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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
land_n rent_n value_n yearly_a 1,574 5 10.4477 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A53379 The only way of subscribing land so as to make it really useful, as well as for the supply of money to be now raised for the publick, as for the advantange of the subscribers of it, is to let it be enacted, 1695 (1695) Wing O349A; ESTC R223776 768 1

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The only way of Subscribing Land so as to make it really useful as well for the Supply of the Money to be now Raised for the Publick as for the Advantage of the Subscribers of it is to let it be Enacted THat the Land to be Subscribed suppose 200000 l. yearly by the present possessor of it shall from the time of Subscribing be charged with the Annual payment of one fifth of its yearly Value for Example 100 yearly Subscribed with 20 l. yearly Rent payable to the Bank in Recompence whereof the Subscriber for every Hundred Pounds yearly so Subscribed and so charged with 20 l. yearly to have the same Benefit as if he had Advanced and Paid in 500 l. in Money to the Bank to attend the Inheritance and to always belong to whoever shall be possest of the same and then the present state of the Case will be Thus for Example Suppose to be raised for the Publick two Millions and that there be for it given by Parliament a Fund of yearly 140000 l. And suppose subscribed of Land yearly 200000 l. and out of that as aforesaid to be paid to the Bank more yearly 40000 l. This will make the Fund to raise Money on 180000 l. yearly upon which suppose two Millions in Money subscribed the Publick may so be supplied with that Money and the 180000 l. will at 6 per Cent. pay the Interest of three Millions whereof the Money-Subscribers will have 120000 l. yearly which is 6 per Cent. for their Money and the Land-Subscribers the other 60000 l. yearly instead of the 40000 l. yearly by them paid besides their share of all other accidental Advantages that do attend all Banks if not cramp'd with Proviso's and if the Bank to be setled may not be left as free in all Points as the Bank of England is it cannot do what is desired Note If more than 200000 l. is required by the Publick the Fund must be greater and a greater proportion of Land may be Subscribed to it as for Lending of Money on Land Note When the Bank has Money enough to that way employ it and finds it its Interest on Land 't will then and not sooner be done