Amount paid per year to repay Slavery Abolition Act loan (since 1883/1885)

Alex Taylor made this Freedom of Information request to Her Majesty's Treasury

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

Her Majesty's Treasury did not have the information requested.

To Her Majesty’s Treasury,

As widely reported, in 1833/35 [1] the UK government borrowed £20m, 40% of its national budget, to “recompense” slave owners for losing their “property” [2] - under the Slavery Abolition Act. On 9 February 2018, HM Treasury announced (via Twitter) that this loan had been paid in full. A related FOI request that HM Treasury responded to on 9 February 2018 sets the date of the loans 'consolidation' to be the 1 February 2015: "The 4% Consolidated Loan was redeemed on 1 February 2015" [3].

Under the Freedom of Information act, I request further details of this loan. Specifically, I request the annual amount paid per year since 1833/35.

I also request to total sum paid to repay the loan, including interest.

Yours faithfully,
Alex Taylor
London

1. From the documentation available, it's unclear whether the loan began in 1833 or 1835.

2. This was covered by a number of news organisations. Two examples from the Guardian follow:
- https://www.theguardian.com/commentisfre...
- https://www.theguardian.com/commentisfre...

3. https://www.gov.uk/government/publicatio...

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FOI Requests, Her Majesty's Treasury

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Dear Alex Taylor

 

Please find attached a letter in response to your Freedom of Information
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[1]http://discovery.nationalarchives.gov.uk/

 

[2]http://www.legislation.gov.uk/ukpga/Will...

 

Yours sincerely

 

Information Rights Unit | HM Treasury, 1 Horse Guards Road, London, SW1A
2HQ   [3]www.gov.uk/hm-treasury

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