Selected quad for the lemma: act_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
act_n day_n parliament_n session_n 3,425 5 10.6408 5 false
View all documents for the selected quad

Text snippets containing the quad

ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A29540 A discourse on the late funds of the Million-act, and Bank of England shewing that they are injurious to the nobility and gentry, and ruinous to the trade of the nation : together with proposals for the supplying Their Majesties with money on easy terms, exempting the nobility, gentry &c. from taxes, enlarging their yearly estates, and enriching all the subjects in the kingdom ... / by J.B. Briscoe, John, fl. 1695. 1694 (1694) Wing B4745; ESTC R25299 46,507 61

There are 3 snippets containing the selected quad. | View original text

and_o bill_n of_o credit_n advance_v upon_o the_o security_n of_o they_o in_o order_n as_o they_o be_v enter_v in_o the_o general_n register_n without_o preference_n or_o otherwise_o 22_o d._n that_o any_o person_n or_o person_n after_o their_o estate_n or_o estate_n shall_v be_v settle_v six_o month_n may_v have_v what_o bill_n of_o credit_n they_o please_v for_o their_o own_o proper_a use_n or_o uses_n not_o exceed_v 20_o year_n purchase_v of_o the_o present_a yearly_o value_v of_o their_o estate_n pay_v the_o commissioner_n and_o director_n for_o each_o 100_o l._n value_n in_o bill_n of_o credit_n to_o be_v keep_v for_o their_o own_o proper_a use_n or_o uses_n 10_o s._n per_fw-la annum_fw-la for_o the_o charge_n which_o the_o say_v commissioner_n and_o director_n must_v necessary_o be_v at_o in_o issue_v out_o and_o renew_v the_o bill_n of_o credit_n and_o towards_o the_o payment_n of_o salary_n to_o servant_n and_o all_o other_o their_o charge_n whatsoever_o 23_o d._n that_o any_o person_n or_o person_n after_o their_o estate_n or_o estate_n shall_v have_v be_v settle_v six_o month_n may_v have_v what_o bill_n of_o credit_n they_o please_v on_o their_o own_o proper_a account_n not_o exceed_v 20_o year_n purchase_v of_o the_o present_a yearly_o value_v of_o their_o estate_n pay_v the_o commissioner_n and_o director_n any_o of_o the_o follow_a annuity_n according_a to_o the_o several_a term_n of_o year_n next_o and_o immediate_o herein_o after_o set_v down_o that_o be_v to_o say_v for_o a_o annuity_n of_o 50_o year_n 2_o l._n 10_o s._n 40_o year_n 3_o l._n s._n 33.4_o month_n 3_o l._n 10_o s._n 25_o year_n 4_o l._n 10_o s._n 20_o year_n 5_o l._n 10_o s._n 16_o year_n 6_o l._n 15_o s._n 13.4_o month_n 8_o l._n s._n 10_o year_n 10_o l._n 10_o s._n per_fw-la cent._n per_fw-la annum_fw-la and_o no_o more_o for_o each_o and_o every_o 100_o l._n value_n in_o bill_n of_o credit_n issue_v out_o by_o the_o commissioner_n and_o director_n to_o he_o or_o they_o for_o his_o or_o their_o own_o proper_a use_n or_o uses_n 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la part_n of_o the_o say_a annuity_n to_o be_v pay_v to_o the_o say_a commissioner_n and_o director_n for_o their_o charge_n to_o be_v equal_o divide_v among_o they_o and_o with_o the_o remainder_n or_o residue_n of_o the_o say_a annuity_n the_o say_a commissioner_n and_o director_n shall_v discharge_v and_o cancel_v bill_n of_o credit_n for_o part_n of_o the_o principal_a until_o all_o and_o every_o part_n of_o the_o principal_a shall_v be_v pay_v and_o the_o bill_n of_o credit_n issue_v out_o