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next, and the 22d of December next, ment as shall be next after the respective each of these fix payments to be 15 per appointments of their nominees: and cent. of the sum subscribed, thall be in the annuities for certain terms of years, Eitled, for the lives of their nominees, at what time soever the contributors shall do such annuities as are herein after par- make their option to accept fuch annai. ticularly specified: fach annuities for ties, fhall commence from the 5th of lives to be divided into five claffes; and July 1757, and be paid half-yearly as to consist of the respective annuities for aforesaid : And that all contributors every 120 l. contributed, for the lives paying the whole or any part of their of nominees of the respective ages, with contributions previous to the days ap. the benefit of survivorship upon the death pointed, shall be intitled to an allowance of nominees of the fame class for the re. after the rate of 31. per cent. 'per annum,
pective terms, after specified ; that is to from the time of such previous payment fay, after the expiration of the term spe. to the respective times on which such cified for each class, the contributors of payments are directed to be made : And that class shall continue to enjoy the be- that all the several sums before mention. nefit of their accumulated annuities du- tioned which shall be contributed as aring the lives of their respective nomi- foresaid, thall, by the cashiers of the zees, but no further benefit by the death bank, be paid into the receipt of the of any nominee which shall happen af. exchequer, to be applied from time to ter the expiration of that term; the first time to such services as fhall then have class to consist of annuities of 4 1. for been voted by this house in this session, the lives of nominees of any age, with and not otherwise: the benefit of survivorship for 60 years; : On the 21st of March resolutions were the fecond class to consist of annuities of agreed to, for raising the several duties 41. 5 s. for the lives of nominees above on stamps, advertisements, coals exportthe age of 20 years, with the benefit of ed, &c. which were afterwards impoLurvivorship for 50 years; the third class sed by the act for that purpose (301.), to confilt of annuities of 41. 10 s. for and for charging the aforementioned the lives of nominees above the age of annuities upon the said duties; and by 39. years, with the benefit of survivor- an order of the 23d the gentlemen ap. Ship for 43 1 years; the fourth class to pointed to prepare and bring in a bill consist of annuities of 4 1. 15 s. for the pursuant to these resolutions of March lives of nominees above the age of 40 14. & 21. were instructed to prepare, years, with the benefit of survivorship and insert in the bill, a clause, directing, for 381 years ; and the fifth class to con- that the aforementioned annuities of 4 Sil of annuities of 5 1. for the lives of per cent. for the term certain of 66 years, nominees above the age of 50 years, with should be transferable at the bank with: the benefit of survivorship for 35 years: out fee or reward. But that such contributors, as, instead of But it would seem that the terms ofannuities for lives, fall chuse to accept fered by the resolution of March 14. anpuities for terms of years certain, fhall were not liked by the moneyed men; be intitled, at their option, to any of for bat a small sum was subscribed with the following annuities, after the rates in the time limited : therefore the Com: of intereft per cent, after mentioned, viz. mons ordered, April 20. that the cash. of 4.le for 66 years, 4 1. 5 s. for 54 iers of the bank should forthwith lay be. years, 4 1. 10 s. for 46. years, 41.155. fore them an account of the subscriptions for 41 years, and 5 l. for 36 years: made pursuant to that resolution. This The annuities for lives to be paid half. account was presented next day, and yearly, on the 5th of January and 5th of was referred to the ways and means July every year; the fisit half-yearly committee on the 27ih; who the same payment to be made on the 15th of Janie day came to two resolutions, which ary 178, if they call before that time were reported and agreed to on the 28th, have appointed their nominees, or upon vis. duch of the fi3 hall yearly days of pay.
