The capital of the South-Sea Company at Midsummer, 1720, is Computed as followeth, viz. By the Two Thirds of the Absolute Terms, supposed to be Subscribed, - - - - - l. 3,430,000 By the Two Subscriptions, at 300 l. and at 400 l. per Cent. 3,650,000 l. 7,080,000 The Old Capital supposed to be - - - - - 11,200,000 l. 18,280,000 10 l. per Cent. for Midsummer Dividend - - - - - - - 1,828,000 The Total Capital will then be - - - - - - - - - 20,108,000 Debts due from the Company. To their Bonds to the Proprietors of the Absolute Terms taken in, l. 2,720,000 To Purchase the remaining One Third Part of the Long and Short Terms, at 32 and 17 Years Purchase, - - - - 7,780,000 l. 10,500,000 To Purchase the Redeemables, - - - - - - - 16,500,000 27,000,000 To be Paid the Publick, - - - - 7,600,000 l. 34,600,000 In Cash, or due to the Company towards the Discharge of this Debt, By the Produce of the First Subscription of 2,250,000 l. at 300 l. per Cent. l. 6,750,000 By the Produce of the Second Subscription of 1,400,000 l. at 400 l. per Cent. 5,600,000 12,350,000 Remaining Debt will be - - - - - - - 22,250,000 But suppose the Capital at Midsummer, 1720, to be 20 Millions; the Debt due to the Company from the Publick to be 42 Millions; and the Debt due from them to particular Persons 22 Millions; Then the Value of 100 l. Stock at Midsummer 1720, will be 100 l. viz. l. s. d. l. s. d. The Proprietors of 20 Millions being Intitled to 42 Millions, each 100 l. in the Capital of 20 Millions is Worth - - - - - 210 = 00 : 00 But the Debt of 22 Millions on the said Capital, is a Debt on each 100 l. Stock of - - - - - - - 110 : 00 : 00 The remaining Value is - - - - - - 100

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00
00 But the Debt of 22 Millions on the said Capital, is a Debt on each 100 l. Stock of - - - - - - - 110
00 The remaining Value is - - - - - - 100
Format:
Elektronisch E-Book
Sprache:
Englisch
Veröffentlicht:
[London] s.n 1720
Umfang:
1/2 ̊
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Anmerkungen:
English Short Title Catalog, T12330. - Hanson, 2778. - Kress, S.2850. - Reproduction of original from British Library. - With a docket-title: 'An estimate of the intrinsick value of South-Sea stock'
Erscheinungsjahr in Vorlageform:[1720]
Format Details:
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Schlagworte:
South Sea Company
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