![FRANKLAND — Fine Receipt Document Signed as ass[ignee] of the Earl of Falconbridge [Fauconberg] | Sophie Dupré Autographs](/stock-images/51648-1.jpg)
Political
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
Item Date: 1707
£625
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Background
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.
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