of His Majesty's late Ship Royal George. 301 



Mr. Hicks has issued the following Proposals for raising 

 by loan tlie sum of ten thousand pounds, in one hundred 

 shares of one hundred pounds each : to be applied to the 

 purpose of raising His Majesty's ship Royal George, sunk 

 atSpithead; which, upon the representation and recom- 

 mendation of the Lords of the Admiraltv, His Royal High- 

 ness the Prince Regent has been graciously please:!, in the 

 name and on the behalf of His Majesty, and by and with 

 the advice of His Majesty's most honourable Privy Council, 

 to give to Mr. James Hicks (late Secretary to the Hon. Sir 

 Henry Edwin Stanhope, Bart. Admiral of the Blue), the 

 hull, furniture, naval, victualling and ordnance stores of 

 the said ship (which is copper bottomed), estimated at up- 

 wards of Fifty Thousand Pounds I 



The plan has been seen and approved by most of the su- 

 perior mechanics in the kingdom. 



It is proposed in the event of the ship being raised, (of 

 which there is not the least doubt,) that the subscribers shall 

 be repaid their subscription money out of the first property 

 recovered: and half the remaining sum to be equally di- 

 vided among the subscribers, immediately after the sale of 

 the ship, furniture, naval, victualling, ordnance stores, and 

 the materials, in proportion to the number of shares sub- 

 scribed. 



The Lords of the Admiralty have kindly consented to 

 furnish Mr. Hicks with all the timber, iron, ropes, blocks, 

 mooring anchors, cables, bridles, buoys, &c. equal in value 

 to ^Tl 8,000, together with the lifting ships and as many 

 men and officers as will be requisite ; and for which their 

 Lordships only require ,^6000 to be deposited in their 

 hands, to cover any loss that may arise by conversion, wear 

 and tear, &c. ; (vv'hich, upon a fair calculation, cannot ex- 

 ceed one-fourth of the whole amount of the subscription ;) 

 of which sum Government require onKj^ 1000 to be de- 

 posited upon Mr. Hicks's commencing his operation. 



The Lords of the Admiralty have agreed to take back all 

 the stores, which may be issued to Mr. Hicks, at a fair 

 valuation after they shall be done with. 



Conditions, 

 The subscribers to pay the deposits on their respective 

 shares into the hands ot Messrs. Smith, Payne, and Smith, 

 anil Messrs. Hammerslcy, bankers, as follows : 



At I he lime of subscribing, or^ ^ f on each 



when the subscription is fulh ^ \ share. 



On the illth May 10 



On 



