<!DOCTYPE ETS PUBLIC "-//UMDLPS//DTD EEBOPROOF 2.0//EN">
<ETS>
<TEMPHEAD>
<REVDESCR>
<CHANGE>
<DATE>2014-09-05</DATE>
<RESPSTMT>
<NAME>John Pas</NAME>
<RESP>MURP</RESP>
</RESPSTMT>
<ITEM>Proofed and reviewed as part of batch B140619.pdcc.</ITEM>
</CHANGE>
</REVDESCR>
</TEMPHEAD>
<EEBO>
<IDG S="marc" R="UM" ID="B27174">
<STC T="W">N355</STC>
<BIBNO T="umi">99830800</BIBNO>
<VID>207388</VID>
</IDG>
<TEXT LANG="eng">
<BODY>
<DIV1 TYPE="text">
<PB REF="1" MS="y">
<HEAD>A Way how to Supply the King's Occa&s;ions with Two Millions of Money, on a Fond of <HI>120000</HI> l. Yearly, which is at <HI>6</HI> only <HI>per Cent.</HI> without any Prejudice to His Maje&s;ty's Pre&s;ent Revenue, or Compul&s;ion to tho&s;e that &s;hall Receive it, but rather a Convenience to both. To do this, 'Tis Propo&s;ed,</HEAD>
<P>THat there &s;hould be Bills, &s;ome of 100 <HI>l.</HI> &s;ome of 50 <HI>l.</HI> and &s;ome of 20 <HI>l.</HI> (as herein after De&s;cribed) be prepared, amounting &s;up|po&s;e to Two Millions, and to be paid out by the King as &s;o much ready Money, to tho&s;e his Maje&s;ty has occa&s;ion to pay Money to, and are willing this way to receive it, with a Declaration (as you &s;ee the Pattern made for 'em) that they &s;hall be taken in payment, for ei|ther Exci&s;e or Cu&s;tom, for the Money they are given out at, and the 6 <HI>per Cent.</HI> Intere&s;t, <HI>per An.</HI> &s;hall be paid to the Per&s;ons po&s;&s;e&s;t of &s;uch Bills at <HI>Lady day,</HI> and <HI>Michaelmas</HI> yearly, and the King as he pays them out, as 100, 50, or 20 <HI>l.</HI> &s;hall take them again as 100, 50, or 20 <HI>l.</HI> In &s;hort, as the King pays out Silver and Gold, and takes it again for ju&s;t the &s;ame as he paid it out; &s;o, and no otherwi&s;e he &s;hould take again the&s;e Bills <HI>(viz.)</HI> as 100 <HI>l.</HI> 50 <HI>l.</HI> or 20 <HI>l.</HI> as he paid them out.</P>
<P>Whence 'twill follow, that whoever comes to be po&s;&s;e&s;t of the&s;e Bills (having a running Intere&s;t of 6 <HI>per Cent.</HI> on them) will never pay them into the <HI>Exchequer,</HI> either for Cu&s;tom or Exci&s;e, if he can po&s;&s;ibly find other Money to pay it.</P>
<P>And to hinder the remaining long of &s;uch Bills in the <HI>Exchequer,</HI> it may be Enacted, That (if payment of any of the&s;e Bills be made, as 20 <HI>l.</HI> 50 <HI>l.</HI> or 100 <HI>l.</HI> for Cu&s;tom or Exci&s;e) there &s;hall every Week be &s;et up in Writing at the <HI>Exchequer, Exci&s;e</HI> and <HI>Cu&s;tom-hou&s;e,</HI> an Account of what &s;ums in &s;uch Bills remain there, with this Declaration Po&s;itive; That whil&s;t there are any &s;uch Bills remaining in the <HI>Exchequer, Exci&s;e,</HI> or <HI>Cu&s;tom-hou&s;e,</HI> whoever brings ready Money, that is, 100 <HI>l.</HI> for 100 <HI>l.</HI> 50 <HI>l.</HI> for a 50 <HI>l.</HI> or 20 <HI>l.</HI> for a 20 <HI>l.</HI> Bill &s;hall not be refu&s;ed it, tho 5 Months Intere&s;t be due upon't, and the whole &s;ix to be received by the Po&s;&s;e&s;&s;or of the Bill, the <HI>Lady-day</HI> or <HI>Michaelmas</HI> following: This will make the&s;e Bills 'twixt Man and Man much better than ready Money, having &s;uch Intere&s;t, till paid for Exci&s;e or Cu&s;tom, &s;till running upon them, and when paid into the <HI>Exchequer</HI> &s;o very advantagious to tho&s;e that &s;hall take them out, that the King's Revenue in payment will have very few of them; And being &s;o Drawn that they cannot be Counter|feit, and may be proved true at the <HI>Cu&s;tom hou&s;e</HI> if paid there, at the <HI>Exci&s;e</HI> Office if paid there, at the <HI>Cu&s;tom-hou&s;e</HI> at <HI>Bri&s;tol,</HI> and the other Places writ on them if paid there, and at the <HI>Exchequer</HI> when the Intere&s;t is paid, and a new Bill given there; as al&s;o for a&s;certaining the truth of &s;uch Bills, an Office like that of the <HI>Transfer</HI> may be Erected in <HI>London.</HI> For a Penny to Try and A&s;&s;ert the Validity of any &s;uch Bill, which being &s;o ea&s;ie A&s;certained, and having 6 <HI>per Cent.</HI> Intere&s;t (which is double what the Bank-Bills have) running upon 'em, and being no le&s;s in truth than a perpetual Intere&s;t of 6 <HI>per Cent.</HI> to tho&s;e that
