1787-11-08 (static/transcriptions/1787/11/087.jpg)

is notorious that by the Compy’s regulations the Treary Orders are pd in succession of genly above a year after the date.
Now suppose 6 months Int: due on an Order for SR 100, Plf reckons that at 104 -- & takes 12 per cent on that Sum. But the borrower, if the discount on such orders be 6 per Cent, can receive only 94. He therefore reserves R 12 1/25 on 94 Rs instead of 12 on 100.

But says the Plf this money was not lent it was