That this Bank do supply the King with all Loans at per Cent. Interest per Ann. from the Time of borrowing, to the Time the Money is paid in again, and that it hath the Taxes, or Funds settled by Act of Parliament, for its Security.
That all Debts contracted to this Bank, shall be of the same Nature with Debts contracted to the King, and be first paid out of the Estates of the Debtors; and that Extents shall lye accordingly.
That an Account be kept of Profit and Loss in each Chamber, together with the Charges of the Officers, &c. And that it be return’d up every three Months, as also Accompt Current, to the Grand Chamber in London, where the whole shall be Examined by the Commissioners, and they be liable to the inspection of the Parliament.
That Registers for Lands be erected in all Countries, &c. where desired, by Act of Parliament.
That Bills be past on the Bank by such as are appointed to buy for the Public Use of the Nation, payable at the Time of their Agreement; by which means every one will endeavour to furnish the Government cheapest, when their Payments shall be punctual; the King will save a great deal of Money, paid now for Procuration, Excessive Interest, &c. and the Fleet and Army will be well paid.
That the Commissioners do once every Year at least, make up the Accounts depending between the Public and the Bank, allowing ### per Cent. Interest as before; and make Application to the Parliament for its Reimbursement.
That Bills and Bonds be made Assignable by Law, and the Property be thereby transfer’d to the Assignee.
That Trustees may put the Money belonging to Orphans into this Bank, which shall be a Discharge to them for so much of their Trust, the Interest to be duly issued out for the Maintenance of the said Orphans; and that all Plate and Bullion belonging to the said Orphans be by the Trustees coined up at the next Mint, and the Money put into the Bank for the use of the said Orphans.
That the Money in this Bank be freed from Taxes.
Concerning which Credit I shall briefly speak to these Four Things.