TABLE A. 2.

Shewing the Effect of the Operation of a SINKING FUND at Six per Cent. in the Redemption of a Debt of Twelve Millions of Money Capital, (which is the Amount of the first Year's War-Loan, according to the proposed Plan.-The Prices of 3 per Cents. are supposed to be at 75, and consequently the Interest of Money 4 per Cent.

The sinking fund in this table is supposed to operate by compound interest at the yearly rate of 4 per cent. But as the sinking fund would be applied quarterly, the capital of debt redeemed, and the progressive amounts of the sinking fund would be greater than the computations in this table represent them; the result of this mode of computation will," however, sufficiently shew that a 6 per cent. sinking fund operating by compound interest at 4 per cent. would redeem its capital in 13 years.

TABLE A. 3.

Shewing the Effect of the Operation of a SINKING FUND of 7 per Cent. in t Redemption of a Debt of Twelve Millions of Money Capital, (which is Amount of the first Year's War Loan, according to the proposed Plan). T Price of 3 per Cents. is supposed to be at Par, and consequently the Inter Money 3 per Cent.

The sinking fund in this table is supposed to operate by compound interest, at the yearly rate of 3 per cent. But as the sinking fund would be applied quarterly, the capital of debt redeemed, and the progressive amounts of the sinking fund, would be greater than the computations in this table represent them; the result of this mode of com putation will, however, sufficiently shew, that a 7 per cent. sinking fund, operating by compound interest at 3 per cent., would redeem its capital in about 12 years.

TABLE B. 2.

Shewing the Means by which an Annual extraordinary Expenditure, to the Amount of £.32,000,000, may be defrayed in each Year.

*Note. For the amount of war-taxes pledged in each year, to provide for interest and sinking fund of the loans charged upon those taxes;-See Table A, column 4.

Shewing the Total Amount of the Loan in any given Year, according to the proposed Plan; and the Amount of the total Sinking Fund in thes ame Year: also the Difference between the Total Amount of the Loan, and the Total Amount of the Sinking Fund in each Year. The 3 per Cents. are supposed to continue at 60.

5 January, 1828

5 January, 1824.

5 January, 1825.

5 January, 1826..

12,000,000 20,000,000 32,000,000 27,963,1244,036,876

12,000,000 20,000,000 32,000,000 27,761,279 4,238,721

12,000,000 20,000,000

32,000,000 27,549,341 4,450,659 14,000,000 18,000,000 $2,000,000 27,326,807 4,673,193

16,000,000 16,000,000 32,000,000 27,093,146 4,906,854

16,000,000 16,000,000

32,000,000 26,901,360 5,098,640

* The sums in this column will of course shew how much will be borrowed in each year more than will be paid off in the same year.

TABLE B. 3.

Shewing the Total Amount of the MONEY CAPITAL OF DEBT created in each Year from 1793 to 1806, both inclusive, and the Amount of the corresponding Sinking Fund; also, the Difference between the Money Capital of Debt created, and the Amount of the corresponding Sinking Fund applied to the Extinction of Debt in each Year.