30 Jan y 1808

3. Interest allowed

Take for example the length of delay that has been stated by authority /+ 27 Finance Reprt of 1798.p./ in the medium length upon such in the Intermediate delay-chops. viz. a twelve-month: and where[?] in this case the additional value which in either character /of the above characters/ the remedy acquire by the substitution of compound interest to simple │ │ I take the case of these shapes, because no time at all being applied to the business in the part of the [...?] shop [...?] the quantity of the business /custom/ might encrease to infinity without producing any addition to the delay /made/ by a deficiency in such time.

Principal due[?] from the defendant, as per judgment, say ,1000 Rate of interest ,5 per annum: hence for interest it is to be computed one year

I. Account, payable by defendant to plaintiff, the interest being computed in the manner of simple interest

1. Principal - ,1,000

2. Interest of the first half year 25

3.[...?] in the 2 d year 25

Total Great[?] 1,050

II. Account between [...?] and [...?] upon [...?] sum at compound interest

1. Principal 1,000

2. Interest of the first half year 25

3. Interest of the second half year 25

4. Half years Interest of ,25 being the sum due on the score of interest at the end of the first half year 12.6 d

Total ,1,050.12:6