Enclosure in No. 11.
Date at which payment would have been made according to original pain. | Interest accruing by delay, | ||
£ | £ s. d. | ||
1st June, 1852. | First instalment | 1,000 | |
Paid October, 1853, 16 months, @ 10 cent. | 133 6 8 | ||
1st June, 1853. | Second instalment | 500 | |
Paid November, 1853, 5 months, @ 10 cent. | 20 16 8 | ||
1st June, 1854.Third | instalment | 500 | |
£2,000 | |||
Paid November, 1853 | Total interest | £154 3 4 | |
Deduct discount, 7 months, @ 10 cent. | Total interest | 29 3 4 | |
Excess of interest over discount | £125 0 0 |