thereupon_o cancel_v 24_o the_o that_o any_o person_n or_o person_n who_o shall_v have_v or_o receive_v any_o of_o the_o say_a bill_n of_o credit_n may_v renew_v they_o once_o in_o every_o calendar-month_n without_o fee_n or_o reward_n 25_o the_o that_o any_o person_n or_o person_n who_o shall_v renew_v any_o bill_n or_o bill_n of_o credit_n may_v have_v as_o many_o bill_n of_o credit_n as_o they_o please_v for_o any_o bill_n of_o credit_n of_o the_o like_a value_n but_o no_o bill_n of_o credit_n be_v to_o be_v make_v for_o a_o less_o value_n than_o 5_o l._n 26_o the_o that_o any_o commissioner_n or_o director_n who_o shall_v direct_o or_o indirect_o take_v any_o great_a premium_fw-la consideration_n or_o reward_n for_o do_v their_o duty_n enjoin_v they_o by_o this_o act_n he_o or_o they_o shall_v be_v suspend_v from_o their_o place_n or_o place_n until_o the_o next_o session_n of_o parliament_n 27_o the_o that_o the_o commissioner_n and_o director_n shall_v cause_v a_o complete_a balance_n of_o their_o book_n to_o be_v draw_v up_o every_o year_n in_o the_o month_n of_o august_n unto_o the_o first_o day_n of_o the_o say_a month_n to_o be_v subject_a to_o the_o inspection_n of_o a_o committee_n or_o committee_n of_o the_o lord_n or_o commons_o in_o parliament_n 28_o that_o every_o commissioner_n or_o director_n who_o shall_v issue_v out_o bill_n of_o credit_n upon_o the_o security_n of_o any_o estate_n to_o a_o great_a value_n than_o 20_o year_n purchase_v of_o such_o estate_n as_o the_o same_o shall_v be_v swear_v to_o be_v worth_a by_o two_o or_o more_o credible_a witness_n or_o shall_v issue_v out_o bill_n of_o credit_n for_o the_o security_n of_o which_o no_o estate_n shall_v be_v first_o settle_v or_o shall_v lend_v or_o advance_v to_o their_o majesty_n any_o bill_n of_o credit_n otherwise_o than_o upon_o a_o parliamentary_a fund_z and_o by_o the_o consent_n and_o authority_n of_o parliament_n shall_v incur_v and_o suffer_v the_o pain_n and_o penalty_n of_o high-treason_n 29_o the_o that_o it_o shall_v be_v high-treason_n to_o counterfeit_v any_o of_o the_o say_a bill_n or_o to_o offer_v they_o in_o payment_n know_v the_o same_o to_o be_v counterfeit_v have_v thus_o finish_v my_o proposal_n i_o shall_v mention_v something_o of_o those_o many_o great_a advantage_n which_o their_o majesty_n and_o the_o whole_a nation_n will_v reap_v by_o this_o propose_a method_n first_o their_o majesty_n will_v be_v plentiful_o supply_v with_o money_n on_o much_o easy_a term_n and_o far_o great_a sum_n may_v have_v be_v raise_v on_o the_o million-act_n lottery-act_n and_o bank_n of_o england_n by_o this_o propose_a method_n than_o be_v raise_v by_o the_o say_a fund_n by_o the_o late_a method_n and_o the_o like_a may_v be_v do_v on_o any_o future_a fund_z and_o the_o more_o money_n any_o fund_z raises_z the_o few_o fund_n will_v need_v to_o be_v settle_v and_o consequent_o the_o nation_n will_v be_v less_o burden_v second_o it_o will_v certain_o unite_v their_o majesty_n and_o the_o people_n and_o engage_v they_o inseparable_o in_o each_o other_o interest_n three_o these_o propose_a bill_n of_o credit_n be_v a_o new_a species_n of_o money_n and_o to_o all_o intent_n and_o purpose_n as_o useful_a as_o money_n it_o will_v be_v as_o it_o be_v a_o introduce_v of_o so_o many_o more_o fresh_a money_a man_n into_o the_o kingdom_n with_o several_a million_o of_o money_n more_o than_o