FREE BOOKS

Author's List




PREV.   NEXT  
|<   219   220   221   222   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243  
244   245   246   247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   >>   >|  
is idea, which will not be disputed, and compare the interest paid by England with that paid by France: Interest paid by France, funded and unfunded, for perpetuity or on lives, after the tax of 10 per cent L6,500,000 Interest paid by England, as stated by the author, p. 27 4,600,000 ---------- Interest paid by France exceeds that paid by England L1,900,000 The author cannot complain, that I state the interest paid by England as too low. He takes it himself as the extremest term. Nobody who knows anything of the French finances will affirm that I state the interest paid by that kingdom too high. It might be easily proved to amount to a great deal more: even this is near two millions above what is paid by England. There are three standards to judge of the good condition of a nation with regard to its finances. 1st, The relief of the people. 2nd, The equality of supplies to establishments. 3rd, The state of public credit. Try France on all these standards. Although our author very liberally administers relief to the people of France, its government has not been altogether so gracious. Since the peace, she has taken off but a single _vingtieme_, or shilling in the pound, and some small matter in the capitation. But, if the government has relieved them in one point, it has only burdened them the more heavily in another. The _Taille_,[65] that grievous and destructive imposition, which all their financiers lament, without being able to remove or to replace, has been augmented no less than six millions of livres, or 270,000 pounds English. A further augmentation of this or other duties is now talked of; and it is certainly necessary to their affairs: so exceedingly remote from either truth or verisimilitude is the author's amazing assertion, _that the burdens of France in the war were in a great measure temporary, and must be greatly diminished by a few years of peace_. In the next place, if the people of France are not lightened of taxes, so neither is the state disburdened of charges. I speak from very good information, that the annual income of that state is at this day thirty millions of livres, or 1,350,000_l._ sterling, short of a provision for their ordinary peace establishment; so far are they from the attempt or even hope to discharge any part of the capital of the
PREV.   NEXT  
|<   219   220   221   222   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243  
244   245   246   247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   >>   >|  



Top keywords:

France

 

England

 

author

 

millions

 

interest

 

people

 

Interest

 

relief

 

government

 
finances

livres

 
standards
 
augmentation
 

talked

 
duties
 

English

 

replace

 

grievous

 
destructive
 

imposition


financiers

 

Taille

 

burdened

 
heavily
 
lament
 

augmented

 

remove

 

affairs

 

pounds

 

thirty


sterling

 
information
 

annual

 

income

 

provision

 

discharge

 

capital

 

attempt

 
ordinary
 

establishment


charges
 
disburdened
 

burdens

 

assertion

 

measure

 

amazing

 

remote

 
verisimilitude
 

temporary

 
lightened