Stanhope enacts Walpole's Sinking Fund to reduce the national debt

Historical Context Note

Litencyc Editors (Independent Scholar - Europe)
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Stanhope puts into force Robert Walpole's Sinking Fund to reduce the national debt by annual instalments. The fund itself is set up from the surplus obtained by reducing the interest on national securities.

33 words

Citation: Editors, Litencyc. "Stanhope enacts Walpole's Sinking Fund to reduce the national debt". The Literary Encyclopedia. First published 01 April 2011 [https://staging.litencyc.com/php/stopics.php?rec=true&UID=17213, accessed 23 November 2024.]

17213 Stanhope enacts Walpole's Sinking Fund to reduce the national debt 2 Historical context notes are intended to give basic and preliminary information on a topic. In some cases they will be expanded into longer entries as the Literary Encyclopedia evolves.

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