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reason_n great_a part_n world_n 4,106 5 4.3735 3 true
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A29534 An abstract of the Discourse on the late funds of the Million-act, Lottery-act, and Bank of England Together with proposals for the supplying their Majesties with money on easy terms, exempting the nobility and gentry, &c. from taxes, enlarging their yearly estates, and enriching all the subjects in the kingdom. Humbly offered and submitted to the consideration of the Lords spiritual and temporal, and Commons in Parliament assembled. By J. B.; Discourse on the late funds of the Million-act, Lottery-act, and Bank of England. Abridgments Briscoe, John, fl. 1695.; Briscoe, John, fl. 1695. Discourse on the late funds of the Million-act, Lottery-act, and Bank of England. 1694 (1694) Wing B4738; ESTC R212358 8,190 16

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destruction_n of_o young_a thrive_a timber_n i_o shall_v now_o brief_o answer_v a_o objection_n or_o two_o i_o have_v meet_v with_o since_o my_o writing_n the_o say_a treatise_n but_o first_o i_o shall_v add_v somewhat_o further_o by_o way_n of_o a_o answer_n to_o a_o objection_n which_o i_o have_v already_o answer_v viz._n object_n that_o we_o shall_v have_v too_o many_o of_o these_o bill_n of_o credit_n answ_n the_o parliament_n if_o they_o shall_v be_v please_v with_o the_o modus_fw-la of_o settle_v estate_n and_o issue_v out_o bill_n of_o credit_n upon_o they_o by_o these_o method_n may_v if_o they_o think_v fit_a limit_v the_o settlement_n though_o i_o confess_v i_o be_o not_o of_o opinion_n there_o will_v be_v any_o need_n for_o their_o so_o do_v for_o the_o money_n of_o this_o nation_n be_v compute_v to_o be_v about_o eight_o or_o at_o most_o ten_o million_o sterling_n and_o a_o small_a treatise_n late_o publish_v by_o some_o of_o the_o bank_n entitle_v some_o observation_n 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credit_n or_o upon_o payment_n of_o any_o of_o the_o follow_a annuity_n in_o lieu_n of_o principal_a and_o interest_n that_o be_v to_o say_v  _fw-fr  _fw-fr l._n s._n  _fw-fr for_o a_o annuity_n of_o 50_o year_n  _fw-fr 2_o 10_o per_fw-la cent._n per_fw-la an._n 40_o year_n  _fw-fr 3_o 00_o 33_o year_n 4_o mon._n 3_o 10_o 25_o year_n  _fw-fr 4_o 10_o 20_o year_n  _fw-fr 5_o 10_o 16_o year_n  _fw-fr 6_o 15_o 13_o year_n 4_o mon._n 8_o 00_o 10_o year_n  _fw-fr 10_o 10_o 10_o s._n per_fw-la cent._n per_fw-la an._n part_n of_o the_o say_a annuity_n to_o be_v pay_v to_o the_o commissioner_n etc._n etc._n for_o their_o charge_n and_o with_o the_o residue_n of_o the_o say_a annuity_n the_o commissioner_n be_v to_o pay_v off_o and_o cancel_v every_o year_n part_n of_o the_o bill_n of_o credit_n till_o all_o the_o bill_n of_o credit_n shall_v be_v pay_v and_o cancel_v that_o it_o shall_v be_v high-treason_n to_o counterfeit_v any_o of_o these_o bill_n or_o to_o offer_v they_o in_o payment_n 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five_o gentleman_n will_v have_v a_o opportunity_n of_o improve_n their_o estate_n by_o building_n plant_v drain_n or_o water_v their_o land_n who_o can_v now_o afford_v to_o do_v it_o by_o reason_n of_o high_a interest_n and_o scarcity_n of_o money_n it_o will_v clear_v gentleman_n estate_n from_o all_o encumbrance_n and_o will_v enable_v they_o to_o raise_v portion_n for_o their_o child_n and_o will_v raise_v the_o value_n of_o land_n to_o 40_o or_o 50_o year_n purchase_n a_o gentleman_n of_o a_o 100_o l._n per_fw-la annum_fw-la if_o he_o settle_v his_o estate_n may_v have_v 2000_o l._n bill_n of_o credit_n upon_o it_o which_o bill_n he_o may_v lend_v their_o majesty_n for_o 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la interest_n and_o be_v exempt_v from_o the_o tax_n of_o 4_o s._n in_o the_o pound_n and_o have_v a_o 160_o l._n per_fw-la annum_fw-la who_o have_v now_o but_o 80_o l._n per_fw-la annum_fw-la come_v in_o or_o if_o he_o lend_v their_o majesty_n the_o say_v 2000_o l._n bill_n of_o credit_n upon_o the_o payment_n of_o a_o annuity_n for_o 20_o year_n he_o will_v have_v 150_o l._n per_fw-la annum_fw-la come_v in_o for_o every_o 80_o l._n per_fw-la annum_fw-la he_o now_o have_v and_o one_o twenty_o part_n of_o the_o say_v 2000_o bill_n of_o credit_n be_v pay_v off_o every_o year_n his_o estate_n will_v be_v clear_a in_o 20_o year_n or_o suppose_v the_o say_a