An abstract of the Discourse on the late funds of the Million-act, Lottery-act, and Bank of England Together with proposals for the supplying their Majesties with money on easy terms, exempting the nobility and gentry, &c. from taxes, enlarging their yearly estates, and enriching all the subjects in the kingdom. Humbly offered and submitted to the consideration of the Lords spiritual and temporal, and Commons in Parliament assembled. By J. B.
         Discourse on the late funds of the Million-act, Lottery-act, and Bank of England. Abridgments
         Briscoe, John, fl. 1695.
      
       
         
           1694
        
      
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             An abstract of the Discourse on the late funds of the Million-act, Lottery-act, and Bank of England Together with proposals for the supplying their Majesties with money on easy terms, exempting the nobility and gentry, &c. from taxes, enlarging their yearly estates, and enriching all the subjects in the kingdom. Humbly offered and submitted to the consideration of the Lords spiritual and temporal, and Commons in Parliament assembled. By J. B.
             Discourse on the late funds of the Million-act, Lottery-act, and Bank of England. Abridgments
             Briscoe, John, fl. 1695.
             Briscoe, John, fl. 1695. Discourse on the late funds of the Million-act, Lottery-act, and Bank of England.
          
           15, [1] p.
           
             [s.n.],
             London :
             printed in the year, MDCXCIV. [1694]
          
           
             Signed at end: John Briscoe.
             Copy has some print show-through.
             Reproduction of the original in the Henry E. Huntington Library and Art Gallery.
          
        
      
    
     
       
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           Bank of England -- Early works to 1800.
           Finance -- England -- Early works to 1800.
           Banks and banking -- England -- Early works to 1800.
        
      
    
     
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           AN
           ABSTRACT
           OF
           THE
           DISCOURSE
           ON
           THE
           Late
           FUNDS
           of
           the
           
             Million-Act
             ,
             Lottery-Act
          
           ,
           and
           
             Bank
             of
          
           England
           .
        
         
           Together
           with
           PROPOSALS
           for
           the
           supplying
           their
           Majesties
           with
           Money
           on
           easy
           Terms
           ,
           exempting
           the
           Nobility
           and
           Gentry
           ,
           &c.
           from
           Taxes
           ,
           enlarging
           their
           Yearly
           Estates
           ,
           and
           enriching
           all
           the
           Subjects
           in
           the
           Kingdom
           .
        
         
           Humbly
           offered
           and
           submitted
           to
           the
           Consideration
           of
           the
           Lords
           Spiritual
           and
           Temporal
           ,
           and
           Commons
           in
           Parliament
           assembled
           .
        
         
           By
           J.
           B.
           
        
         
           London
           ,
           Printed
           in
           the
           Year
           ,
           MDCXCIV
           .
        
      
    
     
       
         
         
         
           I
           Have
           in
           a
           larger
           Treatise
           shewed
           ,
           that
           no
           Place
           is
           better
           situated
           for
           Trade
           than
           England
           ;
           but
           that
           the
           great
           Encouragements
           given
           to
           such
           who
           advanced
           Money
           on
           the
           Funds
           of
           the
           Million-Act
           ,
           Lottery-Act
           and
           Bank
           of
           England
           ,
           were
           very
           prejudicial
           in
           that
           they
           increased
           the
           Interest
           of
           Money
           ,
           which
           I
           demonstrated
           to
           be
           very
           destructive
           to
           the
           Trade
           of
           the
           Kingdom
           .
           I
           proved
           that
           for
           the
           Million
           raised
           in
           1692
           ,
           (
           had
           the
           whole
           been
           paid
           in
           upon
           Annuities
           with
           Survivorship
           )
           the
           Nation
           would
           have
           paid
           9314216
           l.
           13
           s.
           9
           d.
           more
           than
           the
           Principal
           and
           Interest
           ,
           and
           Interest
           upon
           Interest
           ,
           at
           5
           
             l.
             per
             Cent.
             per
             Annum
          
           ;
           and
           that
           for
           advancing
           a
           Million
           of
           Money
           on
           the
           Lottery-Act
           ,
           the
           Nation
           will
           pay
           1129174
           l.
           5
           s.
           2
           d.
           in
           sixteen
           Years
           time
           more
           than
           their
           Principal
           and
           Interest
           ,
           and
           Interest
           upon
           Interest
           ;
           and
           that
           the
           Bank
           of
           England
           ,
           if
           they
           shall
           be
           continued
           for
           sixty
           Years
           ,
           will
           be
           paid
           for
           the
           1200000
           l.
           advanced
           by
           the
           Contributors
           to
           their
           Majesties
           ,
           above
           14
           Millions
           more
           than
           their
           Principal
           and
           Interest
           ,
           and
           Interest
           upon
           Interest
           .
           I
           have
           shewed
           that
           these
           great
           Encouragements
           to
           advance
           Money
           on
           the
           late
           Funds
           will
           ruin
           the
           Trade
           of
           the
           Kingdom
           ;
           that
           Tradesmen
           who
           trade
           with
           their
           own
           Stocks
           draw
           their
           Money
           out
           of
           Trade
           to
           advance
           on
           these
           Funds
           ;
           and
           those
           who
           lend
           Money
           to
           Tradesmen
           wherewith
           to
           drive
           their
           Trades
           ,
           call
           it
           out
           of
           their
           Hands
           ,
           or
           force
           them
           ,
           (
           if
           they
           continue
           it
           with
           them
           )
           to
           give
           a
           higher
           Interest
           to
           their
           undoing
           ,
           by
           reason
           they
           can
           make
           a
           greater
           advantage
           by
           advancing
           their
           Money
           to
           the
           Government
           ;
           that
           this
           high
           Interest
           will
           fling
           the
           Trade
           of
           the
           Nation
           into
           the
           Hands
           of
           Foreigners
           ,
           who
           pay
           less
           Interest
           ,
           and
           
           who
           can
           therefore
           under-sell
           us
           at
           Foreign
           Markets
           ;
           and
           that
           these
           Funds
           divert
           the
           Genius
           of
           the
           Subjects
           from
           their
           Business
           ,
           while
           our
           Neighbours
           keep
           close
           to
           their
           Trade
           ,
           and
           take
           that
           inestimable
           Jewel
           out
           of
           our
           Hands
           .
           I
           also
           proved
           that
           it
           is
           no
           less
           destructive
           to
           the
           Nobility
           and
           Gentry
           ,
           &c.
           of
           the
           Kingdom
           ,
           in
           that
           it
           would
           bring
           Land
           to
           12
           or
           14
           Years
           Purchase
           ;
           that
           a
           Person
           who
           hath
           50
           
             l.
             per
             Annum
          
           in
           Land
           ,
           if
           he
           sell
           it
           for
           600
           l.
           being
           12
           Years
           Purchase
           ,
           he
           may
           purchase
           50
           
             l.
             per
             Annum
          
           in
           the
           Bank
           ,
           free
           from
           Taxes
           ,
           whereas
           he
           must
           pay
           for
           the
           Tax
           of
           4
           s.
           in
           the
           Pound
           laid
           on
           his
           Land
           ,
           and
           Charge
           of
           the
           Militia
           ,
           &c.
           at
           least
           12
           
             l.
             per
             An.
          
