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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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succeed in his place And all the Directors of each Rank shall preside yearly by Turns and meet once in every Month at the least or oftner if need require and that at every Meeting five of the Directors shall be a sufficient Number to Act to all intents and purposes as if they were all met together Mr. Philip de Cardonnel Overseer or his Deputy or Deputies to be assisting at all Meetings for Registring and Signing all Matters agreed upon without which the same shall be null and void 9. At the time of the payment of the Money subscribed the Names of all and every the Persons for whose Life or Lives the Moneys are advanced shall be entred in Registers to be kept for that purpose of all the several Ranks And Certificates are likwise to be produced of the Age of the respective Parties either from the Parish-Church-Register where the said Parties were baptized and in default thereof by such authentick Certificates as shall be satisfactory to the chief Directors of the Truth thereof with the Names of their Parents and their Additions Trades and Callings and Places of Residency and in case of Removal notice to be given to the chief Directors or Overseeer that the same be Registred 10. Such further Directions as are necessary for disposing the Money to be paid in and also for the chief Directors of each Rank for the well-managing and ordering the publick Advantage thereof are prepared by the Author hereof to be communicated to the Directors so soon as they shall be elected by the Subscribers 11. The Time appointed for the Subscriptions is to commence from the 24. of this instant June and so to conclude upon the 25. of March following To which purpose attendance to be given every day in the week Sunday excepted both Forenoon from Nine of the Clock until Twelve and in the Afternoon from Three of the Clock until Six of the Clock at the old Treasury-chamber right over against the Chamberlains Office in the Guild-hall London where the Office is to be kept in which Place Books for all the several Ranks aforementioned will be kept ready to enter the Subscriptions of all such Persons as shall please to send or repair to the place aforesaid where these printed Books are to be had at three pence a piece or at the Angel in Cornhill near the Royal Exchange 12. Parents will hereby have opportunity with so small a Sum as Twenty pounds to raise considerable Portions for their Sons and Daughters and the longer the Children live the less chargeable will they be to their Parents by reason of the Encrease of the Annuity to be paid them during their Natural Life so that considering a constant and growing Annuity yearly to be paid during Life What is the hazard of losing Twenty pounds in comparison to the great advantage that may be obtained by Survivourship considering also that before a Child may attain to the Age of twenty one years he or she may come to reap the Benefit of twenty pounds per Annum for twenty pounds only advanced in his Name Yea the benefit of Survivourship may be so successful that the annuity of the whole Rank may fall to his or her share in so much that advancing for two or three Lives for any Child either Son or Daughter the Annuity may arise to a plentiful Maintenance for any such Child or Children so long as they live or be a good Preferment for a Son or Daughter at the time of his or her Marriage And as the Increase of their Annuity depends upon their Lives Parents will not therefore be wanting to cherish their Children the more and so reciprocally every Relation interessed in any of the Ranks will cherish one another in taking the greater care of preserving their mutual healths and by this way and means there will be a yearly increase of Annuity without Care Danger or Usury 13. All persons who are in Expectance of any Estate in Reversion after one two or three Lives as Gentlemen who are younger Brothers Lords of Copy-hold-mannours or other Persons who have contracted to pay Annuities for Life or Lives or such like may hereby have opportunity to make themselves gainers by advancing Twenty pounds or more in the Name of such Life or Lives as they are in expectations to have any benefit of by survivourship whether the parties live or die who have the Estate in possession for the parties advancing so small a Sum as Twenty pounds for a Life from whom may be expected one hundred pounds per Annum more or less If the Party live long the Annuity of the Twenty pounds advanced may improve by Survivourship to a greater Annuity than the Reversional Estate may amount unto or if the Estate in Reversion by the death of the Party come to the hands of the Person advancing Money then the loss of twenty pounds only will be sufficiently recompensed 14. For Example thus C. D. younger Brother of A. B. who hath one hundred pounds per annum which will descend to C. D. at the death of A. B. Now C. D. advancing twenty pounds in the Name of A. B. shall receive the Annuity of the same annually during the Natural Life of A. B. and the increase of Annuity which may arise by his Survivourship so that if A. B. prove a longer Liver although C. D. by that means may reap no benefit of the Reversional Estate of A. B. yet he shall thereby have the Benefit of the improvement of the Increase of Annuity which by casualty may more and more increase by how much the longer A. B. continues alive so that A. B. living or dying C. D. his Executors Administrators or Assigns will be gainers 15 Also by way of Example A Lord of a Mannor hath a Life remaining upon an Estate of an hundred pounds per annum for which he hath received one thousand four hundred pounds for three Lives now if the Lord of the Mannor advance Twenty pounds in the Name of the Tenant that hath the remaining Life upon his Estate the Lord may be a gainer whether his Tenant live or die for if the Tenant live long the Annuity may soon arise to one hundred pounds per annum or more or if the Tenant die the Lord of the Mannour will not have any cause to repine at the loss of Twenty pounds when by that means his Estate of one hundred pounds per annum will return again into his possession and so he may grant a new Estate for three Lives and receive a Fine for the same and may again advance Twenty pounds for each Life and thereby become a gainer all the while the Tenant lives without any great Stock which otherwise than by such means as are here proposed cannot be effected to so great advantage 16. Also for Example E. F. for five hundred pounds settleth an Annuity of fifty pounds per annum upon G. H. during life now if E. F. advance Twenty pounds in the Name
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