Note 110 — PART II. CONTAINING Remarks on some Particulars in a Speech at opening the Budget in April 1776.
Reading edition
That is, in other words; there is no one who would not be glad to lend to government on any higher interest than that which he can make in the funds. There is no one, for instance, who would not be glad to lend 75l. at 4 per cent. when the 3 per cents. are at 76, and when, therefore, he cannot make 4 per cent. by purchasing them.