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This day I heard the Duke speak of a great design that he and my Lord of Pembroke have, and a great many others, of sending a venture to some parts of Africa to dig for gold ore there. They intend to admit as many as will venture their money, and so make themselves a company. 250l. is the lowest share for every man. But I do not find that my Lord do much like it. 4th. I and Lieut.
Till lately this was not paid out of the post-office moneys, and the post-office revenue was not debited with the amount. Our gross post-office revenue is, as I have said, 3,358,250l.
Instead of paying a chief trader 300l. per annum, he might have 250l., and a sum of 1,000l. of stock placed to his credit, of which he would receive the dividends only, the stock itself reverting to the Company when his connection with them terminated. "A councillor might have 700l. pay and the dividends on 2,000l. stock.
'III. I will likewise directly make over to you a purchase I lately made in Kent, which brings in 250l. per annum, clear of all deductions.
There was no carpet on the floor, which was of a fine dirt-colour, and the chickens, ducks, and geese circulated freely about. Here now was a man paying, or promising to pay, 250l. a year in rent, and who yet seemed to have not the faintest idea of comfort.
I met only the other day a most intelligent gentleman from the north of Scotland, and he told me that the minister of the church he frequented had 250l. a-year from the Establishment Funds, which he thought very much too little, and he felt certain that, if the Establishment were abolished, and the Church made into a Free Church, the salary of the minister would be immediately advanced to at least 500l. a- year.
They trebled again. At last, when the gold was being got almost by the bucket, and a great mania for the shares had set in, the cobbler sold out at 250l. a share, and found himself a rich man. The mine was, I think, the Sir William Don, one of the most successful in Ballarat, now yielding a dividend of about 2l. per share per month, or a return of about 500 per cent. on the paid-up capital.
At the end of our conversation, of which I promised to report the purport to Mrs. Hoggarty, the Director was so kind as to say that he had determined on creating a place of private secretary to the Managing Director, and that I should hold that office with an additional salary of 150l. I had 250l. a year, Miss Smith had 70l. per annum to her fortune.
I relied upon the word of the old parson, who said he would write and stop any further proceedings; but my confidence was very soon betrayed, as I had notice that I had suffered judgment to pass by default, and a writ of inquiry was to be held at the next assizes to assess the damages. The writ of inquiry was executed at Winchester, and a verdict was obtained against me for, I believe, 250l.
Accordingly she had drawn her money out of the bank and stocks, being 250l., and had brought it to me at three different times for the benefit of the Orphans, the Bible Missionary and School-Fund, and the poor saints, About two months ago she brought me 100l. more, being the produce of some other possession which she had sold, the half of which was to be used for the School Bible-and Missionary Fund; and the other half for the poor saints.
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