Historical Register in London, Middlesex

South Sea Stock Inquiry Details Large Misuse and Names

The report outlines misappropriation involving Charles Stanhope and Sir George Cowal, with Stanhope's name erased from records. It describes large South Sea Stock holdings managed by Willaby and connections to Waller and Weymanfold, plus substantial payments to Waller and others. The Treasury and directors allegedly manipulated money subscriptions, stock lending, and transfers, leaving stock short of targets. The Committee of Secrecy notes mentions of stock held by Parliament members but stops short of naming individuals.