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<DATE>2014-11-25</DATE>
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<NAME>Mona Logarbo</NAME>
<RESP>MURP</RESP>
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<ITEM>Proofed and reviewed as part of batch B140731.pdcc.</ITEM>
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<EEBO>
<IDG S="marc" R="UM" ID="B04863">
<STC T="W">P3761A</STC>
<STC T="C">R182197</STC>
<BIBNO T="oclc">52528876</BIBNO>
<VID>178858</VID>
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<TEXT LANG="eng">
<BODY>
<DIV1 TYPE="text">
<PB REF="1" MS="y">
<HEAD>PROPOSALS Humbly offered to the Parliament, <HI>For the Supplying of the King with Pre&s;ent Money without Intere&s;t,</HI> (whereby he will be better inabled to carry on a Vigorous War again&s;t <HI>France</HI>):
<LIST>
<ITEM><HI>For the great Ea&s;e of the Subject:</HI></ITEM>
<ITEM><HI>For the Advance and Encouragement of Trade:</HI> And,</ITEM>
<ITEM><HI>For the Rai&s;ing of the Price of Land.</HI></ITEM>
</LIST></HEAD>
<P><HI>IT is humbly propo&s;ed,</HI> That a certain Fund be &s;ettled, by Act of Parliament, by way of Land-Tax, payable by equal Proportions, for four Years, (as &s;uppo&s;e three Millions of Money to be rai&s;ed after the Rate of &s;even hundred and fifty thou&s;and Pounds <HI>per annum:</HI>) That there be an Office erected, called, <HI>the King's Bank</HI> (or by what other Name or Title &s;oever the Parliament &s;hall think fit to &s;ettle the &s;ame) in the City of <HI>London:</HI> That Commi&s;&s;ioners be appointed by Act of Par|liament, and their Salary likewi&s;e &s;ettled, that &s;hall have Power to grant out Bills numbred (that cannot be counterfeited) to &s;uch a Value and Number as &s;hall not ex|ceed the &s;aid Fund to be rai&s;ed: That &s;uch Bills &s;hall always be accounted paid, and taken as pre&s;ent Money: That if any que&s;tion the Bills as &s;hall come to hand, they may have Recour&s;e to the &s;aid Office, where they &s;hall be &s;atisfied, paying no Fees.</P>
<P>That a fourth Part of the&s;e Bills &s;hall be paid off every Year, either by Indor&s;ment, or by taking out new Bills for a fourth Part le&s;s, which &s;hall be thought be&s;t: So that the whole will be paid off in four Years.</P>
<P>The Rea&s;onablene&s;s of the Propo&s;al appears in the Particulars following:
<LIST>
<ITEM>1. Hereby the King is immediately &s;upplied with &s;o much pre&s;ent Money as the Fund amounts to, without paying Intere&s;t, which will be a va&s;t Ea&s;e to the Subject.</ITEM>
<ITEM>2. The Ea&s;e of the Subjects is very evident, in that they will have four Years time to pay that in, which otherwi&s;e mu&s;t be paid in one.</ITEM>
<ITEM>3. By this Means Trade will be advanced, by making Money more plenty, and con&s;equently the Intere&s;t lower.</ITEM>
<ITEM>4. The lowring the Intere&s;t of Money advances the Price of Land: as &s;uppo&s;e Money at 6 <HI>l. per Cent. per annum,</HI> Land at twenty Years Purcha&s;e, lowring Intere&s;t to 5, makes Land proportionably to be at 25 Years Purcha&s;e: and if at 4 <HI>l. per Cent. per annum,</HI> to be at 30 Years Purcha&s;e.</ITEM>
</LIST></P>
<P>And whereas it is &s;aid by &s;ome that the&s;e Propo&s;als come too late, for that four Shil|lings in the Pound is already voted upon Land for this pre&s;ent Year, whereof &s;even hundred thou&s;and Pounds are already borrowed, or voted to be borrowed upon the Credit of the &s;aid Fund:</P>
