australia, mainly in England, and the income from British and other capital invested in the country; the former may be estimated at £7,300,000 and the latter £8,000,000 per annum.

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  • In Italy, people can apply for loans through savings banks, assurance companies and mutual benefit societies.

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  • Loans are repayable by Agrarian instalments, and are guaranteed by first mortgages not Credit greater in amount than half the value of the hypothecated flanks property.

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  • Loans on mortgage may also be granted to landowners and agricultural unions, with a view to the introduction of agricultural improvements.

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  • During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.

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  • In certain circumstances, too, the emperor reserves the right to raise fresh loans.

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  • The ordinary revenue of the empire is in excess of the ordinary expenditure, but the extraordinary expenditure not only swallows up this surplus, but necessitates the raising of fresh F loans every year.

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  • The only sources of extraordinary revenue still remaining under that head are the money derived from loans and the perpetual deposits in the Imperial Bank.

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  • They are under the control of the Post and Telegraph department, the state issuing loans to encourage the undertakings; the authorities in the provinces and communes also give support in various ways, and under various conditions, to public bodies or private persons who desire to promote or embark in the industry.

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  • The $7,000,000 saved in this manner has doubtless been more than offset by the additional interest charges on subsequent loans, due to the loss of public confidence.

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  • It may be divided into three parts: that contracted between 1848 and 1861 for the construction of roads, railways and canals; that contracted during the Civil War for other than war purposes; and that contracted during the Reconstruction era, nominally in the form of loans to railway companies.

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  • But Henry VII.'s accumulations had disappeared; parliament resisted in 1523 the imposition of new taxation; and the attempts to raise forced loans and benevolences in1526-1528created a storm of opposition.

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  • He advocated freedom of the corn trade, reduction of the number of religious communities, and deprecated regulation of the interest on loans.

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  • In the meantime they won credit by popular measures such as the abolition of forced loans and of the objectionable habit of seizing hostages from the districts of the west where the royalist ferment was still strongly working.

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  • The municipal councils had slightly larger powers, relating to loans, octrois, &c. But the chief municipal officer, the mayor, was chosen by the prefect.

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  • Revenues were not realized adequate to its lavish undertakings, and loans were used to meet current expenses.

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  • The city's contribution to the Liberty and Victory loans was $625,429,600, to the Red Cross 810,194,765, and to the seven relief agencies $13,909,000, making a total of $649,533,365.

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  • Of the three Liberty Loans, St.

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  • Coin was scarce, loans were not taken up, taxes had ceased to be productive, and the country was threatened with imminent bankruptcy.

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  • Lotteries which were an important source of revenue under Spain were abolished under the Republic. The debt resting on the colony in 1895 (a large part of it as a result of the war of 1868-1878, the entire cost of which was laid upon the island, but a part as the result of Spain's war adventures in Mexico and San Domingo, home loans, &c.) was officially stated at $168,500,000.

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  • Then came forced loans and debased currency (1788), producing still more acute distress until, in 1791, at the close of the two years' war with Russia, in which the disaster which attended Ottoman arms may be largely ascribed to the penury of the Ottoman treasury, Selim III., the first of the " reforming sultans, " attempted, with but little practical success, to introduce radical reforms into the administrative organization of his empire.

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  • The expenditure of the first category was made up of the service of foreign loans, of the general debt, of the dotations replacing ziamet and timarat (military fiefs) and of fixed contributions such as vakufs.

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  • (2) By means of loans, both public and from individuals.

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  • With the two previous loans above mentioned, £T5,50o,000 capital liabilities were paid off, the work of reorganization had made considerable progress, and £T2,000,000 remained in hand at the beginning of1910-1911to continue it.

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  • For purposes of sinking fund the old loans were combined into four groups: group i.

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  • containing the 1858 and 1862 loans, with a reduced nominal capital of £T7,902,259; group ii.

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  • the 1860, 1863, 1864 and 1872 loans, with a reduced nominal capital of £T11,265,153; group iii.

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  • the 1865, 1869 and 1873 loans, with a reduced nominal capital of £T33,915,762, and group iv.

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  • Table B shows the total indebtedness of the Ottoman Empire, exclusive of tribute loans.

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  • The capital in circulation for these loans, established on the 1st of March 1326 (1910), is approximate.

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  • He immediately addressed himself to the task of improving the financial position of the country, carried out the conversion of the State loans, and succeeded, for the first time in the history of the Hungarian budget, in avoiding a deficit.

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  • At the same time the government carried out the forced conversion of the national loans into lower interestbearing issues, which greatly reduced the annual interest charges.

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  • The result of these measures was a large addition to the public debt, which on 31st December 1906 was approximately as follows (apolices being the name given to bonds inscribed to the holder): - External debt: Loans of 1883, 1888 and 1889 Oestede Minas R.

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  • A fruitful cause of disaster has been the practice of issuing agricultural and industrial loans under government authorization.

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  • The aggregate of these debts in 1904 was £20,199,440, and the several loans made during the next two years, including those of the municipalities of Rio de Janeiro, Santos, Bahia and Manaos, add fully two and a half millions more to the total.

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  • Large deficits in the financial budgets of the state resulted, involving increased taxation and the contracting of loans from foreign countries.

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  • The majority of these services are, since 1910, managed by the Union Government, but the provincial council has power to levy direct taxation, and (with the consent of the Union Government) to raise loans for purely provincial purposes.

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  • The principal facilities granted by the state are, exemption of taxation for a determined period of years, reduced railway fares for the goods manufactured, placing of government contracts, the grant of subsidies and loans and the foundation of industrial schools for the training of engineers and of skilled workmen.

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  • The national credit was so seriously impaired abroad that foreign loans could only be obtained at ruinous rates of interest.

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  • 1 In addition to the £35,000,000 guaranteed loan of1903-1904two small loans for land settlement and public works, together amounting to £254,800, were issued, and in 1907 an imperial guarantee was given for the raising of another loan, of £5,000,000, by the colonial government.

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  • In the five years1902-1907the average annual receipts and expenditure amounted to £4,500,000, exclusive of the sums received and expended on account of the loans mentioned.

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  • The public debt of Venezuela dates back to the War of Independence, when loans were raised in Europe for account of the united colonies of Colombia, Ecuador and Venezuela.

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  • In August 1904 these loans and arrears of interest brought the foreign debt up to £5,618,725, which in 1905 was converted into a " diplomatic " debt of £5,229,700 (3%).

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  • Metropolitan borough councils have to obtain the sanction of the Local Government Board to loans for baths, washhouses, public libraries, sanitary conveniences and certain other purposes under the Public Health Acts; for cemeteries the sanction of the Treasury is required, and for all other purposes that of the London County Council; poor law authorities, the metropolitan asylums board, the metropolitan water board and the central (unemployed) body require the sanction of the Local Government Board the receiver for the metropolitan police district that of the Home Office, and the London County Council that of parliament and the Treasury.

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  • The abandonment of the trading monopolies of the old Congo Free State, and the taking over of its loans put a severe strain on the resources of the colony.

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  • The old systems of raising revenue no longer corresponded to the needs of the republic, and as early as 1336 the various loans made to the state were consolidated into one national debt (monte).

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  • Subsequently all extraordinary refo Fiscalr expenditure was met by forced loans (prestanze), but the (1427),ms method of distribution aroused discontent among the lower classes, and in 1427 a general catasto or assessment of all the wealth of the citizens was formed, and measures were devised to distribute the obligations according to each man's capacity, sò as to avoid pressing too hardly on the poor.

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  • His foreign policy, which was magnificent but expensive, rendered further forced loans necessary, and he also laid hands on the Monte delle Doti, an insurance institution to provide dowries for girls.

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  • The system of forced loans was abolished and a 1 o% tax on real property introduced in its stead, and a law of amnesty for political offenders enacted.

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  • At the end of the war, these loans, and sums owing to Chile and Colombia, raised the foreign debt to £4,000,000.

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  • In 1848 the two London loans and accumulated interest were covered by a new loan of £3,736,400, and the home debt was partially liquidated, the sale of guano giving the treasury ample resources.

