_Let these Commissioners be the most Substantial Gentlemen or Citizens in the most Popular Towns and Cities in_ England, _giving in sufficient Security to the Government for Performance of Their Trust_.
_At the Day appointed let the Money be brought to the Commissioners Houses in Hundred-pound Baggs, and there open’d and weigh’d, and then seal’d up with the Proprietor’s Seal, in the presence of the said Commissioner, Entering down in a Register every man’s Name in one Column, the Weight of the Money in another Column, and the Interest it amounts to in a third._
_Let none be Receiv’d after Twelve of the Clock at Noon, and none Re-delivered till One of the Clock, to prevent Frauds in bringing the same Money twice for the same Interest._
_Then, in the Afternoon, let every man’s proper and individual_ Money, _Seal’d up as aforesaid, and Weighed again in the sight of the Proprietor, be deliver’d, with the_ Interest _due for it_.
_For which One Days Trouble in a Year, I do suppose, the Government may allow the Commissioners Twenty Pound a man; which amounting to Six thousand Pounds_ per Annum, _for all the Commissioners of_ _ENGLAND_, _and suppose Three of the Five millions, whereas I supposed at first_ 2500000 _l. only to demand Interest, it will amount to but Thirty thousand Pounds_ per Annum, _and this Six thousand Pounds_ per Annum _for the Commissioners added, makes but Six and thirty thousand Pounds_ per Annum.
_Now, whereas a Land-Tax of Four Shillings in the Pound amounts to_ 2000000 _l. a Tax of a Penny in the Pound amounts to_ 41666 _l._ 13 _s._ 4 _d. so that_ 5666 _l._ 13 _s._ 4 _d._ per Annum _Remains_.
_Allow the Commissioners then Thirty Pounds apiece, and there remains_ 2666 _l._ 13 _s._ 4 _d. for a Superintendant, Auditors, Registers, Register-Books, and other incident Charges; and the whole matter is brought within a Tax of a Penny in the Pound_, q. e. d.
Now, as to the Hoarded Money, the Mill’d and Hammered Money of Full Weight, I humbly am of the Opinion, That no Notice at all be taken of it by the Government; and my Reasons are: That it will have an uncertain Value, according to Peoples Opinion; and, that Uncertainty of Estimation, as well as the Intrinsick Value, will cause it, without any Edict or Precept, to be melted down.