Note 151 — SUPPLEMENT TO SECTION III PART II.

Should this be disregarded, and a long annuity offered, as a douceur, of 1½ per cent. for 90 or 100 years, eight millions might perhaps be borrowed at an interest, including the long annuity, of 4½ per cent. even though the 3 per cents. should fall as low as 73.—And this, probably, would be the very scheme a minister would prefer, who, minding chiefly present ease, did not care how much he burdened the nation hereafter.