Such a tax would be subtracted from the interest at the time of payment, without any expense of collection.
One halfpenny in the pound would lessen the interest and consequently the taxes, twenty thousand pounds.

The tax on wagons amounts to this sum, and this tax might be taken off the first year.

The second year the tax on female servants, or some other of the like amount might also be taken off, and by proceeding in this manner, always applying the tax raised from the property of the debt toward its extinction, and not carry it to the current services, it would liberate itself.
The stockholders, notwithstanding this tax, would pay less taxes than they do now.

What they would save by the extinction of the poor-rates, and the tax on houses and windows, and the commutation tax, would be considerably greater than what this tax, slow, but certain in its operation, amounts to.
It appears to me to be prudence to look out for measures that may apply under any circumstances that may approach.

There is, at this moment, a crisis in the affairs of Europe that requires it.