A proposal, shewing how this nation may be vast gainers by all the sums of money, given to the Crown, without lessening the prerogative humbly offer'd to the King's Most Excellent Majesty, the Lords Spiritual and Temporal, and to the knights, citizens, and burgesses, assembled in Parliament / by William Killigrew ; to which is prefix'd the late Honourable Sir James Sheene's letter on the same subject and the proposer's answer.

Benefits arising to the Crown, and to the Nation, by this way of giving Money.

I. BY this means the Crown receives the entire Sums of Money, given by the Parliaments; and the Crown has the Money immediately, without staying till the Taxes come in, or being oblig'd to take up Money, or buy Stores at hard Rates, and paying by uncertain Assignments; so that, part by the raising and collecting the Taxes, part by taking up Money, and buying Goods on Credit; This will save very near one Third Part of what is given by the Nation; besides the great Disappointments our Kings have met with by Delays, and the Nation also; who expect from the Crown the same thing, as if the Crown had the whole Sums given, and in due time.

II. The Crown will buy all Stores, at least, 20 per Cent. cheaper than usually; for Men will prefer these Bonds before any Assignments, or Money it self; because these Bonds will increase in their Coffers, and are not lyable to a Postpone.

For the Crown may as easily 〈◊〉〈◊〉 back the Money paid out •••• the Exchecquer, as stop what is given out for Money, and made currant by a Law; besides, these Bonds will be in the Hands and Possession of the People.

III. This Currant Credit will do the duty of Gold and Sil∣ver; and is the same thing in all respects, as so much Money, Imported and Distributed, and added to the general Stock of the Nation; which will increase our Trade proportionably, as the Crown will soon find, by the Increase of the Revenue; for we have not Seven Millions in Money, to support our Trade, and Consumption; and by adding Two or more Millions of this currant Credit, we add proportionably to our Trade and Consumption.

IV. These Bonds will produce a double Gain to the Na∣tion; first, by drawing out the Money, which lies dead for want of Security; secondly, Men will Trade with these Bonds, or draw the Interest, which makes the Bonds daily of more Value, altho' they lie dead in their Coffers.

V. Our poorer sort of People may improve their small Ta∣lents, without the Expences of Scriveners, Brokers, and the like, who daily make a Prey of them, and often let their Mo∣ney lye dead, and take not always good Security: But, by this Method, Men may put their Money to a secure Interest, and without Charges, and have their Money still in their own keeping, ready to make a new Advantage by it; which they cannot do by our usual ways, nor be secured, that they shall have their Money or Interest, when it is due.

This Paragraph ought to be well consider'd; It shews great Advantages.

VI. This undeniable Security will bring Bullion from a∣broad, as Holland, and other Places, where they draw but 4 per Cent. and it will disperse our own Money, which now lyes dead, for want of Security, and make it more free and common amongst us.

VII. Our Retailers, into whose Hands paseth the greatest part of our currant Cash, will Change or Buy these Bonds, as soon as they have but 5 or 10 l. in their Shops; for they let such Sums lie by them, till they have a Stock, either to pay a Debt, or go to Market, which they may as well do with these Bonds; by which they will gain more in the Interest, than their Share of the Tax will come to; therefore they'll pay Taxes with Joy.

VIII. These Bonds (like Money) will pass thro' five or six Hundred Hands in the Year, every Trade gaining 10 l. per Cent. as they must needs do, or they cannot subsist; because most Traders pay 6l. per Cent. for the Money they Trade with. Now, I will suppose these Bonds, the one with the other, pass thro' forty Hands only in a Year, every Trader gaining but 5 l. per Cent. then every 100 l. in these Bonds produce 200 l. per Ann. gains to the Nation, as long as they are standing out. If so, then the Nation may well dispense with the Charges of the Office and Interest, since for 2000000 l. given, the Nation will gain 4000000 l. the first Year, little less the second and third Years: Consider, then, the Advantage accrues to the Nation on the whole, and before all the Bonds are paid off.

IX. I could say much more on every Paragraph, in this Pa∣per, but am loth to be too tedious; besides, this Business re∣quires to be discoursed; and it does not become me to say more, till commanded.

Note, This Nation would soon be weary of paying a yearly Tax, to support a Years War; and it is easier to pay 20 s. a Year, for twenty Years successively, than to pay down 20 l. at once: Now, by this Method, the Taxes will not be felt, al∣tho' they last many Years; and, if requir'd, I could name Taxes, that would scarce be felt.

Thus far, this may be accounted a Cantore, like that of the States-General.