           And
           that
           he
           may
           have
           500
           l.
           at
           an
           hour's
           warning
           of
           the
           Bank
           upon
           the
           Security
           of
           his
           600
           l.
           whereas
           he
           cannot
           without
           great
           Difficulty
           ,
           loss
           of
           Time
           ,
           and
           Expence
           in
           examining
           Titles
           ,
           Procuration
           ,
           Continuation
           ,
           &c.
           raise
           so
           much
           upon
           the
           Credit
           of
           his
           Estate
           ;
           and
           that
           the
           very
           Bank-Bills
           will
           be
           preferr'd
           before
           Land
           ,
           because
           a
           Man
           may
           have
           60
           l.
           16
           s.
           8
           
             d.
             per
             Annum
          
           Interest
           for
           2000
           l.
           Bank-Bills
           ,
           and
           have
           2000
           l.
           always
           lying
           by
           him
           ;
           whereas
           2000
           l.
           laid
           out
           in
           Land
           will
           not
           bring
           him
           in
           more
           Profit
           ,
           upon
           which
           he
           can
           hardly
           raise
           1000
           l.
           without
           great
           Trouble
           ,
           Charge
           and
           loss
           of
           Time.
           These
           Considerations
           put
           me
           upon
           considering
           of
           other
           Methods
           for
           the
           Supply
           of
           their
           Majesties
           ,
           and
           for
           the
           Ease
           of
           the
           Subject
           ,
           which
           I
           laid
           down
           in
           several
           Proposals
           ,
           in
           substance
           as
           follows
           ,
           viz.
           
        
         
           
             PROPOSALS
             .
          
           
             THat
             it
             be
             enacted
             ,
             That
             any
             Person
             who
             hath
             an
             Estate
             in
             Fee
             ,
             may
             have
             leave
             to
             settle
             his
             Estate
             upon
             twenty
             Commissioners
             ,
             four
             to
             be
             appointed
             by
             their
             Majesties
             ,
             six
             by
             the
             House
             of
             Lords
             ,
             and
             ten
             by
             the
             House
             
             of
             Commons
             ,
             
               in
               Trust
            
             for
             a
             Security
             to
             make
             good
             all
             Bills
             ,
             which
             shall
             be
             issued
             out
             upon
             the
             Credit
             of
             such
             Estate
             .
          
           
             That
             the
             Commissioners
             shall
             appoint
             twenty
             Counsel
             to
             examine
             the
             Titles
             of
             all
             the
             Estates
             proposed
             to
             be
             settled
             ;
             and
             that
             no
             Estate
             shall
             be
             settled
             ,
             but
             it
             shall
             be
             first
             entred
             in
             the
             particular
             Register
             to
             be
             kept
             in
             the
             chief
             Town
             of
             the
             County
             where
             such
             Estate
             lies
             ,
             and
             in
             the
             general
             Register
             to
             be
             kept
             in
             the
             City
             of
             London
             for
             the
             space
             of
             six
             Months
             ;
             in
             which
             time
             ,
             if
             no
             Caveat
             shall
             be
             entred
             against
             the
             Settlement
             of
             such
             Estate
             ,
             and
             that
             three
             of
             the
             Counsel
             shall
             signify
             it
             under
             their
             Hands
             ,
             that
             it
             is
             a
             good
             Title
             ,
             such
             Estate
             shall
             be
             settled
             ,
             and
             Bills
             of
             Credit
             to
             the
             value
             of
             20
             Years
             Purchase
             of
             such
             Estate
             shall
             be
             issued
             out
             by
             the
             Commissioners
             upon
             the
             Security
             of
             the
             said
             Estate
             .
          
           
             That
             the
             said
             Bills
             of
             Credit
             shall
             be
             made
             from
             5
             l.
             to
             100
             l.
             value
             each
             ,
             and
             shall
             be
             current
             in
             Paiment
             by
             Endorsement
             
               toties
               quoties
            
             ;
             and
             any
             Person
             who
             shall
             take
             any
             of
             the
             said
             Bills
             may
             renew
             them
             once
             every
             Month
             if
             they
             please
             ,
             without
             Fee
             or
             Reward
             .
          
           
             That
             these
             Bills
             of
             Credit
             may
             be
             advanced
             to
             their
             Majesties
             by
             Authority
             of
             Parliament
             ,
             (
             and
             not
             otherwise
             )
             their
             Majesties
             paying
             to
             those
             upon
             the
             Security
             of
             whose
             Estates
             the
             said
             Bills
             are
             issued
             out
             ,
             3
             
               l.
               per
               Cent.
               per
               Annum
            
             Interest
             for
             the
             same
             ,
             out
             of
             any
             Parliamentary
             Fund
             settled
             or
             to
             be
             settled
             for
             those
             Purposes
             ,
             or
             upon
             the
             Paiment
             of
             any
             of
             the
             following
             Annuities
             out
             of
             some
             Parliamentary
             Fund
             in
             lieu
             of
             Principal
             and
             Interest
             ,
             viz.
             
          
           
           
             
               
                 
                    
                
                 
                    
                
                 
                    
                
                 
                   l.
                   
                
                 
                   s.
                   
                
                 
                    
                
              
               
                 
                   For
                   an
                   Annuity
                   of
                
                 
                   100
                   Years
                
                 
                    
                
                 
                   3
                
                 
                   10
                
                 
                   per
                   Cent.
                   per
                   An.
                   
