Page:Rose 1810 Observations respecting the public expenditure and the influence of the Crown.djvu/40

 On the ordnance expenditure, the aving has been in a much larger proportion, becaue all their debentures were without interet, and the dicount from 24l. to 30l per cent. The part of the ordnance expenditure which ued to be paid bydebentures, and is now atified by prompt payments, was, on the average of the lat three years, 2,491,0001., and computing the dicount at only 20l. per cent., the aving thus effected is 499,000l. annually.

The lat head of aving by management, is under that of the etates of the Crown. The act of the 1t of Queen Anne continued at the beginning of each ucceeding reign, for limiting grants of crown lands to 31 years, put a top to the actual alienation of the property of the Crown; but, in its operation, had the effect of greatly adding to the influence of it, and certainly afforded no protection whatever to its revenues, as will be een in the note below. In reigns antecedent to that of Queen