To the knights, citizens, and burgesses in Parliament assembled Briscoe, John, fl. 1695. 1695 Approx. 6 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2009-10 (EEBO-TCP Phase 1). A29551 Wing B4757 ESTC R224658 16219680 ocm 16219680 105128 This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission. Early English books online. (EEBO-TCP ; phase 1, no. 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Keying and markup guidelines are available at the Text Creation Partnership web site . eng Land banks -- England. 2008-07 TCP Assigned for keying and markup 2008-07 SPi Global Keyed and coded from ProQuest page images 2009-01 Emma (Leeson) Huber Sampled and proofread 2009-01 Emma (Leeson) Huber Text and markup reviewed and edited 2009-02 pfs Batch review (QC) and XML conversion To the Knights , Citizens , and Burgesses in Parliament assembled . May it please Your Honours , THE last Sessions of Parliament I presented the Members of this Honourable House with a Treatise , Intituled , A Discourse on the late Funds ; wherein were Proposals for a National Land-Bank to be under the Government of 4 Commissioners appointed by the King , 6 Commissioners by the Lords , and 10 by the House of Commons , and 25 Directors to be chosen by the Subscribers to the Bank : A third Edition of which being reprinted , I do purpose to present such of the Members of this Honourable House therewith , who will be pleased to accept of the same . The main Objection I could hear that was made against my then Proposals , was obliging Persons to take Bills of Credit in Paiment , having double the Value in good Land-Security , to indemnify the Person who should receive the same ; which Objection I notwithstanding answered in several places of the said Treatise . But finding it difficult to perswade Gentlemen to close therewith , I have since opened Books , and received Subscriptions of Land and Money to a considerable Value , that there may not be Money wanting to circulate or pay such Bills that shall be issued out upon the Security of such Land : and the Committee of this Honourable House being of opinion that a National Land-Bank should be settled , I do here humbly present this Honourable House with A short Scheme or Proposals for a National Land-Bank . THat Books be laid open to receive Subscriptions of the Owners or Proprietors of Lands , &c. to the Value of 4 Millions , one 4th part of which Yearly Estates , together with 2 Millions in Money , to be the Fund of the Bank. That the bare Subscriptions of such Estates shall oblige such one quarter part of the Value of every of those Estates to be subject to a proportionable part of the Loss , and intituled to a like Proportion of the Profits of the said Bank , viz. every 100 l. per annum shall divide against 500 in Money . But that the said Subscriptions shall not prejudice any Persons Right who shall appear to have a better Title than the Subscriber , but only subject such Estates to the Bank ; which will be for the Advantage of the rightful Owners or Proprietors . That every such Subscriber of Lands , &c. after their Estates shall have been subscribed 6 Months , and their Titles shall be examined and approved by the Counsel of the Bank , and settled on the Bank , may have three fifth parts of the Value of such Estate lent him , viz. upon 100 l. per annum , 1200 l. in Money , at 3 l. 00 s. 10 d. per cent . per annum Interest . And , that none may settle or take up Money upon any Estate who hath no Right so to do , every Estate is to be entered in a General Office in London , and in a particular Office to be kept in the County where such Estate lies , where any Person may put in their Claim , or enter their Caveat ( for the space of 6 Months after such Entry ) against the Settlement thereof , and publick Notice shall be given of every intended Settlement , before the said Estate shall be permitted to be settled . That if any Subscriber of Land shall desire to withdraw his Estate after it is settled , he shall be permitted so to do , paying into the Stock of the Bank one fourth Part of the Value of such his Estate , viz. 500 l. for 100 l. per Annum , and from thenceforth he shall be esteemed to be a Money-Subscriber . That every subscriber of Money shall have 4 l. per Cent. per Ann. for his Money , paid out of the Treasury of the Bank , before any Dividend shall be made of the Profits in lieu of the Rent the landed Man receives of his Tenants ; and after that , the Account of Profit and Loss shall be stated , and the landed and monied Men shall divide accordingly . That any other landed Man , whose Estate shall not be settled in the Fund of the Bank , may have 1500 l. upon 100 l. per Annum Land , at 3 l. 10 s. per Cent. per Annum . By this Means , Estates in Land may be presently subjected to be a Fund of the Bank. The monied Men shall have a Rent from the Bank , as the landed Man has from his Tenants . The landed and monied Men will both alike be concern'd in the management and direction of the said Bank ; and therefore it cannot be doubted but such landed Men will take care of the Interest of the Freeholder . No Person 's Right can be prejudiced hereby ; nor his Estate be kept in the Bank longer than he pleases . The Proposer has a much larger and perfecter Scheme ready , and is prepared to answer all Objections that can be made , whensoever commanded by your Honours so to do . I am , Your Honours most obedient Servant , JOHN BRISCOE .