                
              
               
                 
                   66
                   Years
                
                 
                   8
                   Mon.
                   
                
                 
                   4
                
                 
                   00
                
              
               
                 
                   50
                   Years
                
                 
                    
                
                 
                   4
                
                 
                   10
                
              
               
                 
                   40
                   Years
                
                 
                    
                
                 
                   5
                
                 
                   00
                
              
               
                 
                   33
                   Years
                
                 
                   4
                   Mon.
                   
                
                 
                   5
                
                 
                   10
                
              
               
                 
                   25
                   Years
                
                 
                    
                
                 
                   6
                
                 
                   10
                
              
               
                 
                   20
                   Years
                
                 
                    
                
                 
                   7
                
                 
                   10
                
              
               
                 
                   16
                   Years
                
                 
                    
                
                 
                   8
                
                 
                   15
                
              
               
                 
                   13
                   Years
                
                 
                   4
                   Mon.
                   
                
                 
                   10
                
                 
                   00
                
              
               
                 
                   10
                   Years
                
                 
                    
                
                 
                   12
                
                 
                   10
                
              
            
          
           
             For
             each
             hundred
             Pounds
             value
             in
             Bills
             of
             Credit
             so
             advanced
             to
             their
             Majesties
             2
             l.
             10
             
               s.
               per
               Cent.
               per
               Annum
            
             ,
             part
             of
             the
             said
             Annuities
             to
             be
             paid
             by
             the
             Commissioners
             to
             the
             Persons
             who
             shall
             settle
             their
             Estates
             ,
             and
             all
             the
             Residue
             of
             the
             said
             Annuities
             to
             pay
             off
             and
             cancel
             every
             Year
             part
             of
             the
             Bills
             of
             Credit
             ;
             by
             which
             means
             all
             the
             Bills
             of
             Credit
             will
             be
             paid
             and
             cancell'd
             in
             the
             determined
             Number
             of
             Years
             ,
             for
             which
             the
             Paiment
             of
             such
             Annuity
             was
             settled
             .
          
           
             That
             those
             who
             advance
             the
             said
             Bills
             of
             Credit
             to
             their
             Majesties
             upon
             any
             Parliamentary
             Fund
             ,
             shall
             be
             exempted
             from
             all
             Land-Taxes
             for
             so
             much
             of
             their
             yearly
             Estates
             in
             proportion
             to
             the
             Bills
             of
             Credit
             advanced
             by
             them
             to
             their
             Majesties
             .
          
           
             That
             any
             Person
             may
             have
             Bills
             of
             Credit
             for
             his
             own
             use
             upon
             the
             Security
             of
             his
             Estate
             ,
             paying
             the
             Commissioners
             ,
             &c.
             10
             
               s.
               per
               Cent.
               per
               Annum
            
             ,
             for
             the
             Charges
             in
             issuing
             out
             and
             renewing
             the
             said
             Bills
             of
             Credit
             ,
             or
             upon
             Paiment
             of
             any
             of
             the
             following
             Annuities
             in
             lieu
             of
             Principal
             and
             Interest
             ;
             that
             is
             to
             say
             ,
          
           
             
               
               
                 
                    
                
                 
                    
                
                 
                   l.
                   
                
                 
                   s.
                   
                
                 
                    
                
              
               
                 
                   For
                   an
                   Annuity
                   of
                
                 
                   50
                   Years
                
                 
                    
                
                 
                   2
                
                 
                   10
                
                 
                   per
                   Cent.
                   per
                   An.
                   
                
              
               
                 
                   40
                   Years
                
                 
                    
                
                 
                   3
                
                 
                   00
                
              
               
                 
                   33
                   Years
                
                 
                   4
                   Mon.
                   
                
                 
                   3
                
                 
                   10
                
              
               
                 
                   25
                   Years
                
                 
                    
                
                 
                   4
                
                 
                   10
                
              
               
                 
                   20
                   Years
                
                 
                    
                
                 
                   5
                
                 
                   10
                
              
               
                 
                   16
                   Years
                
                 
                    
                
                 
                   6
                
                 
                   15
                
              
               
                 
                   13
                   Years
                
                 
                   4
                   Mon.
                   
                
                 
                   8
                
                 
                   00
                
              
               
                 
                   10
                   Years
                
                 
                    
                
                 
                   10
                
                 
                   10
                
              
            
          
           
             10
             
               s.
               per
               Cent.
               per
               An.
            
             part
             of
             the
             said
             Annuities
             ,
             to
             be
             paid
             to
             the
             Commissioners
             ,
             &c.
             for
             their
             Charges
             ;
             and
             with
             the
             Residue
             of
             the
             said
             Annuities
             the
             Commissioners
             are
             to
             pay
             off
             and
             cancel
             every
             Year
             part
             of
             the
             Bills
             of
             Credit
             ,
             till
             all
             the
             Bills
             of
             Credit
             shall
             be
             paid
             and
             cancelled
             .
          
           
             That
             it
             shall
             be
             High-Treason
             to
             counterfeit
             any
             of
             these
             Bills
             ,
             or
             to
             offer
             them
             in
             Paiment
             ,
             knowing
             the
             same
             to
             be
             counterfeited
             .
          
           
             The
             Advantages
             of
             these
             proposed
             Bills
             of
             Credit
             will
             be
             numerous
             .
          
           
             First
             ;
             Their
             Majesties
             will
             be
             supplied
             with
             Money
             on
             easy
             Terms
             ,
             and
             the
             Subject
             loaded
             with
             fewer
             Funds
             ,
             and
             it
             will
             inseparably
             unite
             their
             Majesties
             and
             the
             People
             in
             each
             others
             Interest
             .
          
           
             Secondly
             ;
             These
             propos'd
             Bills
             of
             Credit
             being
             a
             new
             species
             of
             Money
             ,
             and
             to
             all
             Intents
             as
             useful
             as
             Money
             ;
             it
             will
             be
             (
             as
             it
             were
             )
             an
             introducing
             so
             many
             fresh-monied
             Men
             into
             the
             Kingdom
             with
             several
             Millions
             more
             than
             was
             before
             ,
             for
             the
             Supply
             of
             their
             Majesties
             ;
             and
             each
             Million
             value
             in
             Bills
             of
             Credit
             issued
             out
             upon
             the
             Security
             of
             Gentlemens
             Estates
             ,
             being
             employed
             in
             Trade
             ,
             will
             bring
             in
             60000
             
               l.
               per
               Annum
            
             Profit
             every
             Year
             to
             the
             Nation
             .
          
           
           
             Thirdly
             ;
             It
             will
             keep
             great
             Sums
             in
             the
             Nation
             that
             are
             paid
             to
             Foreigners
             for
             Interest
             ,
             and
             will
             enable
             those
             Subjects
             to
             lend
             ,
             who
             are
             now
             forc'd
             to
             borrow
             of
             others
             .
          
