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<DATE>2014-10-07</DATE>
<RESPSTMT>
<NAME>Simon Charles</NAME>
<RESP>MURP</RESP>
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<ITEM>Proofed and reviewed as part of batch Z140413.pdcc.</ITEM>
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<EEBO>
<IDG S="marc" R="OX" ID="B21004">
<STC T="W">D2B</STC>
<BIBNO T="oclc">[ocm]31355794</BIBNO>
<VID>205841</VID>
</IDG>
<TEXT LANG="eng">
<FRONT>
<DIV1 TYPE="title page">
<PB REF="1" MS="y">
<PB REF="1" MS="y">
<P>A Supplement TO THE PROPOSALS For Supplying His MAJESTY with Twelve or Fourteen Millions of Money, (Or more, if Required,) For the Year MDCXCVII. Without <HI>Sub&s;crip&s;ions,</HI> or Rai&s;ing the pre&s;ent <HI>Taxes.</HI> WITH A SCHEME that Plainly Demon&s;trates the &s;ame.</P>
<P>By <HI>A. D.</HI> of <HI>Greys-Inn,</HI> E&s;q;, and &s;ome Others his Friends.</P>
<P><HI>London,</HI> Printed for the Author, and Sold by <HI>Peter Parker</HI> at the <HI>Leg</HI> and <HI>Star</HI> over-again&s;t the <HI>Royal Exchange</HI> in <HI>Cornhil,</HI> and <HI>John Waltho</HI> at the <HI>Cloy&s;ters</HI> in the <HI>Temple,</HI> and <HI>John Gouge</HI> at the <HI>Ca&s;tle</HI> in <HI>We&s;tmin&s;ter-Hall, Anno Domini</HI> MDCXCVII.</P>
</DIV1>
</FRONT>
<BODY>
<DIV1 TYPE="proposals">
<PB REF="2" MS="y">
<PB N="3" REF="2" MS="y">
<P>'TIS a Great Sum that His Maje&s;ty's <HI>pre&s;ent Nece&s;&s;i|ties</HI> do now call aloud for: The neare&s;t E&s;timate I can make, is not le&s;s than <HI>Twelve Millions.</HI> And if he pays off the <HI>Royal Bank,</HI> and will Redeem the King|doms Credit and theirs, the &s;ame will require very little (if any) le&s;s than <HI>Fourteen Millions;</HI> which is lookt upon to <GAP DESC="illegible" RESP="OXF" EXTENT="1 letter">e almost (if not altogether) twice as much Money as is in the whole Kingdom. And if the King be not &s;upplied, we are &s;ure to be Va&s;|&s;als to <HI>France;</HI> or if he have &s;o much, as that little or none be left for the People, the Kingdom must &s;ink and peri&s;h.</P>
<P>This looks like an <HI>Extraordinary Extremity,</HI> but, in the Bottom, is no farther &s;o, than as our &s;elves will make it, becau&s;e we have e|nough of Moneys Worth; and the Old Maxim &s;ays, That <HI>no man is bare, who has Lands, Money, or the worth of it, becau&s;e all is Convertible into Money;</HI> And therefore whil&s;t we have any thing, we ought to defend it as we can best, which is, by giving part of &s;uch as we have, or can have, to &s;ave the re&s;t: And to &s;up|ply the King for that end, needs no more than this One Tax; And this will be mo&s;t equal, becau&s;e every one who has mo&s;t, contributes the mo&s;t towards it.</P>
<P>Now no Tax &s;eems to be &s;o equal as that upon Malt; For the Land-Tax lies heavy on the Landlords, whil&s;t many Rich Trade&s;|men, nay, the very Mal&s;ters them&s;elves, and other Wealthy Hou&s;e-holders (that live upon their Per&s;onal Estates) go almo&s;t Scot-free, and haue hitherto paid very little or Nothing to the Wars. And this Malt-Tax would not only be equal, but al&s;o ea&s;ie, becau&s;e it would be &s;mall and light upon the Rich, and the Poor will be ea&s;ed thereby; and &s;o &V;niver&s;al, as none will be able to evade the full of (or near) their Proportions; and tho it be &s;mall, yet it will (by that Univer&s;a|lity) ari&s;e to a Fund &s;ufficiently big, with what el&s;e is propo&s;ed, to rai&s;e