<P>It is humbly propo&s;ed, That in&s;tead of a borrowing Clau&s;e the &s;aid Office may be erected and impowered to grant out Bills as afore&s;aid; by which Means Their Maje|&s;ties will be immediately &s;upplied with the Remainder of the &s;aid 4 <HI>s. per l.</HI> which be&s;ide the Charge of the &s;aid Office, cannot be le&s;s than 200000 <HI>l.</HI> Advantage to the Nation.</P>
<P>And if Ways and Means may not be &s;peedily found out for the Supplying Their Maje&s;ties with the Money already Voted as Ab&s;olutely Nece&s;&s;ary for this Pre&s;ent Year 94; It is further Propo&s;ed, That 1 <HI>s. per l. per Annum</HI> more be granted to Their Maje&s;ties upon Land, to continue for 4 Years; and that a 5th Part of the Whole for this Pre&s;ent Year 94, be charg'd upon the Tenant.</P>
<P>For that no Per&s;ons inhabiting in any City, Borough or Town Corporate, nor any Tenants Renting Land under 50 <HI>l. per Annum,</HI> but what are infinitely more indebted to the Goodne&s;s of Their Pre&s;ent Maje&s;ties, in &s;o generou&s;ly parting with their Reve|nue of <HI>Hearth-Money,</HI> only propo&s;ed by them for the ea&s;e of the Subject.</P>
<P>And as for tho&s;e that rent Land above 50 <HI>l. per Annum,</HI> they are generally Men of Stocks. So that this Charge of 1 <HI>s. per l. per Annum</HI> for one Year, (con&s;idering the great Advantage and Profit they have made for the&s;e 2 Years) can be no great Burden.</P>
<P>By this Means their Maje&s;ties will be immediately &s;upplyed with 4 Millions of pre&s;ent Money for this pre&s;ent Year without Intere&s;t, except what is already borrow|ed upon the &s;aid Fund of the 4 <HI>s. per l. per Annum.</HI></P>
<P>And if there &s;hould be occa&s;ion for extraordinary Supplies for the Service of the Year 95; If 1 <HI>s.</HI> 6 <HI>d. per Ann.</HI> for 4 Years be laid upon Land, it will rai&s;e 3 Millions more of pre&s;ent Money without Intere&s;t; which will then make 2 <HI>s.</HI> 6 <HI>d.</HI> in the Pound <HI>per Annum</HI> upon Land.</P>
<P>And if there &s;hould be occa&s;ion for the like Supplies for the Service of the Year 96; If 1 <HI>s.</HI> 6 <HI>d.</HI> in the Pound <HI>per Ann.</HI> for 4 Years more be laid upon Land, it will rai&s;e 3 Millions more of pre&s;ent Money without Intere&s;t, as above; which in the Whole, will make but 4 <HI>s.</HI> in the Pound <HI>per Annum</HI> upon Land.</P>
<P>By which time the Anticipation that is upon the Exci&s;e and Cu&s;toms, will be off; and they will provide the like Sums for the Year 97 and 98. So that in the Year 98, Land will pay but 3 <HI>s.</HI> in the Pound <HI>per Annum;</HI> and in the Year 99, but 1 <HI>s.</HI> 6 <HI>d.</HI></P>
<P>So that the Continuing 3 <HI>s. per l. per Annum</HI> upon Land, together with the Funds of Exci&s;e and Cu&s;toms, will rai&s;e 3 Millions <HI>per Annum</HI> pre&s;ent Money, <HI>ad Infinitum.</HI></P>
</DIV1>
</BODY>
<BACK>
<DIV1 TYPE="docket title">
<PB REF="2" MS="y">
<P><GAP DESC="illegible" EXTENT="1 word"> Offered to the PARLIAMENT For &s;upplying the King with pre&s;ent Money without In|tere&s;t.</P>
<P><ADD>By i&s;suing out Bills and making a Kings Bank</ADD></P>
</DIV1>
</BACK>
</TEXT>
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