44 A. D. I7i'5. 



of the two years, viz. our exports, on a medium, exceeded our imports 

 L2,io3,i48 yearly. 



About this time, pig and bar iron began to be made in Virginia of 

 a very good quahty ; and it is faid to be fmce much improved. 



By an acft of theBritifh parliament of the id: year ot King George 1, 

 for enlarging the fund of the bank of England, relating to exchequer 

 bills, &c. it was enacfted, that after the redemption of the bank's origi- 

 nal fund, andlikewife ot the fund created by this aft, for farther circu- 

 kiting exchequer bills ; then, and not till then, the corporation of the 

 bank fhould ceafe and determine. This was commonly called the ag- 

 gregate fund, though not applied to conftitute apart of the general fink- 

 ing fund for leflening the national debts, till the act of the 3d of King 

 George, c. 8. 



By an a6t of parliament of this ift year of King George I, for en- 

 larging the capital ftock and yearly fund of the South-fea company, and 

 for fupplying thereby 1^822,032:4:8 to public ufes; and for raifing 

 Li 69,000, &c. 



The capital ftock of the South fea company, which till now was 



^9,177,967 15 4 

 Had an addition made to it from the navy-office 

 trearfurer, of - - - - 822,032 4 8 



Whereby the capital was, after midfummer I7i 5, 

 made up _ _ _ _ 10,000,000 o o 



Which additional ftock confifted of the following particulars, viz. 



1 For half a year's intereft on their capital of 

 ^^275,339 o 8 )-L9,i77,967 : 15:4 from chriftmas 1714, to mid- 

 j fummer 1715- 

 7 More thereof in full for the half-vear, ended at 



500,000 O O >- , -n ,1 • c A •, y 



•-' ' j chrntmas 17 15, on the mcreaied capital. 



g 7 For their allowance for charges of management 



' \ for one year, ended on the 25th of December 171 5. 



L583>339 08 



"7 Laftly, there was an addition of ftock made trans- 

 238,693 4 o >-ferable for the ufe of the public, as the treafury 

 J ftiould dired. 



L822,o32 4 8 as above. 



By thefe additions there was alfo an addition of L49,32i : 18 ; 8 to 

 th^ company's yearly fund, which thereby was made up L6oo,ooo per 

 annum, at 6 per cent. 



