Most Viewed Bonuses
American Railways
Automatic Re-investment Of Dividends
Colonial Government Securities
British Government Funds
Banks
Foreign Government Stocks
Canals And Docks
Dividends
Borrowers
Least Viewed
Indian Railway Stocks
Table Of Interest On Investments Sample
Investments
London Banks And Banking
Loans To Corporations And Counties Of The United Kingdom
Railways
Terminable Annuities
Mortgages
Insurance Companies
The Stock Exchange
|
Terminable Annuities
Terminable Annuities (3) may be regarded as
a "Sinking Fund," or means by which a con-
siderable portion of the National Debt is paid
off every year and "The Funds" proportionately
reduced.
Thus the Government is empowered to give
an annuity for a certain number of years in ex-
change for permanent stock in the Funds. For
instance, a holder of £1,000 2 3/4 per cent. stock is
receiving £27 10s. a year in the shape of interest.
The Government offers to pay double the amount
of interest or £55, if the £1,000 stock is trans-
ferred to them, and to continue this £55 a year
for twenty years and no longer.
At the expiration of that period the interest
ceases and the principal sum of £1,000 is struck
off the National Debt, which is in consequence
reduced by that sum.
Viewed 290
|
Military Training.ca - Download the EBook Sea Operations
Informational