Loans sentence example

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