human
Exactly! said the Prince;
gpt
I was just going to show that the instalment of 4 per cent. on the advance of 30 millions is £1,200,000 a year. Very well; suppose that in one year, though the hypothesis is utterly impossible, that not one single sixpence of annuity is paid. How would that be?
human
Precisely. My right hon. friend reminds me, what indeed I was just about to show, that there would be first the £200,000 reserve fund; secondly, there would be the £200,000 annual probate grant; thirdly, £40,000 of the new Exchequer contribution, and £75,000 of the quarter per cent, local per-centage, and there would be besides that £1,118,000 of tenants' reserve. So that without touching the £5,000,000, which was the landlords' fifth, and without touching a sixpence of the contingent portion of the guarantee fund, you would have £1,633,000 to meet the call of £1,200,000.