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contraction of consolidated annuities, a bond issue designed to consolidate two or more outstanding issues, used in reference to British government stock. Public borrowing began in England with the establishment of the Bank of England and the national debt (1693–94), and the growth of the debt produced a confusing variety of stocks. Prime Minister Henry Pelham began to consolidate existing stocks in 1751. The consolidated stocks had a fixed rate of interest, or annuity, payable by the Bank of England, with premiums to be paid if the market conditions justified such payments. Consols bore no maturity date and were redeemable on call by the government. During the late 19th and early 20th cent., consols constituted the major part of the national debt and were thus a reliable index to the state of national credit.
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Introduced by Senator Joe Scarnati (R-25) two weeks after receiving a $5k donation from Consol Pennsylvania Coal Company (Consol), SB 624 was a direct response to a question currently pending before the EHB as to whether Consol can legally mine underneath and around Ryerson Station State Park, and knowingly damage the streams that flow through the area.
These drawings(4) by Joseph Michael Gandy are intended to show the construction and the (as yet unexecuted) finished state of the Consols Transfer Office at the Bank of England.
governments complaint, filed concurrently with the settlement, alleges chronic exceedances of osmotic pressure (OP) and other limits in Consols Clean Water Act discharge permits.