           
             Fourthly
             ;
             It
             will
             animate
             our
             Merchants
             ,
             encourage
             Handicrafts
             and
             Artificers
             ;
             it
             will
             bring
             new
             Manufactures
             into
             the
             Kingdom
             that
             cannot
             now
             be
             wrought
             here
             by
             reason
             of
             high
             Interest
             ,
             and
             set
             many
             thousands
             to
             work
             who
             are
             in
             a
             starving
             Condition
             for
             want
             of
             Employment
             :
             It
             will
             turn
             the
             Genius
             of
             the
             Subject
             into
             the
             right
             Channel
             ,
             by
             putting
             them
             upon
             the
             improving
             their
             Money
             by
             Trade
             :
             It
             will
             ease
             all
             the
             Nobility
             and
             Gentry
             from
             Taxes
             ,
             who
             shall
             advance
             Bills
             of
             Credit
             to
             their
             Majesties
             upon
             the
             Security
             of
             their
             Estates
             ,
             and
             will
             add
             50
             or
             60
             
               l.
               per
               annnm
            
             to
             every
             100
             
               l.
               per
               annum
            
             of
             their
             present
             Estates
             .
          
           
             Fifthly
             ;
             Gentlemen
             will
             have
             an
             Opportunity
             of
             improving
             their
             Estates
             by
             Building
             ,
             Planting
             ,
             draining
             or
             watering
             their
             Land
             ,
             who
             cannot
             now
             afford
             to
             do
             it
             ,
             by
             reason
             of
             high
             Interest
             and
             Scarcity
             of
             Money
             :
             It
             will
             clear
             Gentlemens
             Estates
             from
             all
             Incumbrances
             ,
             and
             will
             enable
             them
             to
             raise
             Portions
             for
             their
             Children
             ;
             and
             will
             raise
             the
             Value
             of
             Land
             to
             40
             or
             50
             Years
             Purchase
             .
          
           
             A
             Gentleman
             of
             an
             100
             
               l.
               per
               annum
            
             ,
             if
             he
             settle
             his
             Estate
             ,
             may
             have
             2000
             l.
             Bills
             of
             Credit
             upon
             it
             ;
             which
             Bills
             he
             may
             lend
             their
             Majesties
             for
             3
             
               l.
               per
               cent
               .
               per
               annum
            
             Interest
             ;
             and
             be
             exempted
             from
             the
             Taxes
             of
             4
             s.
             in
             the
             Pound
             ,
             and
             have
             an
             160
             
               l.
               per
               annum
            
             ,
             who
             hath
             now
             but
             80
             
               l.
               per
               annum
            
             coming
             in
             .
          
           
             Or
             if
             he
             lend
             their
             Majesties
             the
             said
             2000
             l.
             Bills
             of
             Credit
             upon
             the
             Payment
             of
             an
             Annuity
             for
             20
             Years
             ,
             he
             will
             have
             150
             
               l.
               per
               annum
            
             coming
             in
             for
             every
             80
             
               l.
               per
               annum
            
             he
             now
             hath
             :
             And
             one
             twentieth
             part
             of
             the
             said
             2000
             Bills
             of
             Credit
             being
             paid
             off
             every
             Year
             ,
             his
             Estate
             will
             be
             clear
             in
             20
             Years
             .
          
           
           
             Or
             suppose
             the
             said
             Gentleman
             hath
             four
             Children
             ,
             and
             hath
             now
             nothing
             to
             give
             them
             ,
             he
             may
             give
             his
             Children
             the
             2000
             l.
             Bills
             of
             Credit
             among
             them
             ,
             which
             is
             500
             l.
             apiece
             ,
             for
             which
             he
             must
             give
             to
             the
             Commissioners
             ,
             &c.
             but
             10
             
               l.
               per
               annum
            
             :
             So
             that
             his
             Children
             will
             have
             the
             present
             Value
             of
             his
             Estate
             divided
             among
             them
             ,
             and
             he
             will
             have
             90
             
               l.
               per
               annum
            
             left
             for
             himself
             to
             live
             on
             .
          
           
             Or
             hath
             a
             Gentleman
             an
             Estate
             of
             1000
             
               l.
               per
               annum
            
             ,
             upon
             which
             he
             owes
             10000
             l.
             he
             now
             pays
             ,
             at
             6
             
               l.
               per
               cent
               .
               per
               annum
               ,
            
             600
             
               l.
               per
               annum
            
             Interest-Money
             ;
             he
             pays
             for
             Taxes
             of
             4
             s.
             in
             the
             Pound
             200
             
               l.
               per
               annum
            
             ,
             in
             all
             800
             
               l.
               per
               annum
            
             :
             so
             that
             reckoning
             nothing
             for
             Repairs
             ,
             Militia-Rate
             ,
             Trophy-Money
             ,
             &c.
             he
             hath
             but
             200
             
               l.
               per
               annum
            
             coming
             in
             .
             If
             this
             Gentleman
             settles
             his
             Estate
             ,
             he
             may
             have
             20000
             l.
             value
             in
             Bills
             of
             Credit
             thereupon
             ,
             being
             twenty
             Years
             Purchase
             of
             his
             Estate
             :
             With
             this
             he
             may
             pay
             off
             his
             10000
             l.
             Mortgage
             ;
             the
             other
             10000
             l.
             he
             may
             lend
             their
             Majesties
             at
             3
             
               l.
               per
               cent
               .
               per
               annum
               ,
            
             and
             he
             will
             have
             1150
             
               l.
               per
               annum
            
             coming
             in
             ,
             as
             appears
             by
             the
             following
             Parallel
             .
          
           
             
               
                 The
                 Gentleman
                 's
                 present
                 Circumstances
                 .
              
               
                 
                   Interest
                   of
                   10000
                   l.
                   —
                
                 
                   600
                
                 
                   per
                   annum
                   .
                
              
               
                 
                   Taxes
                   of
                   4
                   s.
                   in
                   the
                   Pound
                
                 
                   200
                
              
               
                 
                   Left
                   for
                   himself
                   —
                
                 
                   200
                
              
               
                 
                    
                
                 
                   1000
                
              
            
          
           
             
               
                 His
                 Circumstances
                 by
                 my
                 proposed
                 Method
                 .
              
               
                 
                   His
                   Estate
                   brings
                   him
                   in
                
                 
                   1000
                   l.
                   
                
              
               
                 
                   He
                   will
                   receive
                   for
                   1000●
                   lent
                   their
                   Majesties
                
                 
                   300
                
              
               
                 
                    
                
                 
                   1300
                
                 
                   per
                   annum
                   .
                
              
               
                 
                   He
                   must
                   pay
                   the
                   Commissioners
                   ,
                   &c.
                   for
                   10000
                   l.
                   Bills
                   of
                   Credit
                   ,
                   being
                   what
                   he
                   makes
                   use
                   of
                   for
                   himself
                   50
                   l.
                   Paid
                   Taxes
                   for
                   ½
                   of
                   his
                   Estate
                   100
                   l.
                   