<PB N="4" REF="3" MS="y"> Millions of Money enough to &s;upply all the King's Occa&s;ions to the full, being paid off by Two Millions a Year. And if the Nation will but take their own Profits by &V;&s;ury into their own hands, the War may thereby be continued to &s;ink our Enemies, and the Land-Tax be for e|ver laid a&s;ide, &s;ave only one half thereof for the Year 1697.</P>
<P>All which is very ea&s;ie to be accompli&s;hed by the following Means, VIZ.</P>
<LIST>
<ITEM>1<HI>&s;t,</HI> By E&s;tabli&s;hing a true National Univer&s;al Credit through|out every part of the Kingdom, inherent in the Parliament; Be|cau&s;e no Credit in particular hands can be &s;o Univer&s;ally Accept|able, Safe, Convenient or Profitable to the Nation, which privat<GAP DESC="illegible" RESP="OXF" EXTENT="1 letter"> Banks have greatly di&s;honoured.</ITEM>
<ITEM>2<HI>dly,</HI> By transferring the Pre&s;ent Exci&s;es upon Beer and Ale in|to a le&s;s Duty upon Malt, which yet will produce more than five times the Yearly quantity of money to His <HI>Maje&s;ty</HI> than the&s;e Exci&s;es amount to; and that with a great deal more Ea&s;e and E|quality to the Subjects, and half the Charge &s;aved in Collecting.</ITEM>
</LIST>
<P>The Methods whereof, and the Advantages whereby, are &s;et forth (by plain Demon&s;tration) in the following Scheme.</P>
<P><TABLE>
<HEAD>A <HI>Scheme</HI> of mo&s;t Ea&s;ie Demon&s;tration, to Rai&s;e for His <HI>Maje&s;ty</HI> Twelve or Fourteen Millions of Mo|ney (or more, if de&s;ired) for the Year 1697. without <HI>Sub&s;crip&s;ions,</HI> or <HI>Advancing</HI> the pre&s;ent <HI>Taxes.</HI></HEAD>
<ROW>
<CELL>&nbsp;</CELL>
<CELL ROLE="label"><HI>s.</HI></CELL>
<CELL ROLE="label"><HI>d.</HI></CELL>
</ROW>
<ROW>
<CELL>THree Bu&s;hels of Malt make a Barrel of Strong Beer, the Exci&s;es whereof are</CELL>
<CELL>4</CELL>
<CELL>9</CELL>
</ROW>
<ROW>
<CELL>One Barrel of Small Beer comes off from the &s;ame, who&s;e Exci&s;es are</CELL>
<CELL>1</CELL>
<CELL>3</CELL>
</ROW>
<ROW>
<CELL>So as three Bu&s;hels of Malt (now paying 2 <HI>s. per</HI> Bu|&s;hel Exci&s;e) makes it up Six Shilling</CELL>
<CELL>6</CELL>
<CELL>0</CELL>
</ROW>
</TABLE></P>
<PB N="5" REF="3" MS="y">
<P><TABLE>
<ROW>
<CELL>A Gentleman of 500 <HI>l. per Ann.</HI> now pays, (or ought to pay) by the 4 <HI>s.</HI> in the Pound Tax 100 <HI>l.</HI></CELL>
<CELL>100</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>He is &s;uppo&s;ed to Expend 25 Hog&s;heads of Strong Beer <HI>per Ann.</HI> to which is allowed Six Bu&s;hels of Malt <HI>per</HI> Hog&s;head, in fa|vour of the Accompt to the Landed Gentry, tho' 'tis not often that more than Five Bu&s;hels are afforded; but at Six Bu&s;hels <HI>per</HI> Hog&s;h^d it comes to no more than 150 Bu&s;hels; which at Twenty pence <HI>per</HI> Bu&s;hel, his whole Years Tax will come to but Twelve Pounds ten Shillings. Becau&s;e 25 Hog&s;heads of Small Beer (or more) will come off from the &s;ame, for the U&s;e of his Family.</CELL>
