JB/002/243/002

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Let us nowapply this general reasoning to the circumstances of some Fiction relating to
the Sinking Fund
particular loan: viz: the loan of 21 Feby 1800.

Sum borrowed £18,500,000

Whereof borrowed for the purpose of red the 4.14: 2 1/4
x 12,000
Sinking Fund, particulars as follows.

1. Annual million for the First Sinking Fund 48,000
6,000
2,400
50
76 5
—
56,456 5s
First Sinking Fund — 1,000,000

Usual Grant for do 0,200,000

One per Cent upon the Capital created by the present Loan ]
] 0,078,500
for the Second Sinking Fund ] 0,185,000

Borrowed £5,000,000 only on this amount —

Total borrowed for the purpose of redemption - - - 1,200,000

Remains borrowed for the purpose of war}
expenditure - - - - - -} 19,298,000
17,300,000

So much for the nominal fruit: let us now observe
the real fruit of the loan, so far as concerns this partbranch of it.

Amount of annual

Interest upon the above principal at the
declared alledged rate of £4:14:2d 1/4. £54017:0s.2d

It is a curious enough circumstance, that by a mere
collateral circumstance, such as the mode of transfer
allowed, and the nature of the evidence required in proof
of , a speciesthe nature of property in itself the same
in both cases, should undergo so material a change

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