Proposals for raising a million. This text is an enriched version of the TCP digital transcription B28455 of text R224789 in the English Short Title Catalog. Textual changes and metadata enrichments aim at making the text more computationally tractable, easier to read, and suitable for network-based collaborative curation by amateur and professional end users from many walks of life. The text has been tokenized and linguistically annotated with MorphAdorner. The annotation includes standard spellings that support the display of a text in a standardized format that preserves archaic forms ('loveth', 'seekest'). Textual changes aim at restoring the text the author or stationer meant to publish. This text has not been fully proofread Approx. 4KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. EarlyPrint Project Evanston,IL, Notre Dame, IN, St. Louis, MO 2018 B28455 ESTC R224788 Wing P3738 Interim Tract Supplement Guide 816.m.6[22] ESTC R224788 ESTC R224789 ocm99885655

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. Searching, reading, printing, or downloading EEBO-TCP texts is reserved for the authorized users of these project partner institutions. Permission must be granted for subsequent distribution, in print or electronically, of this text, in whole or in part. Please contact project staff at eebotcp-info(at)umich.edu for further information or permissions.

 Early English books online text creation partnership. (EEBO-TCP ; phase 2, no. B28455) Transcribed from: (Early English Books Online ; image set 201572) Images scanned from microfilm: (Early English books; Tract supplement ; C25:3[23]) Proposals for raising a million. 1 sheet ([1] p.). s.n., [London : 1695?] Caption title. Imprint suggested by Wing. Reproduction of the original in the British Library.

Header created with script mrcb2eeboutf.xsl on 2016-01-28.

Manually keyed and coded text linked to page images in accordance with level 4 of the TEI in Libraries guidelines.

Issued variously as SGML (TCP schema; ASCII text with mnemonic sdata character entities); displayable XML (TCP schema; characters represented either as UTF-8 Unicode or text strings within braces); or lossless XML (TEI P5, characters represented either as UTF-8 Unicode or TEI g elements).

Keying and markup guidelines available at TCP web site (http://www.textcreationpartnership.org/docs/)

 eng Excise tax -- England -- Early works to 1800. Taxation -- England -- Early works to 1800. Debts, public -- England -- Early works to 1800. eebo Proposals for raising a million. . n/a 1695 1 642 4 0 0 0 0 0 62.31 D The rate of 62.31 defects per 10,000 words puts this text in the D category of texts with between 35 and 100 defects per 10,000 words. 2014-06 Keyed and coded from ProQuest page images 2014-08 Sampled and proofread 2014-08 Text and markup reviewed and edited 2015-03 Batch review (QC) and XML conversion
PROPOSALS FOR Raising a Million .

THAT a Fund of 106 thousand Pounds per Annum , be s 〈…〉 ( out of an Excise or otherwise ) for twenty Years , and 〈…〉 sted in a Corporation ( to be made by Parliament ) who shall immediately take in Subscriptions for twelve hundred thousand Pounds , viz. for a Million to be paid into the Exchequer , and for 200 thousand Pounds to remain the Stock of the Corporation , to Circulate the Million-Credit ( herein after mentioned ) in Payments .

That upon Payment of the Monies subscribed for the Million , every Person paying the same , shall for every 100 l. so paid , have a Assignment of 2 l. per Ann. part of the 106 thousand Pounds per Ann. for twenty Years ( which Assignments for the whole Million will amount to twenty thousand Pounds per Ann. ) And shall also have a Note under the Common Seal of the Corporation for 100 l. payable to the Bearer at demand with 2 l. per Ann. interest thereon for twenty years ( with some Provision to be made in the Act , that the Notes shall not be demanded till the Million is paid into the Exchequer , or the Time elapsed which shall be appointed by the Act for the Payment thereof ) which will make the Corporation Debtor for a Million Principal , and twenty thousand Pounds per Ann. more for Interest for twenty Years .

That for the Security of all Persons who take these Notes , the Corpo●ation shall ( by the Act ) be obliged yearly to lay out 50 thousand Pounds in the Purchase of Lands ( to be conveyed unto them by Bargain ●nd Sale inrolled in Chancery ) which Lands , and the Rents and Profits thereof , shall be liable to the Payment of these Notes , and to no other Debts of the Incorporation ; and shall never be sold or divided , unless for Payment of these Notes , whereby the Incorporation will ( in twenty Years ) have the value of a Million in Land , ( besides the Rents and Profits , and their 200 thousand Pounds ) to answer their Million Credit .

That the 16 Thousand pounds per Ann. ( Residue of the 106 Thousand pounds per Ann. ) shall be yearly divided to the Stock of 200 Thousand Pounds , which is 8 l. per Cent . Interest , our of which must be born the Charges of this Bank , computed at 2 per Cent .

So that every one who payes 100 l. towards the Stock of 200 Thousand pounds , receives 6 l. per Cent . for 20 years , and hath his principal Money remaining in the Stock of the Incorporation . And every one who payes 100 l. towards the Million , doth at the same instant receive back his 100 l. by Note ( which by reason of the Interest running upon it , is more valuable than the Money he brought in ) an hath also 2 l. per Ann. for 20 years for Advance of the 100 l.

This PROPOSAL ,

Will speed the Payments into the Exchequer . Is the cheapest to the Government of any yet proposed . Is Easie to the People . Doth not Monopolize the Advantage to the Undertakers , but distributes it amongst Contributors and Creditors . Advances the Value of Land , which is much depreciated by all other Funds yet raised or proposed . Doth ( by the Bills of Credit ) make an immediate Return of all Moneys advanced towards it , whereas other Funds ( of the nature of those for Lives and Lotteries ) do exhaust Millions out of Trade , without replenishing the same .