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.

A Clause may be added to the Act, Declaring,

That the Office may issue out Bills to any Person, on Lands, Houses, Ground-Rents, Merchants Goods, or any thing that is a good Security, at per Cent. and Redeem the same by Parcels, in equal Sums; the Merchancs paying Warehouse-Room for Bulky Goods, with Money, or Office-Bills, which must be con∣ceal'd.

The Office to be oblig'd to impart no Man's Concerns to any other Person, unless the Party concern'd desire it.

By this; Men will be free from the Charges of Procuration, and Prolongation-Money; and, by redeeming by Parcels, it will be more easie; and a great Help to the Borrowers.

Now, we need not fear too many Bills will be standing out; because, if not necessary, they will not be issued out; and if necessary, the Necessitous ought to be helped; and, as fast as they Redeem, so much of the Office-Bonds will be cancell'd.

Note, This Addition makes this Office different from a Cantore.

And the Act may further declare,

That a distinct Appartment, in this Office, shall be fitted; where all Merchants, and Others, may lodge their Cash, as in the Public, or Private Banks; Provision being made, by the Act, for the Security of such as lodge their Cash there, against any Objections of our Criticks.

And this being under the Security of the Government, Men will not be lyable to such Losses, as has been by Private Banks.

Credit, thus Establish'd, will of necessity make Money more Plentiful, and Common amongst us.

As it is not my Part, to write how much must be raised, or advise how; I shall on'y set down some Things, and the Sums Blank.

	Millions.
Suppose the Debts of the Nation, and Anticipations, that can be paid off, amount to—————
To carry on the War the Year 97.———	——
The Interest, and Charge, comes to———
Then the Taxes must be only double the Interest,—	——

Towards this:

First, The Excise, if set on Malt, it would be easily Col∣lected, and with a third part of the Charges the now Excise is Collected,————
The Customs, according to the old Book of Rates,—
The Window-Tax, as it now is,———
The Land-Tax, if the Excise continue on Beer,——

	Millions.
A Tax on Course Cloth———	A little on each
On Fine Cloth,——
On Stuffs,——
On Silks and Velvets,—
The Salt-Tax———
The Paper-Tax,————

These Taxes, or any other that shall be thought fit, must amount to so much as will pay what is necessary.