Under Morgan, the legislature created a sinking fund to provide financial assistance to new programs, namely a new road system.
22.
On April 6, 1932, this organization was sued for nonpayment of taxes and sinking fund payments due on the mortgage bonds.
23.
Tuesday, the Cabinet turned down the organisation's proposal that it should be allowed to use Bt1.7 billion of the sinking fund.
24.
However, the event of war with France in 1793 " destroyed the rationale of the Sinking Fund " ( Eric Evans ).
25.
The most immediate need would be an inviolate tax-financed sinking fund adequate to meet annual interest obligations while also reducing the principal.
26.
Sinking funds were also seen commonly in investment in the 1800s in the United States, especially with highly invested markets like railroads.
27.
A sinking fund makes the bond less risky, and therefore gives it a smaller " coupon " ( or interest payment ).
28.
A sinking fund was a sum of money that the government undertook to set aside each year to pay down its debt.
29.
The 1850 Constitution also created a sinking fund for the liquidation of the state's debt, which had climbed to $ 4.5 million.
30.
In his new political positions, and encouraged by his advisers, Walpole introduced the sinking fund, a device to reduce the national debt.
