A PROPOSAL For the Raising Two Millions of Money, after the Rate of Fourteen Pounds per Cent. for One Life, or Lease of Forty Years, which shall expire first. Most Humbly offered to the Consideration of the Honourable House of Commons.
THAT there be given out by His Majesty's Commissioners to any Persons, Natives, or Foreigners, Ten hundred Thousand Tickets at Forty Shillings a Ticket, which will raise Two Millions.
That a FUND of Two Hundred and Eighty Thousand Pounds per Annum, for Forty Years, be vested in His Majesty, &c. to pay the following Benefits; viz.
| 1 of | 1000 l. yearly | 1000 l. |
| 1 of | 600 l. yearly | 600 l. |
| 4 each of | 500 l. yearly | 2000 l. |
| 5 each of | 400 l. yearly | 2000 l. |
| 6 each of | 300 l. yearly | 1800 l. |
| 10 each of | 200 l. yearly | 2000 l. |
| 50 each of | 100 l. yearly | 5000 l. |
| 100 each of | 50 l. yearly | 5000 l. |
| 200 each of | 40 l. yearly | 8000 l. |
| 500 each of | 35 l. yearly | 17500 l. |
| 600 each of | 30 l. yearly | 18000 l. |
| 700 each of | 25 l. yearly | 17500 l. |
| 800 each of | 20 l. yearly | 16000 l. |
| 900 each of | 15 l. yearly | 13500 l. |
| 1000 each of | 10 l. yearly | 10000 l. |
| 2000 each of | 5 l. yearly | 10000 l. |
| 25000 each of | 2 l. yearly | 50000 l. |
| 100000 each of | 1 l. yearly | 100000 l. |
| 131877 | ||
| To the First Ticket drawn, besides the Benefit may come up with it, The Sum of | 50 l. | |
| To the Last Ticket drawn | 50 l. | |
| 280000 l. Yearly. | ||
The said Benefits to be held by Life, or Lease of Forty Years, which shall expire First.
A Benefitted Ticket of, or under 50 l. per Annum, to have but One Life nominated for it.
A Benefitted Ticket of, or above 100 l. per Annum (at the Request of the Owner) may be divided into as many parts as there are of Fifty Pounds included in it; and every Fifty Pounds may have a Life nominated for it.
As many Benefitted Tickets as the Persons concerned will, may be held by one and the same Life.
All Benefitted Tickets of, or above 10 l. per Annum, to be paid by Half-yearly; the rest by Yearly Payments.
The first Payment to be reckoned from Christmas, 1695.
The Lives to be nominated by the Persons concerned, or their Assigns, within [...] after the Drawing is ended.
The manner of giving out Tickets and Encouragement to Adventurers by way of Rebate, the Mixing and Drawing, might be according to the late Act; except that whereas it is therein directed, as many Blanks should be mix'd with the Prizes as would make the Prizes, and Blanks together equal in Number with the Tickets, there might be mix'd with these only about Twenty thousand Blanks.
That instead of the Inscription which the late Tickets bore, there be imprinted His Majesty's Cypher only on these: And the time given for taking out Tickets might be until the Twentieth of December, 1695.
The Fund might be, That every Person in England and Wales, above Sixteen Years of Age (except [...]) pay Twelve-Pence Yearly: The Nobility Gentry, and Persons of [...] Estate, Two Shillings each by the Year.
This way the 280000 l. per Annum would be so laid, that no particular Body of Men, nor the present Age should bear it.
It might be easily collected, and it is a Trifle for every particular Person to pay.
Tickets being given out at Forty Shillings a Ticket, a vast number of His Majesty's good Subjects may, and doubtless will, be Adventurers, that were not, nor could not be concerned either in the late Funds for Lives, or the Million Adventure; the one requiring a Hundred Pounds, and the other (being 39 Blanks to a Prize) Four Hundred Pounds to have had an equal Chance for a Prize.
Dr. Chamberlayne in his Present State of England, last Edition,
| Computes the People at | 7055706 |
| Suppose them to be | 6600000 |
| Persons exempted | 2000000 |
| Remaining | 4600000 |
Whereof
|
makes 280000 l. Yearly. |
Note, There is not Seven Blanks to a Prize in this Adventure.