't
is
a
Great
Sum
that
His
Majesty's
present
Necessities
do
now
call
aloud
for
:
The
nearest
Estimate
I
can
make
,
is
not
less
than
Twelve
Millions
.
And
if
he
pays
off
the
Royal
Bank
,
and
will
Redeem
the
Kingdoms
Credit
and
theirs
,
the
same
will
require
very
little
(
if
any
)
less
than
Fourteen
Millions
;
which
is
lookt
upon
to
●e
almost
(
if
not
altogether
)
twice
as
much
Money
as
is
in
the
whole
Kingdom
.
And
if
the
King
be
not
supplied
,
we
are
sure
to
be
Vassals
to
France
;
or
if
he
have
so
much
,
as
that
little
or
none
be
left
for
the
People
,
the
Kingdom
must
sink
and
perish
.
This
looks
like
an
Extraordinary
Extremity
,
but
,
in
the
Bottom
,
is
no
farther
so
,
than
as
our selves
will
make
it
,
because
we
have
enough
of
Moneys
Worth
;
and
the
Old
Maxim
says
,
That
no
man
is
bare
,
who
has
Lands
,
Money
,
or
the
worth
of
it
,
because
all
is
Convertible
into
Money
;
And
therefore
whilst
we
have
any
thing
,
we
ought
to
defend
it
as
we
can
best
,
which
is
,
by
giving
part
of
such
as
we
have
,
or
can
have
,
to
save
the
rest
:
And
to
supply
the
King
for
that
end
,
needs
no
more
than
this
One
Tax
;
And
this
will
be
most
equal
,
because
every
one
who
has
most
,
contributes
the
most
towards
it
.
Now
no
Tax
seems
to
be
so
equal
as
that
upon
Malt
;
For
the
Land-Tax
lies
heavy
on
the
Landlords
,
whilst
many
Rich
Tradesmen
,
nay
,
the
very
Malsters
themselves
,
and
other
Wealthy
House-holders
(
that
live
upon
their
Personal
Estates
)
go
almost
Scot-free
,
and
haue
hitherto
paid
very
little
or
Nothing
to
the
Wars
.
And
this
Malt-Tax
would
not
only
be
equal
,
but
also
easie
,
because
it
would
be
small
and
light
upon
the
Rich
,
and
the
Poor
will
be
eased
thereby
;
and
so
Universal
,
as
none
will
be
able
to
evade
the
full
of
(
or
near
)
their
Proportions
;
and
tho
it
be
small
,
yet
it
will
(
by
that
Universality
)
arise
to
a
Fund
sufficiently
big
,
with
what
else
is
proposed
,
to
raise
Millions
of
Money
enough
to
supply
all
the
King's
Occasions
to
the
full
,
being
paid
off
by
Two
Millions
a
Year
.
And
if
the
Nation
will
but
take
their
own
Profits
by
Usury
into
their
own
hands
,
the
War
may
thereby
be
continued
to
sink
our
Enemies
,
and
the
Land-Tax
be
for
ever
laid
aside
,
save
only
one
half
thereof
for
the
Year
1697.
All
which
is
very
easie
to
be
accomplished
by
the
following
Means
,
VIZ
.
-
1st
,
By
Establishing
a
true
National
Universal
Credit
throughout
every
part
of
the
Kingdom
,
inherent
in
the
Parliament
;
Because
no
Credit
in
particular
hands
can
be
so
Universally
Acceptable
,
Safe
,
Convenient
or
Profitable
to
the
Nation
,
which
privat●
Banks
have
greatly
dishonoured
.
-
2dly
,
By
transferring
the
Present
Excises
upon
Beer
and
Ale
into
a
less
Duty
upon
Malt
,
which
yet
will
produce
more
than
five
times
the
Yearly
quantity
of
money
to
His
Majesty
than
these
Excises
amount
to
;
and
that
with
a
great
deal
more
Ease
and
Equality
to
the
Subjects
,
and
half
the
Charge
saved
in
Collecting
.
The
Methods
whereof
,
and
the
Advantages
whereby
,
are
set
forth
(
by
plain
Demonstration
)
in
the
following
Scheme
.
