18 FEBRUARY 1843, Page 12

EQUITABLE ADJUSTMENT.

TO THE EDITOR OF THE SPECTATOR.

London, 6th February 1813.

Sin—In reference to the remark of X, repeated by THOMAS HOPKINS and published in the Spectator, that in consequence of the standard of value not having been altered, public creditors are now receiving at least one-third more of commodities than by the terms of the original contracts they are en- titled to, I beg to ask, whether the reduction of the interest on the Public Funds from 5 to afr and 3 per cent is not substantially such an equitable adjustment (as between the state and individuals, though not ,ets between private debtors and creditors) as that which they argue in favour ot?