A. D. 1720. 81 



they gave them L700 (lock for each Lioo annuity, at 375 per cent, its 

 value being _____ L.2,625 o ^ 



And they gave them in bonds and money to the amount 

 of - - - - - - 575 o o 



The total, as they were thus valued, was - L3,200 o o 



For the other long annuities, called 14 per cents, they gave for 



each L98 per annum, the fame flock, valued as above L2, 625 o o 



And in bonds and money - - - 5 1 1 o o 



Total - - L3,i36 o o 



And in this proportion for any greater or lefler fum of thofe 

 annuities. 



For the fhort irredeemables, called 9 per cents, which, as well as 

 the blank and prize tickets of lottery 171 o, they valued at feventeen 

 years purchafe, they gave the following terms, viz. 



The 9 per cents for every L90 per annum, had L350 flock at 375 

 per cent - - - - - Li,3i2ioo 



And in bonds and money - - - 217 10 o 



Total - - Li,53o o o 



For prizes of lottery 171 o for every Lioo per annum they had L400 



flock at 375 per cent, which is - - - Li,5oo o o 



And in bonds and money - - - 200 o o 



Total - - Li, 700 o o 



For blank tickets of lottery 1710, for every L98 per annum, L350 



flock at 375 per cent, which is - - - Li,3i2 10 o 



And in bonds and money _ - _ ^^■^ 10 o 



Total - - Li, 666 o o 



Confidering the frenzy of this time, it mufl be confcfled, that thefe 

 terms to the irredeemables were tolerably fair, had the lubfcribers been 

 allowed the immediate difpofal of the flock now allotted to them, 

 which was far from being the intention of the junto. We mufl: here 

 alfo remark, in favour of the diredlors, that they gave fix days time to 

 thefe firfl fublbribers to declare their acceptance or non-acceptance of 

 the terms *. So that in this, and mofl of the other tranfadlions relating 

 to this great and unparalleled affair, the fubfcribers, efpecially in the for- 



• The (lock being above 500 ptr cent on the 25th of May was a great temptation to accept. ^. 



Vol. III. L 



