An Essay Upon Projects by Daniel Defoe

Author:Daniel Defoe [Defoe, Daniel]
Language: eng
Format: epub
Tags: Great Britain -- Social conditions, Economics, Finance -- Great Britain
Published: 2003-05-01T04:00:00+00:00

{ To ten committee-men, }

{ 5s. each sitting, }

{ twice per week }

One-third { is 260 }

to incident{ To a clerk of }

charges, { committees 50 }

such as { To a messenger 40 } 560 15 7

{ A house for the office 40 }

{ A house for the }

{ hospital 100 }

{ Contingencies 70 }

15s. 7d. ==============

1,666 3 4

All the charge being thus paid out of such a trifle as ld. per quarter, the next consideration is to examine what the incomes of this subscription may be, and in time what may be the demands upon it.

Pounds s. d.

If 100,000 persons subscribe, they

pay down at their entering each

6d., which is 2,500 0 0

And the first year's payment is in

stock at 1s. per quarter 20,000 0 0

It must be allowed that under three

months the subscriptions will not

be well complete; so the payment

of quarterage shall not begin but

from the day after the books are

full, or shut up; and from thence

one year is to pass before any

claim can be made; and the money

coming in at separate times, I

suppose no improvement upon it for

the first year, except of the

2,500 pounds, which, lent to the king

on some good fund at 7 pounds per cent.

interest, advances the first year 175 0 0

The quarterage of the second year,

abating for 1,000 claims 19,800 0 0

And the interest of the first year's

money at the end of the second year,

lent to the king, as aforesaid, at

7 per cent. interest, is 1,774 10 0

The quarterage of the third year, abating

for claims 19,400 0 0

The interest of former cash to the end of

the third year 3,284 8 0

==============

Income of three years 66,933 18 0

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.