Principle One: The Old Testament text was preserved by the Old Testament priesthood and the scribes and scholars that grouped themselves around that priesthood.
Principle Two: When Christ died upon the cross, the Old Testament priesthood was abolished. In the New Testament dispensation every believer is a priest under Christ the great High Priest. Hence the New Testament text has been preserved by the universal priesthood of believers, by faithful Christians in every walk of life.
Principle Three: The Traditional Text, found in the vast majority of the Greek New Testament manuscripts, is the True Text because it represents the God-guided usage of this universal priesthood of believers.
Principle Four: The first printed text of the Greek New Testament represents a forward step in the providential preservation of the New Testament. In it the few errors of any consequence occurring in the Traditional Greek Text were corrected by the providence of God operating through the usage of the Latin-speaking Church of Western Europe. In other words, the editors and printers who produced this first printed Greek New Testament text were providentially guided by the usage of the Latin-speaking Church to follow the Latin Vulgate in those few places in which the Latin Church usage rather than the Greek Church usage had preserved the genuine reading.
Principle Five: Through the usage of Bible-believing Protestants God placed the stamp of His approval on this first printed text, and it became the Textus Receptus (Received Text). It is the printed form of the Traditional Text found in the vast majority of the Greek New Testament manuscripts.
Principle Six: The King James (Authorized) Version is an accurate translation of the Textus Receptus. On it God has placed the stamp of His approval through the long continued usage of English-speaking believers. Hence it should be used and defended today by Bible-believing Christians.
Edward F. Hills, The King James Version Defended