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Art 22 33
Abstract
<note> Plan
to equal
universal <add> look
between
1717 & 1750
Art. 22 [19] [1 1/2 per cent nearly] this degree See table T
Note [m J. — From
of reduction would be no greater than what has
been already exemplified From 3 to 1 1/2 is
no greater in of reduction than from 6
to 3; <add> which is the reduction being that, which, in the course of
33 years, viz: between 1717 and 1750, took
place in regard to divers parcels of Stock, though
the reduction of the great mass from 4 to 3
per Cent was not completed till 1757. See
II Similar II.112..
When Adam Smith wrote, the rate of interest
in the Dutch Funds was already as low as
2 per Cent. [Wealth of Nations [Bx.Ch.IX.]
