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A34866 An expedient for taking away all impositions, and for raising a revenue without taxes humbly presented his most Excellent Majesty King Charles the II / by Francis Cradocke ... Cradocke, Francis, d. 1670? 1660 (1660) Wing C6742; ESTC R8045 9,605 18

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especially on Goods Exported and Manufactured here in England and so regulating the Book of Rates made for payment thereof that in few or no particulars the Rates exceed what is paid for the like Commodities in Holland 10. By granting a free Transportation of forraign Commodities with little or no customs detained for the same whereby Goods here Imported may go out without being loaded with impositions and find a market in forraign parts to the same advantage which will make England the Magazen or store-house of Europe Each of these ten particulars deserves to be more amply set forth but I have been short in this as in the former submititing it also to the ingenious Reader to Paraphrase thereon taking only to set forth how much the putting them in use will decrease the Revenue There being nothing in this whole discourse that reflects on the Revenue but the taking away Excise from forraign Goods usually amounting to 175000l per annum and the granting a free Transportation thereof 19000l per annum which is in all 194000l per annum which doth cost in managing 35000l per annum so the real decrease is but 159000l yearly which I am bold to affirm puts the whole Nation to as much Charge by the trouble and other inconveniences of keeping a greater number of servants to attend the several Offices the fetching of Tickets and the interruption of the too many Excise Officers in the improper manner it s now collected which summe so expended would be otherwise imployed in Trade and His Majesty I presume might have as much advantage by a reasonable Custom out of the returns made thereof which would be then really paid for that none will hazard their Goods but all make due entries so that the continuing those Duties fills the Chests in the Exchequer as water doth a vessel being poured in at the Specket whilst it runs out at the Bung. POSTSCRIPT I Have late published some few lines touching regulating the Custom and Excise wherein I did set forth that two hundred thousand pounds per annum hath for many yeares been visibly lost for want of a better method in the collecting thereof I presume to say I can give a plain demonstration wherein it s lost and how it may be remedied It is also proper for the consideration of His Majesties most Honourable Privy Counsel unto whom I most humbly submit c. FINIS This may be done so as all fraudulent Conveyances may be pretended and yet no mans Estate be discovered more than at present For if the propriety be found to be in A by the Register it s no matter though B be the true proprietor for then A can wrong none but B who hath intrusted him or if B be doubtful to trust A and yet desire to conceal his Estate which he cannot well do without him B himself may own the Estate and allow A to enter a Morgage to or near the value and take his defeizance for the same so that in this case A cannot cheat B if he would nor either of them any other though both should combine therein This Survey may be taken by a Jury in every Parish and delivered to the Sheriff of the County or at the Banke upon Oath and will be done with a small charge to His Majesty and in little time At first erecting Bankes in Holland all local payments were enjoyned to be made in this manner but the ease and accommodation being found thereby it became a most voluntary act as it doth at this day continue to the great enriching that Countrey The two Millions herein mentioned is intended for the payment of all such as desire their money out of Banke for it s presum'd such there will be and such a Banke as this must have money alwayes ready for the being punctual in payment will so creditifie Banke that most will keep their Cash therein for their own advantage In this way the Banke will not be prejudiced for want of money but be supplied with Bills which may be a Sovereign stamp be allowed to pass in a City or County instead of money and be returned within a year so that by setting a lower Interest thereon will cause it to be equal in esteem with real money The foundatiof these Banks being Land will be esteemed as in truth they are the most secure in Europe for that every Creditor will be sure of land in case the Bank should fail of money and neither His Majesty nor Officer will be Intrusted but the Estate of one man Debtor to another
profit of these Bankes doth amount unto but the one sixt part of the summe e●imated so that England will flourish under a free Trade ●to he encouragement of Merchandizing the building of Shipping and support of Navigation By the benefits of Bankes most ingenious men will be furnished with stock to trade at small Interest and honest and able men be supported in their credits It will make English Merchants capable to engross the commodities of another Countrey and withhold it from others as the Dutch do at present from us by the help of their Bankes It will procure English Merchants credit in forreign parts or in forreign Bankes to buy any commodity there without money as well or better than with money and upon as good terms at the Hollander or any others By taking away the duties from forreign Goods brought into England we may by a prudent management get the Duties taken off from English Manufactures in forreign parts and by that means under-sell all others which the Hollander will not be able to prevent nor obtain themselves It will in fine increase Trade Trade will increase wealth wealth