519 ([return])
[ See Chamberlayne's Proposal, his Positions supported by the Reasons explaining the Office of Land Credit, and his Bank Dialogue. See also an excellent little tract on the other side entitled "A Bank Dialogue between Dr. H. C. and a Country Gentleman, 1696," and "Some Remarks upon a nameless and scurrilous Libel entitled a Bank Dialogue between Dr. H. C. and a Country Gentleman, in a Letter to a Person of Quality.">[
520 ([return])
[ Commons' Journals Dec. 7. 1693. I am afraid that I may be suspected of exaggerating the absurdity of this scheme. I therefore transcribe the most important part of the petition. "In consideration of the freeholders bringing their lands into this bank, for a fund of current credit, to be established by Act of Parliament, it is now proposed that, for every 150L per annum, secured for 150 years, for but one hundred yearly payments of 100L per annum, free from all manner of taxes and deductions whatsoever, every such freeholder shall receive 4000L in the said current credit, and shall have 2000L more put into the fishery stock for his proper benefit; and there may be further 2000L reserved at the Parliament's disposal towards the carrying on this present war..... The free holder is never to quit the possession of his said estate unless the yearly rent happens to be in arrear.">[
521 ([return])
[ Commons' Journals, Feb. 5. 1693/4.]
522 ([return])
[ Account of the Intended Bank of England, 1694.]
523 ([return])
[ See the Lords' Journals of April 23, 24, 25. 1694, and the letter of L'Hermitage to the States General dated April 24/May 4]