<PB REF="2"> &s;hall keep the&s;e Bills, and ready Money to Merchants when the Owners will part with them, and there being &s;o &s;ure and ea&s;ie a way to do it, 'tis more likely by much, that the&s;e Bills will be always worth more then their Principal, then that they'll ever be valued at le&s;s; and it ought to be likewi&s;e con&s;idered, That the pre&s;ent (as well as the future) owners of Money, who at any time &s;hall have the&s;e Bills, and who (it may be) would otherwi&s;e have put the &s;ame Money in Bank, will have this way 6 <HI>per Cent.</HI> for their Money, and their Money at command, as afore&s;aid; whereas they can have for it but Three <HI>per Cent.</HI> from the Bank, which for holding Stakes only does eat up the other Three, and yet the Securi|ty (if a new Fond be for it by Parliament &s;ettled) will be in goodne&s;s the &s;ame as that given the Bank, and may be appropriated and made re|deemable al&s;o as well; and therefore 'tis not to be doubted, but that this (without hoarding coyn'd Bullion either Silver or Gold, and &s;o ma|king it &s;carce, or cau&s;ing a Clamour in any kind what&s;oever) may to more &s;atisfaction &s;upply the u&s;es of Money, than either Bank Bills do, or Gold&s;miths Notes ever did, being le&s;s charge to the Nation, and more for the Benefit of the pre&s;ent and future owners of Money, a Prejudice to none, but a great Convenience to many, and a Publick Good, by en|crea&s;ing the Currant Money of the Nation, which the&s;e Bills without any Compul&s;ion, mu&s;t of cour&s;e and nece&s;&s;ity do, and may be made for greater or le&s;&s;er &s;ums, as Fonds &s;hall be &s;ettled for it, and the Wi&s;dom of the Hou&s;e &s;hall think fit of, and if in&s;tead of 120000<HI>l.</HI> yearly, 140000<HI>l.</HI> yearly be &s;ettled, 'twill rai&s;e either more Money, or the Two Millions propo&s;ed with more ea&s;e.</P>
<P><HI>Note,</HI> A Perpetual Intere&s;t, in the Nature of this, but by way of Transfer, as in <HI>Holland</HI> in u&s;ed; was Propo&s;ed in Print by the Propo|&s;er of this, <HI>Jan.</HI> 29th, 1693. This Propo&s;al was Printed <HI>Nov.</HI> 16th, 1694. Reprinted <HI>Decemb.</HI> 28th. 1694. and now again the 6th of <HI>Feb.</HI> 1695. and 'tis hoped 'twill need be &s;o no more.</P>
<P><HI>Note,</HI> If what is above &s;hall not be thought Precaution enough again&s;t Counterfeits, who&s;oever parts with any of the&s;e Bills, may be obliged (if he that takes them de&s;ires it) to Endor&s;e the &s;ame, which alone would be almo&s;t &s;ufficient to do it.</P>
<P>And if it might be Enacted, That the fir&s;t 200000 <HI>l.</HI> that &s;hall be rai&s;ed on the Fond for this perpetual Intere&s;t to be &s;ettled &s;hould be appropria|ted, and in the <HI>Exchequer</HI> kept &s;eparate to Circulate the&s;e Bills, by pay|ing the Owners off &s;o many of them in Money, as after Three Months &s;hall de&s;ire to in Money be paid, allowing to &s;uch as &s;hall &s;o de&s;ire to be paid 3 <HI>per Cent.</HI> only; whereas Six <HI>per Cent.</HI> is allowed to the other: 200000 <HI>l.</HI> &s;o &s;et a&s;ide for &s;uch purpo&s;e (&s;upported by the Credit of &s;uch Bills as &s;hall come to be paid, which may &s;o be made u&s;e of as to keep up at all times the Ca&s;h for &s;uch u&s;e to that &s;um) will more than &s;ufficient|ly do it, and an&s;wer all the Conveniencies the be&s;t Banks can pretend to; for the Bills that thus come to the <HI>Exchequer</HI> to be paid in hard Money, with Three <HI>per Cent.</HI> Intere&s;t, are as good as Bank Bills, at Three and the other at Six 'tis plain are full as good again, and will very &s;oon &s;o be e&s;teemed.</P>