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  • Lavish expenditure followed and the government was soon anticipating its revenues by obtaining advances from guano consignees, usually on unfavourable terms, and then floating loans.

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  • Then followed the ambitious schemes of President Balta, which with the loans of 5870 and 1872 raised the total foreign debt to £49,000,000, on which the annual interest charge was about £ 2, 5 ©0, 000, a sum wholly beyond the resources of the treasury.

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  • The government being unable to repay its loans from the banks compelled the latter to suspend the conversion of their notes, which began to depreciate in value.

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  • S' 3' S' p called voluntary loans was abolished, and replaced by a tax of ro% (la decima) on all real property.

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  • The gross earnings of all the lines during the fiscal year I 9051906 were 7 millions sterling, approximately, and the gross expenses (including the payment of interest on loans and debentures) were under 31/8 millions, so that there remained a net profit of 31/8 millions, being at the rate of a little over 81/8% on the invested capital.

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  • But from the beginning of that year, a period of extreme commercial and financial depression set in, and the treasury had to postpone all recourse to loans for whatever purpose, so that railway progress was completely checked in the field alike of the original and the acquired state lines.

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  • In these circumstances the government decided to tak~ a strong step, namely, to place the whole of the railways owned ~y itthe original state lines as well as those nationalizedin an account independent of the regular budget, and to devote their entire profits to works of extension and improvement, supplementing the amount with loans from the treasury when necessary.

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  • The value of the assets of the spiritual work in the United Kingdom increased from £558,992 in 1891 to £1,357,706 in 1909, the liabilities on account of loans upon mortgage and otherwise amounting at the latter date to £662,235.

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  • The extremity of his financial straits reduced him soon afterwards to handing over his only son Philip to merchants as a pledge for loans of money.

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  • From 13,000,000 to 17,000,000 francs is the annual amount of the state budget, and the debt, consisting of loans contracted principally for the construction of railways, of which there are about 350 m., is 12,000,000 francs.

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  • New loans were made during the Civil War, but they were repudiated by the constitution of 1866, and were made void by the Fourteenth Amendment to the Federal constitution.

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  • Of the vessels to be sent to Paris with American cargoes which were to be sold for the liquidation of French loans to the colonies made through Beaumarchais, few arrived; those that did come did not cover Beaumarchais's advances, and hardly a vessel came from America without word of fresh drafts on Franklin.

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  • In spite of the poor condition in Europe of the credit of the struggling colonies, and of the fact that France was almost bankrupt (and in the later years was at war), and although Necker strenuously resisted the making of any loans to the colonies, France, largely because of Franklin's appeals, expended, by loan or gift to the colonies, or in sustenance of the French arms in America, a sum estimated at $60,000,000.

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  • Its business is now limited to the issue of small loans on personal property - the aggregate sometimes reaching nearly £5¦,000 a month.

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  • Meanwhile the misery of the country was increased by the reckless raising of loans by the nizam's government and the pledging of the revenues to a succession of great farmers-general.

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  • The money has chiefly been spent on railways, telegraphs, roads, bridges, land purchase from the native tribes and private estate owners, on loans to settlers and on native wars.

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  • Undoubtedly also commercial confidence was restored by the reconstruction in 1895 of the Bank of New Zealand, and activity has been stimulated by large public loans, while more cautious banking and the systems of taxation and rating on land values, adopted in 1891 and 1896, have done something to check land speculation.

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  • that derived from customs and railways, is now paid to the Union government, but the provincial council has power to levy taxes and (with the consent of the Union ministry) to raise loans for strictly provincial purposes.

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  • Hungary, on the other hand, striving for access to the money markets of the West, desired that the obligation of the Austro-Hungarian Bank to cash its notes should be explicitly mentioned in the law, in order to make the public loans rank as easily negotiable securities on foreign bourses.

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  • One obvious sign of a crisis was the demand for loans against security from the Austro-Hungarian Bank, which was the result of the unfavourable position of investments on the bourse.

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  • In each of the five years, ending Dec. 31, from 1909 to 1913 the loans granted by the Austro-Hungarian Bank against securities amounted to 90, 149, 187, 355 and 311 millions of kronen successively.

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  • It had loans on security outstanding to the amount of 186 millions, and the bank-notes in circulation amounted to 2,130 millions of kronen.

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  • In this manner the bank was converted into an institution which could supply the Government, by fresh issues of notes, with loans to an unlimited extent.

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  • The costs of the war were in the first place met by loans and the assistance of the noteprinting press.

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  • The debt of the Austrian State to the Austro-Hungarian Bank in direct loans made by the bank to the State amounted at the end of 1919 to 25,088 millions of kronen.

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  • The home money market was approached by the Government through the issue of war loans.

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  • The total number of such war loans was eight.

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  • 10 Mexican loans are more remarkable.

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  • The large loans raised in Europe, the first instalment of which Byron had himself brought over, while providing the Greeks with the sinews of war, provided seco n d civil w them also with fresh material for strife.

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  • The Greeks, who had been squandering the money provided by the loans in every sort of senseless extravagance, affected to despise the Egyptian invaders, but they n h l`n were soon undeceived.

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  • In 1879 an estimate made of all Federal war expenses up to that date, including pension charges, interest on loans, &c., showed a total of $6,190,000,000 (Dewey, Financial History of the United States).

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  • By a law of the 19th of December 1900, Algeria was constituted a legal personality, with power to own goods, contract loans, &c., and a decree of 1901 placed the customs department, until then directed from Paris, under the control of the governor-general, whose hands were also strengthened in various minor matters.

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  • He corresponds directly with the other Barbary states; draws up the budget, and contracts loans on behalf of the colony.

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  • In what are commonly called loans of money, it is not really the money, but the money's worth, that the borrower wants; and the lender really assigns to him the right to a certain portion of the annual produce of the land and labour of the country, As the general capital of a country increases, so also does the particular portion of it from which the possessors wish to derive a revenue without being at the trouble of employing it themselves, and, as the quantity of stock thus available for loans is augmented, the interest diminishes, not merely "from the general causes which make the market price of things commonly diminish as their quantity increases," but because, with the increase of capital, "it becomes gradually more and more difficult to find within the country a profitable method of employing any new capital" - whence arises a competition between different capitals, and a lowering of profits, which must diminish the price which can be paid for the use of capital, or in other words the rate of interest.

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  • The foreign debt dates from 1825, when £10,000,000 were borrowed in London through two loans.

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  • Further loans have considerably increased the debt since then, but it is still within the normal resources of the country.

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  • Other loans and obligations contracted during periods of disorder were afterwards consolidated under this type, and later on unpaid railway subsidies were also included.

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  • Savings banks pay to the state treasurer a tax of three-fourths of 1% upon the amount of deposits on which they pay interest; building and loan associations pay to him a tax of three-fourths of 1% upon the whole amount of their capital stock paid in or shares in force, less the value of their real estate and loans secured by mortgages on real estate situated within the state and bearing interest not exceeding 5%; and fire insurance companies pay to the same officer a tax of I% upon the amount of their paid-up capital.

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  • When compelled to find means for financing the war in South Africa, he insisted on combining the raising of loans with the imposition of fresh taxation; and besides raising the income-tax each year, up to is.

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  • According to the official statement, the gold debt, which runs chiefly at 4% and is held in Germany and England, amounted to £1,987,905 on the 1st of January 1905; the currency debt (note issues, internal loans, &c.) amounted to £704,730; total £2,692,635, a decrease since 1900 of about £300,000.

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  • Thus, in the period 1791 to 1811 their ratio to total government expenditure ranged from 41.6 to 189.6%; during the years 1812-1817, from 17.2 in 1814, when war finances reached their weakest point, to 131 ~4% in 1817, showing how rapid was their response under the return of peace; in the period1817-1859from 29-9% in the crisis year of 1837 to 158.9%; in the period1860-1869from 6.5% in 1865, when the governments bonds fell in price to $50.93 per hundred and the war policy of loans was most desperate, tO 84.1%; in the years 1870I 893 from 5f.4 to 85%; and, finally, in the years 1893f 909, from 36.9% (in 1898) to 52.7%.

