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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12)"

_: 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
fraud never appeared in any transaction. But the ministers, faithful to
the plan of the interested persons, whom alone they thought fit to
confer with on this occasion, have ordered the payment of the whole mass
of these unknown, unliquidated sums, without an attempt to ascertain
them.


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