Tables for renewing and purchasing of the leases of cathedral-churches and colleges : according to several rates of interest; with their construction and use explain'd. Also tables for renewing and purchasing of lives. With tables for purchasing the leases of land or houses.
- Mabbut, George
- Date:
- 1735
Licence: Public Domain Mark
Credit: Tables for renewing and purchasing of the leases of cathedral-churches and colleges : according to several rates of interest; with their construction and use explain'd. Also tables for renewing and purchasing of lives. With tables for purchasing the leases of land or houses. Source: Wellcome Collection.
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![[ S6 ] 11 or i2 t. per Cent. but have taken the fit me Rates for 170 Years, or upwards : Whereas the Value of Money has wonderfully decreafed in that Time 5 and probably it will be more plentiful, and con- fequently lefs valuable, now the Proteftant Suo ceffion is, I hope, firmly eftablifihed, and we are like to have a fettled Peace, and a fiourifhing Trade. Indeed, the Lefiees or Tenants of fuch Eftates have fet their Landlords an Example of valuing their Eftates, as if Money was at 6 /. per Cent. for they ordinarly fell a Leafe of 21 Y^ears for 12 Years Purchafe ; whereas Churches and Colleges who take but 1 Year’s Value for 7 Years expir’d In a Leafe of 21, do, in Proportion, reckon the total Value to be lbmething under 8 Years Pur- chafe, as may be feen in the firft Column of the Table annexed, which is calculated upon the Sup- poiltion of Money being 11 1. 11 s. 8 d. 5. per Cent. Now, according to the Proportion of 12 Years Purchafe, or total Value, the renewing of 7 Years laps’d in fuch a Leafe, is worth near 2 Years and a halPs Value ; as appears from the third Column of the 7h£/<?, which is calculated upon the Suppo- lition of the Intereft of Money being at 6 /. per Cent. And I do not know any good Reafon that can be affign’d, why Colleges and Churchmen ihould not put the fame Value on their Eftates as other Men do, proportionably to the Intereft: they have in them. Not that I know that any Church or College defigns to come up to this Rule : I only obferve, that if they fhouid, their Tenants could not juftly accufe them of hard Ufage, feeing they would treat them by the fame Proportion, as they treat with one another, and put no other Value on their Eftates than they have taught them to do.](https://iiif.wellcomecollection.org/image/b30779352_0054.jp2/full/800%2C/0/default.jpg)
