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August 21

% interest and % sinking fund

I read in an pdf about expropiation that the government had:

to offer two-year certificates bearing 8% interest and a 4% sinking fund in exchange for the properties.

I know that the bank offers loans for % interest, but what is sinking fund. I read the WP article but don't understand it. Can you help me?. --Keysanger (talk) 17:51, 21 August 2016 (UTC)[reply]

A sinking fund works on the same principle as insurance, although in this case instead of giving money to someone else (and thus having to pay their expenses) you put the money aside over a period so that you have enough to meet a large future payment that you know you need (or want) to make. So it's really more like self - insurance. 86.128.233.253 (talk) 00:22, 22 August 2016 (UTC)[reply]

See Sinking fund. --69.159.9.219 (talk) 04:03, 22 August 2016 (UTC)[reply]

As far as I understand:

the state take my property
the state says me your property is, lets say, $100 worth. It gives me a bond for $100 and promises to pay me every year $8 until it pays the $100.

That is what I learnt about a interest rate.

I read sinking fund and understand that The fund received whatever surplus occurred in the national Budget each year. but why should I accept 4% if I can get 8% interest?

Is it additional to the interest rate or an alternative payment at (some) end of the contract?

--Keysanger (talk) 14:48, 22 August 2016 (UTC)[reply]

Censorship of Aaron's Rod

Aaron's Rod by D.H. Lawrence was originally published in 1922. Both the first British edition and the first American edition were censored by their publishers. Which of these is less censored—closer to the original text by Lawrence? (This Google book looks like it has relevant information but it won't show me enough pages: [1].) Thanks, BethNaught (talk) 18:52, 21 August 2016 (UTC)[reply]

Nevermind, this has been answered elsewhere. BethNaught (talk) 07:24, 23 August 2016 (UTC)[reply]