National Debt
.Money borrowed by the Government, on the security of the taxes, which are pledged to the lenders for the payment of interest.
The National Debt in William III.’s reign was £15,730,439.
At the commencement of the American war, £128,583,635.
At the close thereof, £249,851,628.
At the close of the French war, £840,850,491.
Cancelled between 1817 and 1854, £85,538,790.
Created by Crimean war, £68,623,199.
In 1866, £802,842,949.
In 1872 it was £792,740,000.
In 1875 it was £714,797,715.
In 1879 it was £702,430,594.
In 1892 it was £677,679,571.
In 1893 it was £671,042,842.
