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Royal address endorses South Sea Company plan and public credit
A formal royal response follows a petition from the Grand Jury and local officials praising the Bank of England and the South Sea Company. They pledge loyalty while urging Parliament to consider relief for the two million pound obligation and affirm the government’s commitment to public funds, faith, and property. The exchange emphasizes unity against disaffection and supports converting capital into redeemable annuities.
MENTIONED IN THIS ARTICLE
Bank of England
South-Sea Company