[18] The following table will show the precise action of an investment
of 100_l._ on a nominee aged 90:--
£ _s._
100_l._ paid on Jan. 4. 1830, would produce
” ” on 6th April 1830 31 0
” ” on 10th Oct. 1830 31 0
” ” on April 5th 1831 31 0
------
93 0
If the nominee lived only one day longer, say to
April 6th, 1831, there would be due an additional 15 10
------
£108 10
------
Thus the capital and interest at 8-1/2 per cent. were returned in one
year, three months, and two days.
[19] One gentleman thinking that the Greenwich pensioners would afford
good subjects, went to the hospital with that purpose. But they all
gave their ages at 90 and above, and when the parish registers were
searched for the dates of their birth, it was discovered that they had
exaggerated, in some cases ten and in others twenty years. Every one
claimed the distinction of being nonogenarian, and the consequence was
that the stock-broker was completely baffled in his attempt.