A. D. 1713. 37 



powered all along ta treat for his grandfon) on as good terms as could 

 well have been expeded in his then fituation, being obliged to leave 

 Landau and Strafburg in the poffefllon of France, and to confent that 

 Arras, Douay, and Lifle, fhould alfo remain to France, and to reftore to 

 the eledors of Cologne and Bavaria every thing they before enjoyed. 

 And, in September following, a lolemn treaty of peace was concluded 

 at Baden between the emperor and empire and the French king, 

 which confirmed what was ftipulated by that of Raftadt, relating to the 

 frontier towns in Alface and rhe iVetherlands, and to the revtoration of 

 the above electors, as alfo recognizing the eledoral dignity to the houfe 

 of Brunfwic-Lunenburg ; confirmed the former intercourfe of com- 

 merce between France and the empire, and the rights, commerce, and 

 privileges, of the imperial cities and Hanfe towns ; as alfo what the em- 

 peror then pofleiTed in Italy, the neutrality of which country was alfo 

 confirmed. But nothing is remarkable therein, in relation to commer- 

 cial hiflory. 



This year the former treaties between the fi:ates-general of the 

 United provinces of the Netherlands, and the burgomaflers and com- 

 mon council of the free and imperial city of Lubec, for the preferva- 

 tion of the freedom of commerce, were renewed for fifty years ; to 

 which defenfive treaty and contederacy, any other of the Hanfe towns 

 were permitted to accede. This treaty was occafioned by the wars 

 then raging between the northern potentates bordering on the Baltic 

 fhores. 



In confequence of an ad of parliament [12 Ann. c. 1 1] for raifing 

 Lr ,200,000 for the public fer\dce, by circulating a farther fum in ex- 

 chequer bills, &c. the bank of England undertook the circulation of 

 that fum in exchequer bills, for which they were to have L3 per cent 

 per annum. And, to enable the bank to perform that circulation, by 

 exchanging the bills for ready money on demand, this act allows them 

 L8000 yearly, over and above the L45,ooo allowed them annually by 

 the 9th of the queen, till all the prefent and former exchequer bills 

 fliall be paid off and cancelled ; for which end the bank might call in 

 money from their proprietors, which might be called additional llock. 

 The bank likewife was to continue a corporation, till all Ihould be paid 

 off and cancelled. Secondly, on twelve months notice, after the \i\ of 

 Auguft 1742, and re-payment of the yearly fund, and of the original 

 capital of Li, 600,000, then the corporation of the bank was to ceafe 

 ■and determine *. 



• It is worthy of notice, tliat Sicily, which .ip- pril'e on the one hand, and of lloth and fuperlli- 

 parently was the originnl mother oi" all the fugiir- lion on the other, npptnrs in a rcprcfentation 

 canes, which havt- llockcd the Weft-Indie;, ufually to the board of trade by the merchants tradir.g 

 TcctivcJ fugars at this time from Britain. This re- to Sicily, dated 27th Oiftobcr 1713. M- 

 maikabic efieft of injuilry and commercial cnler- 



i 