A
Scheme
of
most
Easie
Demonstration
,
to
Raise
for
His
Majesty
Twelve
or
Fourteen
Millions
of
Money
(
or
more
,
if
desired
)
for
the
Year
1697.
without
Subscripsions
,
or
Advancing
the
present
Taxes
.
|
|
s
.
|
d
.
|
|
THree
Bushels
of
Malt
make
a
Barrel
of
Strong
Beer
,
the
Excises
whereof
are
|
4
|
9
|
|
One
Barrel
of
Small
Beer
comes
off
from
the
same
,
whose
Excises
are
|
1
|
3
|
So
as
three
Bushels
of
Malt
(
now
paying
2
s
.
per
Bushel
Excise
)
makes
it
up
Six
Shilling
|
6
|
0
|
A
Gentleman
of
500
l.
per
Ann.
now
pays
,
(
or
ought
to
pay
)
by
the
4
s
.
in
the
Pound
Tax
100
l.
|
100
|
|
He
is
supposed
to
Expend
25
Hogsheads
of
Strong
Beer
per
Ann.
to
which
is
allowed
Six
Bushels
of
Malt
per
Hogshead
,
in
favour
of
the
Accompt
to
the
Landed
Gentry
,
tho'
't
is
not
often
that
more
than
Five
Bushels
are
afforded
;
but
at
Six
Bushels
per
Hogshd
it
comes
to
no
more
than
150
Bushels
;
which
at
Twenty
pence
per
Bushel
,
his
whole
Years
Tax
will
come
to
but
Twelve
Pounds
ten
Shillings
.
Because
25
Hogsheads
of
Small
Beer
(
or
more
)
will
come
off
from
the
same
,
for
the
Use
of
his
Family
.
|
12
|
10
|
So
as
in
lieu
of
One
Hundred
Pounds
he
now
pays
for
his
Land
Tax
,
he
shall
then
pay
no
more
than
Twelve
Pounds
Ten
Shillings
for
his
Malt
Tax
,
whereby
he
will
be
a
Saver
per
Annum
of
Eighty-seven
Pounds
and
Ten
Shillings
.
|
87
|
10
|
There
are
divers
Estimates
of
the
Quantity
of
Malt
,
made
Yearly
in
England
,
but
most
Men
do
believe
that
laborious
Computation
to
be
nearest
the
Truth
,
which
says
,
Eight
Pence
per
Bushel
will
raise
per
Ann.
Two
Millons
One
Hundred
Thousand
Pounds
.
|
2.100.000
|
Wherefore
,
if
a
Duty
of
20
d
.
per
Bushel
be
laid
thereon
,
the
same
will
be
less
by
4
d
.
on
the
Bushel
,
(
or
12
d
.
on
the
Barrel
of
Beer
)
than
the
Brewers
now
pay
;
and
yet
that
easie
Tax
(
if
the
quantity
of
Malt
be
right
guess'd
at
,
of
which
there
is
almost
as
plain
Demonstration
,
as
of
any
thing
in
the
World
)
will
raise
for
the
KING
per
ann.
Five
Millions
Two
Hundred
and
Fifty
Thousand
Pounds
.
|
5.250.000
|
If
there
be
allow'd
for
the
present
Excises
(
which
is
supposed
to
be
the
utmost
those
yield
)
Nine
Hundred
and
Fifty
Thousand
Pounds
per
annum
.
|
950.000
|
This
Universal
Excise
of
20
d
.
per
Bushel
amounts
to
more
than
the
present
Excises
of
2
s
.
per
Bushel
(
as
it
is
now
laid
)
by
Four
Millions
and
Three
Hundred
Thousand
Pounds
per
annum
.
|
4.300.000
|
If
for
the
Charge
in
Collecting
be
allow'd
per
annum
Two
Hundred
Thousand
Pounds
,
|
200.000
|
|
There
will
remain
neat
from
the
several
Offices
for
the
Service
of
the
Nation
Four
Millions
and
One
Hundred
Thousand
Pounds
for
the
Year
1697.
|
4.100.000
|
Whereunto
adding
one
half
of
the
Neat
Money
of
4
s
.
for
the
Land
Tax
for
that
Year
1697.
the
same
will
be
at
2
s
.
per
Pound
about
Nine
Hundred
Thousand
Pds.
|
900.000
|
|
Here
will
be
collected
in
the
Year
1697.
in
Neat
Cash
,
of
Mill'd
Money
and
Guineas
,
Five
Millions
.
|
5.000.000
|
|
If
there
be
paid
out
of
this
,
to
discharge
Bills
for
the
Year
1697.
