ARMY.

225

Financial Years ending March 31

Funded

Unfunded

Total

£

, 1856 .

775,730.994

28.182,700

803,913,694

, 1857 .

780,119,722

27,989.000

808,108,722

, 1858 .

779,225,495

25,911,500

805.136,995

1859 .

786,801,154

18.277,400

805.078,554

I860 .

785,962,000

16,228,300

802,190,300

1861 .

785,119.609

16,689,000

801,808,609

1862 .

784,252,338

16,517,900

800,770,238

1863 .

783,306,739

16,495,400

799,802,139

1864 .

777,429,224

13,136,000

790,565,224

, 1865 .

775.768,295

10,742,500

786,510,795

, 1866 .

773,313,229

8,187,700

781,500,929

, 1867 .

769,541.004

7,956,800

777,497,804

, 1868 .

741,190,328

7,911,100

749,101,428

1869 .

740,418,032

8,896,100

749,314,132

1870 .

740,789,548

6,761,500

747,551,048

There are to the charge of the funded debt, not included in the above statement, a constantly varying amount of terminable annuities, the estimated capital of which, computed in 3 per cent, stock, amounted on the 31st of March, 1870, to 53,130,380/.

The balance in the Exchequer for the sixteen years 1855-70 amounted to : —

Financial Years ended

Amount

Financial Years ended

Amount

March 31, 1855

3,949,775

Marcli 31, 1863 .

£

7,263,839

1856 .

5,600,621

„ 1864 .

7,352,548

1857 .

8,668,371

1865 .

7,690,922

1858 .

6,657,802

1866 .

5,851,314

„ 1859

7,789,083

„ 1867 .

7,294,151

1860

7,972,864

1868 .

4,781,846

1861 .

6,672,132

1869 .

4,707,259

1862 .

5,288,676

1870 .

8,606,647

Taking the population of the United Kingdom according to the census of 1861, the average share of each individual in the capital of the national debt amounted, in 1869, to 2bl. 9s. 10d., while that

in the annual interest was 17s. Id.

Army and Navy. 1. Army.

The maintenance of a standing army, in time of peace, without the

consent of Parliament, is prohibited by the Bill of Eights of 1690.