1793- on stagnation in busines. 204 
3. That no single person or trading house. fhall 
hold more than 5000]. stock in any one of these 
banks (except the bank of England, who may hold a 
fourth of the capital stock in any of them, if they 
chuse. ) 
This article may be understood chiefly for those 
that fhall be erected south of the Tweed; for as the 
revenue,in Scotland is mostly, if not all, collected to 
Edinburgh, to be transmitted from thence to the’ 
treasurey, if the three charter banks in Edinburgh 
could agree to unite into one, this united bank in Es 
dinburgh might be allowed the same privilege to, 
hold the fourth of the capital stock in all the char- 
ter banks erected in any place in Scotland. 
4. That the first twelve persons who thall sub. 
scribe for a thousand pounds or upwards, {hall act as: 
directors, till the capital stock is filled up, and for 
this purpose may apply for a charter, fix the amount 
_of the capital, and as soon as they have obtained their. 
charter, advertise on what terms they will give. 
stock for the 4 per cents. But the subscription money 
to be lodged either in the bank of England, or bank : 
of Scotland, and to be employed no otherwise but in - 
buying up 4 per cents. till the whole capital contained 
in the charter be filled up. 
5. To prevent the pernicious practice of stockjob- 
_ bing, that no person subscribing to any of these banks, 
fhall be allowed either to sell or transfer any part 
of his stock in the bank, until twelve months after 
the date of the charter; and even after this, all sales 
of these bank’s stock, fhall be by public sale, after 
