In addition, the English Parliament had a financial imperative to invade Ireland to confiscate land there in order to repay its creditors. The Parliament had raised loans of £10 million under the Adventurers Act to subdue Ireland since 1642, on the basis that its creditors would be repaid with land confiscated from Irish Catholic rebels. To repay these loans, it would be necessary to conquer Ireland and confiscate such land. The Parliamentarians also had internal political reasons to send forces to Ireland. Army mutinies at Banbury and Bishopsgate in April and May 1649 were unsettling the New Model Army, and the soldiers' demands would probably increase if they were left idle.