"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
... (3) may be regarded as a "Sinking Fund," or means by which a con- siderable portion of the National Debt is paid off every year and ...
— Everybody's Guide to Money Matters • William Cotton, F.S.A.
... instantaneously rallied to Dr. Crummell's support and the outcome was the determination to build a church. A sinking fund association, composed of young people from different sections of the city, and in which other denominations were represented, was a most active factor. The enthusiasm was intense. The corner stone was ...
— The Journal of Negro History, Volume 7, 1922 • Various
... exercised not against the Irishman in favour of the English settler, but against the (usually) English landlord in favour of the Irish tenant. The State is now pledged to about 130,000,000 pounds for the furtherance of this scheme, the instalments and sinking fund to the amount of about 5,000,000 pounds a year being paid with exemplary regularity by the farmers who have taken ...
— Ireland and Poland - A Comparison • Thomas William Rolleston
... our territory, marked the resumption of the forward march of the United States. Twenty-five years later, at the presidential campaign of 1892, the debt had been reduced to $900,000,000, deducting the sinking fund, and the charge for pensions had about reached its maximum and soon began to decrease, though no one objected to any amount of reward for bona fide soldiers who had helped to save the country. The country's wealth ...
— A Journey in Other Worlds • J. J. Astor
... view, it is recommended that as soon as the war shall be over all the surplus in the Treasury not needed for other indispensable objects shall constitute a sinking fund and be applied to the purchase of the funded debt, and that authority be conferred by laws for ...
— A Compilation of the Messages and Papers of the Presidents: Polk - Section 3 (of 3) of Volume 4: James Knox Polk • Compiled by James D. Richardson
... reached page 210 of copy. There is little or nothing else to say. Skene was with me for a few minutes. I called at Cadell's also, who thinks a dividend of 3s. per pound will be made out.[381] This will be one-half of the whole debts, and leave a sinking fund for the rest about L10,000 a year "if the beast live and the branks ...
— The Journal of Sir Walter Scott - From the Original Manuscript at Abbotsford • Walter Scott
... shillings, which was to be granted only to such as had licenses for selling ale. On the credit of this act, as soon as it was passed by the commons, the ministry borrowed a large sum at three per cent, but it was understood that the sinking fund was pledged as a collateral security to ...
— The Works of Samuel Johnson, Vol. 11. - Parlimentary Debates II. • Samuel Johnson
... require to put back that energy into him against the next day's demands. Nor is it possible to determine how much of that expended energy he will never be able to get back at all. Economics has never yet devised a sinking fund for the replacement of the strength of a worker. It is possible to set up a kind of sinking fund in the form of old-age pensions. But pensions do not attend to the profit which each day's labour ought to ...
— My Life and Work • Henry Ford
... invested in safe securities at the usual rate of about 4%, the addition of this amount of compound interest will assist in the repayment of the capital at the due date, so that the annual contributions to a sinking fund need not themselves aggregate the total capital to be restored, but may be smaller by the deficiency which will be made up by their interest earnings. Such a system of redemption of ...
— Principles of Mining - Valuation, Organization and Administration • Herbert C. Hoover
... council-pensionary took the bold step of proposing a further reduction of interest from 5 to 4 per cent. He had some difficulty in persuading the investors in government funds to consent, but he overcame opposition by undertaking to form a sinking fund by which the entire debt should be paid off in 41 years. Having thus placed the finances of the province on a sound basis, De Witt next brought a similar proposal before the States-General with the result that the interest on the Generality debt was likewise ...
— History of Holland • George Edmundson |
