A. D. 1 7 19. 7* 



was hereby, in fubftance, enabled, * that whereas the nation at prefent 

 ' pays Li 35,000 per annum for 23I- years to come, at chriftmas 1718, 

 ' to the proprietors of that lottery,' 



They were now to have an offer of 1 1 ^ years purchafe in South fea 

 flock, ____->_ Li, 55 2, 500 o o 



And they being i -j year in arrear, they had an of- 

 fer of ftock for the fame, being _ _ _ 168,750 o o 



Total South fea flock propofed to be given, Li,72i,25o o o 



And the government propofing to make, in all, 

 an increafe of L2, 500, 000 to the company's capital,. 

 by that company agreeing to advance the refidue in 

 money for the public fervices, the fame would be 778,750 o o 



L2, 500, 000 o o 



The interefl of which laft fum, at 5 per cent, 

 would be, --_.--_ Li 25,000 o o 



To which add, for charges of management, - 2000 o 



So there remained L80C0 yearly laved, (as they 

 ihen termed it), at ihe difpofal of parliament, which 

 faving they made out to be worth L200,ooo, - 80C0 o 



o 



Lij5,ooo o o 



And as the company's general court in December 171 8 had ordered 

 an increafe of one half per cent to the dividends on their capital for the 

 three fucceeding half years, over and above the 2r per cent for each 

 lialf year, allowed by the public, in order to keep up the old dividend 

 of 6 per cent per annum, the increaled capital of L2,5oo,ooo fliould 

 alfo enjoy that benefit, which for ly year would be L37,5oo. This laft 

 fum was propofed to be deducted out of the above L778,75o. 



Neverthelefs, many proprietors ot the lottery 1710 rcfuled to accept 

 thofe conditions : fo that of the Li35,ooo, there was only fubfcribed 

 into the Souih-fea company, - _ _ I'94>329 12 o 



Which, at i2|- years purchafe, made in capital 

 flock, -__---_ 1,202,702 8 o 



And, in that proportion, the company was oblig- 

 ed to advance only - _ _ — - 544,142 O 10. 



So the total capital added to the company, by this 

 fcheme, was but - . _ _ - Li, 746,844 8 jc 



