They give him 12d. per pound quite
through the Army, with condition to be paid weekly, This he
undertakes for his own private credit, and to be paid by the King
at the end of every four months. If the King pay him not at the
end of every four months, then, for all the time he stays longer,
my Lord Treasurer by agreement allows him eight per cent. per
annum for the forbearance. So that, in fine, he hath about
twelve per cent. from the King, and the Army, for fifteen or
sixteen months' interest; out of which he gains soundly, his
expense being about 130,000l. per annum; and hath no trouble in
it, compared (as I told him) to the trouble I must have to bring
in an account of interest. Talk there is of a letter to come
from Holland, desiring a place of treaty; but I do doubt it.
This day I observe still in many places the smoking remains of
the late fire: the ways mighty bad and dirty. This night Sir R.
Ford told me how this day, at Christ church Hospital, they have
given a living of 200l. per annum to Mr. Sanchy, my old
acquaintance, which I wonder at, he commending him mightily; but
am glad of it.
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