The Corporation of the Governors and Company of Merchants, Trading to the South Seas and other Parts of America, and for Encouraging the Fishery, having on the 27th January last presented their Humble Proposal to this Honourable House, for Enlarging the Capital Stock of the said Company, by taking thereinto the several Annuities and Publick Debts therein Mentioned, on the Terms and Conditions in the said Proposal also Mentioned, in which Proposal such Advantages were offer'd to the Publick, as the said Corporation did humbly hope would have been to the entire Satisfaction of this Honourable House, and most conducive to the certain Discharging and Paying off the whole Debt of the Nation, and to which Proposal they humbly crave Leave to refer. But the Governors and Company of the Bank of England having the same day also delivered a Proposal to this Honourable House, for enlarging their Capital Stock, by taking in the same Annuities and Debts on the Terms and Conditions in their Proposal also mentioned. This Corporation therefore further, to manifest their Zeal and Earnest desire to Contribute their utmost to the reducing and paying off the Publick Debts, crave leave to offer the following Explanations and Amendments to their said Proposal. I. As to the sixth Article of their said former Proposal, wherein they have humbly desir'd to be Allowed for Charges of Management, for their to be increased Capital, so much as it now costs the Government for the Charges of Paying, Assigning and Accounting for the said Debts, or such Proportion thereof, as the Sum which shall be taken in by the Company, shall bear to the whole of those Debts. They now offer by way of Explanation of that Article, that the Allowances therein Mentioned, are not to exceed a Proportion to the Allowance they now have by Act of Parliament on their present Capital for that purpose. II. That whereas, in their seventh Article of their said Proposal it is Mentioned that the Annuities for the Company's present, and to be increased Capital, be continued at the Rates therein Mentioned till Midsummer, 1727. And that from and after that time their then Annuity on their whole Capital, shall be actually reduced to £4 per Cent. per Ann. and likewise be from thenceforth redeemable by Parliament. They do humbly offer that if this Honourable House do think it more for the Interest of the Publick, that in lieu of the said seventh Article, all the Sums to be taken into the Company's Capital, in pursuance of their proposal, shall be redeemable by Parliament, from and after Midsummer 1724, in Sums not less than £500,000 at a time they do consent thereto. III. And whereas by the tenth Article of their said former Proposal, they offer'd for the Liberty of Increasing their Capital Stock, as is therein aforesaid; that they would give and pay into his Majesty's Exchequer, for the Service of the Publick, the sum of £3,500,000.