gentleman_n have_v four_o child_n and_o have_v now_o nothing_o to_o give_v they_o he_o may_v give_v his_o child_n the_o 2000_o l._n bill_n of_o credit_n among_o they_o which_o be_v 500_o l._n apiece_o for_o which_o he_o must_v give_v to_o the_o commissioner_n etc._n etc._n but_o 10_o l._n per_fw-la annum_fw-la so_o that_o his_o child_n will_v have_v the_o present_a value_n of_o his_o estate_n divide_v among_o they_o and_o he_o will_v have_v 90_o l._n per_fw-la annum_fw-la leave_v for_o himself_o to_o live_v on_o or_o have_v a_o gentleman_n a_o estate_n of_o 1000_o l._n per_fw-la annum_fw-la upon_o which_o he_o owe_v 10000_o l._n he_o now_o pay_v at_o 6_o l._n per_fw-la cent_n per_fw-la annum_fw-la 600_o l._n per_fw-la annum_fw-la interest-money_n he_o pay_v for_o tax_n of_o 4_o s._n in_o the_o pound_n 200_o l._n per_fw-la annum_fw-la in_o all_o 800_o l._n per_fw-la annum_fw-la so_o that_o reckon_v nothing_o for_o repair_v militia-rate_a trophy-money_n etc._n etc._n he_o have_v but_o 200_o l._n per_fw-la annum_fw-la come_v in_o if_o this_o gentleman_n settle_v his_o estate_n he_o may_v have_v 20000_o l._n value_n in_o bill_n of_o credit_n thereupon_o be_v twenty_o year_n purchase_v of_o his_o estate_n with_o this_o he_o may_v pay_v off_o his_o 10000_o l._n mortgage_n the_o other_o 10000_o l._n he_o may_v lend_v their_o majesty_n at_o 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la and_o he_o will_v have_v 1150_o l._n per_fw-la annum_fw-la come_v in_o as_o appear_v by_o the_o follow_a parallel_n the_o gentleman_n be_v present_a circumstance_n interest_n of_o 10000_o l._n 600_o per_fw-la annum_fw-la tax_n of_o 4_o s._n in_o the_o pound_n 200_o leave_v for_o himself_o 200_o  _fw-fr 1000_o his_o circumstance_n by_o my_o propose_a method_n his_o estate_n bring_v he_o in_o 1000_o l._n he_o will_v receive_v for_o 1000_n lend_v their_o majesty_n 300_o  _fw-fr 1300_o per_fw-la annum_fw-la he_o must_v pay_v the_o commissioner_n etc._n etc._n for_o 10000_o l._n bill_n of_o credit_n be_v what_o he_o make_v use_v of_o for_o himself_o 50_o l._n pay_v tax_n for_o ½_o of_o his_o estate_n 100_o l._n 150_o remain_v clear_a to_o the_o gentleman_n 1150_o l._n per_fw-la annum_fw-la and_o his_o 10000_o l._n mortgage_n pay_v off_o or_o have_v the_o gentleman_n a_o mind_n to_o clear_v his_o estate_n upon_o the_o payment_n of_o a_o small_a annuity_n he_o may_v have_v 10000_o l._n for_o 4_o l._n 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la for_o 25_o year_n or_o for_o 5_o l._n 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la for_o 20_o year_n and_o never_o pay_v the_o principal_a who_o must_v now_o pay_v 6_o l._n per_fw-la cent_n per_fw-la annum_fw-la for_o the_o bare_a interest_n only_o and_o as_o to_o their_o majesty_n they_o may_v be_v supply_v with_o 1200000_o l._n for_o 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la which_o be_v 36000_o l._n per_fw-la annum_fw-la for_o which_o they_o now_o pay_v 100000_o l._n per_fw-la annum_fw-la which_o will_v be_v 64000_o l._n per_fw-la annum_fw-la save_v of_o what_o their_o majesty_n now_o pay_v for_o 1200000_o l._n only_o or_o their_o majesty_n may_v have_v have_v 1600000_o l._n upon_o the_o payment_n of_o 140000_o l._n per_fw-la annum_fw-la for_o sixteen_o year_n which_o be_v 600000_o l._n more_o than_o be_v raise_v on_o the_o lottery-act_n in_o fine_a their_o majesty_n may_v have_v money_n for_o pay_v 6_o l._n 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la for_o twenty_o five_o year_n who_o now_o pay_v above_o 8_o l._n per_fw-la cent_n per_fw-la annum_fw-la perpetual_a interest_n so_o that_o by_o this_o mean_v the_o nation_n be_v not_o only_o serve_v on_o much_o easy_a term_n but_o gentleman_n will_v be_v ease_v from_o tax_n will_v have_v their_o yearly_a estate_n augment_v may_v clear_v their_o estate_n from_o all_o encumbrance_n and_o may_v with_o eafe_n raise_v portion_n for_o their_o child_n and_o may_v very_o much_o improve_v their_o estate_n and_o i_o may_v add_v that_o those_o who_o be_v now_o force_v for_o the_o raise_n money_n to_o cut_v down_o their_o timber_n long_o before_o it_o be_v come_v to_o its_o full_a growth_n be_v enable_v to_o supply_v themselves_o with_o money_n on_o such_o easy_a term_n will_v not_o be_v under_o those_o pinch_a necessity_n to_o do_v that_o which_o be_v so_o very_o detrimental_a not_o only_o to_o their_o own_o estate_n but_o to_o the_o kingdom_n by_o the_o