An Essay Upon Projects by Daniel Defoe
page 97 of 185 (52%)
page 97 of 185 (52%)
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Besides this, the interest of the quarterage, which is supposed in the former account to lie dead till the year is out, which cast up from quarter to quarter, allowing it to be put out quarterly, as it may well be, amounts to, by computation for five years, 5,250 pounds. From the fifth year, as near as can be computed, the number of pensioners being so great, I make no doubt but they shall die off the hands of the undertaker as fast as they shall fall in, excepting, so much difference as the payment of every year, which the interest of the stock shall supply. For example: Pounds s. d. At the end of the fifth year the stock in hand 94,629 15 6 The payment of the sixth year 20,000 0 0 Interest of the stock 5,408 4 0 ================== 120,037 19 6 Allow an overplus charge for keeping in the house, which will be dearer than pensions, 10,000 pounds per annum 10,000 0 0 Charge of the sixth year 22,500 0 0 Balance in cash 87,537 19 6 ================== 120,037 19 6 This also is to be allowed--that all those persons who are kept by the office in the house shall have employment provided for them, |
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