







 
   
     
       
         The national land-bank, together with money so composed, as not only to be easie understood, and easily practiced, but more capable also of supplying the government with any sum of money in proportion to what fund shall be settled: as likewise, the free-holder with money at a more moderate interest, than if such bank did consist of money alone without land.
         Neale, Thomas, d. 1699?
      
       
         
           1695-1696?
        
      
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         A52730
         Wing N341
         ESTC R222707
         99833850
         99833850
         38328
         
           
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         (EEBO-TCP ; phase 1, no. A52730)
         Transcribed from: (Early English Books Online ; image set 38328)
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             The national land-bank, together with money so composed, as not only to be easie understood, and easily practiced, but more capable also of supplying the government with any sum of money in proportion to what fund shall be settled: as likewise, the free-holder with money at a more moderate interest, than if such bank did consist of money alone without land.
             Neale, Thomas, d. 1699?
          
           1 sheet ([1] p.)
           
             s.n.,
             [London? :
             1695/6]
          
           
             Signed and dated at foot: Tho. Neale. Feb. 24. 1695.
             Imprint from Wing.
             Reproduction of the original in the Guildhall Library, London.
          
        
      
    
     
       
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         eng
      
       
         
           Finance, Public -- Early works to 1800.
        
      
    
     
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           The
           National
           
             Land-Bank
             ,
          
           together
           with
           MONEY
           :
        
         
           So
           composed
           ,
           as
           not
           only
           to
           be
           easie
           understood
           ,
           and
           easily
           practiced
           ,
           but
           more
           capable
           also
           of
           supplying
           the
           Government
           with
           any
           Sum
           of
           Money
           in
           proportion
           to
           what
           Fund
           shall
           be
           settled
           :
           As
           likewise
           ,
           The
           Free-holder
           with
           Money
           at
           a
           more
           moderate
           Interest
           ,
           than
           if
           such
           Bank
           did
           consist
           of
           Money
           alone
           without
           Land.
           
        
         
           The
           Proposal
           is
           ,
        
         
           THat
           Two
           Millions
           be
           raised
           by
           Subscriptions
           of
           Money
           ,
           and
           one
           Million
           more
           by
           Subscriptions
           of
           Land
           ,
           to
           make
           up
           Three
           Millions
           ,
           which
           is
           Proposed
           for
           the
           Capital
           Fund
           of
           this
           Bank
           ,
           and
           on
           which
           the
           Profit
           and
           Loss
           is
           to
           be
           yearly
           Computed
           ,
           and
           afterwards
           taken
           and
           born
           by
           the
           first
           Subscribers
           of
           the
           said
           Three
           Millions
           ,
           as
           herein
           after
           prescribed
           .
        
         
           The
           Subscriptions
           for
           the
           Two
           Millions
           of
           Money
           to
           be
           made
           in
           such
           manner
           as
           those
           were
           for
           the
           Bank
           now
           in
           being
           ,
           with
           this
           difference
           ,
           that
           the
           Money
           Subscribers
           in
           this
           (
           which
           they
           were
           not
           in
           that
           )
           should
           be
           obliged
           ,
           from
           the
           time
           of
           Closing
           the
           Books
           ,
           to
           pay
           Four
           
             per
             Cent.
          
           for
           the
           use
           of
           the
           Bank
           in
           general
           ,
           for
           such
           part
           of
           the
           Money
           by
           them
           Subscribed
           ,
           as
           shall
           remain
           in
           their
           hands
           ,
           till
           called
           for
           by
           the
           Bank
           ,
           and
           paid
           in
           .
        
