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city_n great_a time_n year_n 9,128 5 4.5915 3 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A56012 A proposal for a yearly increase of wealth, by subscriptions to advance money upon lives examined and approved by the city. Which will produce great advantage by survivorship, to such as please to subscribe for one, or more lives of the ages of any, or of all the ten ranks, and for any of the summs of money of each rank, as hereby is exprest. 1682 (1682) Wing P3690; ESTC R219007 1,055 4

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A Proposal for a Yearly Increase of Wealth by Subscriptions to Advance Money upon Lives Examined and approved by the City Which will produce great Advantage by Survivorship to such as please to Subscribe for one or more Lives of the Ages of any or of all the Ten Ranks and for any of the Summs of Money of each Rank as hereby is Exprest Subscriptions Number of Persons in each Rank Summ Total Interest per Annum l. l. l. 5 2000 10000 600 10 1000 10000 600 20 500 10000 600 25 400 10000 600 50 200 10000 600 100 100 10000 600 200 50 10000 600 400 25 10000 600 500 20 10000 600 1000 10 10000 600 EVery Person from the time of Payment of the Money he Subscribes shall receive the full Interest thereof at 6 l. per Cent. per Annum and as any of those that are in the same Rank dye his Income increases the Survivours of that Rank being to have the whole 600 l. per Annum which is the Interest of all the Money Advanced by that Rank they are in divided among them and so in time the Survivours of that Rank happening to be but three or four will have the whole 600 l. per Annum during their Lives among them and at last he that shall continue the longest Liver of the Rank shall have the 600 l. per Annum wholly to himself so long as he lives By this meanes he that will make several Subscriptions of the five first or smaller Summs which all amount to but 110 l. and Rank himself accordingly in each of those Classes of his Age which belong to those Summs hath a Prospect or Possibility to have for his 110 l. five times 600 l. in all 3000 l. per Annum during his Life as is Evident by the said Scheme or Table If he will make several Subscriptions of all the ten Sums which amount to 2310 l. he hath the like Prospect or Possibility to have ten times 600. l. in all 6000 l. per Annum during his Life and although in this Case more Money is advanced yet there are fewer Competitors in the same Rank for the great Summs and so more probability of Surviving If the Person Subscribing be at any time during his Life minded to transfer or sell his Interest it will every Year sell for more money than it would the Year before for the more dye the greater is the Income to the Survivours And as often as any shall desire to exchange a Life having first made an Agreement with the Chamberlain of the City for the time being and the Managers of the Rank he may have liberty so to do the Fine for such Exchange not exceeding the Income of the year last past one half to the City and the other half to the Subscriber of the Rank The Fund for Security of these Payments shall be settled on Trustees to be nominated by and chosen out of the Subscribers in each Rank or Class before their Payment of any Money At Mr. Hill's Stationer in Exchange-Alley Cornhill Subscriptions will be 〈◊〉 for this and the City Bank of Credit