That Bills be past on the Bank by such as are appointed to buy for the Publick 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 Moneys, 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 Publick 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 Assigne.
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.
I. First, Its Security.
II. Secondly, Some of those Advantages the Nation will reap by it.
III. Thirdly, I shall make some Comparison between this Credit, and the present Bank of England.
IV. Fourthly, I shall set forth the necessity of setling the Nations Credit in this present Sessions.