and Trade will encourage our native manufacture and all will imploy the poor and I doubt not but in few years it will make England the Staple of Commerce as Holland is at present I have not given so plain a demonstration nor reasons on the particulars of either of these Banks as the subject indeed more proper for debate and sufficient for a large Volume requires neither have I spoken any thing in defence of the many Objections which may seem to arise and Eclipse the utility thereof presuming that no rational person will prejudge therein till I have had command to answer his Objections which I doubt not but to be satisfactory in humbly conceiving that what I have in short hinted at will be understood and amplified by the more ingenuous I shall therefore conclude it with saying that were this manner of Banking practicable in Holland or that if the Hollander were possessed of England they would by this means soon become Masters of all the Trade in the World Other necessary heads to be considered for the encrease of Trade and encouragement of Navigation I presume none will deny but that Trade ought to be considered as well with respect had to publick as private interest and therefore I hope I shall be held excused for my Opinion in holding that Forraigners ought to have the like priviledges with Natives both Trading in English shipping which I conceive to be the best Expedient to make Exports of England exceed the Imports without which this Kingdom cannot be richer then it is and since every particular will in some measure be concerned within the general good of Trade I shall presume to hint how far and with what restraint it ought to be encouraged First for Exportation of our native Commodities such as Lead Tin Wax c. of little or no workmanship England cannot be too liberal in nor grant too many immunities and priviledges though to her very Enemies that may encourage the sending out of all Manufactures perfectly wrought up and Fabricated regard being had to Wools Timber and Leather which in no respects ought to be Exported Secondly for Importing of forraign Goods such as Linnen Sugars Raw-silk c. which we stand in need of It ought not neither to be discouraged by Impositions though otherwise it be proper to lay convenient duties on such Commodities Imported as obstruct the sale of our own Manufactures whereby to hold a Ballance in Trade without prohibiting forraign Goods which if we once do other Nations will do the like by us and so obstruct our Trade in General Thirdly for Transportation of such forraign Commodities as are first Imported if done in English shipping it will prove a great help to the over-Ballance of Trade and therefore ought to have the like due encouragement with a reasonable respect shewn to forraign Vessels though not equal to our own In all which three respects England might have advantage of all the World and by industry under good Lawes soon become the Mart of Europe by reason of its scituation surrounded by the Sea the safeness of her harbours and superfluities of sundry Commodities which other Nations stand in need of which would be the sooner effected were these ten particulars observed there being many others also worthy which I omit at present 1. By Imposing all duties to be paid alike upon all Goods by all persons the difference to be only upon Commodities Imported or Exported in forraign Bottoms viz. ships not built in England and failed by English Marriners 2. By permitting all people of forraign Nations to Live Purchase and Trade freely amongst us whereby most of them will soon become profitable Natives and bestow their wealth brought hither or here gotten in Lands for their posterity which the present Lawes of England compels them to Export to the great inriching of forraign parts and impoverishing of this Nation 3. By using all waies of encouragement to advance the Fishing imployment and His Majesties assuming His Prerogative of being Lord of the Brittish Ocean which by the most ancient prescription ever belonged as Rightly due to the Kings of England so that by prohibiting others to Fish on our Coast and improving the same to this Nation it will soon become of more worth to England then the West Indies are to the Kingdom of Spain 4. By encouraging new Manufactures and profitable inventions with due rewards and priviledges which will bring artificers from forraign parts and in time by industry make all Arts common amongst us wherein we come much short of other Countries to the disadvantage of our own 5. By erecting a standing Committee of Trade whose correspondencie should reach over all Trading parts of the World the effect whereof will not only inable them the better to contain the improvement of Trade here but also to prevent many inconveniences that have late fallen on England by the undermining actings of forraign Nations who have robbed us both of our Money and Trade for want of a timely remedy 6. By Con●●ituting a Court of Merchants where all Merchants and Merchant-like causes and differences may be Summarily decided 7. By using meanes to encrease the general stock of England either in raising the value of money for incouraging it to be Imported which I will not much commend but rather do incourage the supplying it imaginary upon the Credit of Lands to passe in payment by assignment in Bank as aforesaid one of which is absolutely necessary in order to the increase of Trade in this Kingdom 8. By taking way Excise from all Imported Goods or at least forthwith to produce the same under the management of the customs whereby to take off the superfluous number of offences it being but a small advance to the revenue and an intollerable bur●hen on Trade in the way it s now managed 9. By lightning the duty of customs