Reasons for Dissent From the Scheme of Reduction of Interest on the Three-and-a-Half Per Cents, as Proposed by Government; And for Assent to Such ... Upon an Equitable Principle (Classic Reprint) - Softcover

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Excerpt from Reasons for Dissent From the Scheme of Reduction of Interest on the Three-and-a-Half Per Cents, as Proposed by Government; And for Assent to Such Reduction Only Upon an Equitable Principle

The honied words, therefore, in which the proposed reduction of the interest on the per cents. Has been announced, to soften to the stockholders that reduction, by paying at the public expense and loss 3% per cent. For ten years on their stock, while the rate of interest in the market is only £3. 1s. Per cent. - in tender consideration of their case, and to lower their interest gently, and not in terms of their contract, such honied words, if sincere, are the dictates of folly.

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