£ s. d. If 100,000 persons subscribe, they pay 2,500 0 0 down at their entering each 6d., which is And the first year’s payment is in stock 20,000 0 0 at 1s. per quarter It must be allowed that under three 175 0 0 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, which, lent to the king on some good fund at £7 per cent. interest, advances the first year The quarterage of the second year, 19,800 0 0 abating for 1,000 claims And the interest of the first year’s 1,774 10 0 money at the end of the second year, lent to the king, as aforesaid, at 7 per cent. interest, is The quarterage of the third year, 19,400 0 0 abating for claims The interest of former cash to the end 3,284 8 0 of the third year Income of three years £66,933 18 0 _Note_.—Any persons may pay 2s. up to 5s. quarterly, if they please, and upon a claim will be allowed in proportion. To assign what shall be the charge upon this, where contingency has so great a share, is not to be done; but by way of political arithmetic a probable guess may be made. It is to be noted that the pensions I propose to be paid to persons claiming by the third, fifth, and sixth articles are thus: every person who paid 1s. quarterly shall receive 12d. weekly, and so in proportion every 12d. paid quarterly by any one person to receive so many shillings weekly, if they come to claim a pension. The first year no claim is allowed; so the bank has in stock completely £22,500. From thence we are to consider the number of claims. Sir William Petty, in his “Political Arithmetic,” supposes not above one in forty to die per annum out of the whole number of people; and I can by no means allow that the circumstances of our claims will be as frequent as death, for these reasons: 1. Our subscriptions respect all persons grown and in the prime of their age; past the first, and providing against the last, part of danger (Sir William’s account including children and old people, which always make up one-third of the bills of mortality). 2. Our claims will fall thin at first for several years; and let but the money increase for ten years, as it does in the account for three years, it would be almost sufficient to maintain the whole number.