advisable, and to establish Colonies for the Good of the Kingdom in general. Or otherwise, Trade and Industry will be discourag'd, and Luxury and Idleness be our Ruin.

The Hollanders are more Political in Trade than we; and they being so near us, and we having with each other so great a Trade, and they so largely in our Stocks, that unless we have an Agio settled, as they have, (that is, that there be a Difference between the Current Cash and the Bank-Money) we shall never preserve our Coin. Nor will Trade ever flourish, or Credit revive, unless a Liberty be given to all Bodies Corporate and Collective to Transfer as usual.

As the Eyes of all are upon the Parliament of Great Britain, greedily expecting a speedy Settlement of South-Sea Stock; how easy is it, and how securely may the House of Commons pass a Vote, That the Losses of the South-Sea Company shall be made good? For at present the Stock is precarious.

And the same may be said, in some Measure, both of the East-India Company, and the Bank: Which strengthens the Reasons against the Government's trusting any more to Corporation Credit.

That Trade cannot easily extend it self in this Kingdom, unless all Corporations are ty'd down from Dividing (I say) more than Common Interest. Persons will never go on to encourage Trade, so long as a Profit can be made by the frequent Rise and Fall of Stocks, the Bane of all Industry.

That unless, I say, a Liberty be given to all Bodies Corporate or Collective, to raise Money to carry on and extend the Trade of this Kingdom, can it be thought that Trade will ever increase? And without Liberty be given to all Bodies Corporate and Collective, to have a Book, wherein every Person may transfer their Properties, such Bodies will be never able to raise Money to carry on a Trade, or extend it.

Before I conclude, I shall enlarge a little concerning the Poor of our Country; who will never be brought to Labour, so long as they are maintain'd by the Parish, and suffer'd to beg about the Country, or in the Streets.

If proper Places were provided, on Navigable Rivers, where Land is reasonable; with good Management, and by the Improvement of those Lands, the Expence of our Poor would not be so great by the one Tenth Part of what it is, and what we now pay towards their Relief. And by such a prudent Management, what an inestimable Benefit would it be to this Nation; not only by easing the Subject from that heavy Burthen or Tax to the Poor, but by the many other Advantages that thereby the Publick will receive, besides the many Hands that may be employ'd to Profit, more than what is necessary to be appointed for their own and their Maintenance?

Such an Advantage would it be to the Nation, as would be better to us than the Mines of Peru and Mexico to the Spanish Monarchy. It would introduce Industry, reduce Idleness and Luxury; encourage and promote the Trade of the Kingdom, increase our Exports, and lessen our Imports; by providing of Hands useful in making all Sorts of Utensils, for Army and Navy, Soldiers and Sailors, that, when their Country have no Service for them, they may return to their Livelihood they were bred to, and by their honest Industry find a Maintenance.

F I N I S.