Fourthly, a liberty to ask charities and benevolences to the work.
3. To the question, _How this money shall be raised_. I think if the Parliament settle the tax on the county for eight years at £30,000 per annum, no man need ask how it shall be raised . . . It will be easy enough to raise the money; and no parish can grudge to pay a little larger rate for such a term, on condition never to be taxed for the highways any more.
Eight years’ assessment at £30,000 per annum is enough to afford to borrow the money by way of anticipation, if need be; the fund being secured by Parliament, and appropriated to that use and no other.
4. As to _What security for performance_.
The lands which are inclosed may be appropriated by the same Act of Parliament to the bank and undertakers, upon condition of performance, and to be forfeit to the use of the several parishes to which they belong, in case upon presentation by the grand juries, and reasonable time given, any part of the roads in such and such parishes be not kept and maintained in that posture they are proposed to be. Now the lands thus settled are an eternal security to the country for the keeping the roads in repair; because, they will always be of so much value over the needful charge as will make it worth while to the undertakers to preserve their title to them; and the tenure of them being so precarious as to be liable to forfeiture on default, they will always be careful to uphold the causeways.
Lastly, _What profit to the undertakers_. For we must allow them to gain, and that considerably, or no man would undertake such a work.
To this I propose: first, during the work, allow them out of the stock £3,000 per annum for management.
After the work is finished, so much of the £5,000 per annum as can be saved, and the roads kept in good repair, let be their own; and if the lands secured be not of the value of £5,000 a year, let so much of the eight years’ tax be set apart as may purchase land to make them up; if they come to more, let the benefit be to the adventurers.
It may be objected here that a tax of £30,000 for eight years will come in as fast as it can well be laid out, and so no anticipations will be requisite; for the whole work proposed cannot be probably finished in less time; and, if so,