Note 193-9 — Chapter IV
John J. (John Joseph) Lalor translation
In Holland, the legal rate of interest was lowered, in 1640, to 5 per cent., and in 1655 to 4; but not since. (Sir J. Child, Discourse of Trade, 151.) Besides, Locke, Considerations on the Lowering of Interest, Works, III, 34, assures us that, in his time, a man in England could make contracts for unlimited interest.