.MzE2Ng.Mjk1Mjk

remaining £118,867,,18,,6. to pay the Annuities till the 25th. of Dec. 1705. inclusive.

Also to raise £300,000. more for the War, by the Sale of Annuities, together with what should be necessary to discharge these Annuities till the 25th. of Dec. 1705. inclusive.

These last Annuities were to be dispos'd of in the following manner, An Annuity for one life at 9. years purchase, which came to £90. for every £10. Annuity; for two lives 11. years purchase, viz. £100. for £10. Annuity;

Also 12. years purchase for 3. years, which was £120. for every £10. &

lastly the former term of 99. years at 15. years purchase, which amounted to £150. for every £10.

This was a most dreadful anticipation of the Public Revenue, & was neither more nor less, than mortgaging a fund, & then borrowing money to pay the

catchword interest /catchword