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  • Whereas in 1867 the rate of interest was over 4%, and interest was being paid on former provincial loans of over 6%, Canada could in 1906 borrow at 3%.

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  • Finally it became a fief of the dukes of Schleswig-Holstein, though often hypothecated for loans advanced to these princes by the free city of Hamburg.

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  • By the Constitution the tax rate is limited to $5 on the thousand, and, as the rate of taxation has increased faster than the taxable property, the state has been forced to contract several temporary loans since 1901, none of which has exceeded $200,000, the limit for each year set by the Constitution.

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  • At first he attempted to develop the latter, and to carry on the government by means of loans in such a way as to maintain public confidence in its solvency.

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  • Special surtaxes are levied on imports to meet the interest and redemption charges on the loans raised for the execution of these important works.

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  • In France, again, the Code fixes the rate of interest on ordinary loans at 5%, and on commercial transactions at 6%.

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  • If any such circular or document sent to an infant purports to issue from any address named therein or indicates any address as the place at which application is to be made with reference to the subject matter of the document, and at that place there is carried on any business connected with loans, every person who attends such place for the purpose of taking part in or assisting in the carrying on of such business will be deemed to have sent or caused to be sent such circular or document, unless he proves that he was not in any way a party to and was wholly ignorant of the sending of such document.

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  • More than half a million has been advanced in loans and of this nothing has been lost.

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  • About two thousand chapels have been assisted with grants and loans.

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  • of Rome to cultivate their lands in a more productive way than has often hitherto been the case, exemption from taxes for ten years and loans at 21% from the government being granted to those who carry on improvements, and those who refuse being expropriated compulsorily.

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  • The rate of interest on all the loans extant is 3%, except on one loan of 219,959,632 francs, which pays only 21%.

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  • Meanwhile, in spite of the matricular contributions, the calls on imperial finance had steadily increased, and up to 1908 were continually met to a large extent by loans, involving a continual growth of the imperial debt, which in 1907 amounted to 3643 millions of marks.

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  • The result was a constitutional dead-lock; for the diet refused to sanction loans until its representative character was recognized; and the king refused to allow to come between Almighty God in heaven and this land a blotted parchment, to rule us with paragraphs, and to replace the ancient, sacred bond of loyalty.

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  • Loans were needed for military and other purposes, and paragraph 14 itself declares that it cannot be employed for the contraction of any lasting burden upon the exchequer, nor for any sale of state patrimony.

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  • The rest was credited to: loans 31,713,000, floating debt 18,243,000.

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  • The cash which reached the Egyptian treasury from the loans and floating debt was far less than the nominal amount of such loans, none of which cost the Egyptian government less than 12% per annum.

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  • The whole proceeds of the loans and floating debt had been absorbed in payment of interest and sinking funds, with the exception of 16,000,000 debited to the Suez Canal.

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  • Soon after Mr Caves report appeared (March 1876), default took place on several of the loans.

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  • For the purposes of the new settlement the loans raised by Ismail on his private estates, those known as the Daira (i.e.

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  • administrations) and Domains loans, were brought into account.

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  • By the Law of Liquidation the floating debt was paid off, the whole debt being consolidated into four large loans, upon which the rate of interest was reduced to a figure which it was considered Egypt was able to bear.

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  • These charges included the services of the Privileged and Unified debts, the tribute to Turkey and the interest on the Suez Canal shares held by Great Britain, but excluded the interest on the Daira and Domains loans, expected to be defrayed by the revenues from the estates on which those loans were secured.

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  • sufficient for the payment of interest and the sinking fund was in full operation, the government found that their share of the revenue was altogether inadequate for the expenses of administration, and they were compelled to borrow on short loans at high rate of interest.

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  • The right to raise loans had been granted to the khedive Ismail in 1873, but was taken away in 1879 by the firman appointing Tewfik khedive.

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  • Besides the Caisse there was the Railway Board, which administered the railways, telegraphs and port of Alexandria for the benefit of the bondholders, and the DaIra and Domains commissions, which administered the estates mortgaged to the holders of those loans.

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  • In June 1890 the assent of the powers was obtained to th conversion of the Preference (Privileged), Domains and Daira loans on the following conditions, imposed at the initiative of the French government:

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  • Further, an engagement was entered into that there should be no reimbursement of the loans till 905 for the Preference and Daira, and 1908 for the Domains.

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  • of Egypt to tax foreigners without their consent nor remove the right of Turkey to veto the issue of new loans, but in other respects the financial changes made by it were of a radical character.

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  • The bondholders gained a further material advantage by the consent of the Egyptian government to delay the conversion of the loans, which under previous arrangements they would have been free to do in 1905.

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  • This new fund started with a capital of 13,376,000 and was replenished by the surpluses of subsequent years, by the interest earned by its temporary investment, and by the sums accruing by the liquidation of the Daira and Domains loans.

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  • Probably a certain amount of cultivation was possible all the year round, and there was perhaps a succession of harvests; but there was a pause after the main harvests were gathered in by the end of April, and from then till June was the period in which taxes were collected and loans were repaid.

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  • From the time of the XXVth Dynasty there is a great increase in written documents of a legal character, sales, loans, &c., apparently due to a change in law and custom; but after the reign of Darius I.

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  • In 1875 the 1ea~jflgto impoverishment of the fellah had reached such a ~he depoint that the ordinary resources of the country no Pofo~.kmo:I, longer sufficed for the most urgent necessities of administration; and the khedive Ismail, having repeatedly broken faith with his creditors, could not raise any more loans on the European market.

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  • An annual sum is voted by parliament out of which loans are granted to cottagers who desire to purchase small freehold plots.

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  • There exist, besides, in Denmark several mutual loan associations (Kreditforeninger), whose business is the granting of loans on mortgage.

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  • 6; (5) cases arising out of deposits, loans, seduction, xxii.

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  • In other respects, too, the United States departed from its old individualistic tendencies, as in instituting the draft, regulating food, raising huge loans, observing meatless days and sending an army of 2,000,000 to fight in Europe.

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  • There was also the sort of unofficial censorship, undefined by law but real, which communities exercised against those who had been pro-German or who were now less ready than their neighbours thought fitting to subscribe for loans and the Red Cross, and to observe food regulations.

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  • Besides pressing loans upon both Thomas and John Carlyle, he offered to settle an annuity of £loo upon Thomas, and finally enabled John to support himself by recommending him to a medical position.'

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  • When it met in 1523 it refused Wolsey's demands, and forced loans were the result which increased the cardinal's unpopularity.

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  • He was successful in floating four Liberty Loans between May 1917 and Oct.

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  • The necessary calling in of their loans in order to meet the drafts in favour of the states, combining with the breach of the overstrained credit between America and Europe and the decline in the price of cotton, brought about a crash which prostrated the whole financial, industrial and commercial system of the country for six or seven years.

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  • In his reign was begun the reckless system of foreign loans, carried to excess in the ensuing reign, and culminating in default, which led to the alienation of European sympathy from Turkey and, indirectly, to the dethronement and death of Abd-ul-Aziz.

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  • She was made assistant in ethnology at the Peabody Museum in 1882, and received the Thaw fellowship in 1891; was president of the Anthropological Society of Washington and of the American Folk-Lore Society, and vice-president of the American Association for the Advancement of Science; and, working through the Woman's National Indian Association, introduced a system of making small loans to Indians, wherewith they might buy land and houses.

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  • In 58 B.C. Rome, which had made large unsecured loans to Ptolemy Auletes, sent M.

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  • Some of the public loans were totally repudiated, and from others a percentage was cut off, which varied, at first according to his own decision, and afterwards according to that of the council which he established to examine all claims against the state.

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  • Thus it came about that, only a few years after he had commenced to free the country from the weight of the loans and taxes which crushed her to the dust, Colbert was forced to heap upon her a new load of loans and taxes more heavy than the last.

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  • This measure alone would, however, have been of little service had he not at the same time enacted that henceforth no loans could be made on the bodily security of the debtor, and the creditor was confined to a share of the property.

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  • Justinian made the accumulation of arrears (anatocismus) illegal, and fixed the rate at 6%, except for mercantile loans, in which the rate received was 8%.