be_v before_o for_o the_o supply_n of_o their_o majesty_n and_o will_v answer_v all_o occasion_n as_o the_o bring_n in_o so_o many_o million_o of_o money_n into_o the_o nation_n will_v or_o can_v have_v do_v four_o money_n natural_o beget_v money_n every_o million_o value_n in_o these_o bill_n of_o credit_n will_v produce_v as_o much_o profit_n as_o a_o million_o of_o money_n and_o if_o employ_v in_o trade_n and_o but_o 6_o l._n per_fw-la cent_n per_fw-la annum_fw-la get_v by_o it_o each_o million_o value_n in_o bill_n of_o credit_n issue_v out_o upon_o the_o security_n of_o gentleman_n estate_n will_v bring_v in_o 60000_o l._n per_fw-la annum_fw-la profit_n every_o year_n to_o the_o nation_n five_o it_o will_v keep_v great_a sum_n in_o the_o nation_n that_o otherwise_o will_v be_v send_v out_o of_o the_o nation_n for_o interest_n and_o will_v enable_v we_o to_o lend_v who_o be_v now_o force_v to_o borrow_v of_o other_o sixthly_a it_o will_v animate_v our_o merchant_n and_o set_v they_o upon_o the_o same_o level_n in_o respect_n of_o trade_n with_o our_o neighbour_n seven_o it_o will_v encourage_v all_o artificer_n and_o handicraft_n and_o bring_v new_a manufacture_n into_o the_o kingdom_n which_o can_v now_o be_v wrought_v here_o by_o reason_n of_o high_a interest_n and_o set_v all_o our_o poor_a at_o work_n many_o thousand_o of_o who_o be_v now_o in_o a_o starve_a condition_n for_o want_n of_o employment_n and_o it_o will_v turn_v the_o genius_n of_o the_o subject_n into_o the_o right_a channel_n again_o by_o put_v they_o upon_o the_o improve_n their_o money_n in_o trade_n eighthly_a it_o will_v ease_v all_o the_o nobility_n and_o gentry_n from_o tax_n who_o shall_v advance_v bill_n of_o credit_n to_o their_o majesty_n upon_o the_o security_n of_o their_o estate_n and_o will_v add_v 50_o or_o 60_o l._n per_fw-la annum_fw-la to_o every_o 100_o l._n per_fw-la annum_fw-la of_o their_o present_a estate_n nine_o gentleman_n will_v have_v a_o opportunity_n of_o improve_n their_o estate_n by_o building_n repair_a plant_v drain_n or_o water_v their_o land_n who_o be_v not_o now_o able_a to_o do_v it_o by_o reason_n of_o scarcity_n of_o money_n and_o high_a interest_n by_o which_o mean_v many_o thousand_o people_n who_o be_v now_o chargeable_a to_o the_o parish_n will_v be_v employ_v in_o all_o the_o several_a part_n of_o this_o kingdom_n ten_o it_o will_v enable_v all_o such_o who_o estate_n be_v mortgage_v or_o otherwise_o engage_v to_o clear_v their_o estate_n from_o encumbrance_n and_o those_o may_v have_v bill_n of_o credit_n upon_o the_o security_n of_o their_o own_o estate_n for_o 10_o s._n per_fw-la cent._n per_fw-la annum_fw-la as_o in_o proposal_n 22_o who_o now_o pay_v 5_o 6_o or_o 7_o l._n per_fw-la cent._n per_fw-la annum_fw-la
thereby_o lessen_v and_o consequent_o the_o security_n strengthen_v vide_fw-la proposal_n 18_o 19_o object_n but_o you_o oppose_v the_o money_a man_n make_v advantage_n of_o their_o money_n and_o propose_v great_a advantage_n to_o gentleman_n of_o real_a estate_n answ_n i_o confess_v i_o do_v and_o that_o for_o several_a reason_n first_o gentleman_n of_o yearly_a estate_n have_v bear_v the_o burden_n of_o the_o tax_n while_o the_o money_a man_n have_v pay_v little_a or_o nothing_o for_o the_o carry_v on_o the_o war_n or_o support_v of_o the_o government_n but_o on_o the_o contrary_a many_o of_o they_o have_v enrich_v themselves_o