"Sinking fund" Quotes from Famous Books
 ... Government will bear interest at the rate of three and a half per cent., and any portion of such debt as may remain unpaid at the expiration of twelve months from the 8th August 1881 shall be repayable by a payment for interest and sinking fund of six pounds and ninepence per cent. per annum, which will extinguish the debt in twenty-five years. The said payment of six pounds and ninepence per 100l. shall be payable half yearly in British currency on the 8th February and 8th August ...
— Impressions of South Africa • James Bryce
... regard it as an obvious panacea. Perhaps in two or three years we may tell whether economic conditions are stable enough to rob it of its worst evils. The question whether the burden of rapidly relieving debt by this means in an instalment levy over a decade is actually lighter than the sinking fund method, depends on the relation of the drop in prices over the short period to the drop over the ensuing period, with a proper allowance for discount—at the moment an insoluble problem. I cannot yet with confidence join those who, on purely economic and non-political grounds, ...
— Essays in Liberalism - Being the Lectures and Papers Which Were Delivered at the - Liberal Summer School at Oxford, 1922 • Various
... colonies refused to contribute to the cost of their own protection, he proposed that, if Great Britain would abolish her monopoly of the colonial trade, allowing free commerce between the colonies and all the rest of the world, they would pay into the English sinking fund L100,000 annually for one hundred years; which would be more than sufficient, if "faithfully and inviolably applied for that purpose, ... to extinguish all her ...
— Benjamin Franklin • John Torrey Morse, Jr.
... drawing notes, balances of check books and checking up cancelled vouchers and obtaining bank balances; (j) time and call loans; (k) calculations and payment of interest on capital; (l) maintenance of sinking fund. ...
— Creative Impulse in Industry - A Proposition for Educators • Helen Marot
... own future and France was delivered from the cancer of pensions. As a result Rabourdin's scheme exhibited only seven hundred millions of expenditures and twelve hundred millions of receipts. A saving of five hundred millions annually had far more virtue than the accumulation of a sinking fund whose dangers were plainly to be seen. In that fund the State, according to Rabourdin, became a stockholder, just as it persisted in being a land-holder and a manufacturer. To bring about these reforms without too roughly jarring the existing state of things or incurring ...
— Bureaucracy • Honore de Balzac
... himself with some vague images of multiplication and division. His leaden eye showed that he was completely rapt away from all that was passing about him: two critics disputing at his right ear upon the relative pretensions of two actresses,—two politicians disputing at his back on the Sinking Fund and the Funds in general, as little disturbed his meditations as two disputants before his face, viz. the landlord and the manager of the theatrical company, who were sharply discussing some private point of finance in their daily reckoning. The poor manager,—with his keen, meagre, ...
— Walladmor: - And Now Freely Translated from the German into English. - In Two Volumes. Vol. I. • Thomas De Quincey
... national debt. To this have been since added many other intire duties, granted in subsequent years; and the annual interest of the sums borrowed on their respective credits is charged on and payable out of the produce of the sinking fund. However the neat surplusses and savings, after all deductions paid, amount annually to a very considerable sum; particularly in the year ending at Christmas 1764, to about two millions and a quarter. For, as the interest on the national debt has been at several times ...
— Commentaries on the Laws of England - Book the First • William Blackstone
... Vincent who did the rescue act when we was entertainin' that bunch of government inspectors who come around once a year to see that we ain't carryin' any wildcat stocks on our securities list, or haven't scuttled our sinking fund, or anything like that. Course, our books are always in such shape that they're welcome to paw 'em over all they like. That's easy enough. But, still, there's no sense in lettin' 'em nose around too free. Might dig up ...
— Torchy As A Pa • Sewell Ford
... "that all duties on imported goods and proceeds of the sale of public lands," etc., should be set apart to pay coin interest on the debt of the United States; and one per cent. for a sinking fund, etc. ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman
... these, in the vulgar acceptation of a pie-crust, whenever they cover any advantage, it is but breaking them, and down with friendship and honour in a bite. He looks upon interest to be the true law of nature, and principal a Sinking Fund, in which no Dutchman should be concerned. He looks upon money to be the greatest good upon earth, and a pickled herring {83}the greatest dainty. If you would ask him what wisdom is, he'll answer you, Stock. If ...
— A Lecture On Heads • Geo. Alex. Stevens |
