THE ORIGINAL NATIONAL DEBT FRANKLAND (Sir Thomas, c. 1665-1726, M.P., Commissioner of the Exchequer, 1689, Joint Postmaster General, 1690-1715, Commissioner of the Customs 1715-1718, 2nd Bart.)

Fine Receipt Document Signed as "ass[ignee] of the Earl of Falconbridge [Fauconberg]" (his mother's brother Thomas Belasyse, 1628-1700, 1st Earl), to James Vernon, Teller of the Exchequer, for £14, being 3 months' Annuity due at "Midsomer last past", on £400 advanced to the Exchequer on 25th September 1693, printed with MS additions, 1 side 12¼" x 7¾", the receipt 24th July

The 14% Annuities were to be paid out of duties on "beer, ale and other liquors". Marginal notes show that the £400 was subscribed as four entries of £100 each, entered under numbers 4770 and 4772-4. Contributions up to £1,000,000 were invited by 1st May 1693 (see 4 William & Mary, 1692, c. 3), to be repaid during the single life of the contributor or his nominee at 10% p.a. till 1700, thereafter at 7%. But the same act provided that if the £1,000,000 were undersubscribed, additional contributions at 14% on single lives could be accepted up till Michaelmas, 29th September 1693, and many held out for this better offer.
Sir Thomas also inherited his uncle's estate at Chiswick.

Item Date:  1707

Stock No:  51648      £625

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