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  • The Iron Institute (Jdrnkontoret) was established in 1748 as a financial institution, in which the chief iron-mining companies have shares, for the advancement of advantageous loans and the promotion of the industry generally.

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  • The ordinary and extraordinary receipts and expenditures for the five years 1899-1903, in gold and currency, in pesos of 18d., were as follows: - For 1906 the expenditures were fixed at 149,000,000 pesos, and the revenues were estimated to produce 149,100,000 pesos, which included 62,200,000 pesos gold from nitrate taxes, 39,800,000 pesos gold and 200,000 pesos paper from import duties, 23,500,000 pesos paper from the state railways, 2,500,000 pesos paper from postal and telegraph receipts, and 15,000,000 pesos gold from loans.

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  • The custom of dividing receipts and expenditures into ordinary and extraordinary, of treating the receipts from loans as revenue, of adding six months to the fiscal year for closing up accounts, and of dividing receipts and expenditures into separate gold and currency accounts, leads to much confusion and complication in the returns, and is the cause of unavoidable discrepancies and contradictions.

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  • In May 1906 the external debt of the republic aggregated £ 21,700,000, including the loans of 1905 and 1906, amounting to £ 5,700,000, for sanitary works and railway construction.

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  • Like Brazil, Chile has been careful to preserve her foreign credit, and though an average indebtedness of about Do per capita may seem large for a nation with so much absolute poverty among its people, the government is finding no difficulty in negotiating new loans, the mineral resources of the country and the conservative instincts of the people being considered satisfactory guarantees.

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  • The government continued to be animated by a progressive spirit: schools, railways, telegraphs were rapidly extended; a steamship mail service to Europe was subsidized, and the stability of the government enabled it to raise new foreign loans in order to extinguish the old high interest-bearing loans and to meet the expenses of public works.

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  • Its sanction is required for all territorial changes, for the alienation of state property, for the granting of concessions, for the contracting of loans, for the construction of roads and railways, for the ratification of treaties, &c. There was to be a senate of 60 members of whom 3d were to be appointed to represent the shah and 30 to be elected on behalf of the national council, 15 of each class being from Teheran and 15 from the provinces (the senate, however, was not immediately formed).

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  • Until 1888 the yearly expenditure was less than the yearly income, but subsequently the revenues were not sufficient to cover the expenditure, and many payments fell in arrear in spite of emptying the treasury of its reserve and contracting numerous loans.

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  • When the contract for the new loan was concluded, the liabilities of the Persian government for the balance of the 1892 loan (about 435,000), temporary loans from various banks, arrears of pays and salaries, and other debts, amounted to over 1,500,000, SO that not much margin was left.

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  • After confining its operations for some years to ordinary pawnbroking, without profits, it obtained the aid of the Russian State Bank, acquired large premises in Teheran, made advances to the Persian government (since 1898), and in January 1900 and March 1902 financed the loans of 2,400,000 and 1,000,000 to Persia.

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  • Its chief provisions, in regard to Persia, are as follows: (I) north of a line drawn from Kasr-iShirin, Isfahan, Yezd and Kakh to the junction of the Russian, Persian and Afghan frontiers Great Britain undertook to seek no political or commercial concession, and to refrain from opposing the acquisition of any such concession by Russia or Russian subjects; (2) Russia gave to Great Britain a like undertaking in respect of the territory south of a line extending from the Afghan frontier to Gazik, Birjend, Kerman and Bander Abbasi; (3) the territory between the lines above-mentioned was to be regarded as a neutral zone in which either country might obtain concessions; (4) all existing concessions in any part of Persia were to be respected; (5) should Persia fail to meet its liabilities in respect of loans contracted, before the signature of the Convention, with the Persian Banque dEscompte and de Prts, or with the Imperial Bank of Persia, Great Britain and Russia reserved the right to assume control over the Persian revenues payable within their respective spheres of influence.

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  • In this besides giving an historical account (founded on Dr Robert Hamilton's valuable work On the National Debt, 1813, 3rd ed., 1818) of the several successive forms of the sinking fund, he urges that nations should defray their expenses, whether ordinary or extraordinary, at the time when they are incurred, instead of providing for them by loans.

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  • The practice of meeting deficits by loans, together with the great expenditure, after 1853, on public works, especially roads and railways, explains the rapid growth of the national debt in modern times.

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  • On taking office, he was confronted with a deficit in the revenue, which he successfully cleared off by effecting a conversion of a greater part of the state loans.

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  • the whole burden fell on Winterthur, which struggled valiantly to meet its liabilities, and was helped by large loans from the cantonal and federal governments.

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  • The loans authorized may be raised by debentures or annuity certificates under these acts, or by the issue of county stock, and in some cases by mortgage.

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  • The sums borrowed must not exceed, with the outstanding loans, the amount of the assessable value for two years of the district for which the money is borrowed; and if the sum borrowed would, with the outstanding loans, exceed the assessable value for one year, the sanction of the Local Government Board may not be given except after local inquiry.

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  • Annaeus Seneca, who combined the parts of a moralist and a money-lender, had abruptly recalled large loans made from his private wealth to British chiefs.

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  • Vigorous protests by the private trading companies were also made against this violation of the freedom of trade secured by the Berlin Act, and eventually 1 For an account of the loans and liabilities of the state see II.

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  • Funds for the administration were also obtained by loans.

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  • 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.

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  • 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.

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  • Expenses which ought to have been defrayed out of the ordinary budget, such as the erection of magnificent public offices at Bucharest, were frequently defrayed out of the loans; and the custom had arisen when money was scarce of issuing treasury bonds.

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  • The government managed to extricate itself from its immediate difficulties in the autumn of 1899, by raising a loan of £7,000,000 in Berlin, but on very stringent terms. Besides paying a much higher rate of interest than heretofore, it bound itself not to contract any further loans until this one was paid.

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  • Revenue, Debt, &c. - The following table shows the total receipts (including loans) and payments (including that under Loan Acts) of the colony in various financial years, from 1880 to 1905: - The colony had a public debt of £42,109,561 on the 31st of December 1905, including sums raised for corporate bodies, harbour boards, &c., but guaranteed in the general revenue.

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  • The greater part of the loans were issued at 3 2 or 4% interest.

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  • Nearly the whole of the loans raised have been spent on railways, harbours, irrigation and other public works.

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  • When Dr Jameson assumed office he found an empty treasury, and considerable temporary loans had to be raised.

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  • This he did principally by means of two great loans, and by immense increases of taxation.

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  • had obtained funds by resorting to forced loans, a practice which was probably not unusual in earlier times.

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  • Elizabeth took loans which were often repaid; and in 1614 James I.

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  • Revenue is derived chiefly from a poll-tax on natives of £I per annum, concession rents, royalties and customs. For the period1904-1909the revenue - apart from loans - was about £40,000 a year, the normal expenditure being approximately the same amount.

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  • He made huge forced loans, and employed recklessly the abuse of purveyance.

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  • Charles was willing to surrender his claims to billet soldiers by force, to order the execution of martial law in time of peace, and to exact forced loans, benevolences, or any kind of taxation, without consent of parliament; but he protested against the demand that he should surrender the right to imprison without showing cause.

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  • Even among his friends in youth (Sir Edward Lytton Bulwer, for example), and not improbably among the city men who wagered their p Y g Y g money in irrecoverable loans to him on the chance of his success, there may have been some who compassed the thought of Benjamin Disraeli as prime minister and peer; but at no time could any fancy have imagined him remembered so enduringly as Lord Beaconsfield has been.

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  • The first public loans were made in 1881 by French banks at 714 for 5% bonds, and the expenditure had to be immediately increased to £1,240,000.

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  • To pay regularly the interest on the loans the government of King Milan had to undertake the unpopular task of reforming the entire financial system of the country and of increasing the taxation.

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  • Deficits appeared, which had to be covered temporarily by new loans, and which forced the government to establish monopolies on salt, tobacco, matches, mineral oils, &c. Every such step increased the unpopularity of the government and strengthened the opposition.

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  • His loans from Chaldaean experts appear, indeed, to have been numerous; but were doubtless independently verified.

