"Decadal" Quotes from Famous Books
 ... if the purchaser did not obtain immediate relief by agreeing to buy. To meet this practical difficulty Mr. Gerald Balfour, in 1896, permitted the purchaser to write off the amount repaid by sinking fund during the first and two successive periods of ten years. These "decadal reductions" were optional. If the purchaser forewent them he paid L4 per L100, and extinguished his debt in 42-1/2 years. If he availed himself of them he paid L3 8s. 7d. per L100 after the first ten years, and continued to pay, with two further reductions in prospect, till the debt was extinguished ...
— Against Home Rule (1912) - The Case for the Union • Various |