                
                 
                   150
                
              
               
                 
                   Remains
                   clear
                   to
                   the
                   Gentleman
                   1150
                   
                     l.
                     per
                     annum
                  
                   ,
                   and
                   his
                   10000
                   l.
                   Mortgage
                   paid
                   off
                   .
                
              
            
          
           
           
             Or
             has
             the
             Gentleman
             a
             mind
             to
             clear
             his
             Estate
             upon
             the
             Payment
             of
             a
             small
             Annuity
             ,
             he
             may
             have
             10000
             l.
             for
             4
             l.
             10
             
               s.
               per
               cent
               .
               per
               annum
               ,
            
             for
             25
             Years
             ;
             or
             for
             5
             l.
             10
             
               s.
               per
               cent
               .
               per
               annum
               ,
            
             for
             20
             Years
             ,
             and
             never
             pay
             the
             Principal
             ,
             who
             must
             now
             pay
             6
             
               l.
               per
               cent
               .
               per
               annum
            
             for
             the
             bare
             Interest
             only
             .
          
           
             And
             as
             to
             their
             Majesties
             ,
             they
             may
             be
             supplied
             with
             1200000
             l.
             for
             3
             
               l.
               per
               cent
               .
               per
               annum
               ,
            
             which
             is
             36000
             
               l.
               per
               annum
            
             ,
             for
             which
             they
             now
             pay
             100000
             
               l.
               per
               annum
            
             ,
             which
             would
             be
             64000
             
               l.
               per
               annum
            
             saved
             of
             what
             their
             Majesties
             now
             pay
             for
             1200000
             l.
             only
             .
          
           
             Or
             their
             Majesties
             might
             have
             had
             1600000
             l.
             upon
             the
             Payment
             of
             140000
             
               l.
               per
               annum
            
             ,
             for
             sixteen
             Years
             ,
             which
             is
             600000
             l.
             more
             than
             was
             raised
             on
             the
             Lottery-Act
             .
             In
             fine
             ,
             their
             Majesties
             might
             have
             Money
             for
             paying
             6
             l.
             10
             
               s.
               per
               cent
               .
               per
               annum
               ,
            
             for
             twenty
             five
             Years
             ,
             who
             now
             pay
             above
             8
             
               l.
               per
               cent
               .
               per
               annum
            
             perpetual
             Interest
             .
             So
             that
             by
             this
             Means
             the
             Nation
             is
             not
             only
             served
             on
             much
             easier
             Terms
             ,
             but
             Gentlemen
             will
             be
             eased
             from
             Taxes
             ,
             will
             have
             their
             yearly
             Estates
             augmented
             ,
             may
             clear
             their
             Estates
             from
             all
             Incumbrances
             ,
             and
             may
             with
             Eafe
             raise
             Portions
             for
             their
             Children
             ,
             and
             may
             very
             much
             improve
             their
             Estates
             .
             And
             I
             may
             add
             ,
             that
             those
             who
             are
             now
             forc'd
             for
             the
             raising
             Money
             to
             cut
             down
             their
             Timber
             ,
             long
             before
             it
             is
             come
             to
             its
             full
             Growth
             ,
             being
             enabled
             to
             supply
             themselves
             with
             Money
             on
             such
             easy
             Terms
             ,
             will
             not
             be
             under
             those
             pinching
             Necessities
             to
             do
             that
             which
             is
             so
             very
             detrimental
             not
             only
             to
             their
             own
             Estates
             ,
             but
             to
             the
             Kingdom
             ,
             by
             the
             destruction
             of
             young
             thriving
             Timber
             .
          
           
             I
             shall
             now
             briefly
             answer
             an
             Objection
             or
             two
             I
             have
             met
             with
             since
             my
             writing
             the
             said
             Treatise
             :
             but
             first
             I
             shall
             add
             somewhat
             further
             by
             way
             of
             an
             Answer
             to
             an
             Objection
             which
             I
             have
             already
             answered
             ,
             viz.
             
          
           
             
             
               Object
               .
               That
               we
               shall
               have
               too
               many
               of
               these
               Bills
               of
               Credit
               .
            
             
               
                 Answ
                 .
                 The
                 Parliament
                 ,
                 if
                 they
                 shall
                 be
                 pleased
                 with
                 the
                 Modus
                 of
                 settling
                 Estates
                 ,
                 and
                 issuing
                 out
                 Bills
                 of
                 Credit
                 upon
                 them
                 by
                 these
                 Methods
                 ,
                 may
                 ,
                 if
                 they
                 think
                 fit
                 ,
                 limit
                 the
                 Settlements
                 ;
                 though
                 I
                 confess
                 I
                 am
                 not
                 of
                 opinion
                 there
                 will
                 be
                 any
                 need
                 for
                 their
                 so
                 doing
                 ,
                 for
                 the
                 Money
                 of
                 this
                 Nation
                 is
                 computed
                 to
                 be
                 about
                 eight
                 ,
                 or
                 at
                 most
                 ten
                 Millions
                 Sterling
                 ▪
                 And
                 a
                 small
                 Treatise
                 lately
                 publish'd
                 by
                 some
                 of
                 the
                 Bank
                 ,
                 intituled
                 ,
                 
                   Some
                   Observations
                   upon
                   the
                   Bank
                   of
                   England
                   ,
                
                 tells
                 us
                 ,
                 page
                 9.
                 
                 
                   That
                   the
                   Bank
                   of
                   Amsterdam
                   hath
                   had
                   above
                   30
                   Millions
                   Sterling
                   at
                   once
                   ,
                   and
                   no
                   small
                   Sums
                   employed
                   in
                   the
                   Lumbard
                   :
                
                 To
                 which
                 if
                 we
                 add
                 all
                 the
                 Money
                 in
                 private
                 Hands
                 ,
                 we
                 cannot
                 well
                 suppose
                 that
                 there
                 is
                 less
                 ,
                 if
                 so
                 little
                 as
                 50
                 Millions
                 Sterling
                 in
                 Holland
                 .
                 The
                 same
                 Author
                 tells
                 us
                 also
                 in
                 page
                 5.
                 
                 
                   That
                   about
                   an
                   hundred
                   Years
                   ago
                   the
                   King
                   of
                   Spain
                   paid
                   the
                   Bank
                   of
                   Genoua
                   more
                   than
                   twenty
                   Millions
                   of
                   Crowns
                   (
                   which
                   is
                   almost
                   as
                   much
                   Money
                   as
                   we
                   have
                   in
                   England
                   )
                
                 for
                 one
                 Year's
                 Interest
                 .
                 And
                 page
                 10.
                 he
                 says
                 ,
                 
                   That
                   Money
                   may
                   be
                   had
                   at
                   Genoua
                   for
                   2
                   
                     l.
                     per
                     cent
                     .
                     per
                     annum
                     .
                  
