The best way of Disposing of Hammer'd Money and Plate, as well for the Advantage of the Owners thereof. As for Raising One Million of Money, In (and for the Service of) the Year 1697. By way of a Lottery

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The best way of Disposing of Hammer'd Money and
Plate, as well for the Advantage of the Owners thereof.

As for Raising
One Million of Money,
In (and for the Service of) the Year 1697.
By way of a
LOTTERY.

WHerein the Benefits will be the same,^[1] and as many for once, as were had in the Million Adventure; and the Blanks (being each to be paid Ten Pound in New Money) will also be Prizes, to be paid sooner or later as Chance shall determine; but all to be cleared in One Year.

The Proposal is:

That 100000 Tickets,^[2] Numbred from 1 to 100000, be given out at 10 l. per Ticket, to such as shall Voluntarily bring in their Money before the 24th of Iune, 1697. to make up the Million aforesaid.

That New Mill'd Money,^[3] or Hammered Silver Money, and Plate with the Hall Mark upon't, or otherwise Sterling, shall be taken in, and Received at 6 s. an Ounce for such Tickets.

That a Rebate (as was in the Million Lottery) after the Rate of 14 per Cent. ^[4] be allowed for so many Days as the Money shall be paid in before the 24th of Iune, 1697.

That the Benefits, as well as the Blanks (which, considering the Advantages given to every Adventurer, may well be called Prizes) shall all be paid off in one Year, and in Course, which may thus be ascertain'd, viz. Before the Drawing begins 100 Tickets, Numbred from 1 to 100. signifying the first,^[5] second and third (and so to 100) thousand, shall be put and well mixt in a Glass, and thence Drawn, and such Number as comes first (and so successively) out, shall entitle the Owner of the Benefits and Blanks Comprised in such 1000, to be first paid off and cleared.

And that the not yet paying the Tickets last Michaelmas due in the late Million Adventure.

Nor the fear of its not being Full,^[6] and that thereby the Benefits might come to be any way lessened, may in no sort Discourage the bringing in the Money, and that very quickly into't:

Note, The not paying those Tickets, was not only occasioned by an Undertaking that failed, but by a real Deficience in the Fund that was given, for the first Three Years paying thereof, and the like cannot be supposed can any way happen at all in the Fund herein after proposed for this; and every Adventurer for His or Her Satisfaction, may be pleased to take Notice, that a Duty is Voted already on Leather, to pay off the Tickets in the Million Adventure, and Annuities due, and by which they'll be certainly paid.

And to the other Objection,^[7] Answ. What Number of Tickets of the said 100000 shall not be took out, and paid for by particular Persons, before the 24th of Iune, 1697. may either be paid out as Money, or without any Loss to the Publick (and therefore will) be taken and paid for out of the Money that shall be first Raised from the Duty, to be given for the thus supplying this Million.

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The Duty proposed,^[8] is Four Shillings a Quarter on all Malt that shall be found in the Possession of common Maltsters, Brewers, or any sort of Retailers of Malt, on the 26 of March, 1697. and on all other Malt whatsoever, which shall after be made in that Year; and it being so Charged, 'tis hoped it may Raise within the Year a Million of Money: And if it may so be given for two Years as aforesaid, the First Million may go for the War, and the Remainder for the Civil List, which on this Fund (if so given) may depend on 600000 l. But

If the Malt already made be not Charged, and the Duty given is but to continue One Year, what already is made will hold out the best part of the Year, and People will make but what they needs must, till the Tax ends, if it does so at Lady-day, 1698, and make up their Stores afterwards, and so Defeat much of the Duty, and those possest of the Malt, and not the Publick, will have the four Shillings a Quarter, and yet the People, that spend it, will pay it.

And that its being Rated at Two Pounds and a half per Cent, ^[9] (which I count to be 6 d. per Quarter) as Stock in the Capitation Act, may be no Reason sufficient to hinder its paying this Duty, it may be Enacted, That such Malt as shall so be found made on the 26 of March 1697, instead of Four, may be Rated at Three Shillings only per Quarter; and if it so be Enacted, instead of paying Two and a half per Cent, for such Stock, the Owners thereof will have Two and a half per Cent given them; and so can have no Cause to complain.

The Benefits being 40000 l. will be divided thus;

Now, forasmuch as the Advantage in other Acts, given to such as shall bring Hammered Silver-Money,^[11] and Plate, before the Fourth Day of Novemb. 1697, to His Majesty's Mints, to be Coyn'd, are considerably less than what are in this sort of Adventure proposed.

And that the Tickets, both Benefits and Blanks, are all to be paid in One Year, in Course, as aforesaid, and some of them soon after 'tis drawn; which may be in Iuly 1697, and Fourteen per Cent, 'till that time allowed. And that the Tickets first taken out, may so be contrived, as to be made triable, at the Transfer-Office. in Lombard-street, Gratis, without any more ado, or other Examination at all; and that a Register, how every 1000 Tickets, as well Prizes as Blanks, stand in Course to be paid, may Monthly be Printed, and always there affixed to be seen.

Such Tickets took out,^[12] (if the Fund be so fixed as aforesaid) will be better than Money 'till the 24th of Iune next; and afterwards also, on an easie Rebate, as good to those that desire it; and thereby much increase the Specie of Money, 'till the said Tickets are paid, and therefore ought to be wished; and for the Reasons aforesaid, it can hardly be doubted, but 'twill really do, if so be that it comes to be tried.

Printed Feb. 4. 169$\frac{6}{7}$.

Reprinted, with Amendments, Feb. 20. 169$\frac{6}{7}$

T. N.