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Two Tracts on Civil Liberty, the War with America, and the Debts and Finances of the Kingdom

Note 99 — PART II. CONTAINING Remarks on some Particulars in a Speech at opening the Budget in April 1776.

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Had this interest been insufficient, it might have been increased a 16th or even an 8th per cent. without any material difference; or, (which would have been better) 3½ per cent. might have been offered for four fifths of the sum borrowed, and 4 per cent. for the remainder; in which case, the annuity payable by the public would have been 65,790l.

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