                
                 Now
                 if
                 the
                 King
                 of
                 Spain
                 paid
                 but
                 2
                 
                   l.
                   per
                   cent
                   .
                   per
                   annum
                
                 for
                 what
                 he
                 borrowed
                 ,
                 the
                 Bank
                 must
                 have
                 lent
                 him
                 above
                 two
                 hundred
                 and
                 fifty
                 Millions
                 ,
                 which
                 is
                 as
                 much
                 as
                 all
                 the
                 Land
                 in
                 England
                 is
                 worth
                 at
                 twenty
                 Years
                 Purchase
                 .
                 But
                 suppose
                 the
                 King
                 of
                 Spain
                 paid
                 as
                 much
                 
                   per
                   cent
                   .
                   per
                   annum
                
                 for
                 Interest
                 of
                 Money
                 as
                 their
                 Majesties
                 pay
                 the
                 Bank
                 of
                 England
                 ,
                 he
                 must
                 have
                 borrowed
                 of
                 them
                 above
                 sixty
                 Millions
                 Sterling
                 .
                 So
                 that
                 it
                 is
                 plain
                 we
                 are
                 most
                 miserably
                 cramp'd
                 in
                 our
                 Trade
                 ;
                 and
                 the
                 Gentlemen
                 of
                 England
                 also
                 ,
                 as
                 well
                 as
                 the
                 trading
                 part
                 of
                 the
                 Kingdom
                 ,
                 are
                 great
                 Sufferers
                 for
                 want
                 of
                 Money
                 :
                 And
                 why
                 the
                 Kingdom
                 of
                 England
                 ,
                 which
                 is
                 as
                 well
                 situated
                 for
                 Trade
                 as
                 any
                 place
                 in
                 the
                 World
                 ,
                 should
                 have
                 less
                 Money
                 to
                 trade
                 with
                 than
                 Holland
                 or
                 Genoua
                 ,
                 
                 I
                 confess
                 I
                 cannot
                 assign
                 a
                 Reason
                 for
                 .
                 I
                 am
                 sure
                 we
                 have
                 almost
                 quite
                 lost
                 our
                 
                 Greenland-Fishery
                 ,
                 our
                 
                 Russia-Trade
                 ,
                 and
                 several
                 other
                 Trades
                 I
                 could
                 mention
                 ;
                 and
                 we
                 are
                 in
                 danger
                 of
                 losing
                 the
                 rest
                 ,
                 because
                 we
                 are
                 not
                 able
                 to
                 manage
                 our
                 Trade
                 with
                 that
                 Advantage
                 as
                 our
                 Neighbours
                 do
                 ,
                 for
                 want
                 of
                 sufficient
                 Stock
                 ,
                 and
                 because
                 our
                 Merchants
                 must
                 pay
                 three
                 times
                 the
                 Interest
                 for
                 Money
                 that
                 others
                 pay
                 :
                 and
                 yet
                 some
                 Gentlemen
                 are
                 afraid
                 of
                 our
                 having
                 too
                 much
                 Money
                 ;
                 whereas
                 I
                 should
                 be
                 glad
                 to
                 see
                 it
                 once
                 come
                 to
                 that
                 :
                 for
                 we
                 had
                 better
                 have
                 Money
                 to
                 spare
                 than
                 to
                 want
                 it
                 ;
                 which
                 if
                 we
                 had
                 a
                 greater
                 Plenty
                 of
                 ,
                 our
                 Fishery
                 might
                 be
                 revived
                 ,
                 and
                 our
                 almost-lost
                 Trades
                 regained
                 :
                 and
                 the
                 Parliament
                 can
                 check
                 any
                 Exuberancy
                 or
                 Superabundance
                 of
                 these
                 proposed
                 Bills
                 whensoever
                 they
                 shall
                 find
                 them
                 inconvenient
                 to
                 the
                 Nation
                 .
              
            
          
           
             
               Object
               .
               But
               you
               propose
               six
               Months
               time
               before
               an
               Estate
               can
               be
               settled
               ,
               and
               Bills
               of
               Credit
               issued
               out
               thereupon
               ;
               so
               that
               these
               Proposals
               cannot
               be
               useful
               to
               supply
               their
               Majesties
               with
               Money
               timely
               enough
               this
               Year
               .
            
             
               
                 Answ
                 .
                 If
                 it
                 be
                 not
                 timely
                 enough
                 for
                 the
                 Supply
                 of
                 their
                 Majesties
                 this
                 Year
                 to
                 begin
                 at
                 the
                 sitting
                 down
                 of
                 the
                 Parliament
                 ,
                 how
                 can
                 it
                 be
                 time
                 enough
                 next
                 Year
                 ,
                 unless
                 the
                 Parliament
                 pass
                 it
                 this
                 Sessions
                 ?
                 And
                 if
                 it
                 should
                 not
                 be
                 of
                 use
                 this
                 Year
                 for
                 the
                 Publick
                 ,
                 (
                 as
                 I
                 can
                 demonstrate
                 it
                 may
                 )
                 such
                 of
                 the
                 Nobility
                 ,
                 Gentry
                 ,
                 and
                 Free-holders
                 ,
                 and
                 the
                 trading
                 Part
                 of
                 the
                 Nation
                 ,
                 who
                 are
                 under
                 any
                 pinching
                 Straits
                 and
                 Exigencies
                 ,
                 may
                 be
                 relieved
                 by
                 passing
                 it
                 this
                 Sessions
                 .
              
            
          
           
             
               Object
               .
               But
               it
               is
               uncertain
               whether
               Gentlemen
               will
               settle
               their
               Estates
               ,
               and
               advance
               the
               Bills
               of
               Credit
               to
               their
               Majesties
               ,
               or
               no
               :
               and
               the
               Government
               must
               not
               be
               at
               this
               time
               under
               any
               Vncertainties
               .
            
             
               
                 Answ
                 .
                 What
                 Certainty
                 had
                 the
                 Parliament
                 that
                 the
                 Subjects
                 would
                 advance
                 their
                 Money
                 on
                 any
                 of
                 the
                 late
                 Funds
                 upon
                 Survivorship
                 ,
                 or
                 upon
                 the
                 Lottery-Act
                 ,
                 or
                 Bank
                 of
                 
                 England
                 ?
                 there
                 was
                 only
                 a
                 Probability
                 ,
                 that
                 Men
                 who
                 had
                 Money
                 would
                 accept
                 of
                 such
                 advantageous
                 Offers
                 ;
                 and
                 there
                 is
                 much
                 more
                 Reason
                 to
                 believe
                 that
                 Gentlemen
                 will
                 settle
                 their
                 Estates
                 on
                 these
                 proposed
                 Advantages
                 .
              