<P>The Form of the Bills, and how the Truth of them is to be Tryed, the following Print does demon&s;trate.</P>
<CLOSER><SIGNED>Tho. Neale.</SIGNED>
<DATELINE>Reprinted
<DATE><HI>Feb.</HI> 6th, 1695.</DATE></DATELINE></CLOSER>
</DIV1>
</BODY>
<BACK>
<DIV1 TYPE="illustration">
<PB REF="2" MS="y">
<P><FIGURE>
<P>This Bill will be taken for one Hundred Pounds by the King in all Payments for Customs or Excise (and may also be tryed) in the Places writ about I<GAP DESC="illegible" RESP="KEYERS" EXTENT="1 letter"> vntil the 29. of Septemb 1696 And at any time after that time the Bearer of It may vpon the delivering it vp, Receive three pounds al the Exchequer and One other such Bill of one Hundred Pounds for the Half year ensuing. &amp; so forward every Six Months ending at Lady day &amp; Michaelmas.</P>
<P>Commi&s;sioner</P>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London. Custom 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Excise. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Transfer 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Exchequer. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London. Custom. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Excise. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Transfer. 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. London Exchequer. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Norwich Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Colchester Cus &amp; Excise. 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Southampto~ Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Hull. Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Norwich Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Colchester Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Southampto~ Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Hull. Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Chester Cust: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Shrewsbury Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Exeter Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Plymouth Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Chester Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Shrewsbury Cus &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Exeter Cus &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Plymouth Cus &amp; Excise. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Bristoll. Cus: &amp; Exc: 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Yarmouth Cus: &amp; Exc: 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Yorke. Cus. &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Newcastle Cus &amp; Excise. 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Bristoll Cus: &amp; Excise 1695. N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100 Yarmouth Cus: &amp; Exc: 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Yorke Cus: &amp; Excise 1695 N</P>
</FIGURE>
<FIGURE>
<P><ABBR>lo</ABBR> 100. Newcastle Cus: &amp; Excise 1695. N</P>
</FIGURE>
</FIGURE></P>
<P>This Bill is to be cut Indentwise through the Several Knotts, or Flourishes, and each Knott or Flourish being Nombred (as the Bill will be) is to be Severally Pasted in a Book to be kept at each respective. Place mentioned above it; There to prove the Truth of Such Bill.</P>
</DIV1>
</BACK>
</TEXT>
</EEBO>
</ETS>
