Considerable attention has of late been bestowed on the equitable mode of computing the interest which ought to be charged for fractional portions of a year. Various opinions have been offered relative to the solution of the problem. The basis on which they mutually rest, and on which it appears to me that every solution of the problem must rest, is this—“That the interest chargeable for any fractional part of a year shall at the end of the year amount to a sum which bears the same proportion to the whole annual interest that the period bears to the whole year.”