Excerpt from Some Notes on Municipal FinanceIn addition to this important difference between the rate of interest the municipality pays on its loans' and that which the sink~ ing fund. For their redemption. Earns. Considerable delay takes place in the investment of sinking fund moneys. And as a consequence a further loss in interest earnings inevitably ensues. In contrast to this. The genius of the instalment method is. That interest is being fully earned every day without exception.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.