by_o it_o second_o none_o can_v possess_v or_o enjoy_v land_n but_o the_o subject_n of_o this_o realm_n but_o money_a man_n be_v of_o all_o sort_n foreigner_n as_o well_o as_o our_o own_o subject_n and_o if_o a_o advantage_n be_v to_o be_v make_v it_o ought_v to_o be_v to_o our_o own_o subject_n rather_o than_o to_o foreigner_n three_o it_o be_v less_o hazardous_a to_o trust_v the_o riches_n of_o the_o nation_n in_o the_o hand_n of_o our_o own_o subject_n who_o be_v settle_v here_o with_o their_o family_n than_o with_o those_o who_o be_v bear_v in_o foreign_a part_n may_v and_o in_o all_o likelihood_n when_o they_o have_v get_v our_o money_n will_v carry_v it_o out_o of_o the_o nation_n four_o the_o land_a gentleman_n will_v deserve_v this_o encouragement_n in_o that_o they_o will_v raise_v above_o double_a the_o sum_n of_o money_n upon_o any_o fund_z by_o this_o propose_a method_n more_o than_o be_v raise_v by_o the_o late_a method_n five_o this_o propose_a method_n increase_v trade_n enrich_v the_o subject_n and_o will_v raise_v the_o price_n of_o land_n the_o late_a method_n destroy_v trade_n impoverish_v the_o subject_a and_o depretiate_v land_n obj._n but_o in_o a_o little_a time_n the_o bank_n of_o england_n will_v be_v in_o great_a repute_n and_o they_o will_v issue_v out_o their_o bank-bill_n which_o will_v go_v for_o money_n and_o these_o bill_n the_o director_n will_v lend_v gentleman_n upon_o the_o security_n of_o their_o estate_n for_o 61._o per_fw-la cent_n per_fw-la annum_fw-la interest_n and_o also_o to_o merchant_n at_o the_o same_o rate_n upon_o a_o deposit_v of_o ware_n or_o merchandise_n in_o the_o custody_n of_o the_o bank_n for_o a_o security_n answ_n if_o land_n be_v a_o security_n why_o may_v not_o gentleman_n be_v enable_v by_o this_o propose_a method_n to_o issue_v out_o bill_n of_o credit_n upon_o a_o fund_z of_o land_n settle_v out_o of_o their_o own_o estate_n as_o well_o as_o these_o gentleman_n bank-bill_n upon_o a_o fund_z settle_v on_o the_o excise_n be_v not_o 100000_o l._n per_fw-la annum_fw-la in_o land_n a_o better_a and_o more_o valuable_a fund_z then_o 100000_o l._n per_fw-la annum_fw-la payable_a out_z of_o the_o excise_n i_o be_o sure_a it_o be_v esteem_v so_o former_o and_o it_o be_v in_o the_o power_n of_o the_o parliament_n to_o make_v it_o so_o still_o if_o they_o please_v and_o yet_o the_o gentleman_n with_o 100000_o l._n per_fw-la annum_fw-la in_o land_n if_o they_o want_v money_n must_v be_v glad_a to_o accept_v of_o the_o bank-bill_n for_o half_a the_o value_n of_o their_o estate_n for_o which_o their_o whole_a estate_n must_v be_v engage_v and_o must_v give_v they_o 6_o l._n per_fw-la cent._n per_fw-la annum_fw-la into_o the_o bargain_n when_o the_o security_n such_o have_v who_o take_v these_o bank-bill_n be_v not_o near_o so_o good_a a_o security_n as_o these_o gentleman_n estate_n be_v who_o yet_o must_v be_v force_v to_o mortgage_v they_o for_o those_o bank-bill_n to_o which_o i_o can_v make_v no_o fit_a a_o comparison_n than_o for_o a_o man_n to_o pawn_v a_o guinea_n for_o a_o counter_a or_o a_o diamond_n for_o a_o bristol_n stone_n and_o therefore_o i_o confess_v i_o can_v see_v no_o reason_n why_o gentleman_n shall_v give_v 6_o l._n per_fw-la cent._n per_fw-la annum_fw-la for_o bank-bill_n when_o they_o may_v have_v bill_n of_o credit_n upon_o their_o own_o estate_n which_o be_v better_a security_n for_o 