Tables for renewing and purchasing of the leases of cathedral-churches and colleges, according to several rates of interest ... Also tables for renewing and purchasing of lives. With tables for purchasing the leases or houses / [Anon].

  • Mabbut, George, Steward of King's College, Cambridge, -1689.
Date:
1753
Catalogue details

Licence: Public Domain Mark

Credit: Tables for renewing and purchasing of the leases of cathedral-churches and colleges, according to several rates of interest ... Also tables for renewing and purchasing of lives. With tables for purchasing the leases or houses / [Anon]. Source: Wellcome Collection.

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    for 170 Years, or upwards : Whereas the Value of Money has wonderfully decreafed in that Time j and probably it will be more plentiful, and con- fequently lefs valuable, now the Proteftant Suc- ceflion is, I hope, firmly eftabliihed, and we are like to have a fettled Peace, and a flourifhing 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 l. per Cent. for they ordinarly fell a Leafe of 21 Years 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 iome thing under 8 Years Pur- chafe, as may be feen in the firft Column of the Table annexed, which is calculated upon the Sup- pofition of Money being 11 L 11 s. 8 d. i. 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 half’s Value ; as appears from the third Column of the Table, which is calculated upon the Suppo- fition of the Intereft of Money being at 6 1. per Cent. And I do not know any good Reafon that can be affign’d, why Colleges and Churchmen fhould 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 fhould, 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„
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