Page:The Real Cause of the High Price of Gold Bullion.djvu/26

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(28)

Total Sums
levied
each Year.
Average Amount
of Bank Notes
each half Year.


1806
 

 
84,823,071
 

 
16,941,000
16,641,000
1807
 

 
84,226,947
 

 
16,724,000
16,687,000
1808
 

 
88,895,824
 

 
16,953,000
17,303,000
1809
 

 
94,747,704
 

 
18,214,000
19,641,000
1810
 

 
97,203,508
97,203,508— — —

 
20,894,000
24,188,000
449,897,094
449,897,094— — —
449,897,094— — —
1811
 

 
99,109,777
 

 
23,471,000
23,094,000
1812
 

 
105,718,482
 

 
23,123,000
23,351,000
1813
 

 
113,303,529
 

 
23,939,000
24,107,000
1814
 

 
134,034,673
 

 
25,511,000
28,291,000
1815
 

 
131,268,720
583,435,381— — —

 
27,155,000
26,618,000
583,435,381
583,435,381— — —

From this statement there appears a natural, if not a necessary, progress in the increase of currency, in proportion as the sum raised upon the country augmented. From 1806 to the end of 1810 inclusive, during which period 449,897,000 l. were raised, the issue of Notes rose from 16,941,000 to 24,188,000; being a rise of 7 millions in five years. From 1810 to the end of 1818, during which period 583,435,000 l. were raised, the issues rose to about 27,000,000, being a rise in five years of 3 millions.

When