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  • With the assistance of Austria-Hungary and Great Britain he negotiated large foreign loans which enabled him to develop the military strength of Bulgaria.

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  • The total authorized capital of all Irish railways, exclusive of light railways, at the end of 1905 was £42,881,201, and the paid-up capital, including loans and debenture stock, amounted to £37,238,888.

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  • Under this act between 1885 and 1902, when further proceedings were suspended, the number of loans issued was 2 5,3 6 7 (4221 in Leinster; 5204 in Munster; 12,954 in Ulster, and 2988 in Connaught) and the amount was £9,99 2, 53 6.

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  • Between August 1891 and April 1906, the number of loans issued under the acts of 1891 and 1896 was 40,395 (7838 in Leinster; 7512 in Munster; 14,955 in Ulster, and 10,090 in Connaught) and the amount was £11,573,952.

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  • from 1857 to 1860, the money spent on the works of improvement, amounting to about i 50,000, was advanced as a loan by the then territorial power, Turkey; but in 1860 the commission began to levy taxes on vessels frequenting the river, and since then has repaid its debt to the Turkish government, as well as various loans for short periods, and a larger one of 120,000 guaranteed by the powers, and raised in 1868, mainly through the energy of the British commissioner, Sir John Stokes.

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  • Perquisites, offices, frced loans were multiplied to such a point that a critic of the times, Guy Patin, facetiously declared that duties were to be exacted from the beggars basking in the sun.

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  • In order to cover this recourse was had as usual, not to remedies, but to palliatives worse than the evil: heavy usurious loans, debasement of the coinage, creation of stocks that were perpetually being converted, and ridiculous charges which the bourgeois, sickened with officialdom, would endure no longer.

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  • Finance was in a deplorable state, and as controller-general he formulated a new fiscal policy, consisting of neither fresh taxation nor loans,but of retrenchment.

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  • His unbridled prodigality, by spreading a belief in unlimited resources, augmented the confidence necessary for the success of perpetual CniOIlflC, loans; until the day came when, having exhausted the 1787.

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  • Some of the most valuable suggestions about such matters as land settlement, agricultural loans, &c., emanated from officers who a short time before were performing purely military duties.

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  • Both partners became very rich by loans to the treasury and speculations in grain.

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  • His popularity vanished when his only idea was to ask the assembly for new loans, and in September 1790 he resigned his office, unregretted by a single Frenchman.

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  • The outstanding loans of municipalities amount to £697.133, of which the greater portion is represented by the indebtedness of the two chief cities, Hobart and Launceston.

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  • on the capital expenditure; and as the average interest upon outstanding loans is 3.73 per cent., the railways are carried on at a loss of 1.9 per cent.

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    0
    0
  • But by the early 1980s it was clear that the assumptions on which loans were based were hopelessly unrealistic.

    0
    0
  • But a bad credit tenant loan is usually unsecured loans so there is normally increased risk for lenders.

    0
    0
  • unsecured Loans: Loans granted on the basis of your personal credit history, without security.

    0
    0
  • usurious loans.

    0
    0
  • The Bible condemns usury - the payment of interest on loans.

    0
    0
  • Of all their numerous sources of revenue, the money furnished by Mr Hart was the only certain asset which could be offered as security for Chinese loans.

    0
    0
  • The pressing demands of the military chest had to be satisfied by loans, and in at least one case from the private purse of the governor-general.

    0
    0
  • During the decade 1881-1890 great sums of European capital were invested in railways and other undertakings, encouraged by the grant of interest guarantees and by state mortgage bank loans in the form of cedulas, nominally secured on landed property.

    0
    0
  • According to a compilation of statistical returns published by Dr Francisco Latzina in 1901, the national revenues and expenditures for the 37 years from 1864 to 1900, inclusive, reduced to a common standard, show a total deficit for that period of $408,260,795 gold, which has been met by external and internal loans, and by a The bane of Argentine finance has been the extravagant and unscrupulous use of national credit for the promotion of schemes calculated to benefit individuals rather than the public. The large increase in military expenditures during the disputes with Chile also proved a heavy burden, and in the continued strife with Brazil for naval superiority this burden could not fail to be increased greatly.

    0
    0
  • These loans aggregated £27,000,000.

    0
    0
  • The national government has since assumed responsibility for all these provincial loans abroad.

    0
    0
  • Besides receiving taxes, they pay the creditors of the state in their departments, conduct all operations affecting departmental loans, buy and sell government stock (rentes) on behalf of individuals, and conduct certain banking operations.

    0
    0
  • To,the above taxes must be added the tax on Stock Exchange transactions and the tax of 4% on dividends from stocks and shares (other than state loans).

    0
    0
  • The authorized colonial loans, omitting Algeria and Tunisia, during the period 1884f 904 amounted to 19,200,000, the sums paid for interest and sinking funds on loans varying from 600,000 to 800,000 a year.

    0
    0
  • This sum represents the interest payable on government loans placed outside Australia, mainly in England, and the income from British and other capital invested in the country; the former may be estimated at £7,300,000 and the latter £8,000,000 per annum.

    0
    0
  • By two other measures of Gabinius loans of money to foreign ambassadors in Rome were made non-actionable (as a check on the corruption of the senate) and the senate was ordered to give audience to foreign envoys on certain fixed days (1st of Feb.-1st of March).

    0
    0
  • Interest was charged at very high rates for overdue loans of this.

    0
    0
  • Merchants (and even temples in some cases) made ordinary business loans, charging from 20 to 30%.

    0
    0
  • These loans are made on personal security, but the members of the bank do not contribute any quota of the capital, though their liability is unlimited in case of loss.

    0
    0
  • Loans are repayable by Agrarian instalments, and are guaranteed by first mortgages not Credit greater in amount than half the value of the hypothecated flanks property.

    0
    0
  • Loans on mortgage may also be granted to landowners and agricultural unions, with a view to the introduction of agricultural improvements.

    0
    0
  • These loans are regulated by special disposition, and are guaranteed by a share of the increased value of the land after the improvements have been carried out.

    0
    0
  • During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.

    0
    0
  • An optional conversion of sundry internal loans into consolidated stock at a lower rate of interest was calculated to effect considerable saving.

    0
    0
  • It established that all Italian cabinets since 1880 had grossly neglected the state banks; that the two preceding cabinets had been aware of the irregularities committed by Tanlongo; that Tanlongo had heavily subsidized the press, paying as much as 20,000 for that purpose in 1888 alone; that a number of deputies, including several ex-ministers, had received from him loans of a considerable amount, which they had apparently made no effort to refund; that Giolitti had deceived the Chamber with regard to the state banks, and was open tosuspicion of having,after the arrest of Tanlongo, abstracted a number of documents from the latters papers before placing the remainder in the hands of the judicial authorities.

    0
    0
  • In certain circumstances, too, the emperor reserves the right to raise fresh loans.

    0
    0
  • The ordinary revenue of the empire is in excess of the ordinary expenditure, but the extraordinary expenditure not only swallows up this surplus, but necessitates the raising of fresh F loans every year.

    0
    0
  • The only sources of extraordinary revenue still remaining under that head are the money derived from loans and the perpetual deposits in the Imperial Bank.

    0
    0
  • They are under the control of the Post and Telegraph department, the state issuing loans to encourage the undertakings; the authorities in the provinces and communes also give support in various ways, and under various conditions, to public bodies or private persons who desire to promote or embark in the industry.

    0
    0
  • The total number of men supplied by Cleveland to the U.S. armies in the World War was 55,000; the total amount subscribed in the Liberty and Victory Loans $437,041,300.

    0
    0
  • The $7,000,000 saved in this manner has doubtless been more than offset by the additional interest charges on subsequent loans, due to the loss of public confidence.

    0
    0
  • It may be divided into three parts: that contracted between 1848 and 1861 for the construction of roads, railways and canals; that contracted during the Civil War for other than war purposes; and that contracted during the Reconstruction era, nominally in the form of loans to railway companies.

    0
    0
  • But Henry VII.'s accumulations had disappeared; parliament resisted in 1523 the imposition of new taxation; and the attempts to raise forced loans and benevolences in1526-1528created a storm of opposition.

