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The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12) by Edmund Burke
page 49 of 516 (09%)
which, it seems, will reduce it again to the lower standard of
1,400,000_l._

Failing in all my attempts, by a direct account, to ascertain the extent
of the capital claimed, (where in all probability no capital was ever
advanced,) I endeavored, if possible, to discover it by the interest
which was to be paid. For that purpose, I looked to the several
agreements for assigning the territories of the Carnatic to secure the
principal and interest of this debt. In one of them,[28] I found, in a
sort of postscript, by way of an additional remark, (not in the body of
the obligation,) the debt represented at 1,400,000_l._: but when I
computed the sums to be paid for interest by instalments in another
paper, I found they produced an interest of two millions, at twelve per
cent; and the assignment supposed, that, if these instalments might
exceed, they might also fall short of, the real provision for that
interest.[29] Another instalment-bond was afterwards granted: in that
bond the interest exactly tallies with a capital of 1,400,000_l._:[30]
but pursuing this capital through the correspondence, I lost sight of it
again, and it was asserted that this instalment-bond was considerably
short of the interest that ought to be computed to the time
mentioned.[31]

Here are, therefore, two statements of equal authority, differing at
least a million from each other; and as neither persons claiming, nor
any special sum as belonging to each particular claimant, is ascertained
in the instruments of consolidation, or in the installment-bonds, a
large scope was left to throw in any sums for any persons, as their
merits in advancing the interest of that loan might require; a power was
also left for reduction, in case a harder hand, or more scanty funds,
might be found to require it. Stronger grounds for a presumption of
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