Public Credit Scheme Debated in House of Commons
The debate centers on a plan to restore public credit after the South Sea turmoil. Walpole defends opposing the scheme’s origin yet supports its use to avert further distress. A motion to consider the state of the kingdom’s credit is agreed, with further actions on South Sea Directors and related figures postponed to April 27. Petitions from Hereford York Leeds Canterbury and Birmingham urge swift, exemplary justice.