Editors. "Stanhope enacts Walpole's Sinking Fund to reduce the national debt". The Literary Encyclopedia. First published 01 April 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=17213, accessed 23 October 2014.]
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.
Please log in to consult the article in its entirety. If you are not a subscriber, please click here to read about membership. All our articles have been written recently by experts in their field, more than 95% of them university professors.