    0
    0
  • He advocated freedom of the corn trade, reduction of the number of religious communities, and deprecated regulation of the interest on loans.

    0
    0
  • In the meantime they won credit by popular measures such as the abolition of forced loans and of the objectionable habit of seizing hostages from the districts of the west where the royalist ferment was still strongly working.

    0
    0
  • The municipal councils had slightly larger powers, relating to loans, octrois, &c. But the chief municipal officer, the mayor, was chosen by the prefect.

    0
    0
  • Revenues were not realized adequate to its lavish undertakings, and loans were used to meet current expenses.

    0
    0
  • The city's contribution to the Liberty and Victory loans was $625,429,600, to the Red Cross 810,194,765, and to the seven relief agencies $13,909,000, making a total of $649,533,365.

    0
    0
  • Of the three Liberty Loans, St.

    0
    0
  • On the third, fourth and fifth calls for loans the St.

    0
    0
  • Coin was scarce, loans were not taken up, taxes had ceased to be productive, and the country was threatened with imminent bankruptcy.

    0
    0
  • Lotteries which were an important source of revenue under Spain were abolished under the Republic. The debt resting on the colony in 1895 (a large part of it as a result of the war of 1868-1878, the entire cost of which was laid upon the island, but a part as the result of Spain's war adventures in Mexico and San Domingo, home loans, &c.) was officially stated at $168,500,000.

    0
    0
  • Then came forced loans and debased currency (1788), producing still more acute distress until, in 1791, at the close of the two years' war with Russia, in which the disaster which attended Ottoman arms may be largely ascribed to the penury of the Ottoman treasury, Selim III., the first of the " reforming sultans, " attempted, with but little practical success, to introduce radical reforms into the administrative organization of his empire.

    0
    0
  • In 1858 a third loan was contracted in Great Britain for X 5,000,000, and thereafter foreign loans followed fast on one another in 1860, 1862, 1863, 1864, 1865, 1869, 1872, 1873 and 1875, not to mention the two Egyptian tribute loans raised on Egyptian credit in 1871 and 1877.

    0
    0
  • The expenditure of the first category was made up of the service of foreign loans, of the general debt, of the dotations replacing ziamet and timarat (military fiefs) and of fixed contributions such as vakufs.

    0
    0
  • (2) By means of loans, both public and from individuals.

    0
    0
  • With the two previous loans above mentioned, £T5,50o,000 capital liabilities were paid off, the work of reorganization had made considerable progress, and £T2,000,000 remained in hand at the beginning of1910-1911to continue it.

    0
    0
  • For purposes of sinking fund the old loans were combined into four groups: group i.

    0
    0
  • containing the 1858 and 1862 loans, with a reduced nominal capital of £T7,902,259; group ii.

    0
    0
  • the 1860, 1863, 1864 and 1872 loans, with a reduced nominal capital of £T11,265,153; group iii.

    0
    0
  • the 1865, 1869 and 1873 loans, with a reduced nominal capital of £T33,915,762, and group iv.

    0
    0
  • Table B shows the total indebtedness of the Ottoman Empire, exclusive of tribute loans.

    0
    0
  • The capital in circulation for these loans, established on the 1st of March 1326 (1910), is approximate.

    0
    0
  • Meanwhile in Turkey national bankruptcy was brought within measurable distance by the sultan's extravagance and the incompetence of his ministers; it was staved off only by loans contracted almost annually to pay the interest on their predecessors.

    0
    0
  • He immediately addressed himself to the task of improving the financial position of the country, carried out the conversion of the State loans, and succeeded, for the first time in the history of the Hungarian budget, in avoiding a deficit.

    0
    0
  • At the same time the government carried out the forced conversion of the national loans into lower interestbearing issues, which greatly reduced the annual interest charges.

    0
    0
  • The result of these measures was a large addition to the public debt, which on 31st December 1906 was approximately as follows (apolices being the name given to bonds inscribed to the holder): - External debt: Loans of 1883, 1888 and 1889 Oestede Minas R.

    0
    0
  • A fruitful cause of disaster has been the practice of issuing agricultural and industrial loans under government authorization.

    0
    0
  • The aggregate of these debts in 1904 was £20,199,440, and the several loans made during the next two years, including those of the municipalities of Rio de Janeiro, Santos, Bahia and Manaos, add fully two and a half millions more to the total.

    0
    0
  • Large deficits in the financial budgets of the state resulted, involving increased taxation and the contracting of loans from foreign countries.

    0
    0
  • The majority of these services are, since 1910, managed by the Union Government, but the provincial council has power to levy direct taxation, and (with the consent of the Union Government) to raise loans for purely provincial purposes.

    0
    0
  • The principal facilities granted by the state are, exemption of taxation for a determined period of years, reduced railway fares for the goods manufactured, placing of government contracts, the grant of subsidies and loans and the foundation of industrial schools for the training of engineers and of skilled workmen.

    0
    0
  • The national credit was so seriously impaired abroad that foreign loans could only be obtained at ruinous rates of interest.

    0
    0
  • 1 In addition to the £35,000,000 guaranteed loan of1903-1904two small loans for land settlement and public works, together amounting to £254,800, were issued, and in 1907 an imperial guarantee was given for the raising of another loan, of £5,000,000, by the colonial government.

    0
    0
  • In the five years1902-1907the average annual receipts and expenditure amounted to £4,500,000, exclusive of the sums received and expended on account of the loans mentioned.

    0
    0
  • The public debt of Venezuela dates back to the War of Independence, when loans were raised in Europe for account of the united colonies of Colombia, Ecuador and Venezuela.

    0
    0
  • In August 1904 these loans and arrears of interest brought the foreign debt up to £5,618,725, which in 1905 was converted into a " diplomatic " debt of £5,229,700 (3%).

    0
    0
  • Metropolitan borough councils have to obtain the sanction of the Local Government Board to loans for baths, washhouses, public libraries, sanitary conveniences and certain other purposes under the Public Health Acts; for cemeteries the sanction of the Treasury is required, and for all other purposes that of the London County Council; poor law authorities, the metropolitan asylums board, the metropolitan water board and the central (unemployed) body require the sanction of the Local Government Board the receiver for the metropolitan police district that of the Home Office, and the London County Council that of parliament and the Treasury.

    0
    0
  • The following table gives the net loans outstanding of the several classes of local authorities in London at the 31st of March 1908 :/n==Authorities== - Full details and figures relating to the finance of London will be found in the parliamentary papers Local Taxation Returns (England and Wales), part iv.

    0
    0
  • The abandonment of the trading monopolies of the old Congo Free State, and the taking over of its loans put a severe strain on the resources of the colony.

    0
    0
  • In each of those years expenditure was greater than receipts by sums varying from £400,000 to £1,500,000 and new loans had to be contracted.

    0
    0
  • The old systems of raising revenue no longer corresponded to the needs of the republic, and as early as 1336 the various loans made to the state were consolidated into one national debt (monte).

    0
    0
  • Subsequently all extraordinary refo Fiscalr expenditure was met by forced loans (prestanze), but the (1427),ms method of distribution aroused discontent among the lower classes, and in 1427 a general catasto or assessment of all the wealth of the citizens was formed, and measures were devised to distribute the obligations according to each man's capacity, sò as to avoid pressing too hardly on the poor.

    0
    0
  • His foreign policy, which was magnificent but expensive, rendered further forced loans necessary, and he also laid hands on the Monte delle Doti, an insurance institution to provide dowries for girls.

    0
    0
  • The system of forced loans was abolished and a 1 o% tax on real property introduced in its stead, and a law of amnesty for political offenders enacted.

    0
    0
  • At the end of the war, these loans, and sums owing to Chile and Colombia, raised the foreign debt to £4,000,000.

    0
    0
  • In 1848 the two London loans and accumulated interest were covered by a new loan of £3,736,400, and the home debt was partially liquidated, the sale of guano giving the treasury ample resources.

    0
    0
  • Lavish expenditure followed and the government was soon anticipating its revenues by obtaining advances from guano consignees, usually on unfavourable terms, and then floating loans.

