Proposal, by Doctor Hugh Chamberlen for a land credit presented to the Parliament by the committee to whom it was referred to be considered.
Chamberlen, Hugh.
1700
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B01983
Wing C1881
ESTC R171144
52614555
ocm 52614555
175790
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Proposal, by Doctor Hugh Chamberlen for a land credit presented to the Parliament by the committee to whom it was referred to be considered.
Chamberlen, Hugh.
Scotland. Parliament.
1 sheet ([1] p.)
s.n.,
[Edinburgh :
1700?]
Caption title.
Imperfect: right side cropped, with loss of text.
Reproduction of original in: National Library of Scotland.
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eng
Land banks -- Scotland -- Early works to 1800.
Agricultural credit -- Scotland -- Early works to 1800.
Broadsides -- Scotland -- 17th century.
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PROPOSAL
,
By
Doctor
Hugh
Chamberlen
,
For
a
Land
Credit
,
presented
to
the
Parliament
,
By
the
Committee
,
to
whom
it
was
referred
to
be
Considered
.
PRimo
,
That
by
an
Act
of
Parliament
,
The
Sum
of
300000
lib.
sterling
,
should
be
struck
,
and
made
current
in
Talleys
or
Notes
,
of
different
Denominations
.
Secundo
,
That
an
Office
,
consisting
of
privat
Persons
,
should
be
appointed
by
the
Parliament
,
for
lending
these
Talleys
out
at
5
percent
,
upon
the
best
Land
Securitie
.
Tertio
,
That
the
principal
Sums
borrowed
in
these
Talleys
,
shall
never
be
repayed
,
only
the
Lands
of
such
who
borrow
,
shall
be
burdened
with
the
said
5
per
cent
interest
,
for
the
space
of
25
years
.
Quarto
.
That
four
of
the
said
five
per
cent
interest
,
payed
yearly
in
Talleys
shall
be
destroyed
by
the
Office
,
so
that
at
the
end
of
25
years
or
thereby
,
there
shall
not
be
one
Talley
in
the
Kingdom
.
Quinto
.
That
one
per
cent
of
the
said
five
of
Interest
,
should
be
imployed
for
defraying
the
necessary
Charge
of
the
Office
;
Or
,
otherwise
,
as
the
Parliament
shall
think
Convenient
.
An
Example
of
this
Proposal
:
IF
300000
lib.
sterling
in
Talleys
,
be
lent
out
at
five
per
cent
Interest
,
Then
this
Interest
will
Extend
to
15000
lib.
sterling
yearly
,
of
which
15000
lib.
sterling
.
The
Sum
of
12000
lib
:
sterling
being
4
of
the
said
five
per
cent
shall
be
payed
in
Talleys
and
yearly
destroyed
by
the
Office
,
but
the
remaining
3000
lib.
being
one
of
the
said
5
percent
,
shall
go
for
defraying
the
necessary
Charges
of
the
Office.
The
Heretors
who
borrow
the
said
300000
lib.
sterling
,
shall
continue
paying
punctually
the
said
5
per
cent
Interest
for
the
same
,
during
the
space
of
25
years
,
at
the
end
of
which
Term
their
Land
shall
be
free
,
and
the
principal
shall
never
be
returned
,
for
by
destroying
the
foresaid
12000
lib.
sterling
yearly
of
the
Talleys
,
all
shall
be
returned
in
the
foresaid
space
of
25
years
,
because
12000
multiplyed
by
25●
makes
300000.
which
is
the
compleat
Sum
of
the
Talleys
.
The
Honourable
Estates
of
Parliament
,
may
be
pleased
here
to
observe
That
the
Doctor
does
not
limit
this
Proposal
to
a
certain
definit
Sum
,
nor
to
a
certain
limited
time
;
for
the
Parliament
,
if
they
think
it
proper
,
may
condescend
upon
any
Sum
,
greater
,
or
lesser
,
to
be
repayed
within
any
Term
of
years
.