ARMY.
225
Financial Years ending March 31
Funded
Unfunded
Total
£
, 1856 .
775,730.994
28.182,700
803,913,694
, 1857 .
780,119,722
27,989.000
808,108,722
, 1858 .
779,225,495
25,911,500
805.136,995
1859 .
786,801,154
18.277,400
805.078,554
I860 .
785,962,000
16,228,300
802,190,300
1861 .
785,119.609
16,689,000
801,808,609
1862 .
784,252,338
16,517,900
800,770,238
1863 .
783,306,739
16,495,400
799,802,139
1864 .
777,429,224
13,136,000
790,565,224
, 1865 .
775.768,295
10,742,500
786,510,795
, 1866 .
773,313,229
8,187,700
781,500,929
, 1867 .
769,541.004
7,956,800
777,497,804
, 1868 .
741,190,328
7,911,100
749,101,428
1869 .
740,418,032
8,896,100
749,314,132
1870 .
740,789,548
6,761,500
747,551,048
There are to the charge of the funded debt, not included in the above statement, a constantly varying amount of terminable annuities, the estimated capital of which, computed in 3 per cent, stock, amounted on the 31st of March, 1870, to 53,130,380/.
The balance in the Exchequer for the sixteen years 1855-70 amounted to : —
Financial Years ended
Amount
Financial Years ended
Amount
March 31, 1855
3,949,775
Marcli 31, 1863 .
£
7,263,839
1856 .
5,600,621
„ 1864 .
7,352,548
1857 .
8,668,371
1865 .
7,690,922
1858 .
6,657,802
1866 .
5,851,314
„ 1859
7,789,083
„ 1867 .
7,294,151
1860
7,972,864
1868 .
4,781,846
1861 .
6,672,132
1869 .
4,707,259
1862 .
5,288,676
1870 .
8,606,647
Taking the population of the United Kingdom according to the census of 1861, the average share of each individual in the capital of the national debt amounted, in 1869, to 2bl. 9s. 10d., while that
in the annual interest was 17s. Id.
Army and Navy. 1. Army.
The maintenance of a standing army, in time of peace, without the consent of Parliament, is prohibited by the Bill of Eights of 1690.
