Book-bot.com - read famous books online for free

An Essay Upon Projects by Daniel Defoe
page 93 of 185 (50%)
suppose no improvement upon it for
the first year, except of the
2,500 pounds, which, lent to the king
on some good fund at 7 pounds per cent.
interest, advances the first year 175 0 0
The quarterage of the second year,
abating for 1,000 claims 19,800 0 0
And the interest of the first year's
money at the end of the second year,
lent to the king, as aforesaid, at
7 per cent. interest, is 1,774 10 0
The quarterage of the third year, abating
for claims 19,400 0 0
The interest of former cash to the end of
the third year 3,284 8 0
==============
Income of three years 66,933 18 0

Note.--Any persons may pay 2s. up to 5s. quarterly, if they please,
and upon a claim will be allowed in proportion.

To assign what shall be the charge upon this, where contingency has
so great a share, is not to be done; but by way of political
arithmetic a probable guess may be made.

It is to be noted that the pensions I propose to be paid to persons
claiming by the third, fifth, and sixth articles are thus: every
person who paid 1s. quarterly shall receive 12d. weekly, and so in
proportion every 12d. paid quarterly by any one person to receive so
many shillings weekly, if they come to claim a pension.
DigitalOcean Referral Badge