Note 28 — PART IV. OF PUBLIC CREDIT.
Reading edition
The annuities of 1757, are estimated, by the author of the Considerations on Trade and the Finances, at 472 500l. or at 14 years purchase; and the annuities of 1761, 1762, at 6 826 875l. or at 27½ years purchase. But this valuation seems too low, for the reasons given in the note, p. 394.