Alexander Hamilton Papers
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Enclosure D: [Statement of One Year’s Interest on the Foreign Loans], January 1795

D
Statement of one Year’s Interest on the Foreign Loans Effected for Account of the United States—as Due on the 31: of December 1794

Dollars Cents
20,500,000 Guilders, amount of Five per Cent: Loans effected at Amsterdam   Guilders 1,025,000
2,050,000 Guilders, amount of Four and a half per Cent. Loan effected at Antwerp 92,250
7,950,000 Guilders, amount of Four per Cent: Loans effected at Amsterdam 318,000
30,500,000 Amount at Interest,
467,500 Guilders, amount of premiums and gratifications to be paid on a loan of Two millions of Guilders.
30,967,500 Guilders, amount to be paid for Loans effected at Amsterdam & Antwerp.
Amount of one years Interest on the Dutch & Antwerp Loans Guilders 1435,250
which at 40 cents per Guilder, is 574,100
Livres   S.d. 12,188,040.12.2 balance due to the French Government, @ 4.706 per Cent: per annum, being an average of interest payable on the French Loans when obtained Livs 573,569.3.9.
List which @ 18 15/100 cents per Livre is 104,102 80
Amount of one year’s Interest on the Foreign Loans as due on the 31: of december 1794
Dollars 678,102 80

Statement of Interest Payable on the Domestic Debt.

Dollars Cents.
1st. Interest payable by the existing Contract on the debt as it stood on the last day of december 1794.
On Six per Cent Stock
Dollars 29,046,730.62
On the original Capital of the debt to Foreign Officers
186,988.23 29,233.718.85 @ 6 per Ct. 1,754,023.13
On three per Cent: Stock 19,484,840.68
19,484,840.68
On the Interest of the Capital due to Foreign Officers, to december 31: 1790
22438.58 19,507.279.26 @ 3 per Ct. 585,249.37
On the Unfunded debt, per Statement
1,184,323.40
from which deduct Indents of Interest which bear no Interest
83,805
Unfunded Debt bearing Interest
1,100,51840 @ 6 per Ct. 66,031.10
Total of Interest payable annually by the Contract existing at the close of the year 1794 2,405,272 60
2nd. Interest payable after the year 1800, on the principles of the Contract existing at the end of 1794.
On the deferred stock existing at the end of 1794, being
14,523,365.45 @ 6 per Ct. 871,401.92
On the Six per Cent: Stock as stated above
29,233,718.85 @ 6 per Ct. 1,754,023.13
On the three per Cent: Stock ditto
19,507,279.26 @ 3 per Ct. 585,218.37
On the Unfunded debt   ditto
1,100,518.40 @6 per Ct. 66,031.10
Total of Interest which would be payable after the year 1800 on the whole domestic debt, on the principles of the existing contract at the end of 1794 3,276,674 52
3rd. Interest which would be payable if the whole Domestic Debt was subscribed to the Loan.
On six per Cent: Stock 29,967,397.80 @6 per Ct. 1,798,043.86
On Three per Cent: Stock 19,967,936. @ 3 per Ct. 599,038.08
Annual Interest ’till the close of the year 1800 2,397.081 94
Interest on Deferred Debt which becomes six per Cent: Stock after the year 1800 14,890,204.90 @ 6 per Ct. 893,412 29
Total Interest which would be payable annually after the year 1800, if the whole debt was subscribed Dollars 3,290,494 23

Alexander Hamilton
Secy of the Treasy

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