As I thought.
Only I forgot the ten shillings!.
From: Stephen Thwaite <thwaite(a)xtra.co.nz>
Sent: 12 August 2019 23:55
Subject: [LAN] Re: Transcribing wills // comment
Centum would be correct
The interest rate on the loan is 4.5% pa (ie 4 + one half pounds per 100 pounds of capital
SO - interest on 150 GBP is 6.75 GBP = 6 pound 15 shillings pa
On 13 August 2019 at 10:26 Howard Jones
Having taken advantage of the lower prices for Wills, I?m now getting
around to transcribing them and have a query.
I have come across several parts referring to mortgages where the form
of the text is as follows, ?subject to the mortgage thereon to William
Powell for securing to him the sum of one hundred and fifty pounds and
interest at four pounds ten shillings per centum per annum?.
I?m assuming that it says, ?ten shillings per centum per annum?, but
?centum? is hard to read.
Looking online I assume the word is centum and that this means that
the yearly interest is 4 per every 100. So for 150 it would be 6.
Am I correct?
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