"Sinking fund" Quotes from Famous Books
 ... by a subsequent act of the same session, the surplus product of the revenue after satisfying the appropriations which were charged upon it, with the addition of two millions, which the President was authorized to borrow at five per centum, constituted a sinking fund to be applied to ...
— The Life of George Washington, Vol. 4 (of 5) • John Marshall
... farthing of the loan has now been expended, and the protecting powers have intimated to King Otho, in very strong terns, that he must immediately commence paying the interest and sinking fund, due in terms of the treaty which placed the crown of Greece on his head. The whole burden of this payment, of course, falls on the Greek people, who, we have already shown, have suffered enough from the government of King Otho, without ...
— Blackwood's Edinburgh Magazine -- Volume 54, No. 335, September 1843 • Various
... force. Woodrow Farm, adjoining the village of Catshill in the neighbourhood of Birmingham, was purchased on terms that enabled the land to be sold to the peasant cultivator at L. 40 an acre. They were paying this back at the rate of 4% on the purchase money, a rate that included both interest and sinking fund, so that at the end of forty years they would own the small estates free from encumbrance. The huge population of Birmingham is close to the properties. The men turned their attention mostly to strawberries, ...
— Project Gutenberg Encyclopedia
... of what is called borrowing of the community, in order to keep up the nominal Sinking Fund, he means to apply the five millions annual surplus at simple interest, and not at compound, he ought in the first place to say so distinctly, for whether right or wrong (about which much might be said), it is, at least, a more complete departure than any yet made ...
— Memoirs of the Court of George IV. 1820-1830 (Vol 1) - From the Original Family Documents • Duke of Buckingham and Chandos
... Conference and undertook to find Imperial funds for the complete extinction of landlordism in Ireland within a period which Mr Wyndham estimated at fifteen years. Furthermore the tenants were to obtain the loans on cheaper terms than had ever been known before—viz. an interest of 2-3/4 per cent. and a sinking fund of 1/2 per cent., being a reduction in the tenants' annuity from L4 to L3, 5s. as compared with the best of the previous Acts. In addition a State grant-in-aid to the extent of L12,000,000—roughly equivalent to three years' ...
— Ireland Since Parnell • Daniel Desmond Sheehan
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