PROPOSAL, By Doctor Hugh Chamberlain, For a Land Credit, presented to the Parliament, By the Committee, to whom it was referred to be Considered.  
PRimo, That by an Act of Parliament, The Sum of 300000 lib. sterling, should be struck, and made current in Tallies or Notes, of different Denominations.  
Secundo, That an Office, consisting of private Persons, should be appointed by the Parliament, for lending these Tallies out at 5 percent, upon the best Land Security.  
Tertio, That the principal Sums borrowed in these Tallies, shall never be repaid, only the Lands of such who borrow, shall be burdened with the said 5 per cent interest, for the space of 25 years.  
Quarto. That four of the said five per cent interest, paid yearly in Tallies shall be destroyed by the Office, so that at the end of 25 years or thereby, there shall not be one Talley in the Kingdom.  
Quinto. That one per cent of the said five of Interest, should be employed for defraying the necessary Charge of the Office; Or, otherwise, as the Parliament shall think Convenient.  

An Example of this Proposal:  
IF 300000 lib. sterling in Tallies, be lent out at five per cent Interest, Then this Interest will Extend to 15000 lib. sterling yearly, of which 15000 lib. sterling. The Sum of 12000 lib: sterling being 4 of the said five per cent shall be paid in Tallies and yearly destroyed by the Office, but the remaining 3000 lib. being one of the said 5 percent, shall go for defraying the necessary Charges of the Office.  
The Heretors who borrow the said 300000 lib. sterling, shall continue paying punctually the said 5 per cent Interest for the same, during the space of 25 years, at the end of which Term their Land shall be free, and the principal shall never be returned, for by destroying the foresaid 12000 lib. sterling yearly of the Tallies, all shall be returned in the foresaid space of 25 years, because 12000 multiplied by 25● makes 300000. which is the complete Sum of the Tallies.  
The Honourable Estates of Parliament, may be pleased here to observe That the Doctor does not limit this Proposal to a certain definite Sum, nor to a certain limited time; for the Parliament, if they think it proper, may condescend upon any Sum, greater, or lesser, to be repaid within any Term of years.