<CELL>12</CELL>
<CELL>10</CELL>
</ROW>
<ROW>
<CELL>So as in lieu of One Hundred Pounds he now pays for his Land Tax, he &s;hall then pay no more than Twelve Pounds Ten Shillings for his Malt Tax, whereby he will be a Saver <HI>per Annum</HI> of Eighty-&s;even Pounds and Ten Shillings.</CELL>
<CELL>87</CELL>
<CELL>10</CELL>
</ROW>
</TABLE></P>
<P><TABLE>
<ROW>
<CELL>There are divers E&s;timates of the Quantity of Malt, made Yearly in <HI>England,</HI> but mo&s;t Men do believe that laborious Computation to be neare&s;t the Truth, which &s;ays, Eight Pence <HI>per</HI> Bu&s;hel will rai&s;e <HI>per Ann.</HI> Two Millons One Hundred Thou&s;and Pounds.</CELL>
<CELL>2.100.000</CELL>
</ROW>
<ROW>
<CELL>Wherefore, if a Duty of 20 <HI>d. per</HI> Bu&s;hel be laid thereon, the &s;ame will be le&s;s by 4 <HI>d.</HI> on the Bu&s;hel, (or 12 <HI>d.</HI> on the Barrel of Beer) than the <HI>Brewers</HI> now pay; and yet that ea&s;ie Tax (if the quantity of Malt be right gue&s;s'd at, of which there is almo&s;t as plain Demon&s;tration, as of any thing in the World) will rai&s;e for the KING <HI>per ann.</HI> Five Millions Two Hun|dred and Fifty Thou&s;and Pounds.</CELL>
<CELL>5.250.000</CELL>
</ROW>
<ROW>
<CELL>If there be allow'd for the pre&s;ent Exci&s;es (which is &s;uppo&s;ed to be the utmo&s;t tho&s;e yield) Nine Hun|dred and Fifty Thou&s;and Pounds <HI>per annum.</HI></CELL>
<CELL>950.000</CELL>
</ROW>
<ROW>
<CELL>This Univer&s;al Exci&s;e of 20 <HI>d. per</HI> Bu&s;hel amounts to more than the pre&s;ent Exci&s;es of 2 <HI>s. per</HI> Bu&s;hel (as it is now laid) by Four Millions and Three Hundred Thou|&s;and Pounds <HI>per annum.</HI></CELL>
<CELL>4.300.000</CELL>
</ROW>
<PB N="6" REF="4" MS="y">
<ROW>
<CELL>If for the Charge in Collecting be allow'd <HI>per annum</HI> Two Hundred Thou&s;and Pounds,</CELL>
<CELL>200.000</CELL>
</ROW>
<ROW>
<CELL>There will remain neat from the &s;everal Offices for the Service of the Nation Four Millions and One Hun|dred Thou&s;and Pounds for the Year 1697.</CELL>
<CELL>4.100.000</CELL>
</ROW>
<ROW>
<CELL>Whereunto adding one half of the Neat Money of 4 <HI>s.</HI> for the Land Tax for that Year 1697. the &s;ame will be at 2 <HI>s. per</HI> Pound about Nine Hundred Thou&s;and Pds.</CELL>
<CELL>900.000</CELL>
</ROW>
<ROW>
<CELL>Here will be collected in the Year 1697. in Neat Ca&s;h, of Mill'd Money and Guineas, Five Millions.</CELL>
<CELL>5.000.000</CELL>
</ROW>
<ROW>
<CELL>If there be paid out of this, to di&s;charge Bills for the Year 1697. Two Millions,</CELL>
<CELL>2.000.000</CELL>
</ROW>
<ROW>
<CELL>There will remain a Re&s;erve at the end of the Year 1697. for a Collateral Security, and to pay tho&s;e that want Ca&s;h, to an&s;wer Foreign Demands, and to put Bills in Circulation at 3 <HI>per Cent</HI> Intere&s;t, on Mortgages and other Securities, Three Millions.</CELL>
<CELL>3.000.000</CELL>
</ROW>
<ROW>
<CELL>Admitting the Malt Tax in the Year 1698.
