Note 107 — PART II. CONTAINING Remarks on some Particulars in a Speech at opening the Budget in April 1776.
Reading edition
At the time of this loan, the 3 per cents. were above 75; and, therefore, a perpetual annuity of 3l. could not be purchased for 75l. and an annuity of 1l. 2s. 6d. for 99 years, was worth at least 27l. This, therefore, would have been a scheme very profitable to subscribers.