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Parliament Debates Tax and East India Debt Relief Efforts
The House debated a tax bill to fund salaries wages and pensions from the Crown. Petitions urged discharge of 300000 pounds from London insurance and Royal Exchange insurance funds. The Marlborough Pension was debated, then a tax clause for creditors’ relief passed the third reading and moved to the Lords. A petition from Redeemable Debt proprietors urged the King for mercy over South Sea subscriptions, prompting a royal reply.
MENTIONED IN THIS ARTICLE
London
Royal Exchange
Grand Committee
Duke of Marlborough
Commons
Thomas Abney
Gilbert Heathcote
South-Sea Company
Jesty
Justice Fuller
Viscount Townshend