Two
Millions
,
|
2.000.000
|
|
There
will
remain
a
Reserve
at
the
end
of
the
Year
1697.
for
a
Collateral
Security
,
and
to
pay
those
that
want
Cash
,
to
answer
Foreign
Demands
,
and
to
put
Bills
in
Circulation
at
3
per Cent
Interest
,
on
Mortgages
and
other
Securities
,
Three
Millions
.
|
3.000.000
|
Admitting
the
Malt
Tax
in
the
Year
1698.
|
to
raise
the
like
Summ
,
as
in
the
Year
1697.
|
4.100.000
|
|
And
deducting
from
thence
another
2
Mill
.
|
2.000.000
|
|
2.100.000
|
|
There
will
be
at
the
end
of
the
Year
1698.
a
Stock
remaining
in
Reserve
,
for
Collateral
Security
,
and
to
pay
Cash
in
specie
on
Foreign
Occasions
,
and
to
Circulate
Bills
as
aforesaid
,
of
Five
Millions
and
One
Hundred
Thousand
Pounds
,
towards
the
Defraying
the
Charge
of
the
Wars
for
that
Year
,
if
it
continues
.
|
5.100.000
|
|
And
for
a
Help
thereunto
,
will
be
the
Profits
from
the
Offices
of
that
Year
1698
entire
,
together
with
some
Effects
that
may
be
expected
from
thence
in
the
Year
1697.
if
the
same
shall
be
settled
by
Midsummer
,
or
Michaelmas
next
,
and
Mortgages
come
in
,
and
Money
lent
on
those
and
on
Lombards
,
and
other
good
Securities
,
at
3
per Cent
,
the
clear
Profits
by
Christmas
,
1698.
or
by
Lady-day
following
,
being
one
Year
and
a
half
,
may
be
hoped
(
besides
the
Charges
of
managing
the
same
)
to
exceed
Six
Millions
.
|
6.000.000
|
|
So
as
there
will
be
a
Stock
,
ready
collected
for
the
Service
of
the
Kingdom
,
for
the
Year
1698.
Eleven
Millions
and
One
Hundred
Thousand
Pounds
.
|
11.100.000
|
And
there
will
(
yet
)
arise
a
further
Help
from
the
Funds
,
that
shall
have
clear'd
aforesaid
their
Anticipations
.
Here
is
like
to
be
Money
enough
to
pay
the
Charge
of
the
Nation
in
the
Year
1698
,
and
a
great
deal
to
spare
,
to
Circulate
Bills
,
and
in
the
Sessions
that
Year
,
the
Parliament
will
see
more
clearly
what
Measures
to
take
for
the
Year
1699.
than
can
now
be
foretold
;
and
if
the
Profits
on
these
Bills
shall
answer
the
present
Prospect
,
neither
this
,
nor
any
other
Tax
will
need
long
to
continue
.
But
in
the
mean
time
here
will
be
enough
every
day
coming
in
,
to
remove
that
sore
Oppression
,
so
bitterly
groan'd
under
,
the
Tax
upon
untenanted
Houses
,
which
the
lowering
of
Rents
cannot
mend
whilst
the
People
have
no
Trade
to
subsist
by
,
but
which
the
Methods
herein
proposed
will
suddainly
revive
to
Admiration
and
Wonder
.
Hitherto
is
set
forth
what
may
be
expected
from
the
Malt
Tax
,
and
the
Offices
of
Credit
from
the
beginning
of
the
Year
1697.
to
the
end
of
the
Year
1698.
the
same
being
a
Ground-Work
for
what
shall
here
follow
,
Viz
.
