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Namespace Prefixes

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Statements

Subject Item
dbr:The_Equivalent
rdf:type
yago:Cost113275847 yago:Possession100032613 yago:WikicatPayments dbo:Settlement yago:TransferredProperty113252973 yago:Outgo113275288 yago:Relation100031921 yago:Payment113278375 yago:Abstraction100002137
rdfs:label
The Equivalent
rdfs:comment
The Equivalent was a sum negotiated at £398,085 10s. 0d. paid to Scotland by the English Government under the terms of the Acts of Union 1707. Proposals for it first emerged in the course of abortive Union negotiations in 1702 to 1703.
dcterms:subject
dbc:1707_in_Scotland dbc:Payments dbc:Unionism_in_Scotland dbc:England–Scotland_relations dbc:1707_in_England dbc:Negotiation dbc:1707_in_international_relations
dbo:wikiPageID
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dbo:wikiPageRevisionID
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dbo:abstract
The Equivalent was a sum negotiated at £398,085 10s. 0d. paid to Scotland by the English Government under the terms of the Acts of Union 1707. Proposals for it first emerged in the course of abortive Union negotiations in 1702 to 1703. The Equivalent's purposes were ostensibly to take account of the contribution that Scots taxpayers would then make towards servicing the English national debt and as transitional mitigation of the effects of higher taxes on the Scottish economy. Though attempts have been made to see it as a precise calculation, it is now generally regarded as part of a political bargain designed for other purposes as well, such as the costs of winding up the Company of Scotland which had undertaken the Darien scheme. Shareholders in and creditors of the Company were to receive 58.6% of The Equivalent. It was also suggested that payments found their way to members of the Scottish Parliament who voted for its abolition.
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dbr:Sum
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wikipedia-en:The_Equivalent?oldid=1010998034&ns=0
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wikipedia-en:The_Equivalent