pages 6, 7, and 9.

[48] Page 7. See also page 13.

[49] Pages 12, 13.

[50] Page 17.

[51] Page 6.

[52] "Our merchants suffered by the detention of the galleons, as their
correspondents in Spain were disabled from paying them for their goods
sent to America."--State of the Nation, p. 7.

[53] Pages 12, 13.

[54] Page 6.

[55] Something however has transpired in the quarrels among those
concerned in that transaction. It seems the _good Genius_ of Britain, so
much vaunted by our author, did his duty nobly. Whilst we were gaining
such advantages, the court of France was astonished at our concessions.
"J'ai apporte a Versailles, il est vrai, les Ratifications du Roi
d'Angleterre, _a vostre grand etonnement, et a celui de bien d'autres_.
Je dois cela au bontes du Roi d'Angleterre, a celles de Milord Bute, a
Mons. le Comte de Viry, a Mons. le Duc de Nivernois, et en fin a mon
scavoir faire."--Lettres, &c., du Chev. D'Eon, p. 51.

[56] "The navy bills are not due till six months after they have been
issued; six months also of the seamen's wages by act of Parliament must
be, and in consequence of the rules prescribed by that act, twelve
months' wages generally, and often much more are retained; and there has
been besides at all times a large arrear of pay, which, though kept in
the account, could never be claimed, the persons to whom it was due
having left neither assignees nor representatives. The precise amount of
such sums cannot be ascertained; but they can hardly be reckoned less
than thirteen or fourteen hundred thousand pounds. On 31st Dec, 1754,
when the navy debt was reduced nearly as low as it could be, it still
amounted to 1,296,567_l._ 18_s._ 11-3/4_d._ consisting chiefly of
articles which could not then be discharged; such articles will be
larger now, in proportion to the increase of the establishment; and an
allowance must always be made for them in judging of the state of the
navy debt, though they are not distinguishable in the account. In
providing for that which is payable, the principal object of the
legislature is always to discharge the bills, for they are the greatest
article; they bear an interest of 4 per cent; and, when the quantity of
them is large, they are a heavy incumbrance upon all money transactions"

[57]
Navy L1,450,900
Army 1,268,500
Ordnance 17