A, D, 1720, 109 



fhall therefor content ourfelves with firfl exhibiting a brief ftate of the 

 whole South-fea capital flock, as it flood at Chriftmas 1720, viz. 



Tlie old capital ftock before midfummer 1720 L 11,746,844 8 10 

 The flock of the irredeemable debts fubfcribed 12,069,349 2 6 

 The flock of the redeemable debts fubfcribed - 13,986,690 2 8 



Total South-fea ftock at chriftmas 1720, (in 

 which however a fmall miftake of L400 was 

 afterward found, whereby its true amount 

 was L37, 802,483 : 14) - - L37,8o2,883 14 c 



And next, we fhall, as briefly as pofftble, fet down the quantity of 

 ftock allowed at different times, to the feveral fpecies of new proprie- 

 tors of South-fea ftock, in confequence of the very badly executed 

 fcheme we are now treating of, viz. 



I) To the redeemable proprietors, ftock was at firft allowed at 800 

 per cent, but afterward reduced to 400 : fo that Lioo redeemable debt 

 had in South-fea ftock L25, to which add the midfummer 10 per cent, 

 is- - ____-__. L27 10 o 



2. The firft additional third, by a6l of parliament, 



31ft July 1721 .-- - - - - 934 



3. The fecond additional third, by general court, Sep- 

 tember I ft, 1 72 1 - - - — - - - 1245 



L48 17 

 4. The addition of a fixteenth part, by general court, 

 1 2th April, 1723 - - - - '31 



Total South-fea flock allowed forLioo redeemables 



fubfcribed - - - - - - L511810 



II) The four money-fubfcriptions, though at firft at dilTerent prices, 

 had at length ftock allowed them at 400 per cent, and had afterwards 

 the very fame feveral additions as the redeemable debts ; fo that for 

 every Lioo they had paid down they were in all allowed L51 18 10 



Whereby it will appear, that thefe two defcriptions of proprietors 

 had much harder terms than any of the others. 



III) The irredeemable debts fubfcribed were, in all, allowed viz. 



Long annuities in the firft fubfcription had for every Lioo per an- 

 num, L700 South-fea ftock, and with the lo per cent dividend in ftock 

 for midfummer 1720, made L770 j and with two of the three addi— 