1. That so much of the sum of diffent thereunto, shall, upon their com2,500,000 1, intended to be raised by pliance with the terms herein mentionannuities for lives, with the benefit of ed, for every cool. fo by them already furvivorship, or for terms of years cer- fabscribed, be intitled to the faid fevetain, as hath not been fubseribed for ral annoities of 31. and al. 2 $. 6 d.;. within the time limited by the resolution in which case the fum fo by them al. of March 14. amounting to 2,186,9001. ready advanced fhall be deemed part of be raised by annuities after the rate of their contributions for the purchase of 31. per cent. per annum, transferable at the annuities hereby proposed : And the bank of England, and redeemable that the fums fo contributed be paid by by parliament; the said annuities to be the cashiers' of the bank into the receipt paid by half-yearly payments on the 5th of the exchequer, to be applied, from of January and sth of July every year, time to time, to such services as fhall the first payment to be made on the 5th then have been voted by this house in of January 1758; and that each con- this feflion, and not otherwise. tributor to the faid fum of 2,186,900 l. 2. That there be raised by like an. fhall, for every 100l. contributed, be nuities, upon the fame terms and conalso intitled to an annuity for life of 11. ditions, and charged upon the famè 2 s. 6 d. to be paid in like manner by fund, with the like collateral security, half-yearly payments, and the first pay the further sum of 500,000 1. ment to be made on the 5th of January On the 10th of May it was ordered, 1758, if such contributors respectively that the chief cashier of the bank should fhall, on or before that time, have ap- lay before the houfe, an account of the pointed their nominees, or upon such amount of the subscriptions taken in, of the said half-yearly days of payment pursuant to these resolutions. Which as shall be next after the respective ap. account being laid before them on the pointments of their nominees; the said 12th, and it appearing that the whole respective annuities to be charged upon fum was fubfcribed for, the bringing in the fund resolved to be established for a bill pursuant to the resolutions of payment of the annuities mentioned in March 14. & 21. was discharged, and the resolution of March 14. for which a bill was ordered to be brought in pura the finking fund shall be a collateral fe fuant to chefe resolutions of April 28. curity; and that all such contributors We shall now shew how fome of the fhall, on or before the 4th of May next, grants were occafioned, and add a rew make a deposit with the cashiers of the mark upon one or two of the money-bills, bank, of 15 l. for every 1001. which The grants for the pay of foreign they shall chufe to contribute, and shall troops were founded on the proceedings make the future payments on or before of the former session, particularly the the times after limited, viz. the 4th of approbation of the treaty with HeffeJune next, the 7th of July next, the 18th Caffel [xviii. 481.], and the address of August next, the 21st of September for bringing over the Hanover troops next, the roth of November next, and [xviii. 144. 482, 3.). These articles ao the 22d of December next, the first of mount in whole to 375,0561. 45. 41 d. these fix payments to be 10 per cent. and [444.), besides the expence of transporteach of the other five 15 per cent. And ing those troops hither, and sending them that all persons who have already sub. back again after our invasion-panic had fcribed pursuant to the resolution of fubfided. March 14. and who, instead of the an The first resolution of Jan. 17. art. 23. nuities therein mentioned, shall chuse was occafioned thus. It was ordered to accept the annuities proposed by this by the Commons, Dec. 21. that the resolution, and who, on or before the governors and guardians of the foundsaid 4th of May, fhall, in books to be ling. hofpital should lay before the house, opened at the bank for that purpose, ex an account how the money granted in press their consent, or not express their the preceding session, towards enabling Vol. XIX.
them to receive all children, under a cere measure was, to form such a confedera.
to be appointed by them, who cy upon the continent of Europe, as, should be brought to the hospital, from with such assistance as we could spare to June 1. to Dec. 1. 1756, [xviii. 299. give them, might be able to prevent its 436, 83.), had been expended, what being in the power of France to form a. number of children had been received ny design against Hanover. in consequence of the said grant, and One of these, I say, was the only mea. how many children were then maintain- fure we had to resolve on.
And surely ed at the expence of the hospital. This we had time enough to consider which account was presented on the 23d. On of these two measures it would be most a motion made, Jan. 14. it was read, prudent for us to refolye on, or rather and then Mr Chancellor of the Exche. which of them it would be in our quer, by the King's command, acquaint- power to resolve on. For our resa. ed the house, that his Majefty recom- lution to begin hoftilities was far from mended the further care of the faid cha- being rash or precipitate. On the consity to the confideration of the house. trary, we should have begun them fome! Then this royal recommendation, and years sooner than we did ; because the the aforementioned account, were re. French had been carrying on hoftilities ferred to the supply.committee. against us in Nova Scotia, and incroach. 3. The resolution of Feb. 21. art. 47. ing upon our territories in other parts was occafioned by the King's message of America, almost ever since we re presented on the 17th of that month, ftored them the island of Cape Breton, the proceedings on which our readers whilst our commissaries continued negohave seen already. [102.]
