Page:The European Concert in the Eastern Question.djvu/173

 By the effect of these measures, the financial position will be as follows:—

To this debt of 59 millions an annuity of 4,177,720l. sterling is assigned, representing its redemption in sixty-five years, and interest at the rate of 7 per cent, upon the capital. Interest to run from 15th July, 1876.

This annuity is payable in two half-yearly payments of 2,088,860l. each.

The revenues which are at present assigned to the Treasury of the Public Debt by our Decree of the 7th May, 1876, remain pledged as before, subject to the modifications which will result from the resent Decree, which will he arranged by the Controllers-General to he mentioned hereafter, and by the Commissioners of the Public Debt.

The 2,000,000l. in bonds of general debt accruing to the