224-

GREAT BRITAIN AND IRELAND.

army and navy in periods of war, dates from the time of the Revolution, and grew up in the proportions sketched in the following table : —

Historical Periods

Capital of Debt, fancied and unfunded

Interest

and manage- ment

♦ Debt at the revolution, in 1689 Excess of debt contracted during the reign of "William III. above debt paid off

Debt at the accession of Queen Anne, in 1 702 Debt contracted during Queen Anne's reign

Debt at the accession of George I., in 1714 Debt paid off during the reign of George I., above debt contracted

Debt at the accession of George II., in 1727

Debtcontraetedfrom the accession of George

II. till the peace of Paris in 1763, three

years after the accession of George III.

Debt in 1763

Paid during peace, from 1763 to 1775

Debt at the commencement of the American

war, in 1775

Debt contracted during the American war

Debt at the conclusion of the American war,

in 1784

Paid during peace from 1784 to 1793

Debt at the commencement of the French

war, in 1793

Debt contracted during the French war

Total funded and unfunded debt on the 1st of February, 1817, when the English and Irish exchequers were consolidated

Debt cancelled from the 1st of February, 1817, to 5th of January, 1836

Debt, and charge thereon 5th of January, 1836

Debt, and charge thereon 31st of March, 1870

£ 664,263.

15,730,439

£ 39,855

1,271,087

16,394.702 .37,750,661

1,310,942 2,040,416

54,145,363 2,053,125

3,351,358 1,133,807

52,092,238 86,773,192

2,217,551 2,634,500

138,865,430 10.281,795

4,852,051 380,480

128,583,635 121,267,993

4,471,571 4,980,201

249,851,628 10,501,380

9,451,772 243,277

239,350,148 601,500,343

9,208,495 22,829,696

840,850,491

32,038,191

53,211,675

2,894,674

787,638,816

29,143,517

747,551,048

27,046,653

The state of the national debt for the to 1870, has been as follows : —

sixteen years, from 1856