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Resolutions on South Sea Debt and Stock Pledges Adopted
The Commons debated the State of Public Credit and approved measures: those who borrowed from the South Sea Company with stock pledged would, upon paying 10 percent, be discharged from further demands, with stock and all profits vested in the company. Similar terms applied to subscribers with subscription receipts. The same day Mr. Broderick updated the House from the Committee of Secrecy on their deliberations.
MENTIONED IN THIS ARTICLE
Commons
Farrer
House
South-Sea Company
South Sea
South Sea Company
Broderick
Committee of Secrecy