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House Declines Petition on Bank and South Sea Affairs
In London, a petition seeking relief for hardships on traders was rejected by the House by 214 to 2. Sir Charles Turner reported resolutions to raise 1,750,009 7 to the Bank of England with annuities, fund repayments to the South Sea Company, and further sinking fund allocations. Also proposed were a 3d per pound levy and reallocations of exchequer funds to cover redeemed annuities, completing the year’s supply of nearly four million pounds.
MENTIONED IN THIS ARTICLE
London
Howe
Charies Turner
Bank of England
South Sea Company
King George I
Gdly
Bank of Eng