360 Emigration-Report. [ Oct. 
ve dee: 
grant the fourth of that sum every year—and no moreis asked of them—to 
go towards paying the interest and liquidating the loan, and Save*them-" 
selves £150,000 every year. We hope our readers understand us.’ Tlie 
interest of this first loan will amount only to £30,100, therefore there 
will be a balance in hand at the end of the first year, of £ 19,900, froin’ 
the parish contributions. aa0Mt -O8 
Now comes the second year, and away go, on the Ist of January 
1828, the second party of five thousand families; and for these a 
second loan must bera ised, but less by £19,900, than the loan of the first 
year; and the parishes again, with a dancing alacrity, give a ‘second 
£50,000 to save a second £150,000. The same course is pursued the 
third year,—the loan decreasing, the reader will observe, as the balance 
in hand increases; but in the fourth year another element of calcu- 
lation on the credit side enters into the account—for really and truly— 
would heart of man conceive it ?—the prosperous five thousand of the 
first year, will this fourth year be themselves ready to contribute 
£50,000, that is, £10 afamily. And thus—farther particulars are quite 
superfluous—the calculation proceeds year after year, in the nicest, 
neatest, most satisfactory manner conceivable, without let or interrup- 
tion, through the whole six and twenty years ;—every successive year a 
fresh 5,000 goes out, every successive year the new loan reduces by 
the amount of the accumulating balances, every successive year, each 
successive five thousand, in its fourth year, steadily and punctually 
remits £50,000, till at last, at the end of five and twenty years, the 
final batch of 10,481—the last is the largest,—the calculator getting 
weary, or things running more and more of their own aceord—is 
actually transported without borrowing a farthing; the whole of the 
loans are paid off; and the final and beautiful result is, the parishes are 
clear of the paupers, scarcely any thing out of pocket, and not one 
farthing, we believe, to pay again for ever and ever. The scheme: is’ 
magnificent, and worthy the exertions of this brave and laborious ‘Com- 
mittee—every one of them deserves a pension—with the under-secretary 
for the colonies at its head, from ‘ Lunze, 20° die Martii to Veneris, 26° 
Maii 1826,’ together with such a splendid catalogue of members of the’ 
House, country magistrates, colony speculators, and Irish bishops, 
with their overpowering evidence, as it never could have entered into 
the heart of man to expect or conceive. 
We are ourselves no great hands ata plan; but let us try for once. 
140,060—dropping the hundreds, tens, and units— x 150 = £22,000,000. 
Raise this amount at once. Less than a sixth of what these families 
would cost at home will pay the interest of the loan. Advance this 
interest for three years; and the fourth year, the colonists themselves 
will of course be able to remit £1,140,000, which will not only pay the 
interest of that year, but leave a surplus applicable to the indemnifying of 
the parishes for the advances of the first three years. The similar sur-- 
pluses of the fifth, sixth, seventh, and eighth years will make up the 
whole advance of the parishes; and the interest and liquidation of the” 
debt may then be left to the ample funds of the thriving and thrifty 
colonists themselves, without the interference or guarantee of the pa- 
rishes. Thus at the end of eight years, instead of twenty-six, the 
parishes will be actually and wholly mdemnified for the outlay—risk 
there is none,—and actually and perfectly clear of the paupers. A~ 
decidedly better scheme than the other, and equally practicable, though 
; gn 
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