South Sea Directors’ Loans Probed by Committee
Richard Steele and Mr. Lawson faced questions over large loans made by the South Sea Company to its stock and subscriptions. The committee adjourned to demand detailed accounts of nine million three hundred thousand six hundred sixty eight pounds and two million two hundred twenty eight thousand eighty nine pounds, including recipients, dates, securities, and repayments. The record also notes authority to lend and December church services in Westminster.