10_o shilling_n per_fw-la cent._n per_fw-la annum_fw-la object_n but_o it_o be_v not_o consistent_a with_o the_o wisdom_n or_o justice_n of_o the_o nation_n to_o grant_v the_o gentleman_n of_o the_o bank_n a_o act_n for_o their_o establishment_n and_o to_o repeal_v it_o next_o session_n for_o the_o parliament_n may_v as_o well_o repeal_v the_o act_n as_o to_o enact_v that_o land_n shall_v pass_v for_o money_n which_o be_v in_o effect_n to_o set_v up_o another_o bank_n or_o rather_o so_o many_o several_a bank_n as_o there_o be_v land_v man_n in_o the_o nation_n who_o then_o need_v not_o come_v to_o the_o bank_n to_o borrow_v money_n upon_o their_o estate_n but_o will_v be_v able_a to_o lend_v money_n to_o other_o answ_n it_o be_v not_o material_a what_o some_o gentleman_n of_o the_o bank_n may_v propose_v to_o themselves_o but_o what_o the_o parliament_n grant_v they_o which_o be_v better_a than_o 8_o l._n per_fw-la cent._n per_fw-la annum_fw-la for_o 11_o year_n and_o long_o if_o it_o be_v not_o injurious_a to_o the_o nation_n and_o since_o it_o appear_v to_o be_v so_o already_o in_o so_o eminent_a a_o degree_n it_o show_v rather_o the_o great_a justice_n of_o the_o parliament_n in_o continue_v they_o for_o 11_o year_n and_o pay_v they_o 100000_o l._n per_fw-la annum_fw-la to_o the_o great_a prejudice_n of_o their_o own_o estate_n when_o they_o may_v have_v the_o same_o sum_n of_o 1200000_o l._n for_o 36000_o l._n per_fw-la annum_fw-la and_o their_o estate_n considerable_o augment_v thereby_o object_n but_o you_o propose_v to_o force_v the_o subject_a to_o take_v piece_n of_o paper_n for_o money_n which_o have_v no_o intrinsic_a value_n in_o they_o which_o will_v never_o be_v allow_v of_o by_o a_o english_a parliament_n who_o though_o they_o make_v the_o bank-bill_n assignable_a yet_o they_o compel_v no_o person_n to_o take_v they_o answ_n 1._o i_o grant_v there_o ought_v to_o be_v no_o force_n on_o the_o subject_a to_o take_v any_o thing_n in_o payment_n which_o have_v not_o a_o intrinsic_a value_n in_o itself_o or_o which_o convey_v not_o a_o intrinsic_a value_n along_o with_o it_o whereby_o the_o receiver_n may_v be_v no_o loser_n and_o therefore_o it_o be_v not_o without_o good_a reason_n that_o the_o parliament_n do_v not_o oblige_v the_o subject_a to_o take_v the_o bank-bill_n because_o the_o bank_n have_v a_o fund_z for_o the_o security_n of_o 1200000_o l._n only_o and_o they_o may_v issue_v out_o bill_n for_o as_o many_o million_o as_o they_o please_v for_o which_o there_o be_v no_o security_n but_o the_o member_n of_o the_o bank_n which_o be_v but_o a_o personal_a security_n answ_n 2._o these_o propose_a bill_n of_o credit_n convey_v a_o intrinsic_a value_n with_o they_o there_o be_v a_o fund_z of_o land_n propose_v to_o be_v settle_v for_o their_o security_n before_o they_o be_v issue_v out_o to_o the_o full_a value_n of_o the_o bill_n of_o credit_n issue_v out_o thereupon_o and_o also_o a_o fund_z settle_v by_o parliament_n for_o all_o bill_n of_o credit_n advance_v to_o their_o majesty_n upon_o the_o payment_n of_o any_o annuity_n which_o though_o but_o a_o collateral_a security_n for_o the_o bill_n of_o credit_n yet_o it_o may_v reasonable_o be_v suppose_v it_o will_v be_v as_o good_a a_o security_n as_o the_o fund_z of_o the_o excise_n the_o bill_n of_o credit_n be_v therefore_o settle_v on_o the_o security_n of_o private_a man_n estate_n as_o