ortation of _Iron_, _Hemp_,
_Pitch_ and _Tar_, from our own _Plantations_, the Export of a great
deal of our _Bullion_ would be sav'd, our _Colonies_ encourag'd, and we
should be then able to supply the _Dutch_, _French_, _Spaniard_,
_Italian_ and _Portugueze_ with Iron, and bring in Two Hundred Thousand
Pounds _per Ann._ Balance of Trade.

If the _South-Sea_ Company would trade to our own Islands, _viz._ the
_Bahama_, and to _Carolina_; that Trade alone would bring them in Five
Hundred Thousand Pounds _per Ann._ and with a small Expence, if well
manag'd.

A
PROPOSAL

To Restore _Publick Credit_, and Pay
the _Nation's_ DEBTS.

I. _That the =South-Sea= Company be put in =Statu quo=; and if the
Estates of the late =Directors=, their Aiders and Abettors
will not do it, the =Government= to make up what is wanting._

II. _That the =Subscriptions= at =Three Hundred=, =Four Hundred=,
=Eight Hundred=, and a =Thousand=, be all paid into the
=Exchequer= at =Two Hundred=, and there to have a Credit for
=One Hundred=; for which the =Government= is to pay Ten =per
Cent.= until the =One Hundred= shall be paid off: And that those
who have not paid full =Two Hundred=, do make up that Sum within
the Time limited by the late =Directors=._

III. _That a Proper Place in =London= be appointed to keep a =Book=,
wherein each Person may be made =Debtor= and =Creditor=; and a
Duplicate of such =Book= to remain in the =Exchequer=. And that
there may be a =Book=, wherein every Person may =transfer= their
Property._

IV. _The Debt of =Seven Millions, Five Hundred Thousand Pounds=,
being forgiven the =South-Sea= Company, and they put in =Statu
quo= by the =Government=; the =Nation= will stand =Debtor= and
=Creditor= as followeth:_ Viz.

NATION Debtor.

_To =South-Sea= Company_, 11,746,384
_To Money-Subscribers_, 20,004,000
_To Redeemable Debts_, 13,886,486
_To Unredeemable Debts_, 12,070,343
_To Interest_, __________

NATION Creditor.

_By a Moiety of the Money-Subscribers_, 10,002,000
_By =Ditto= Redeemable