noun
definition
A perpetual bond issued by the United Kingdom, from the 18th century.
Examples of consols in a Sentence
In 1899 he lowered the fixed charge for the National Debt from twenty-five to twenty-three millions - a reduction imperatively required, apart from other reasons, by the difficulties found in redeeming Consols at their then inflated price.
His most ambitious effort was his attempt to effect a conversion of consols in 1884, but the scheme proved a failure, though it paved the way for the subsequent conversion in 1888.
The mutiny at the Nore, the threat of rebellion in Ireland, the alarming fall in consols, argued strongly against continuing the war singlehanded, and in July Lord Malmesbury had been sent to Lille to open fresh negotiations with the plenipotentiaries of France.
In the autumn of 1847 a series of failures in the great commercial centres created a panic in the city of London, which forced consols down to 78, and induced the government to take upon itself the responsibility of suspending the Bank Charter Act.
The land itself in one shape or another formed the security, and guaranteed stock was issued which the holder might exchange for consols.
Under these modifications the Spanish debt at the close of the 19th century, exclusive of 44,000,ooo of treasury debt, consisted of 41,750,000 of exterior debt, still temporarily exempted from taxation on the condition of being held by foreigners, of 270,000,000 of 4% interior consols, and of 6o.ooo,ooo of new 5% consols, renlacing the war and floating debts.
The national debt, which consisted before the war of 234,866,500 of external Financial and internal consols ar,d redeemable debts, and and Political 24,2 50,000 of home floating debt, was increased Reoiganizaby 46,21o,ooo of Cuban and Philippine debts, which tion.
The amortization of the home and colonial debts was suppressed, and the redeemable debts of both classes were converted into 4% internal consols.
The nearest Consols came to being bearer bonds were ' stock certificates to bearer bonds were ' stock certificates to bearer ' .
The organ is endowed with £ 1000., three per cent consols, for defraying the salary of the organist, Mr. Thos.
Measures were enforced to prevent Italian holders of consols from sending their coupons abroad to be paid in gold, with the result that, whereas in 1893 3,24o,ooo had been paid abroad in gold for the service of the January coupons and only 680,000 in paper in Italy, the same coupon was paid a year later with only 1,360,000 abroad and 2,540,000 at home.
The tax upon consols, which, in conjunction with the other severe fiscal measures, was regarded abroad as a pledge that Italy intended at all costs to avoid bankruptcy, caused a rise in.