            
          
           
             
               Object
               .
               But
               where
               must
               a
               Man
               go
               for
               his
               Money
               that
               hath
               any
               of
               these
               Bills
               of
               Credit
               ?
            
             
               
                 Answ
                 .
                 To
                 what
                 use
                 is
                 Money
                 but
                 to
                 pass
                 and
                 repass
                 in
                 Payment
                 ,
                 or
                 else
                 to
                 melt
                 it
                 down
                 into
                 Ingots
                 ?
                 For
                 the
                 first
                 ,
                 these
                 Bills
                 will
                 be
                 as
                 passable
                 as
                 Money
                 ,
                 and
                 are
                 in
                 truth
                 better
                 than
                 Money
                 ,
                 conveying
                 an
                 intrinsick
                 Value
                 along
                 with
                 them
                 ,
                 which
                 Money
                 does
                 not
                 ;
                 and
                 for
                 that
                 Reason
                 our
                 Money
                 is
                 as
                 unfit
                 for
                 the
                 latter
                 Use
                 ,
                 viz.
                 to
                 be
                 melted
                 down
                 .
              
               
                 The
                 Bank
                 of
                 England
                 do
                 not
                 propose
                 to
                 keep
                 Money
                 by
                 them
                 to
                 answer
                 all
                 their
                 Bills
                 ;
                 if
                 they
                 did
                 ,
                 to
                 what
                 use
                 would
                 the
                 Bank
                 be
                 ?
                 but
                 only
                 so
                 much
                 as
                 is
                 needful
                 ,
                 to
                 answer
                 the
                 Demands
                 of
                 such
                 whose
                 Occasions
                 require
                 Money
                 
                   in
                   specie
                
                 ;
                 and
                 for
                 such
                 Persons
                 the
                 proposed
                 Commissioners
                 will
                 have
                 always
                 Money
                 to
                 answer
                 such
                 Demands
                 :
                 For
                 suppose
                 their
                 Majesties
                 borrow
                 two
                 Millions
                 for
                 7
                 l.
                 10
                 
                   s.
                   per
                   Cent.
                   per
                   Annum
                
                 Annuity
                 ,
                 for
                 20
                 Years
                 ,
                 in
                 lieu
                 of
                 Principal
                 and
                 Interest
                 ;
                 if
                 the
                 Parliament
                 direct
                 that
                 the
                 Annuity
                 shall
                 be
                 paid
                 in
                 Money
                 ,
                 there
                 will
                 be
                 150000
                 
                   l.
                   per
                   Annum
                
                 ,
                 coming
                 in
                 to
                 answer
                 all
                 such
                 Demands
                 .
              
            
          
           
             
               Object
               .
               But
               what
               must
               those
               Gentlemen
               do
               who
               are
               but
               Tenants
               for
               Life
               ?
               they
               cannot
               reap
               any
               Advantage
               by
               this
               Act.
               
            
             
               
                 Answ
                 .
                 Yes
                 ,
                 they
                 may
                 ;
                 for
                 the
                 Parliament
                 if
                 they
                 please
                 may
                 give
                 them
                 leave
                 to
                 settle
                 such
                 their
                 Estates
                 for
                 Bills
                 of
                 Credit
                 ,
                 to
                 be
                 issued
                 out
                 to
                 their
                 Majesties
                 upon
                 the
                 Paiment
                 of
                 an
                 Annuity
                 for
                 20
                 Years
                 ,
                 and
                 not
                 longer
                 ;
                 in
                 which
                 case
                 the
                 Tenant
                 for
                 Life
                 may
                 be
                 excused
                 from
                 the
                 Land-Tax
                 of
                 4
                 s.
                 in
                 the
                 Pound
                 ,
                 which
                 will
                 be
                 Advantage
                 enough
                 for
                 him
                 ;
                 and
                 the
                 Commissioners
                 may
                 keep
                 in
                 their
                 Hands
                 
                 the
                 Profits
                 accruing
                 by
                 the
                 Loan
                 of
                 such
                 Bills
                 of
                 Credit
                 for
                 the
                 Benefit
                 of
                 him
                 who
                 hath
                 the
                 Fee
                 or
                 Remainder
                 ,
                 by
                 which
                 means
                 his
                 Estate
                 will
                 be
                 encreasing
                 every
                 Year
                 more
                 and
                 more
                 ,
                 till
                 he
                 comes
                 into
                 the
                 Possession
                 of
                 it
                 .
                 For
                 admit
                 A
                 be
                 Tenant
                 for
                 Life
                 of
                 an
                 Estate
                 of
                 1000
                 
                   l.
                   per
                   Annum
                
                 ,
                 the
                 Remainder
                 to
                 B
                 :
                 Suppose
                 A
                 settles
                 the
                 said
                 Estate
                 ,
                 and
                 20000
                 l.
                 Bills
                 of
                 Credit
                 are
                 issued
                 out
                 thereupon
                 ,
                 and
                 lent
                 their
                 Majesties
                 upon
                 the
                 Paiment
                 of
                 7
                 l.
                 10
                 
                   s.
                   per
                   Cent.
                   per
                   Annum
                
                 ,
                 out
                 of
                 any
                 Parliamentary
                 Fund
                 for
                 20
                 Years
                 ;
                 A
                 shall
                 be
                 exempted
                 from
                 Taxes
                 ,
                 which
                 is
                 200
                 
                   l.
                   per
                   Annum
                
                 saved
                 to
                 him
                 :
                 The
                 Commissioners
                 who
                 are
                 to
                 receive
                 1500
                 
                   l.
                   per
                   Annum
                
                 Annuity
                 for
                 20
                 Years
                 ,
                 for
                 the
                 said
                 20000
                 l.
                 Bills
                 of
                 Credit
                 ,
                 will
                 pay
                 off
                 every
                 Year
                 1000
                 
                   l.
                   per
                   Annum
                
                 in
                 Discharge
                 of
                 the
                 Principal
                 ,
                 and
                 the
                 other
                 500
                 