tiating at Paris; where they negotiated, Though the resolution last mentioned and negotiated, till they rendered fome was unanimoufly agreed to by the Come of our rights contestable, that were bemons, and though no opposition was fore indubitable. Atlast, however, we made to this article of expence in the o- discovered the truth of that proverb, ther house, either at that time, when, which fays, that patience only serves to a message of the same nature was pre. increase the insolence of a bravo ; and fented to them, or afterwards, when this we resolved to begin hoftilities on our article came before them, as one of the side, after the French had begun them appropriation-clauses in the bill for that in the most open and avowed manner on purpose; yet many and great objections theirs. About the time we began those were made to it by our politicians with. hoftilities, we seemed to have been resol. out doors; which, for the sake of bre. ved upon the last of the two measures I vity and perspicuity, we fhall collect and have mentioned: for unless we were fo, it fum up as follows,
iş imposible to give a reason for our con *** When we resolved upon beginning cluding either that treaty with the Landhoftilities against France, we could not grave of Hesse. Caffel, or that with the · but foresee, that the French would, in Empress of Rullid. But could we ima. resentment, endeavour to attack, and gine, that, by these two treaties alone, make themselves masters of the elec. we could form a confederacy sufficient torate of Hanover; and consequently, for protecting Hanover against any inafter having once resolved upon hoftili. valion from France! For this purpose, ties, we had but one of two measures a man that had any eyes at all, must next to resolve on. One of the two have seen, that it would be necessary to was, to leave the electorate entirely at draw, at leaft, the house of Austria into the mercy of France, and to pursue the the confederacy; and therefore we should war with fuch vigour at sea, and in A. have felt the pulse of the court of Vi. mérica, against that nation, as to compel enna, before we had absolutely concluded them to make good whatever damage, either of these treaties. Nay, we should they mighe, in the mean tine, do to the, have felt the pulse of some of the other eleétorate of Hanover; and the other princes of Germany, and likewise of
fome of the other courts of Europe, in mongst them; which our people would order to be well assured, that it would foon do opon any French army that not be in the power of France to form a should land in this island, as such an ardangerous confederacy against us. my could not long continue without fight
It is therefore evident, I think, that ing, or chuse what sort of ground they we entered precipitately into both these pleased to fight in. treaties; and as rafhly resolved upon pro This the French are fully sensible of; tecting Hanover, at the expence of this and therefore I am convinced, they nenation, against being attacked by France; ver will invade as, unless they are supefor I mol fuppose, that we foon found it rior at fea, or are sure of being joined by impossible to draw the house of Austria a great part of our own people. For this into the confederacy, without engaging reason, we ftood in no need of any foin a greater expence than this nation was reign troops, or any foreign ally, for deable to support. Upon being convinced fending us here at home. And since we of this, what ought we then to have found we could not form a confederacy done? Surely, common sense should upon the continent, fufficient for the dehave taught us, that we had nothing else fence of Hanover, without engaging in a to do, that we could do nothing else, but greater expence than we were able to supresolve upon embracing the other mea- port, what occafion could we have for fore I have mentioned, to give over a. any new treaty ? I was therefore surprised ny further concern for the electorate of when I first heard of our treaty with the Hanover, to confine the war to our own King of Prasia. I have always had the element, the sea, and with the man of highest esteem forthat prince, and I know true courage to say, Et me in mea virtute that no man can have a higher than his involve.
