fore, by striking tallies for it on the same fund, payable after all the rest of the money borrowed. And the discount of tallies then beginning to rise, great part of that money remained unraised; and there is nothing to pay interest for the money lent, till August the first, 1712. But the late lord treasurer struck tallies for the full sum directed by the act to be borrowed; great part of which have been delivered in payment to the navy and victualling offices; and some are still in the hands of the government.
"In 1709, part of the same fund was continued from August the first, 1714, to August the first, 1716, to raise six hundred forty-five thousand pounds; and no provision for interest till August the first, 1714 (which was about five years), but by borrowing money on the same fund, payable after the sums before lent; so that little of that money was lent. But the tallies were struck for what was unlent; some of which were given out for the payment of the navy and victualling; and some still remain in the hands of the government.
"In 1710, the sums which were before given from 1714 to 1716 were continued from thence to 1720, to raise one million two hundred ninety-six thousand five hundred and fifty-two pounds, nine shillings, and eleven pence three farthings; and no immediate provision for interest till August the first, 1716: only, after the duty of one shilling per bushel on salt should be cleared from the money it was then charged with, and which was not so cleared till Midsummer 1712 last; then that fund was to be applied to pay the interest till