    0
    0
  • Then followed the ambitious schemes of President Balta, which with the loans of 5870 and 1872 raised the total foreign debt to £49,000,000, on which the annual interest charge was about £ 2, 5 ©0, 000, a sum wholly beyond the resources of the treasury.

    0
    0
  • The government being unable to repay its loans from the banks compelled the latter to suspend the conversion of their notes, which began to depreciate in value.

    0
    0
  • S' 3' S' p called voluntary loans was abolished, and replaced by a tax of ro% (la decima) on all real property.

    0
    0
  • The gross earnings of all the lines during the fiscal year I 9051906 were 7 millions sterling, approximately, and the gross expenses (including the payment of interest on loans and debentures) were under 31/8 millions, so that there remained a net profit of 31/8 millions, being at the rate of a little over 81/8% on the invested capital.

    0
    0
  • But from the beginning of that year, a period of extreme commercial and financial depression set in, and the treasury had to postpone all recourse to loans for whatever purpose, so that railway progress was completely checked in the field alike of the original and the acquired state lines.

    0
    0
  • In these circumstances the government decided to tak~ a strong step, namely, to place the whole of the railways owned ~y itthe original state lines as well as those nationalizedin an account independent of the regular budget, and to devote their entire profits to works of extension and improvement, supplementing the amount with loans from the treasury when necessary.

    0
    0
  • The value of the assets of the spiritual work in the United Kingdom increased from £558,992 in 1891 to £1,357,706 in 1909, the liabilities on account of loans upon mortgage and otherwise amounting at the latter date to £662,235.

    0
    0
  • The extremity of his financial straits reduced him soon afterwards to handing over his only son Philip to merchants as a pledge for loans of money.

    0
    0
  • From 13,000,000 to 17,000,000 francs is the annual amount of the state budget, and the debt, consisting of loans contracted principally for the construction of railways, of which there are about 350 m., is 12,000,000 francs.

    0
    0
  • New loans were made during the Civil War, but they were repudiated by the constitution of 1866, and were made void by the Fourteenth Amendment to the Federal constitution.

    0
    0
  • Of the vessels to be sent to Paris with American cargoes which were to be sold for the liquidation of French loans to the colonies made through Beaumarchais, few arrived; those that did come did not cover Beaumarchais's advances, and hardly a vessel came from America without word of fresh drafts on Franklin.

    0
    0
  • In spite of the poor condition in Europe of the credit of the struggling colonies, and of the fact that France was almost bankrupt (and in the later years was at war), and although Necker strenuously resisted the making of any loans to the colonies, France, largely because of Franklin's appeals, expended, by loan or gift to the colonies, or in sustenance of the French arms in America, a sum estimated at $60,000,000.

    0
    0
  • Its business is now limited to the issue of small loans on personal property - the aggregate sometimes reaching nearly £5¦,000 a month.

    0
    0
  • Meanwhile the misery of the country was increased by the reckless raising of loans by the nizam's government and the pledging of the revenues to a succession of great farmers-general.

    0
    0
  • The money has chiefly been spent on railways, telegraphs, roads, bridges, land purchase from the native tribes and private estate owners, on loans to settlers and on native wars.

    0
    0
  • Undoubtedly also commercial confidence was restored by the reconstruction in 1895 of the Bank of New Zealand, and activity has been stimulated by large public loans, while more cautious banking and the systems of taxation and rating on land values, adopted in 1891 and 1896, have done something to check land speculation.

    0
    0
  • that derived from customs and railways, is now paid to the Union government, but the provincial council has power to levy taxes and (with the consent of the Union ministry) to raise loans for strictly provincial purposes.

    0
    0
  • Hungary, on the other hand, striving for access to the money markets of the West, desired that the obligation of the Austro-Hungarian Bank to cash its notes should be explicitly mentioned in the law, in order to make the public loans rank as easily negotiable securities on foreign bourses.

    0
    0
  • One obvious sign of a crisis was the demand for loans against security from the Austro-Hungarian Bank, which was the result of the unfavourable position of investments on the bourse.

    0
    0
  • In each of the five years, ending Dec. 31, from 1909 to 1913 the loans granted by the Austro-Hungarian Bank against securities amounted to 90, 149, 187, 355 and 311 millions of kronen successively.

    0
    0
  • It had loans on security outstanding to the amount of 186 millions, and the bank-notes in circulation amounted to 2,130 millions of kronen.

    0
    0
  • In this manner the bank was converted into an institution which could supply the Government, by fresh issues of notes, with loans to an unlimited extent.

    0
    0
  • The costs of the war were in the first place met by loans and the assistance of the noteprinting press.

    0
    0
  • The debt of the Austrian State to the Austro-Hungarian Bank in direct loans made by the bank to the State amounted at the end of 1919 to 25,088 millions of kronen.

    0
    0
  • Whenever a war loan was impending it accepted advances from the members of the Banking Consortium, which had to place the war loans, and as soon as the subscription was closed they were compensated for the underwriting.

    0
    0
  • The home money market was approached by the Government through the issue of war loans.

    0
    0
  • The total number of such war loans was eight.

    0
    0
  • 10 Mexican loans are more remarkable.

    0
    0
  • The large loans raised in Europe, the first instalment of which Byron had himself brought over, while providing the Greeks with the sinews of war, provided seco n d civil w them also with fresh material for strife.

    0
    0
  • The Greeks, who had been squandering the money provided by the loans in every sort of senseless extravagance, affected to despise the Egyptian invaders, but they n h l`n were soon undeceived.

    0
    0
  • In 1879 an estimate made of all Federal war expenses up to that date, including pension charges, interest on loans, &c., showed a total of $6,190,000,000 (Dewey, Financial History of the United States).

    0
    0
  • By a law of the 19th of December 1900, Algeria was constituted a legal personality, with power to own goods, contract loans, &c., and a decree of 1901 placed the customs department, until then directed from Paris, under the control of the governor-general, whose hands were also strengthened in various minor matters.

    0
    0
  • He corresponds directly with the other Barbary states; draws up the budget, and contracts loans on behalf of the colony.

    0
    0
  • In what are commonly called loans of money, it is not really the money, but the money's worth, that the borrower wants; and the lender really assigns to him the right to a certain portion of the annual produce of the land and labour of the country, As the general capital of a country increases, so also does the particular portion of it from which the possessors wish to derive a revenue without being at the trouble of employing it themselves, and, as the quantity of stock thus available for loans is augmented, the interest diminishes, not merely "from the general causes which make the market price of things commonly diminish as their quantity increases," but because, with the increase of capital, "it becomes gradually more and more difficult to find within the country a profitable method of employing any new capital" - whence arises a competition between different capitals, and a lowering of profits, which must diminish the price which can be paid for the use of capital, or in other words the rate of interest.

    0
    0
  • The foreign debt dates from 1825, when £10,000,000 were borrowed in London through two loans.

    0
    0
  • Further loans have considerably increased the debt since then, but it is still within the normal resources of the country.

    0
    0
  • Other loans and obligations contracted during periods of disorder were afterwards consolidated under this type, and later on unpaid railway subsidies were also included.

    0
    0
  • Savings banks pay to the state treasurer a tax of three-fourths of 1% upon the amount of deposits on which they pay interest; building and loan associations pay to him a tax of three-fourths of 1% upon the whole amount of their capital stock paid in or shares in force, less the value of their real estate and loans secured by mortgages on real estate situated within the state and bearing interest not exceeding 5%; and fire insurance companies pay to the same officer a tax of I% upon the amount of their paid-up capital.

    0
    0
  • When compelled to find means for financing the war in South Africa, he insisted on combining the raising of loans with the imposition of fresh taxation; and besides raising the income-tax each year, up to is.

    0
    0
  • According to the official statement, the gold debt, which runs chiefly at 4% and is held in Germany and England, amounted to £1,987,905 on the 1st of January 1905; the currency debt (note issues, internal loans, &c.) amounted to £704,730; total £2,692,635, a decrease since 1900 of about £300,000.