<TABLE>
<ROW>
<CELL>to rai&s;e the like Summ, as in the Year 1697.</CELL>
<CELL>4.100.000</CELL>
</ROW>
<ROW>
<CELL>And deducting from thence another 2 Mill.</CELL>
<CELL>2.000.000</CELL>
</ROW>
</TABLE></CELL>
<CELL>2.100.000</CELL>
</ROW>
<ROW>
<CELL>There will be at the end of the Year 1698. a Stock remaining in Re&s;erve, for Collateral Security, and to pay Ca&s;h in &s;pecie on Foreign Occa&s;ions, and to Circu|late Bills as afore&s;aid, of Five Millions and One Hundred Thou&s;and Pounds, towards the Defraying the Charge of the Wars for that Year, if it continues.</CELL>
<CELL>5.100.000</CELL>
</ROW>
<ROW>
<CELL>And for a Help thereunto, will be the Profits from the Offices of that Year 1698 entire, together with &s;ome Effects that may be expected from thence in the Year 1697. if the &s;ame &s;hall be &s;ettled by <HI>Mid&s;ummer,</HI> or <HI>Michaelmas</HI> next, and Mortgages come in, and Money lent on tho&s;e and on Lombards, and other good Securi|ties, at 3 <HI>per Cent,</HI> the clear Profits by <HI>Chri&s;tmas,</HI> 1698. or by <HI>Lady-day</HI> following, being one Year and a half,
<PB N="7" REF="4" MS="y"> may be hoped (be&s;ides the Charges of managing the &s;ame) to exceed Six Millions.</CELL>
<CELL>6.000.000</CELL>
</ROW>
<ROW>
<CELL>So as there will be a Stock, ready collected for the Service of the Kingdom, for the Year 1698. Eleven Millions and One Hundred Thou&s;and Pounds.</CELL>
<CELL>11.100.000</CELL>
</ROW>
</TABLE></P>
<P>And there will (yet) ari&s;e a further Help from the Funds, that &s;hall have clear'd afore&s;aid their Anticipations.</P>
<P>Here is like to be Money enough to pay the Charge of the Na|tion in the Year 1698, and a great deal to &s;pare, to Circulate Bills, and in the Se&s;&s;ions that Year, the Parliament will &s;ee more clearly what Mea&s;ures to take for the Year 1699. than can now be foretold; and if the Profits on the&s;e Bills &s;hall an&s;wer the pre&s;ent Pro&s;pect, neither this, nor any other Tax will need long to continue.</P>
<P>But in the mean time here will be enough every day coming in, to remove that &s;ore Oppre&s;&s;ion, &s;o bitterly groan'd under, the Tax upon untenanted Hou&s;es, which the lowering of Rents cannot mend whil&s;t the People have no Trade to &s;ub&s;i&s;t by, but which the Me|thods herein propo&s;ed will &s;uddainly revive to Admiration and Wonder.</P>
<P>Hitherto is &s;et forth what may be expected from the Malt Tax, and the Offices of Credit from the beginning of the Year 1697. to the end of the Year 1698. the &s;ame being a Ground-Work for what &s;hall here follow, <HI>Viz.</HI></P>
<P>That how many Millions &s;oever the Parliament &s;hall think fit to give unto His Maje&s;ty for the Year 1697. the &s;ame may be paid off by Two Millions <HI>per Annum,</HI> according to the Methods afore&s;aid, for which, Orders may be drawn by the Lords of the Trea&s;ury on the <GAP DESC="illegible" RESP="OXF" EXTENT="1+ letters">ead Office in <HI>London;</HI> from whence may (accordingly) i&s;&s;ue Bills for the whole Money, given by Parliament for that Years Service, to be paid off by the&s;e Two Millions <HI>per Annum,</HI> as the Ca&s;h &s;hall come into the Offices, according to the Priority of the Number of every Bill, and the the Contents of the Draughts from the Lords of the Trea&s;ury, to be di&s;tributed by Directions from the Re&s;pective particular Trea&s;urers of the Army, Navy, Ordnance, <HI>&amp;c.</HI> to every individual Per&s;on con|cern'd therein; regard being had to the like Priority of Numbers of tho&s;e Bills in like manner: And that in the mean time the Money comes in, all the&s;e Bills &s;hall pa&s;s current from Man to Man for the Sums expre&s;s'd in 'em, as for &s;o much Money in Coin.</P>