         
           The
           Land
           to
           be
           Subscribed
           by
           the
           Possessor
           of
           it
           ,
           and
           to
           be
           charged
           by
           Parliament
           ,
           with
           the
           actual
           payment
           of
           one
           fifth
           part
           of
           its
           yearly
           value
           ,
           which
           fifth
           part
           is
           to
           be
           paid
           down
           to
           the
           Bank
           at
           Subscribing
           ,
           and
           every
           year
           after
           by
           the
           Subscriber
           ,
           or
           his
           Assigns
           ,
           and
           the
           Benefit
           of
           such
           Rent
           Charge
           ,
           being
           to
           be
           the
           Profit
           of
           500
           
             l.
          
           Stock
           in
           the
           Bank
           for
           every
           100
           
             l.
          
           yearly
           Subscribed
           ,
           and
           for
           which
           20
           
             l.
          
           must
           yearly
           be
           paid
           ,
           is
           to
           be
           annext
           and
           to
           always
           belong
           to
           whoever
           is
           possest
           of
           the
           Land.
           And
           it
           cannot
           be
           supposed
           ,
           that
           any
           Man
           will
           Subscribe
           ,
           that
           does
           not
           believe
           he
           has
           Title
           ,
           since
           he
           must
           hurt
           himself
           only
           by
           it
           ,
           and
           no
           body
           else
           if
           he
           does
           .
        
         
           For
           Example
           ,
           1000
           
             l.
          
           yearly
           Subscribed
           ,
           to
           be
           made
           lyable
           to
           pay
           200
           
             l.
          
           yearly
           rent
           charge
           to
           the
           Bank
           ;
           whereof
           the
           first
           year
           200
           
             l.
          
           down
           ,
           and
           to
           remain
           so
           chargeable
           yearly
           into
           whose
           Hands
           soever
           ,
           by
           Settlements
           ,
           Morgages
           ,
           or
           otherwise
           ,
           it
           shall
           happen
           to
           come
           for
           which
           200
           
             l.
          
           first
           paid
           ,
           and
           so
           payable
           yearly
           as
           aforesaid
           ,
           the
           Proprietor
           (
           whosoever
           he
           shall
           be
           of
           the
           Land
           )
           to
           be
           Entitled
           to
           the
           Profits
           of
           5000
           
             l.
          
           in
           the
           Bank
           ;
           but
           to
           be
           always
           annext
           to
           the
           Land
           ,
           which
           brings
           the
           Money
           and
           Land-Subscribers
           on
           a
           just
           equal
           foot
           ;
           and
           makes
           this
           Million
           in
           Land
           ,
           and
           Two
           Millions
           in
           Money
           ,
           full
           equal
           in
           value
           to
           three
           Millions
           all
           Money
           ,
           and
           able
           to
           pay
           as
           great
           Sums
           ;
           and
           so
           by
           this
           Method
           ,
           the
           Land
           thus
           subscribed
           divides
           equal
           in
           Proportion
           with
           the
           Money-Subscriptions
           in
           the
           Profit
           of
           the
           Bank
           ,
           and
           may
           as
           aforesaid
           be
           subscribed
           and
           be
           made
           good
           Security
           ,
           without
           looking
           into
           Titles
           ,
           whether
           settled
           or
           not
           ,
           and
           so
           Land
           this
           way
           may
           as
           soon
           and
           as
           easie
           be
           subscribed
           ,
           and
           to
           as
           much
           Advantage
           made
           use
           of
           as
           Money
           .
        
         
           As
           to
           the
           great
           design
           ,
           and
           what
           may
           relate
           to
           the
           easie
           furnishing
           the
           Freeholders
           with
           Money
           at
           Interest
           :
           Note
           ,
           A
           Bank
           thus
           enabled
           (
           will
           be
           the
           more
           willing
           to
           do
           it
           )
           and
           may
           without
           Damage
           be
           obliged
           to
           lend
           500000
           
             l.
          
           yearly
           (
           if
           so
           much
           is
           required
           )
           to
           be
           lent
           to
           either
           their
           own
           Land
           Subscribers
           ,
           or
           such
           others
           as
           shall
           with
           good
           Titles
           settle
           their
           Land
           on
           this
           Bank
           at
           a
           moderate
           Interest
           (
           suppose
           3
           
             l.
          