                   l.
                   per
                   Annum
                
                 they
                 may
                 reserve
                 in
                 their
                 Hands
                 for
                 B
                 ;
                 so
                 that
                 if
                 A
                 lives
                 20
                 Years
                 ,
                 B
                 will
                 have
                 10000
                 l.
                 due
                 to
                 him
                 from
                 the
                 Commissioners
                 ,
                 which
                 is
                 half
                 the
                 Value
                 of
                 his
                 Estate
                 ,
                 and
                 his
                 Estate
                 clear
                 :
                 and
                 tho
                 some
                 may
                 think
                 it
                 unreasonable
                 ,
                 that
                 a
                 Tenant
                 for
                 Life
                 should
                 settle
                 the
                 Estate
                 of
                 him
                 who
                 hath
                 the
                 Fee
                 ,
                 yet
                 for
                 the
                 Advantage
                 and
                 Benefit
                 of
                 such
                 Person
                 who
                 hath
                 the
                 Remainder
                 ,
                 the
                 Parliament
                 may
                 as
                 well
                 give
                 leave
                 to
                 settle
                 such
                 Estates
                 ,
                 as
                 they
                 did
                 empower
                 Trustees
                 and
                 Guardians
                 to
                 advance
                 the
                 Money
                 of
                 such
                 whose
                 Estates
                 they
                 had
                 in
                 Trust
                 upon
                 the
                 late
                 Funds
                 ,
                 for
                 Benefit
                 of
                 such
                 Minors
                 ,
                 &c.
                 
                 And
                 if
                 the
                 Parliament
                 think
                 fit
                 ,
                 Gentlemen
                 who
                 have
                 Estates
                 in
                 Land
                 ,
                 may
                 easily
                 ,
                 and
                 that
                 in
                 a
                 few
                 Years
                 ,
                 raise
                 a
                 Bank
                 without
                 any
                 Money
                 ,
                 other
                 than
                 by
                 their
                 accruing
                 Profits
                 out
                 of
                 the
                 said
                 Annuities
                 ,
                 which
                 Bank
                 will
                 have
                 both
                 plenty
                 of
                 Money
                 ,
                 and
                 the
                 Freehold
                 Estates
                 of
                 the
                 Kingdom
                 for
                 a
                 Fund
                 ;
                 which
                 will
                 be
                 the
                 greatest
                 ,
                 most
                 famous
                 ,
                 and
                 most
                 glorious
                 Bank
                 that
                 is
                 or
                 ever
                 was
                 in
                 the
                 whole
                 World
                 :
                 nor
                 will
                 any
                 Nation
                 in
                 the
                 Universe
                 be
                 ever
                 able
                 to
                 cope
                 with
                 us
                 ,
                 or
                 be
                 capable
                 to
                 erect
                 the
                 like
                 .
              
               
               
                 I
                 think
                 it
                 not
                 amiss
                 also
                 to
                 acquaint
                 the
                 Parliament
                 with
                 a
                 Method
                 I
                 showed
                 to
                 an
                 Honourable
                 Member
                 of
                 the
                 Honourable
                 House
                 of
                 Commons
                 ,
                 about
                 six
                 Months
                 ago
                 ,
                 which
                 I
                 laid
                 aside
                 ,
                 as
                 not
                 being
                 near
                 so
                 desirable
                 as
                 this
                 my
                 propos'd
                 Method
                 ;
                 which
                 because
                 some
                 Persons
                 seem'd
                 then
                 to
                 have
                 an
                 Opinion
                 of
                 ,
                 I
                 shall
                 also
                 acquaint
                 this
                 Honourable
                 House
                 with
                 the
                 same
                 ,
                 viz.
                 
              
               
                 I
                 propos'd
                 that
                 a
                 Gentleman
                 of
                 150
                 
                   l.
                   per
                   annum
                
                 Estate
                 in
                 Land
                 ,
                 supposed
                 to
                 be
                 worth
                 3000
                 l.
                 might
                 settle
                 his
                 Estate
                 ,
                 and
                 that
                 3000
                 l.
                 Value
                 in
                 Bills
                 of
                 Credit
                 should
                 be
                 issued
                 out
                 thereupon
                 ;
                 that
                 their
                 Majesties
                 should
                 have
                 1000
                 l.
                 Value
                 of
                 the
                 said
                 Bills
                 ,
                 and
                 that
                 the
                 Person
                 who
                 settled
                 his
                 Estate
                 should
                 have
                 2000
                 l.
                 Bills
                 ;
                 and
                 for
                 the
                 discharging
                 the
                 3000
                 l.
                 Bills
                 of
                 Credit
                 he
                 should
                 be
                 obliged
                 to
                 pay
                 100
                 
                   l.
                   per
                   annum
                
                 for
                 30
                 Years
                 .
                 This
                 indeed
                 would
                 have
                 cleared
                 all
                 mortgaged
                 Estates
                 ;
                 the
                 Bills
                 of
                 Credit
                 issued
                 out
                 would
                 not
                 have
                 exceeded
                 the
                 Fund
                 settled
                 for
                 Security
                 of
                 them
                 ;
                 and
                 a
                 Gentleman
                 would
                 have
                 sold
                 a
                 Rent-charge
                 of
                 100
                 
                   l.
                   per
                   annum
                
                 for
                 30
                 Years
                 ,
                 for
                 as
                 much
                 as
                 he
                 can
                 sell
                 the
                 Fee
                 of
                 100
                 
                   l.
                   per
                   annum
                
                 .
                 Several
                 other
                 Advantages
                 I
                 proposed
                 by
                 the
                 said
                 Method
                 ;
                 but
                 all
                 things
                 considered
                 ,
                 I
                 found
                 it
                 so
                 far
                 short
                 of
                 what
                 Advantages
                 their
                 Majesties
                 and
                 the
                 Nation
                 might
                 reap
                 by
                 the
                 present
                 proposed
                 Method
                 ,
                 that
                 I
                 totally
                 declined
                 it
                 .
              
               
                 I
                 fear
                 being
                 too
                 tedious
                 ,
                 and
                 to
                 transgress
                 the
                 Limits
                 of
                 an
                 Abstract
                 :
                 But
                 such
                 of
                 the
                 Members
                 of
                 the
                 Lords
                 or
                 Commons
                 who
                 will
                 honour
                 my
                 Treatise
                 with
                 their
                 Perusal
                 ,
                 wherein
                 what
                 I
                 have
                 herein
                 barely
                 hinted
                 at
                 is
                 more
                 fully
                 handled
                 ,
                 shall
                 be
                 presented
                 with
                 the
                 same
                 by
                 ,
              
               
                 
                   Their
                   Honours
                   most
                   humble
                   ,
                   and
                   most
                   obedient
                   Servant
                   ,
                   JOHN
                   BRISCOE
                   .