I. As to the sixth Article of their said former Proposal, wherein they have humbly desir'd to be Allowed for Charges of Management, for their to be increased Capital, so much as it now costs the Government for the Charges of Paying, Assigning and Accounting for the said Debts, or such Proportion thereof, as the Sum which shall be taken in by the Company, shall bear to the whole of those Debts.
They now offer by way of Explanation of that Article, that the Allowances therein Mentioned, are not to exceed a Proportion to the Allowance they now have by Act of Parliament on their present Capital for that purpose.
II. That whereas, in their seventh Article of their said Proposal it is Mentioned that the Annuities for the Company's present, and to be increased Capital, be continued at the Rates therein Mentioned till Midsummer, 1727. And that from and after that time their then Annuity on their whole Capital, shall be actually reduced to £4 per Cent. per Ann. and likewise be from thenceforth redeemable by Parliament.
They do humbly offer that if this Honourable House do think it more for the Interest of the Publick, that in lieu of the said seventh Article, all the Sums to be taken into the Company's Capital, in pursuance of their proposal, shall be redeemable by Parliament, from and after Midsummer 1724, in Sums not less than £500,000 at a time they do consent thereto.
III. And whereas by the tenth Article of their said former Proposal, they offer'd for the Liberty of Increasing their Capital Stock, as is therein aforesaid; that they would give and pay into his Majesty's Exchequer, for the Service of the Publick, the sum of £3,500,000.
They now humbly Offer, that over and above the said £3,500,000, They will farther give and pay into his Majesty's Exchequer, for the use of the Publick, by four Equal Quarterly Payments on the days Mention'd in their said former Proposal, £500,000 more certain, and also upon all the said Annuities for certain Terms of Years which this Company shall take into their Capital Stock, before the first day of March, 1721, after the rate of four Year and half purchase, by four Quarterly Payments which if all the said Annuities be taken into the said Company, will amount to the Sum of £3,567,503 or thereabouts, to which being added the said £3,500,000 and the said further Sum of £500,000 will amount in the whole to the Sum of £7,567,500 or thereabouts.
IV. That whereas in the eleventh Article of their former Proposal, they did submit that so much as shall arise by the sinking Fund before Midsummer 1727 may from and after paying Off such Part of the Publick Debts, as may be Redeemed within that time, and which shall not be taken into this Company, be applied at the end of every Year towards paying off, in even One Hundred Thousand Pounds, that part of the Company's Capital, which carries £5 per Cent. per Ann.
They do humbly offer in lieu thereof, that if this Honourable House think fit to make their to be Increased Capital, Redeemable at Midsummer 1724, That the said sinking Fund may till that time be applied half Yearly, to the paying off that part of the Company's which is to carry £5 per Cent. per Ann.
V. As to the twelfth Article of this Company's former Proposal, Relating to the Circulating of £1,000,000 in Exchequer Bills Gratis, and likewise pay the Interest for that Million, so as no other Exchequer Bills be issued than what shall be Circulated by the Credit of the Exchequer, without the aid of Subscription or Contract.
VI. And Lastly, that this Honourable House may be fully satisfied of the sincere Intentions of this Company to use their best Endeavours to take in all the said Annuities for ninety-nine, and ninety-six Years, which amount to £667,705 8s. 1d. per Ann. This Company do further Humbly offer to give and pay into his Majesty's Exchequer, for the Service of the Publick, by four Equal Quarterly Payments, one Years Purchase upon all such of those Annuities as shall happen not to come into the Company's Capital within the time aforesaid.