well_o as_o a_o parliamentary_a fund_z be_v of_o a_o intrinsic_a value_n as_o they_o will_v convey_v above_o double_a their_o value_n along_o with_o they_o viz._n a_o fund_z of_o land_n and_o a_o parliamentary_a fund_z and_o therefore_o for_o so_o public_a a_o good_a where_o all_o will_v be_v benefit_v and_o none_o can_v be_v loser_n i_o know_v no_o reason_n can_v be_v assign_v why_o the_o subject_n shall_v not_o be_v oblige_v to_o take_v they_o beside_o this_o be_v no_o new_a thing_n for_o land_n to_o pass_v for_o money_n for_o if_o a_o man_n mortgage_n his_o estate_n for_o 1000_o l._n if_o the_o mortgagee_n owe_v 1000_o l._n to_o another_o may_v he_o not_o pay_v he_o this_o 1000_o l._n by_o assign_v over_o this_o mortgage_n and_o the_o assignee_n to_o a_o three_o and_o so_o toties_fw-la quoties_fw-la ad_fw-la infinitum_fw-la be_v not_o this_o pass_a land_n up_o and_o down_o for_o money_n as_o much_o as_o by_o my_o propose_a method_n all_o the_o difference_n be_v i_o have_v propose_v for_o the_o conveniency_n of_o the_o subject_a to_o divide_v the_o 1000_o l._n into_o 100_o or_o 200_o part_n which_o by_o the_o usual_a way_n be_v pass_v in_o payment_n in_o one_o entire_a sum_n and_o yet_o if_o the_o title_n of_o the_o estate_n be_v good_a need_v any_o man_n complain_v for_o take_v a_o skin_n of_o parchment_n for_o
cattle_n for_o a_o thousand_o year_n and_o will_v certain_o if_o not_o remedy_v bring_v land_n to_o less_o than_o fourteen_o year_n purchase_v land-security_n former_o repute_v the_o best_a fund_z or_o security_n in_o the_o nation_n be_v now_o disregard_v and_o gentleman_n of_o estate_n how_o great_a soever_o be_v their_o necessity_n can_v without_o very_o great_a difficulty_n raise_v money_n on_o land-security_n while_o some_o man_n bill_n on_o a_o less_o substantial_a fund_z pass_z currant_n in_o payment_n as_o so_o much_o money_n what_o may_v be_v say_v to_o solve_v this_o riddle_n be_v that_o there_o be_v a_o necessity_n for_o money_n to_o carry_v on_o the_o war_n and_o no_o better_a way_n be_v then_o think_v of_o for_o raise_v it_o and_o the_o parliament_n choose_v rather_o to_o supply_v their_o majesty_n by_o give_v encouragement_n to_o all_o those_o who_o will_v advance_v money_n on_o the_o say_a fund_n though_o thereby_o they_o impair_v the_o value_n of_o their_o own_o estate_n than_o to_o subject_v their_o life_n liberty_n religion_n and_o all_o that_o be_v dear_a to_o they_o to_o the_o will_n of_o the_o french_a monarch_n however_o i_o be_o not_o without_o hope_n if_o the_o method_n i_o have_v lay_v down_o shall_v be_v approve_v of_o and_o put_v in_o practice_n that_o it_o will_v set_v we_o all_o again_o upon_o a_o right_a basis_n their_o majesty_n will_v be_v enable_v to_o carry_v on_o the_o war_n with_o a_o yet_o great_a vigour_n than_o ever_o be_v so_o plentiful_o supply_v with_o money_n the_o subject_n will_v be_v easy_a under_o their_o tax_n trade_n will_v increase_v and_o flourish_v the_o value_n of_o land_n will_v be_v enhance_v and_o what_o may_v seem_v at_o first_o a_o paradox_n the_o more_o money_n any_o person_n shall_v advance_v to_o their_o majesty_n the_o more_o they_o will_v have_v and_o the_o long_o the_o war_n shall_v continue_v the_o rich_a will_v be_v the_o subject_a i_o be_o not_o unsensible_a that_o by_o my_o writing_n on_o this_o subject_a i_o shall_v create_v myself_o many_o enemy_n such_o who_o propose_v to_o raise_v