A proposal to supply the defect of money, and relief to the poor. To his grace, James Duke of Queensberry, his Majesty's high commissioner; and to the most honourable, the three estates of Parliament:

About this Item

Title
A proposal to supply the defect of money, and relief to the poor. To his grace, James Duke of Queensberry, his Majesty's high commissioner; and to the most honourable, the three estates of Parliament:
Author
Armour, James, fl. 1702-1722.
Publication
[Edinburgh? :: s.n.,
1700]
Rights/Permissions

To the extent possible under law, the Text Creation Partnership has waived all copyright and related or neighboring rights to this keyboarded and encoded edition of the work described above, according to the terms of the CC0 1.0 Public Domain Dedication (http://creativecommons.org/publicdomain/zero/1.0/). This waiver does not extend to any page images or other supplementary files associated with this work, which may be protected by copyright or other license restrictions. Please go to http://www.textcreationpartnership.org/ for more information.

Subject terms
Banks and banking -- Scotland
Money -- Scotland
Cite this Item
"A proposal to supply the defect of money, and relief to the poor. To his grace, James Duke of Queensberry, his Majesty's high commissioner; and to the most honourable, the three estates of Parliament:." In the digital collection Early English Books Online 2. https://name.umdl.umich.edu/A75583.0001.001. University of Michigan Library Digital Collections. Accessed May 17, 2024.

Pages

The Method of Distributing the National Bills, in a most Equal and Just way, to the Three Estates of the Nation.

There is given to every Shire and Burgh Royal in the Kingdom, according to the old Extent of Six Hundred Pounds Valuation for each Twenty Shilling thereof, Twelve Thou∣sand Pounds Scots of thir Bills, they giving sufficient Security for the payment of Four per Cent. Interest for Twenty Seven Years; by the payment of which Interest, the Principal Stock is discharged. It is always to be observed, That this Interest must be paid yearly in the National Bills. The Advantage of this, is left to the serious Consideration of the Noble Patrons of the Kingdom.

It is hoped, there will be no need to Illustrate much the following Proposal relating to Trade, being a Matter no less to be considered than the former: And it is well known to the Honourable Members of Parliament, that Trade, by all Wise and well Governed King∣doms and States, is that which they most industriously take Care, not only to Preserve, but Nourish, being the Life and Strength of all Kingdoms. How much would thir National Bills Advance the Trade of this Kingdom, and Relieve it out of its Decays and scarcity of Money, making it plenty to Improve the Product of the Nation? for the want of which, is now Trasported into other Kingdom, to our great Loss, which may be Improven at Home into several Fabricks of Commodities serviceable to ourselves, and profitable Abroad; by

Page 2

which the Poor would be well imploied: So that, by this we may be capable to carry on Trade with our Neighbours, and to encrease our Wealth and Honour in Europe; espe∣cially considering how many Ingenious Spirits there are in the Nation, capable to erect Manufactories and carry on Trade thorow the World, only they want Stocks to put fore∣ward their Genius to the same; and they being a part of the Body Politick, and the only Men to lay out their Stocks to the Nation's greatest Advantage, it is highly reasonable that sufficient Provision be made for them.

Do you have questions about this content? Need to report a problem? Please contact us.