43[57], the peace establishment of 1764 and 1765 stated at 3,609,700_l._ This is near two hundred thousand pounds less than that given in "The State of the Nation." But even from this, in order to render the articles which compose the peace establishment in the two periods correspondent (for otherwise they cannot be compared), we must deduct first, his articles of the deficiency of land and malt, which amount to 300,000_l._ They certainly are no part of the establishment; nor are they included in that sum, which I have stated above for the establishment in the time of the former peace.

If they were proper to be stated at all, they ought to be stated in both accounts.

We must also deduct the deficiencies of funds, 202,400_l._ These deficiencies are the difference between the interest charged on the public for moneys borrowed, and the produce of the taxes laid for the discharge of that interest.

Annual provision is indeed to be made for them by Parliament: but in the inquiry before us, which is only what charge is brought on the public by interest paid or to be paid for money borrowed, the utmost that the author should do, is to bring into the account the full interest for all that money.

This he has done in p.