Hence the usual misapplication of the sinking fund.

因此，偿债基金通常会被滥用。

To borrow of the sinking fund is always an obvious and easy expedient for getting out of the present difficulty.

借用偿债基金一直是摆脱当前困难的明显而简便的权宜之计。

Sarah, well, Sarah, tell us a little bit more about how you've heard people use sinking funds or savings spaces.

莎拉，好吧，莎拉，告诉我们更多关于你如何听到人们使用偿债基金或储蓄空间的信息。

Whether the sinking fund of Great Britain has been more frequently applied to the one or to other of those two purposes, will sufficiently appear by and by.

英国的偿债基金是否更频繁地用于这两个目的中的一个或另一个，将很快得到充分证明。

For these represent a species of corporate saving, so that a policy of substantial sinking funds must be regarded in given circumstances as reducing the propensity to consume.

因为这些代表了一种公司储蓄，所以在特定情况下必须将大量偿债基金的政策视为降低消费倾向。

We must also take account of the effect on the aggregate propensity to consume of government sinking funds for the discharge of debt paid for out of ordinary taxation.

我们还必须考虑政府偿债基金对用于清偿非正常税收债务的总消费倾向的影响。

The sinking funds of local authorities now stand, I think, at an annual figure of more than half the amount which these authorities are spending on the whole of their new developments.

我认为，地方当局现在的偿债基金每年超过这些当局在整个新开发项目上花费的金额的一半以上。

Yet it is not certain that the Ministry of Health are aware, when they insist on stiff sinking funds by local authorities, how much they may be aggravating the problem of unemployment.

但不确定卫生部是否意识到，当他们坚持要求地方政府硬性偿债时，他们可能会在多大程度上加剧失业问题。

It amounted to more than ninety millions sterling, including not only the new debt which was contracted, but the two shillings in the pound additional land tax, and the sums which were every year borrowed from the sinking fund.

总计超过九千万英镑，其中不仅包括新签的债务，还包括每英镑附加的两先令土地税，以及每年从偿债基金中借来的款项。

It is for this reason that a change-over from a policy of government borrowing to the opposite policy of providing sinking funds (or vice versa) is capable of causing a severe contraction (or marked expansion) of effective demand.

正是出于这个原因，从政府借贷政策转向相反的提供偿债基金政策（或反之）能够导致有效需求的严重收缩（或显着扩张）。