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The Daily Dispatch: October 17, 1861., [Electronic resource] 1 1 Browse Search
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0,000 sterling, ($1,635,000,000.) It therefore amounted at the peace aforesaid, to £561,000,000 sterling or about $2,800,000,000. It increased £40,000,000; sterling, or $200,000,000, during the peace, which lasted about fifteen months. When England again went to war in 1803, therefore, she was in debt £601,000,000 sterling, or a little more than $3,000,000,000. From that time to the end of the war, the debt increased £511,000,000 sterling, or near $2,600,000,000. The total funded debt in February, 1816, slightly exceeded £1,100,000,000 sterling — about $5,500,000,000. From this are to be deducted £40,000,000 sterling, ($200,000,000,) which had been redeemed, and stood in the names of the Commissioners for the reduction of the public debt--£3,000,000 sterling ($15,000,000,) transferred to the Commissioners for life annuities--£25,000,000 ($125,000,000) cancelled by the redemption of the land tax — and £252,000,000 sterling ($1,260,000,000) which were cancelled and the funds charge