Show COMPOUND INTEREST LUNCHEON LUNCH-EON The Worshipful Company of GIrdlera estimate that Ito luncheon given by thorn lo the Secretary of Suite and members of the Council of India on Wednesday work out at something over 2000000 a head The history of this remarkable feast is absolutely unique In 1C34 a Mr Robert Rob-ert Bell then master of the company ordered from the East India company a Persian carpet at the cost of 5150 For this carpet the East India company now represented by the Council of India In-dia never received payment It was only recently that the present Master of the GJrdlers the Lord Mayor discovered the debt and made the startling discovery that at the ordinary rate of compound interest the sum they now owed amounteel lo no less than 1 107000000 The Glrdlers consulted together and came to the natural conclusion that they could not meet their obligations Not wishing however to appear dishonorable dis-honorable they suggested that they should entertain the Council of India at a luncheon which should wipe off the score The Council agreed and the Glrdlon as a result entertained them at a luncheon over which the Lord Mayor uresldoel There were seventyfive guests present pres-ent so that each one so to speak consumed con-sumed a meal costing over 2000000 London Leader |