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Annuity Notes
To Pitt
(9) To compass the reduction of interest, Mr Pelham's
plan gave up redemption of principal. With the
help of the measure here proposed moreover each of the two modes both sources
of alleviation will become go on hand in hand, and
be mutually assistant preventive. With him, the benefit stopt
short: here it would find its maximum. Nor
need that maximum small run into excess: the
repaid abolition of taxes being a waste pipe by which any
excess in the reabsorption of public debt may, Is
if there be room for excess, be stopt at pleasure.