William Bramley/The Gods of Eden/23/230/0
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< William Bramley/The Gods of Eden | 23 | 230
the Bank of England! Specifically, the financiers had put together a total base of 72,000 pounds of actual gold and silver. By issuing notes valued at 16 2/3 times the base, the bank was able to make a loan to England of 1,200,000 Pounds in paper money. The yearly interest rate was 8 1/3%, which equaled 100,000 Pounds. This amounted to a profit of 28,000 Pounds, or 39% in just one year!
