ving thus arrived at the annual amount of the proposed fund, I come,
in the next place, to speak of the population proportioned to this fund,
and to compare it with the uses to which the fund is to be applied.
The population (I mean that of England) does not exceed seven millions
and a half, and the number of persons above the age of fifty will in
that case be about four hundred thousand. There would not, however, be
more than that number that would accept the proposed ten pounds sterling
per annum, though they would be entitled to it. I have no idea it would
be accepted by many persons who had a yearly income of two or three
hundred pounds sterling. But as we often see instances of rich people
falling into sudden poverty, even at the age of sixty, they would always
have the right of drawing all the arrears due to them. Four millions,
therefore, of the above annual sum of 5,666,6667L. will be required for
four hundred thousand aged persons, at ten pounds sterling each.
I come now to speak of the persons annually arriving at twenty-one years
of age. If all the persons who died were above the age of twenty-one
years, the number of persons annually arriving at that age, must be
equal to the annual number of deaths, to keep the population stationary.
But the greater part die under the age of twenty-one, and therefore the
number of persons annually arriving at twenty-one will be less than half
the number of deaths. The whole number of deaths upon a population of
seven millions and an half will be about 220,000 annually. The number
arriving at twenty-one years of age will be about 100,000. The whole
number of these will not receive the proposed fifteen pounds, for the
reasons already mentioned, though, as in the former case, they would be
entitled to it. Admitting then that a tenth part declined receiving it,
the amount would stand thus:
[Illustration: table362]
There are, in every country, a number of blind and lame persons, totally
incapable of earning a livelihood. But as it will always happen that the
greater number of blind persons will be among those who are above
the age of fifty years, they will be provided for in that class. The
remaining sum of 316,666L. will provide for the lame and blind under
that age, at the same rate of 10L. annually for each person.
Having now gone through all the necessary calculations, and stated the
particulars of the plan, I shall conclude with some observations.
It is not chari
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