virtues deserve. But could we suppose, The subsidies we had thus inconsider that, by means of the King of Prussia ately engaged to pay to Hesse-Caffel and alone, we could defend Hanover against Russia, we muft, indeed, have continue France ? If we could have supposed it, ed to pay during the tipulated term, if the situation in which he then was, with demanded. But this was all the ex- respect to both the courts of Vienna and pence we had any occafion to put our. Petersburg, should have prevented our selves to, even after concluding these having so much as a thought of crusting treaties. We had no occasion to take to his assistance, or of entering into any either of their troops into British pay; new treaty with him for that purpose. We much less had we occasion to give France could not be ignorant of the jealousy a pretence for invading Hanover, by which the court of Ruska then had of his bringing any of their troops over here : power; we could not be ignorant of the for confidering the general, and, I be. resentment which the court of Vienna lieve, sincere unanimity, which appear. then had against him, on account of Sied among our people, for supporting lesia; therefore with half an eye we his Majesty, and for revenging the in might have seen, that our engaging at Lults put upon us by France, I will be that time in any new treaty with him, bold to say, that the apprehension of an would certainly detach both those courts invasion was as ridiculous a panic as a. from any connection with this nation, ny set of men was ever feized with; and and that it would probably throw both of always will be so, whilst we have a su. them into the arms of France. How periority of naval power, and are gene- this came not to be foreseen by our mia rally unanimous amongft ourselves. Our nisters, I do not know; but it was foregentlemen, yeomen, and farmers do not, seen, and foretold, by many gentlemen it is true, understand the punctilios in I conversed with, after we had heard the modern exercise of the firelock, fo of our treaty with Prussia, and long bewell as the veterans of a French army; fore we had heard of the treaty between but these punetilios are of no service af- the courts of Vienna and Versailles. ter an enemy has broke in pell-mell a. Before we entered into this treaty with
Pruffia, it was therefore manifeft to e- that if the court of Versailles had had very one who considered the circumftan- the direction both of this court and that ces of Europe, that we could not by any of Berlin, it could not have advised such treaty propose to defend Hanover measure more adapted to its own intereft, againf the French ; but, on the contra. than that of our entering into this treary, that we might thereby produce what ty at the time we did ; and therefore the his Majesty very juftly called, an unna. great opinion I have of the wisdom and tural union of councils abroad, and forefight of the King of Praflia makes thereby expose - Hanover more than it me suspect, that the terms propofed by was before What then ought we to the court of Vienna for a new grand alhave done? Surely, to resolve upon the liance or confederacy against France, firit of the two measures I have mention- were such as he had reason to fear we ed, and to avoid entering into any new would agree to. I say, fear; becaufe a treaty, or having anything further to confederacy between the empire of Rufdo with any of the powers upon the con- fia, the houfe of Austria, and the kingtinent of Europe, than to take care that dom of G. Britain, might probably have they should observe an exact neutrality drawn in fuch-a number of the rother in the war between France and us. In powers of Europe, as would have fhathis case, it is true, the French would ken the French monarchy from its very probably have formed a design to at- foundation, and if that monarchy had tack Hanover : but it is fo inconfiftent been reduced as low, or perhaps lower with the dignity of the Imperial diadem, than it was by the grand alliance in Q. and so contrary to the intereft
, as well as Anne's time, the King of Prussia had the constitution of the empire, to allow great reason to fear consequences fatal an electorate of the empire to be over-son to him, from the resentment of the house by the French, without any juft cause, of Auftria, and the jealousy of the court that both the court of Vienna, and the of Ruflia ; for againft thefe he never diet of Ratisbon, might of themselves had, he never can have a fure dependhave resolved to prevent it, had they once ence upon any thing human, but the feen, that this nation was resolved to give friendhip and the power of France. His itself no concern about the fafety of that future safety therefore, nay, I may fay, 1 electorate. Whilt the court of Vienna his very being, depended upon his pre. had any hopes of bringing this nation venting our clofing with the terms of into its terms, by our concern for the confederacy propofed by the court of fafety of Hanover; whilft the princes of Vienna, How was he to do this. He the empire had any hopes of squeezing knew the ardent desire we had, and in. large subsidies from this nation, for at deed ought to have had, if it had been fisting us to protect Hanover; we cannot possible, to provide for the safety of our wonder at their pretending to have no fovereign's electoral dominions; he knew concern for the dignity of the Imperial the averfion the people of this country diadem, or the interest or conftitution of had conceived against being engaged in the empire: but as soon as they had a war upon the continent of Europe ; he found, that all such hopes were at an end, had then nothing to do, but, by some their regard for their own honour, as means or other, to fuggelt to us, that we well as intereit
, would have begun to 0- might provide for the former without enperate, and would probably have ope. gaging in the latter, by entering into a rated witb effcet; for the French would new treaty with him. And we were fa not have dared to attack Hanover, if blinded by our desire on one side, and they had been under any apprehension, our aversion on the other, that we did that such an attack might have engaged not foresee the consequences which fuch them in a war with the emperor and a treaty might probably preduce. The empire, at a time they were engaged in confequences were perhaps foreseen by 2 war with this nation,
h's Pruffian Majesty : but he had much These considerations make me think, less to dread from a fuccefsíal confede