The Propositions.
I That two Millions and an halfe of those Acres may be assigned, allotted, and divided amongst them after this proportion, viz.
For each adventure of
- 200 li. 1000 Acres in Ulster.
- 300 li. 1000 Acres in Conaght.
- 450 li. 1000 Acres in Munster.
- 600 li. 1000 Acres in Leinster.
All according to the English measure, and consisting of Meadow, Arrable, and profitable Pasture, the Bogs, Woods, and barren Mountaines be∣ing cast in over and above. These two Millions and a halfe of Acres to be holden in free and common Soccage of the King▪ as of his Castle of Doublin.
II. That out of these two Millions and an halfe of Acres, a constant rent shall be reserved to the Crowne of England, after this proportion, viz
Out of each Acre thereof in
- Ulster 1d—
- Conaght 1d—ob
- Munster 2d—{que}
- Leinster. 3d—
Whereby His Majesties Revenue out of those Lands will be much improved, besides the advantages that He will have by the comming to his ands of all other the Lands of the Rebels, and their personall estates, without any charge unto his Majesty.
III That for the erecting of Mannors, setling of Waste and Commons, maintaining of Preaching Ministers, creating of Corporations, and re∣gulating of the severall Plantations, one or more Commissions be hereafter granted by Authority of Parliament.
IV. That Monies for this great occasion may be the more speedily advanced, All the Undertakers in the City of London, and within twenty Miles distrant thereof, shall under-write their severall sums before the twentieth day of March, 1641. and all within sixty miles of London, before the first day of April, 1642, And the rest of the Kingdom before the first day of May, 1642.
V. That the severall sums to be under-written, shall be paid in at four payments, viz. one fourth part within ten dayes after such under-wri∣ting; and the other three parts at three Moneths, three Moneths, and three Moneths: all to be paid into the Chamber of London.
VI. That for the better securing of the said severall sums accordingly, every one that doth so under-write, shall at the time of his subscription pay down the twentieth part of the totall sum that shall be by him then under-written.
And in case that the residue of his first fourth part be not paid in to such person or persons as shall be appointed to receive the same within the ten dayes before limited, then such party shall not onely forfeit the twentieth part of the sum totall formerly deposited, but so much more of his first fourth payment to be added thereunto, as shall make up the one moity of the said first payment. And if the same person shall fail in any other of the three payments, he shall then forfeit his entire first fourth part, and all the benefit of his subscription; which forfeiture shall accrue to the com∣mon benefit of the rest of the undertakers.