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the lender of the money will gain, befides the common intereft for the loan, a clear profit of above 100 per cent. to make him amends for the hazard of the man's dying before the work is performed, which is furely an ample confideration for insurance of life and rifque.

Alfo as a further means of raifing money for the ufe of the fettlers, it is propofed (if a majority of them, any number above 300, shall in a regular council refolve that they will impower their elected town clerk of the principal fettlement, or public bank, to give receipts or acknowledgements in the name of the comunity for the following purpose) that a share, or fhares of land may be laid out and cultivated, under the direction of the public Bank, as above propofed, for the benefit of every person who fhall advance for the common, or public ufe of the fettlement,

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the fum of 281. for each share of cultivation, liable to the deductions above propofed; and that fuch due proportions of the common land fhall be laid out and registered in the names of the perfons pur chafing the faid shares; yet not to be registered as freehold, but only as shares for cultivation by the public Bank, unless the holders of the shares fhall go perfon to the fettlement; in which case they shall have their choice of all the thares registered in their own names: that each person, when arrived in the fettlement, may felect one fhare, the most eligible, to be registered as his freehold lot; and the other fhares thall continue to be cultivated by the public Bank, as mortgaged public land, for the benefit of the holders of the shares, whether absent or prefent, until the prin→ cipal fum advanced for each share, shall be repaid or withdrawn.

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That for the better cultivation of the public lots, and alfo for the better cultivation of the lots of absentees, and holders

of fhares, by the labour expreffed in the indents paid by them into the public Bank of the fettlement, the trustees and officers of the faid Bank, for the time being, shall cause the said lands to be previously furveyed (before the labourers are fet to work) by proper judges of cultivation (and at the expence of a part of the labour) that the most advantageous mode of clearing and tillage, may be preconcerted for each lot or fhare, and the number of men neceffary to be fent out at once, with proper inftructors or foremen to advife and direct them in the work; by which means, inftead of 100 days labour of one man, day by day in fucceffion, the public Bank can afford to apply the infinitely more effectual labour of 100 men in one day; for which advantage

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in culture, if defired, the abfentees fhould
make an adequate allowance to the pub-
lic revenue, by a deduction of 5 per
cent. (or whatever it may be deemed
worth) from the neat amount of the
produce. And on the other hand, all
fettlers who fhall have figned indentures
for labour, and fhall find it inconvenient,
at firft, to fulfil them within the limited
time, may give additional indents to the
public Banks for refpite or delay, at the
rate of five days for every hundred days
work poftponed for one year, and a fur-
ther allowance of
per cent to insure

their own lives, for the additional time
which they gain by the delay. By this
means the public revenue may be great y
increased, the indented labourers will be
relieved, and will gain time and opportu-
nity to thrive in their own lots; and the
absent proprietors may obtain a much
more advantageous cultivation of their

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hereafter be defirous to go over and eftablish himself in the fettlement, and in the mean time he will obtain an ample profit for his rifque in advancing the money.

It is also proposed as a means of ftrengthening the new fociety for common defence, to admit as proprietors and equal sharers, all Europeans (being Proteftants) that fhall land in the settlement within 12 months from the first establishment of it, on the fame terms as the first fettlers, provided they will faithfully promise to conform to all the established regulations, to incorporate themfelves into Dozens, Hundreds, &c. and to be bound by the refolutions of the majority in the common council of the fettlement, in which, of course, they will be entitled to an equal voice. That all fuch European fettlers as arrive there within fix months after the first year, fhall

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