    0
    0
  • Thus, in the period 1791 to 1811 their ratio to total government expenditure ranged from 41.6 to 189.6%; during the years 1812-1817, from 17.2 in 1814, when war finances reached their weakest point, to 131 ~4% in 1817, showing how rapid was their response under the return of peace; in the period1817-1859from 29-9% in the crisis year of 1837 to 158.9%; in the period1860-1869from 6.5% in 1865, when the governments bonds fell in price to $50.93 per hundred and the war policy of loans was most desperate, tO 84.1%; in the years 1870I 893 from 5f.4 to 85%; and, finally, in the years 1893f 909, from 36.9% (in 1898) to 52.7%.

    0
    0
  • Whereas in 1867 the rate of interest was over 4%, and interest was being paid on former provincial loans of over 6%, Canada could in 1906 borrow at 3%.

    0
    0
  • Finally it became a fief of the dukes of Schleswig-Holstein, though often hypothecated for loans advanced to these princes by the free city of Hamburg.

    0
    0
  • By the Constitution the tax rate is limited to $5 on the thousand, and, as the rate of taxation has increased faster than the taxable property, the state has been forced to contract several temporary loans since 1901, none of which has exceeded $200,000, the limit for each year set by the Constitution.

    0
    0
  • At first he attempted to develop the latter, and to carry on the government by means of loans in such a way as to maintain public confidence in its solvency.

    0
    0
  • Special surtaxes are levied on imports to meet the interest and redemption charges on the loans raised for the execution of these important works.

    0
    0
  • In France, again, the Code fixes the rate of interest on ordinary loans at 5%, and on commercial transactions at 6%.

    0
    0
  • If any such circular or document sent to an infant purports to issue from any address named therein or indicates any address as the place at which application is to be made with reference to the subject matter of the document, and at that place there is carried on any business connected with loans, every person who attends such place for the purpose of taking part in or assisting in the carrying on of such business will be deemed to have sent or caused to be sent such circular or document, unless he proves that he was not in any way a party to and was wholly ignorant of the sending of such document.

    0
    0
  • The reply to this indictment is that the British land revenue is L16,000,000 annually, whereas Aurangzeb's over a smaller area, allowing for the difference in the value of the rupee, was X110,000,000; though the Indian Civil Service is expensive, its cost is more than covered by the fact that India, under British guarantee, obtains her loans at 31% as against 10% or more paid by native rulers; though India has a heavy military burden, she pays no contribution to the British navy, which protects her seaboard from invasion; the drain of the home charges cannot be very great, as India annually absorbs 6 millions sterling of the precious metals; in 1899-1900, a year of famine, the net imports of gold and silver were 1 3 o millions.

    0
    0
  • More than half a million has been advanced in loans and of this nothing has been lost.

    0
    0
  • About two thousand chapels have been assisted with grants and loans.

    0
    0
  • of Rome to cultivate their lands in a more productive way than has often hitherto been the case, exemption from taxes for ten years and loans at 21% from the government being granted to those who carry on improvements, and those who refuse being expropriated compulsorily.

    0
    0
  • His personal interference in government affairs was not very marked, and extended to little more than taking astute advantage of the constant issue of State loans during his reign to acquire wealth, which was squandered in building useless palaces and in other futile ways: he is even said to have profited, by means of "bear" sales, from the default on the Turkish debt in 1875 and the consequent fall in prices.

    0
    0
  • The rate of interest on all the loans extant is 3%, except on one loan of 219,959,632 francs, which pays only 21%.

    0
    0
  • Meanwhile, in spite of the matricular contributions, the calls on imperial finance had steadily increased, and up to 1908 were continually met to a large extent by loans, involving a continual growth of the imperial debt, which in 1907 amounted to 3643 millions of marks.

    0
    0
  • The result was a constitutional dead-lock; for the diet refused to sanction loans until its representative character was recognized; and the king refused to allow to come between Almighty God in heaven and this land a blotted parchment, to rule us with paragraphs, and to replace the ancient, sacred bond of loyalty.

    0
    0
  • Loans were needed for military and other purposes, and paragraph 14 itself declares that it cannot be employed for the contraction of any lasting burden upon the exchequer, nor for any sale of state patrimony.

    0
    0
  • The rest was credited to: loans 31,713,000, floating debt 18,243,000.

    0
    0
  • The cash which reached the Egyptian treasury from the loans and floating debt was far less than the nominal amount of such loans, none of which cost the Egyptian government less than 12% per annum.

    0
    0
  • The whole proceeds of the loans and floating debt had been absorbed in payment of interest and sinking funds, with the exception of 16,000,000 debited to the Suez Canal.

    0
    0
  • Soon after Mr Caves report appeared (March 1876), default took place on several of the loans.

    0
    0
  • For the purposes of the new settlement the loans raised by Ismail on his private estates, those known as the Daira (i.e.

    0
    0
  • administrations) and Domains loans, were brought into account.

    0
    0
  • By the Law of Liquidation the floating debt was paid off, the whole debt being consolidated into four large loans, upon which the rate of interest was reduced to a figure which it was considered Egypt was able to bear.

    0
    0
  • These charges included the services of the Privileged and Unified debts, the tribute to Turkey and the interest on the Suez Canal shares held by Great Britain, but excluded the interest on the Daira and Domains loans, expected to be defrayed by the revenues from the estates on which those loans were secured.

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  • sufficient for the payment of interest and the sinking fund was in full operation, the government found that their share of the revenue was altogether inadequate for the expenses of administration, and they were compelled to borrow on short loans at high rate of interest.

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  • The right to raise loans had been granted to the khedive Ismail in 1873, but was taken away in 1879 by the firman appointing Tewfik khedive.

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  • Besides the Caisse there was the Railway Board, which administered the railways, telegraphs and port of Alexandria for the benefit of the bondholders, and the DaIra and Domains commissions, which administered the estates mortgaged to the holders of those loans.

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  • In June 1890 the assent of the powers was obtained to th conversion of the Preference (Privileged), Domains and Daira loans on the following conditions, imposed at the initiative of the French government:

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  • Further, an engagement was entered into that there should be no reimbursement of the loans till 905 for the Preference and Daira, and 1908 for the Domains.

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  • of Egypt to tax foreigners without their consent nor remove the right of Turkey to veto the issue of new loans, but in other respects the financial changes made by it were of a radical character.

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  • The bondholders gained a further material advantage by the consent of the Egyptian government to delay the conversion of the loans, which under previous arrangements they would have been free to do in 1905.

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  • This new fund started with a capital of 13,376,000 and was replenished by the surpluses of subsequent years, by the interest earned by its temporary investment, and by the sums accruing by the liquidation of the Daira and Domains loans.

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  • Probably a certain amount of cultivation was possible all the year round, and there was perhaps a succession of harvests; but there was a pause after the main harvests were gathered in by the end of April, and from then till June was the period in which taxes were collected and loans were repaid.

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  • From the time of the XXVth Dynasty there is a great increase in written documents of a legal character, sales, loans, &c., apparently due to a change in law and custom; but after the reign of Darius I.

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  • In 1875 the 1ea~jflgto impoverishment of the fellah had reached such a ~he depoint that the ordinary resources of the country no Pofo~.kmo:I, longer sufficed for the most urgent necessities of administration; and the khedive Ismail, having repeatedly broken faith with his creditors, could not raise any more loans on the European market.

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  • An annual sum is voted by parliament out of which loans are granted to cottagers who desire to purchase small freehold plots.

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  • There exist, besides, in Denmark several mutual loan associations (Kreditforeninger), whose business is the granting of loans on mortgage.

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  • 6; (5) cases arising out of deposits, loans, seduction, xxii.

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  • In other respects, too, the United States departed from its old individualistic tendencies, as in instituting the draft, regulating food, raising huge loans, observing meatless days and sending an army of 2,000,000 to fight in Europe.

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  • There was also the sort of unofficial censorship, undefined by law but real, which communities exercised against those who had been pro-German or who were now less ready than their neighbours thought fitting to subscribe for loans and the Red Cross, and to observe food regulations.

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  • Besides pressing loans upon both Thomas and John Carlyle, he offered to settle an annuity of £loo upon Thomas, and finally enabled John to support himself by recommending him to a medical position.'

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