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Financial measures in the Lords and Commons on coal duties and taxes
The Lords of the Treasury read a proposal allowing the Bank to advance 1,750,000 for 70,000 per year in coal duty annuities at 4 percent, with redemption by Parliament and sale rights. The sinking fund aimed to pay 1,000,000 at the Bank. The Commons approved actions on loan principal, church building funds, South Sea annuities, and exchequer bills related to Acts of George I, with further progress on the Ma't-Tax Bill.
MENTIONED IN THIS ARTICLE
Commons
George I
South-Sea Company