On Friday, the 15th, the committee were ready with their report. They had met five times, and had held long debate and consultation on the various matters incident to "so great a business," and on each and all of these they had something to say. As to the financial part of the undertaking they were of opinion that the Common Council should pass an Act for raising a sum of £15,000, and no more, upon the members of the wealthier livery companies, by poll, the inferior companies being spared. The report having been approved by the court a deputation was appointed to wait upon the Privy Council with the City’s answer on the following Sunday (17 December).(106) (M39) When the lords of the council came to consider the City’s proposals they found much to their liking, but the clause which restricted the amount of money to be furnished by the City to £15,000, and no more, was "much distasted" by them, seeing that that sum would scarcely suffice to buy up private interests, let alone the work of plantation. The City’s offer in this respect was therefore rejected, and the Common Council had therefore to increase its offer to £20,000.(107) (M40) Early in the following year (8 Jan., 1610) a committee was appointed, including the four commissioners who had viewed the plantation, to confer with commissioners appointed by the Privy Council as to the best means of carrying out the work. In the meantime the sum of £5,000, or one-fourth part of the £20,000 required, was to be immediately levied on the principal companies according to their corn assessment.(108) Some of the companies complained of the unfairness of assessing them according to the existing corn rate, inasmuch as a great change had taken place since that rate had been made: "Divers companies are decayed and others growne to bee of greater liability, so as particuler men of some companies are now exceedinglie overcharged and others greatelye favoured." It was too late to make any alteration in the payment of the first two instalments, as the plantation was to commence in the summer,(109) but a new assessment for corn was made in July with the view of making the rate more equitable.(110) (M41) On the 28th January (1610) the committee appointed by the court of Common Council came to terms with the Privy Council, and a special agreement was signed by both parties embodying all the essential conditions of the plantation in twenty-seven articles. A period of seven years was allowed the City to make such other reasonable demands as time might show to be needful.(111) (M42)