at the several towns hereafter mentioned. Some of which, though
they are not the capital towns of the counties, yet are more the
centre of trade, which in England runs in veins, like mines of metal
in the earth:

Canterbury. Salisbury. Exeter. Bristol. Worcester. Shrewsbury.
Manchester. Newcastle-upon-Tyne. Leeds, or Halifax, or York.
Warwick or Birmingham. Oxford or Reading. Bedford. Norwich.
Colchester.

Every one of these banks to have a cashier in London, unless they
could all have a general correspondence and credit with the bank
royal.

These banks in their respective counties should be a general staple
and factory for the manufactures of the said county, where every man
that had goods made, might have money at a small interest for
advance, the goods in the meantime being sent forward to market, to
a warehouse for that purpose erected in London, where they should be
disposed of to all the advantages the owner could expect, paying
only 1 per cent. commission. Or if the maker wanted credit in
London either for Spanish wool, cotton, oil, or any goods, while his
goods were in the warehouse of the said bank, his bill should be
paid by the bank to the full value of his goods, or at least within
a small matter. These banks, either by correspondence with each
other, or an order to their cashier in London, might with ease so
pass each other's bills that a man who has cash at Plymouth, and
wants money at Berwick, may transfer his cash at Plymouth to
Newcastle in half-an-hour's time, without either hazard, or charge,
or time, allowing only 0.5 per cent. exchange; and so of all the