on, which shall be
brought to the Association, and that the total amount shall be applied
to the liquidation of the debt _on one chapel_, as shall be then and
there agreed.

Prop. 2. That the chapel whose debt is so paid off shall contribute the
interest of its debt every year, till it amounts to half the sum paid
off, when it shall not be required to pay its interest money, for so I
will call it.

Prop. 3. That, in addition to the interest money of the chapel so paid
off, it shall not contribute less than ten shillings for every L100.
of debt, till the whole of the debts are paid off the chapels in the
county; by which means the deficiency of ten shillings in the pound
will be made up without distressing the churches.

Prop. 4. That any church whose lot it may fall to, at the Association,
to have its debt paid, who shall the next year pay the half of its debt,
shall be considered to have fulfilled its agreement, and shall be liable
only to its small contribution at the rate of ten shillings for every
L100 debt so redeemed.

Prop. 5. That every church whose debt shall be paid off, shall bring
forward sufficient and satisfactory security for the fulfilment of its
contract, which may be done by four or five persons joining together
for that purpose.

EXPLANATION.

Suppose the debt of a chapel which is paid off to be L600; the
responsible agents above referred to shall contribute annually, till it
arrives to L300, half the debt, when they will have fulfilled their
agreement. But they must, from the first payment of interest till all
the chapels are out of debt, contribute ten shillings for every L100
of debt, which sum, with the united exertions of the churches, will
liquidate the other ten shillings in the pound. For instance: Suppose
the churches in one county to be thirty, an annual contribution of three
pounds from each will produce L90; this, added to the interest of the
chapel so cleared, will make L120, to pay off the debt of another
chapel, which shall also contribute to its interests, and small annual
contribution; and so on, till all the churches are out of debt. This
plan is similar to lending money without interest, as the interest paid
clears the principal, and the principal they will only have to pay at
ten shillings in the pound, the small annual contributions making up the
deficiency. A list of the churches and their debts should be placed
every year in the Magazines, with an account of the debts