Note 128 — PART III.
Reading edition
The Land-tax at 3s. is given by Parliament for 1.500,000l.; and the Malt-tax for 750,000l. but they are always greatly deficient.—Both these taxes (and also sometimes the income of the Sinking Fund) are borrowed of the Bank, and spent long before they come into the Exchequer; and therefore, are debts constantly due to the Bank, for which interest is paid.