           10
           
             s.
          
           yearly
           
             per
             Cent.
          
           )
           and
           it
           may
           be
           to
           three
           parts
           of
           four
           of
           its
           value
           ,
           and
           that
           in
           such
           manner
           ,
           that
           the
           Borrower
           of
           it
           (
           when
           his
           Land
           is
           once
           settled
           in
           Bank
           )
           may
           at
           any
           time
           take
           up
           either
           part
           of
           ,
           or
           the
           full
           Sum
           to
           be
           lent
           on
           his
           Land
           ,
           and
           pay
           it
           back
           again
           in
           such
           Proportions
           as
           best
           suit
           with
           his
           private
           Concerns
           ;
           which
           is
           all
           the
           Advantage
           has
           at
           any
           time
           been
           proposed
           by
           Land-Banks
           .
           And
           this
           so
           proposed
           Bank
           (
           if
           made
           one
           by
           Parliament
           )
           on
           a
           Fund
           to
           be
           settled
           ;
           and
           this
           Millions
           worth
           of
           Land
           (
           which
           will
           strengthen
           the
           same
           )
           will
           easily
           furnish
           any
           Sum
           of
           Money
           in
           proportion
           to
           the
           Fund
           shall
           be
           given
           ,
           and
           also
           such
           500000
           
             l.
          
           yearly
           at
           Interest
           on
           Land
           as
           aforesaid
           ,
           if
           so
           be
           that
           the
           same
           be
           desired
           .
        
         
           And
           that
           Gentlemen
           may
           not
           be
           frightned
           from
           subscribing
           their
           Land-Estates
           ,
           and
           subjecting
           them
           to
           the
           Payment
           of
           one
           fifth
           of
           their
           annual
           Value
           ,
           for
           fear
           of
           being
           yearly
           put
           to
           it
           to
           provide
           the
           same
           to
           pay
           in
           ,
           nor
           Money'd
           Men
           from
           subscribing
           Money
           ,
           for
           fear
           of
           being
           in
           like
           manner
           put
           to
           it
           for
           yearly
           providing
           the
           Interest
           of
           the
           Money
           by
           them
           subscribed
           ,
           and
           not
           paid
           in
           to
           the
           Bank
           as
           aforesaid
           .
           Note
           ,
           If
           the
           Profit
           made
           of
           the
           Money
           paid
           into
           the
           Bank
           ,
           amounts
           to
           but
           4
           
             per
             Cent.
          
           and
           no
           more
           ,
           that
           4
           
             per
             Cent.
          
           will
           pay
           4
           
             per
             Cent.
          
           Dividend
           for
           the
           Money
           paid
           in
           ;
           and
           the
           Rent
           reserved
           on
           the
           Land
           ,
           and
           the
           4
           
             per
             Cent.
          
           to
           be
           paid
           for
           the
           Money
           not
           paid
           in
           ,
           paid
           back
           to
           the
           Owner
           ,
           or
           not
           paid
           into
           the
           Bank
           ,
           will
           be
           a
           4
           
             per
             Cent.
          
           Dividend
           to
           those
           that
           should
           pay
           it
           ;
           so
           that
           if
           no
           loss
           is
           made
           by
           the
           Bank
           ,
           the
           paying
           of
           the
           Rent
           ,
           and
           Interest
           reserved
           as
           aforesaid
           ,
           will
           be
           but
           nominal
           only
           ,
           and
           what
           more
           shall
           be
           gotten
           will
           be
           all
           clear
           Gains
           to
           all
           Persons
           in
           general
           concerned
           in
           the
           Bank
           ,
           to
           be
           proportionably
           divided
           at
           such
           times
           as
           shall
           be
           judged
           best
           .
        
         
           
             Tho.
             Neale
             .
          
           
             
               
                 Feb.
              
               24.
               1695.
               
            
          
        
      
    
     
  

