JB/002/284/001

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Abstract

Ch. XVI. Reduction of Interest — proposed mode compared
Ch. Pelham's Plan compared with the proposed Plan with M<hi rend="superscript">r Pelham's</hi> —
in respect of the Reduction of Interest

Reduction of Interest is a declared object with
Parliament +: - the only question is as to the mode.

To exhibit the advantages possess by the proposed plancomparative eligibility as between the two plans —
(the one Mr here proposed for the future, and the one pursued in time past
by M<hi rend="superscript">r Pelham</hi>) I will consider them bothtogether under the several heads of
gross profit — expence — dispatchcelerity of operation — — previous assurance
of success — and gentleness of operation: - and
that the contrast may be the more conspicuous it will
be proper, afterin exhibiting and the above heads the feature of Mr Pelhams
plan, under the those above heads, as it was actually
carried into executive at that time, in regard to the comparatively
small mass of the existing debt,
it applied, as for as may be to the circumstances
of the prodigiously superior mass of debt existing at present.
not forgetting, in the occasion of Mr Pelham's, its hypothetical
application that may be made of it to the present times, with their almost eight fold
mass of debt.

I. Expen As to Expense:- viz: as compared with profit.
i:e: ratio of expence to profit.

In Mr Pelham's time, the