their_o estate_n by_o make_v merchandise_n of_o the_o government_n and_o who_o care_v not_o if_o they_o hazard_v the_o kingdom_n or_o ruin_v their_o fellow-subject_n so_o they_o can_v enrich_v themselves_o i_o doubt_v not_o in_o the_o least_o but_o there_o be_v very_o many_o who_o have_v advance_v money_n on_o the_o late_a fund_n who_o be_v person_n of_o public_a spirit_n and_o if_o their_o majesty_n can_v be_v supply_v with_o money_n a_o better_a way_n and_o the_o subject_a ease_v they_o will_v be_v as_o forward_o as_o any_o to_o encourage_v it_o and_o this_o method_n i_o have_v propose_v will_v not_o only_o supply_v their_o majesty_n and_o ease_v the_o subject_a but_o it_o will_v enable_v all_o the_o nobility_n gentry_n and_o other_o in_o the_o kingdom_n who_o have_v any_o encumbrance_n upon_o their_o estate_n and_o who_o be_v even_o ground_n to_o piece_n between_o their_o creditor_n and_o the_o tax_n to_o clear_v their_o estate_n to_o raise_v portion_n for_o their_o child_n and_o to_o lend_v their_o majesty_n money_n at_o easy_a interest_n and_o as_o it_o lie_v in_o the_o parliament_n power_n to_o help_v all_o the_o freeholder_n in_o the_o kingdom_n who_o be_v under_o any_o pinch_a strait_o or_o exigency_n so_o providence_n seem_v to_o concur_v in_o their_o deliverance_n in_o make_v it_o the_o very_a interest_n of_o the_o whole_a nation_n to_o relieve_v they_o all_o kingdom_n and_o state_n be_v more_o or_o less_o opulent_a and_o potent_a as_o trade_n and_o industry_n be_v promote_v and_o encourage_v by_o they_o and_o no_o nation_n be_v better_o situate_v for_o trade_n than_o this_o kingdom_n of_o england_n it_o be_v certain_a that_o nothing_o can_v hinder_v our_o be_v the_o most_o flourish_a people_n in_o the_o universe_n if_o our_o own_o endeavour_n be_v not_o want_v to_o promote_v it_o trade_n therefore_o be_v the_o only_a medium_fw-la whereby_o riches_n can_v be_v convey_v to_o we_o we_o ought_v to_o exert_v the_o utmost_a of_o our_o ability_n to_o encourage_v it_o and_o to_o take_v care_n that_o nothing_o be_v do_v which_o may_v prove_v injurious_a much_o less_o destructive_a to_o it_o now_o there_o have_v be_v great_a sum_n of_o money_n require_v to_o carry_v on_o the_o war_n against_o france_n than_o can_v be_v raise_v on_o land_n house_n personal_a estate_n poll-money_n etc._n etc._n the_o parliament_n have_v be_v necessitate_v for_o the_o enable_v their_o majesty_n to_o prosecute_v the_o same_o to_o raise_v money_n by_o such_o new_a method_n as_o they_o think_v will_v be_v least_o burdensome_a to_o trade_n and_o most_o easy_a to_o the_o subject_a such_o as_o be_v the_o fund_n of_o the_o million-act_n lottery-act_n and_o bank_n of_o england_n but_o though_o the_o duty_n upon_o which_o such_o fund_n be_v settle_v may_v not_o be_v very_o prejudicial_a to_o trade_n yet_o it_o be_v to_o be_v fear_v that_o the_o great_a encouragement_n give_v to_o those_o who_o advance_v money_n on_o these_o fund_n will_v be_v very_o detrimental_a to_o trade_n and_o injurious_a to_o the_o great_a part_n of_o the_o nation_n and_o because_o it_o may_v be_v reasonable_o suppose_v that_o those_o who_o have_v taste_v the_o sweetness_n of_o high_a interest_n and_o other_o the_o like_a advantage_n will_v endeavour_v the_o next_o session_n of_o parliament_n to_o promote_v the_o raise_v more_o money_n by_o the_o same_o method_n i_o think_v myself_o oblige_v in_o duty_n to_o