<PB N="8" REF="5" MS="y">
<P>And if the <HI>Royal Bank</HI> &s;hall be plea&s;ed to accept of their Mony, and the Intere&s;t due thereupon; nay, and al&s;o if they plea&s;e to transfer their Securities, and that his Maje&s;ties Plea&s;ure &s;hall be &s;uch, the &s;aid <HI>Lords Commi&s;&s;ioners</HI> may give unto them the fir&s;t Bills, or one half, or one Third thereof, as can be&s;t be agreed on, to be paid off in New Mony and Gui|nies (provided they &s;o pay others) that &s;hall fir&s;t come in from the Taxes, which 'tis hoped they will not refu&s;e (barely for the Lucre of that Extraordinary Intere&s;t of 8 l. 6 s. 8 d. <HI>per cent.</HI> con&s;idering the pre&s;ent Di&s;tre&s;&s;es of the Nation. And the Per&s;ons indebted, who &s;hall be concerned in Transferring of the&s;e Securities, will migh|tily rejoice in having their Intere&s;t reduced to 3 <HI>per cent.</HI> by the Kind|ne&s;s of the Government.</P>
<P>I come now to a few words more to the Nobles and Landed Gentle|men, <HI>viz</HI> It is proved before, that Twelve pounds ten &s;hillings <HI>per an|num</HI> Extraordinary Charge on their Beer, will &s;ave 100 <HI>l.</HI> of the Land-Tax; wherein is further to be ob&s;erv'd, <HI>viz.</HI></P>
<P><TABLE>
<ROW>
<CELL>That the &s;aid 12 <HI>l.</HI> 10 <HI>s.</HI> is One Years full Quota for that Gentleman of 500 <HI>l. per annum,</HI> to pay towards the rai&s;ing for his Maje&s;ty Five Millions Two Hundred and Fifty Thou&s;and Pounds</CELL>
<CELL>5250000</CELL>
</ROW>
<ROW>
<CELL>And in the Land Tax his Years Quota of 100 <HI>l.</HI> rai&s;es no more than Two Millions</CELL>
<CELL>2000,000</CELL>
</ROW>
</TABLE></P>
<P>Which gives Demon&s;tration that the Landlords in the Countrey will be &s;avers, manyfold over.</P>
<P><TABLE>
<ROW>
<CELL>For if 100 <HI>l.</HI> rai&s;es but Two Millions</CELL>
<CELL>100 <HI>l.</HI></CELL>
<CELL>2000000</CELL>
</ROW>
<ROW>
<CELL>Twelve Pounds ten &s;hillings <HI>(pro Rato)</HI> ought to rai&s;e no more than Two Hundred and Fifty Thou&s;and Pounds</CELL>
<CELL>12 <HI>l.</HI> 10 <HI>s.</HI></CELL>
<CELL>250000</CELL>
</ROW>
</TABLE></P>
<P>Now if that Twelve Pounds Ten &s;hillings, the Proportion whereof is to rai&s;e no more than Two Hundred and Fifty Thou&s;and Pounds, <HI>per Annum,</HI> do's rai&s;e 5 Millions and 250 thou&s;and pounds, then it do's &s;o many &s;old over the Service of a Land-Tax to the Landed Gen|tleman of 500 l a year, as may be a&s;toni&s;hing until the &s;ame &s;hall be demon&s;trated by Arithmetical Operation.</P>
<P>Two Doubts (and no more) can be made in this <HI>Scheme;</HI> the one is in the Quantity of the Malt; the other in the Profits by the U&s;ury of the Nation; both which are hoped (the one with the other) &s;o will make up, as not to fall &s;hort, tho none can be po&s;itive in things of this Na|ture. But what&s;oever &s;hall occur, the next Se&s;&s;ions of Parliament will &s;ee things more clear, and Regulate what &s;hall be nece&s;&s;ary, and conti|nue from Se&s;&s;ions to Se&s;&s;ions to make all needful Rectifications.</P>
<TRAILER>FINIS.</TRAILER>
</DIV1>
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