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,

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,

Table of contents

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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, 'twill then, and not ſooner be done.

Information about this book

Title statement

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,

Edition statement

1695

Publication

Publisher

Text Creation Partnership,

Place of publication

Ann Arbor, MI ; Oxford (UK) :

Date

2009-03 (EEBO-TCP Phase 1).

ID [DLPS]

A53379

ID [STC]

Wing O349A

ID [STC]

ESTC R223776

ID [EEBO-CITATION]

99834055

ID [PROQUEST]

99834055

ID [VID]

38534

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This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal. The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission.

Series

Early English books online.

Notes

(EEBO-TCP ; phase 1, no. A53379)

Transcribed from: (Early English Books Online ; image set 38534)

Images scanned from microfilm: (Early English books, 1641-1700 ; 1838:12)

Source

— 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,,

Extent

1 sheet ([1] p.)

s.n.,. [London?:: 1695]. (Imprint from Wing.) (Reproduction of the original at the Guildhall Library, London.)

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