their_o majesty_n and_o for_o the_o preserve_v many_o gentleman_n and_o poor_a industrious_a trader_n and_o their_o family_n from_o ruin_n occasion_v by_o the_o scarcity_n of_o money_n and_o high_a interest_n to_o represent_v the_o many_o evil_n that_o will_v unavoidable_o ensue_v the_o great_a encouragement_n give_v such_o who_o advance_v money_n on_o the_o late_a fund_n and_o then_o humble_o to_o propose_v way_n by_o which_o the_o parliament_n if_o they_o shall_v think_v fit_a may_v not_o only_o plentiful_o supply_v their_o majesty_n with_o money_n but_o how_o they_o may_v enrich_v the_o subject_n by_o the_o very_a tax_n which_o shall_v be_v raise_v upon_o they_o but_o before_o i_o enter_v upon_o it_o it_o may_v not_o be_v improper_a to_o make_v some_o few_o remark_n upon_o the_o aforesaid_a acts._n the_o million-act_n settle_v a_o fund_z for_o ninety_o nine_o year_n to_o pay_v a_o hundred_o thousand_o pound_n per_fw-la annum_fw-la for_o the_o first_o seven_o year_n and_o seventy_o thousand_o pound_n per_fw-la annum_fw-la for_o the_o residue_n of_o the_o ninety_o nine_o year_n free_a of_o all_o tax_n to_o the_o contributor_n of_o a_o million_o of_o money_n or_o their_o nominees_n with_o benefit_n of_o survivorship_n until_o there_o shall_v be_v but_o seven_o nominees_n live_v after_o which_o there_o shall_v be_v no_o more_o benefit_n of_o survivorship_n but_o upon_o the_o death_n of_o any_o of_o the_o say_a nominees_n such_o nominees_n seven_o part_n shall_v revert_v to_o their_o majesty_n their_o heir_n or_o successor_n but_o in_o case_n the_o whole_a million_o of_o money_n be_v not_o advance_v before_o the_o first_o day_n of_o may_n 1693._o upon_o survivorship_n than_o any_o person_n after_o the_o say_v first_o day_n of_o may_n until_o the_o twenty_o nine_o day_n of_o september_n follow_v shall_v have_v fourteen_o pound_n per_fw-la cent._n per_fw-la annum_fw-la free_a of_o all_o tax_n for_o every_o hundred_o pound_v pay_v in_o by_o he_o or_o she_o during_o the_o life_n of_o such_o nominee_n the_o lottery-act_n settle_v a_o fund_z to_o pay_v a_o hundred_o and_o forty_o thousand_o pound_n per_fw-la annum_fw-la free_a of_o all_o tax_n to_o the_o contributor_n of_o one_o million_o of_o money_n for_o sixteen_o year_n to_o be_v divide_v among_o they_o according_a to_o their_o several_a lot_n or_o adventure_n the_o act_n for_o the_o bank_n of_o england_n settle_v a_o fund_z to_o pay_v a_o hundred_o thousand_o pound_n per_fw-la annum_fw-la for_o ever_o free_a of_o all_o tax_n to_o the_o subscriber_n of_o twelve_o hundred_o thousand_o pound_n with_o this_o reservation_n that_o if_o the_o twelve_o hundred_o thousand_o pound_n shall_v be_v repay_v they_o at_o any_o time_n after_o the_o first_o day_n of_o august_n anno_fw-la dom._n 1705._o the_o yearly_a payment_n of_o one_o hundred_o thousand_o pound_n per_fw-la annum_fw-la from_o thence_o forward_o shall_v cease_v and_o determine_v now_o that_o it_o may_v appear_v upon_o what_o disadvantage_n to_o the_o nation_n their_o majesty_n be_v supply_v with_o money_n on_o these_o fund_n i_o have_v hereunto_o subjoin_v exact_a table_n calculate_v for_o the_o more_o exactness_n to_o the_o 20_o the_o part_n of_o a_o farthing_n show_v in_o what_o term_n of_o year_n the_o several_a contributor_n or_o adventurer_n will_v be_v repay_v their_o whole_a principal_n and_o interest_n with_o interest_n upon_o interest_n after_o the_o rate_n