It is now generally under...
It is now generally unilerstood, that the reduction of the 4 per c( rtts. will be completed without any difficulty to Go- vernmenit, as the amount require(d to be paid off docs not exceed 8sooo,oool. The actual assents are for about 6 t,000,000!.; but to this is to be added, the stock held by the Accountant-General of the Court of Chancery, that in the hanrls of foreigners, and the stock heldl by trustees, who are allowed an exteniion of time for giving in their assemt, the whole of which may probably amotunt ta 3,000,0001. The amount of the 4. per cent. stock is about 75,000,0001. It is said to have been originally in the contemplation of Government, to have offered the holders of 4 per cents. 1001. 3 per cent. stock for each 1001., with a bonus in mnoney; but which, without any material saving in inter- est, would have entailed a heavy immnediate expense on the counltry: but that was subsequently abandoned for the present incasure, which has been successfuil far beyoiid the exrectations entertained when it was first proposed.