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A65882 Proposals for subscriptions of money, &c. the ensuing proposals having the 19th of May last been reported to the Right Honorable Sir William Hooker, Lord Major ... of London, the aldermen and commons of the same city in Common Council assembled ... they have thought fit to order the same to be printed and published in their names ... City of London (England). Court of Common Council.; Wagstaffe, Thomas, 1645-1712. 1674 (1674) Wing W195; ESTC R16339 6,424 12

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PROPOSALS FOR Subscriptions OF MONEY c. The Ensuing Proposals having the 19th of May last been Reported to the Right Honorable Sir William Hooker Lord Major of this Honourable City of London the Aldermen and Commons of the same City in Common Council assembled and by them duly considered of and well approved they have thought fit to order the same to be Printed and published in their names and have appointed a Select Committee to manage the same on the Cities behalf LONDON Printed for Nath. Brooke at the Angel in Corn-hill 1674. An Advertisement and Demonstration concerning the Improvement of Moneys to the great Benefit and Advantage of all Persons of what Nation Sex Age Degree or Quality soever willing to advance any Sum or Sums according to the Method herein after-mentioned propounded to the Right Honourable the Lord Major Aldermen and Commons in Common Council assembled 1. THE Sum to be advanced by any Person is not to be less than Twenty Pounds for one Life but any Person or Persons may advance as many several Twenty Pounds as he or she or they please upon any one Life or upon so many several Lives as they shall name whether their own or others The Profit and Annuity of the Moneys to be at the disposal of such Person or Persons his or their Heirs Executors or Assigns who advanceth the same although in the Names of other Persons during the Natural Lives of such Persons as are by them named 2. When any Person or Persons of the respective Rank wherein he she or they is or are named or registred shall happen to die then the Profit and Annuity formerly claimed in the name and names of the party or parties deceased shall afterwards by right of Survivourship belong to the rest of those that have advanced Money in the same Rank in proportion to their Sum advanced and so successively as any Person or Persons named or registred shall happen to die the whole Profit and Annuity accruing to be still divided amongst the Survivours and so until the last surviving Person named or registred in the Rank the whole Profit and Annuity to be enjoyed or disposed of by such Person or Persons advancing the Money during the Natural Life of the party named or registred and after his or her decease so named or registred then the payment of the whole Annuity of or in that Rank as also of or in all the other Ranks in like manner to cease and determine 3. The Annuity to be paid to the Advancers of Money is to begin after the Rate of six per Cent. and so to be yearly paid to each advancer of Money during the Natural Lives of the Persons named or registred together with the increase of the Annuity which by casualty of Death from time to time will happen to the surviving Advancers so that the Longest Livers will have a yearly Augmentation of Annuity and some of the last Livers will infallibly receive a most considerable Revenue so long as they live for so small a Sum as Twenty pounds to be advanced 4. All Persons inhabiting within any of his Majesties Dominions or in any of the Parts beyond the Seas who shall desire to advance Moneys in all or any of the Ranks as is herein after-mentioned may authorize any Person or Persons or his or their Correspondents in London to advance such Sum or Sums of Moneys in such Names as they shall think fit and in so doing may have and enjoy the same benefit as those that dwell in London 5. This extraordinary Gain being not only Lawful but very Advantageous there can be no other way proposed whereby in laying out so small a Sum as Twenty pounds there can be produced so great an Encrease as by Survivourship will most certainly accrue to many Persons and especially to the Longest Liver of this Rank 6 Such as will advance several Sums of Twenty pounds in all or in any of the several Ranks in the Names of such persons as are of the Age agreeable to each Rank the party advancing the Money may receive the Profit and Annuity arising thereby to themselves during Life and their Executors Administrators or Assigns during the Natural Lives of those in whose Names the said Sum or Sums of Money is or are advanced so that such as will spare Money to Advance for five eight or ten Lives more or less in each Rank some one of these Lives in all probability may happen to be the Longest Liver of the Rank wherein they are interessed whereby a most considerable Revenue may be obtained even beyond what can be expected without any trouble or pains from any other Adventure whatsoever 7. All Persons who shall be willing to subscribe to advance Twenty pounds or more upon the advantageous Conditions aforesaid shall have Security to their own contentment and satisfaction at the time of paying in their Moneys The Parties subscribing may take their Election which of the Ranks herein after-mentioned they will be interessed in whether in all or so many of them as they please and may nominate any Persons of the Age agreeable to such Rank or Banks as they shall judge most expedient for their own advantage The first Rank or Classis is to consist of Children from one Moneth old to seven years old The Second for such as are from seven years to fourteen years old The Third for such as are from fourteen years to twenty one years old The Fourth for such as are from twenty one years to twenty eight years The Fifth for such as are from twenty eight years to thirty five The Sixth for such as are from thirty five to forty two The Seaventh for such as are from forty two to forty nine The Eighth for such as are from forty nine to fifty six The Ninth for such as are from fifty six to sixty three The Tenth for such as are from sixty three to seventy years old and upward 8. The time for Subscriptions being determined before payment of any money the Subscribers in every Rank or so many as shall please after notice given shall meet and Elect by Scrutiny or Lots Ten persons out of each of the seven eldest Ranks to be Trustees and chief Directors for the managing and ordering of such matters and things as from time to time shall be found most conducible to the the benefit of each Rank as to the Profit and Annuity thereunto respectively belonging and that every every one concerned may have his just due And until there shall be persons found of twenty five years of Age in the three first Ranks out of the Seventy which shall be chosen to govern the Seven other Ranks there shall be Twenty one chosen to be chief Directors for the three first Ranks Seven in each Rank for managing and ordering the Affairs of the said Ranks and when any of the Directors happen to die another shall be elected as above by Scrutiny or Lots out of the same Rank to