Selected quad for the lemma: england_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
england_n	london_n	parliament_n	print_v	3,116	5	9.0916	4	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
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

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. London Printed in the Year MDCXCIV I Have in a larger Treatise shewed that no Place is better situated for Trade than England but that the great Encouragements given to such who advanced Money on the Funds of the Million-Act Lottery-Act and Bank of England were very prejudicial in that they increased the Interest of Money which I demonstrated to be very destructive to the Trade of the Kingdom I proved that for the Million raised in 1692 had the whole been paid in upon Annuities with Survivorship the Nation would have paid 9314216 l. 13 s. 9 d. more than the Principal and Interest and Interest upon Interest at 5 l. per Cent. per Annum and that for advancing a Million of Money on the Lottery-Act the Nation will pay 1129174 l. 5 s. 2 d. in sixteen Years time more than their Principal and Interest and Interest upon Interest and that the Bank of England if they shall be continued for sixty Years will be paid for the 1200000 l. advanced by the Contributors to their Majesties above 14 Millions more than their Principal and Interest and Interest upon Interest I have shewed that these great Encouragements to advance Money on the late Funds will ruin the Trade of the Kingdom that Tradesmen who trade with their own Stocks draw their Money out of Trade to advance on these Funds and those who lend Money to Tradesmen wherewith to drive their Trades call it out of their Hands or force them if they continue it with them to give a higher Interest to their undoing by reason they can make a greater advantage by advancing their Money to the Government that this high Interest will fling the Trade of the Nation into the Hands of Foreigners who pay less Interest and who can therefore under-sell us at Foreign Markets and that these Funds divert the Genius of the Subjects from their Business while our Neighbours keep close to their Trade and take that inestimable Jewel out of our Hands I also proved that it is no less destructive to the Nobility and Gentry c. of the Kingdom in that it would bring Land to 12 or 14 Years Purchase that a Person who hath 50 l. per Annum in Land if he sell it for 600 l. being 12 Years Purchase he may purchase 50 l. per Annum in the Bank free from Taxes whereas he must pay for the Tax of 4 s. in the Pound laid on his Land and Charge of the Militia c. at least 12 l. per An. And that he may have 500 l. at an hour's warning of the Bank upon the Security of his 600 l. whereas he cannot without great Difficulty loss of Time and Expence in examining Titles Procuration Continuation c. raise so much upon the Credit of his Estate and that the very Bank-Bills will be preferr'd before Land because a Man may have 60 l. 16 s. 8 d. per Annum Interest for 2000 l. Bank-Bills and have 2000 l. always lying by him whereas 2000 l. laid out in Land will not bring him in more Profit upon which he can hardly raise 1000 l. without great Trouble Charge and loss of Time These Considerations put me upon considering of other Methods for the Supply of their Majesties and for the Ease of the Subject which I laid down in several Proposals in substance as follows viz. PROPOSALS THat it be enacted That any Person who hath an Estate in Fee may have leave to settle his Estate upon twenty Commissioners four to be appointed by their Majesties six by the House of Lords and ten by the House of Commons in Trust for a Security to make good all Bills which shall be issued out upon the Credit of such Estate That the Commissioners shall appoint twenty Counsel to examine the Titles of all the Estates proposed to be settled and that no Estate shall be settled but it shall be first entred in the particular Register to be kept in the chief Town of the County where such Estate lies and in the general Register to be kept in the City of London for the space of six Months in which time if no Caveat shall be entred against the Settlement of such Estate and that three of the Counsel shall signify it under their Hands that it is a good Title such Estate shall be settled and Bills of Credit to the value of 20 Years Purchase of such Estate shall be issued out by the Commissioners upon the Security of the said Estate That the said Bills of Credit shall be made from 5 l. to 100 l. value each and shall be current in Paiment by Endorsement toties quoties and any Person who shall take any of the said Bills may renew them once every Month if they please without Fee or Reward That these Bills of Credit may be advanced to their Majesties by Authority of Parliament and not otherwise their Majesties paying to those upon the Security of whose Estates the said Bills are issued out 3 l. per Cent. per Annum Interest for the same out of any Parliamentary Fund settled or to be settled for those Purposes or upon the Paiment of any of the following Annuities out of some Parliamentary Fund in lieu of Principal and Interest viz.       l. s.   For an Annuity of 100 Years   3 10 per Cent. per An. 66 Years 8 Mon. 4 00 50 Years   4 10 40 Years   5 00 33 Years 4 Mon. 5 10 25 Years   6 10 20 Years   7 10 16 Years   8 15 13 Years 4 Mon. 10 00 10 Years   12 10 For each hundred Pounds value in Bills of Credit so advanced to their Majesties 2 l. 10 s. per Cent. per Annum part of the said Annuities to be paid by the Commissioners to the Persons who shall settle their Estates and all the Residue of the said Annuities to pay off and cancel every Year part of the Bills of Credit by which means all the Bills of Credit will be paid and cancell'd in the determined Number of Years for which the Paiment of such Annuity was settled That those who advance the said Bills of Credit to their Majesties upon any Parliamentary Fund shall be exempted from all Land-Taxes for so much of their yearly Estates in proportion to the Bills of Credit advanced by them to their Majesties That any Person may have Bills of Credit for his own use upon the Security of his Estate paying the Commissioners c. 10 s. per Cent. per Annum for the Charges in issuing out and renewing the said Bills of