That
how
many
Millions
soever
the
Parliament
shall
think
fit
to
give
unto
His
Majesty
for
the
Year
1697.
the
same
may
be
paid
off
by
Two
Millions
per
Annum
,
according
to
the
Methods
aforesaid
,
for
which
,
Orders
may
be
drawn
by
the
Lords
of
the
Treasury
on
the
●…
ead
Office
in
London
;
from
whence
may
(
accordingly
)
issue
Bills
for
the
whole
Money
,
given
by
Parliament
for
that
Years
Service
,
to
be
paid
off
by
these
Two
Millions
per
Annum
,
as
the
Cash
shall
come
into
the
Offices
,
according
to
the
Priority
of
the
Number
of
every
Bill
,
and
the
the
Contents
of
the
Draughts
from
the
Lords
of
the
Treasury
,
to
be
distributed
by
Directions
from
the
Respective
particular
Treasurers
of
the
Army
,
Navy
,
Ordnance
,
&c.
to
every
individual
Person
concern'd
therein
;
regard
being
had
to
the
like
Priority
of
Numbers
of
those
Bills
in
like
manner
:
And
that
in
the
mean
time
the
Money
comes
in
,
all
these
Bills
shall
pass
current
from
Man
to
Man
for
the
Sums
express'd
in
'em
,
as
for
so
much
Money
in
Coin
.
And
if
the
Royal
Bank
shall
be
pleased
to
accept
of
their
Mony
,
and
the
Interest
due
thereupon
;
nay
,
and
also
if
they
please
to
transfer
their
Securities
,
and
that
his
Majesties
Pleasure
shall
be
such
,
the
said
Lords
Commissioners
may
give
unto
them
the
first
Bills
,
or
one
half
,
or
one
Third
thereof
,
as
can
best
be
agreed
on
,
to
be
paid
off
in
New
Mony
and
Guinies
(
provided
they
so
pay
others
)
that
shall
first
come
in
from
the
Taxes
,
which
't
is
hoped
they
will
not
refuse
(
barely
for
the
Lucre
of
that
Extraordinary
Interest
of
8
l.
6
s
.
8
d
.
per
cent
.
considering
the
present
Distresses
of
the
Nation
.
And
the
Persons
indebted
,
who
shall
be
concerned
in
Transferring
of
these
Securities
,
will
mightily
rejoice
in
having
their
Interest
reduced
to
3
per
cent
.
by
the
Kindness
of
the
Government
.
I
come
now
to
a
few
words
more
to
the
Nobles
and
Landed
Gentlemen
,
viz
It
is
proved
before
,
that
Twelve
pounds
ten
shillings
per
annum
Extraordinary
Charge
on
their
Beer
,
will
save
100
l.
of
the
Land-Tax
;
wherein
is
further
to
be
observ'd
,
viz.
That
the
said
12
l.
10
s
.
is
One
Years
full
Quota
for
that
Gentleman
of
500
l.
per
annum
,
to
pay
towards
the
raising
for
his
Majesty
Five
Millions
Two
Hundred
and
Fifty
Thousand
Pounds
|
5250000
|
|
And
in
the
Land
Tax
his
Years
Quota
of
100
l.
raises
no
more
than
Two
Millions
|
2000,000
|
Which
gives
Demonstration
that
the
Landlords
in
the
Countrey
will
be
savers
,
manyfold
over
.
|
For
if
100
l.
raises
but
Two
Millions
|
100
l.
|
2000000
|
Twelve
Pounds
ten
shillings
(
pro
Rato
)
ought
to
raise
no
more
than
Two
Hundred
and
Fifty
Thousand
Pounds
|
12
l.
10
s
.
|
250000
|
Now
if
that
Twelve
Pounds
Ten
shillings
,
the
Proportion
whereof
is
to
raise
no
more
than
Two
Hundred
and
Fifty
Thousand
Pounds
,
per
Annum
,
do's
raise
5
Millions
and
250
thousand
pounds
,
then
it
do's
so
many
sold
over
the
Service
of
a
Land-Tax
to
the
Landed
Gentleman
of
500
l
a
year
,
as
may
be
astonishing
until
the
same
shall
be
demonstrated
by
Arithmetical
Operation
.
Two
Doubts
(
and
no
more
)
can
be
made
in
this
Scheme
;
the
one
is
in
the
Quantity
of
the
Malt
;
the
other
in
the
Profits
by
the
Usury
of
the
Nation
;
both
which
are
hoped
(
the
one
with
the
other
)
so
will
make
up
,
as
not
to
fall
short
,
tho
none
can
be
positive
in
things
of
this
Nature
.
But
whatsoever
shall
occur
,
the
next
Sessions
of
Parliament
will
see
things
more
clear
,
and
Regulate
what
shall
be
necessary
,
and
continue
from
Sessions
to
Sessions
to
make
all
needful
Rectifications
.
FINIS
.