ii8 A. D. 1721.. 



A clefmiiive treaty of peace was alfo concluded this year between 

 Sweden and Rullia : whereby the former was obUged to contirm or 

 yield to Rullia (what had been before conquered) the very be ft jewel of 

 the Swedilh crown, viz. Livonia, together with Kfthonia, Ingria, Care- 

 lia, and the town of Wyburg, with the ides of Oefel, Dragoe, and 

 Moen. The czar, on the other fide, rcftorcd a part of Finland to the 

 king of Sweden, and alfo agreed to pay him two millions of rix-doUars, 

 and that the Swedes fhould be permitted annually to buy corn to the 

 amount of 50,00c rubles, at Riga, Revel, and Wyburg, free of cuftoms. 

 In point of commerce, alfo, the Swedes were to be treated as the moft 

 favoured nation. 



This treaty was a fevere check to the commerce, and a very confider- 

 able diminution of the territory and power, of Sweden, which fhe has 

 never fince been able to regain. 



This year an attempt was made in the parliament of Ireland to ered 

 a public bank in that kingdom : but it was rejeded (it was faid) purely 

 for want of a fufficient currency of cafh for circulating bank-notes 

 there ; and perhaps for fome other more fecret reafons. 



The vife of printed Indian calicoes in Britain, both in apparel and 

 houfehold furniture, was at this time become fo univerfal, as to be a great 

 detriment and obftrudion to the woollen and filk manufadures of the 

 kingdom. This had occafioned fundry riots and tumults of the weavers 

 in London, &c. It was therefor found neceflliry to redrefs a grievance, 

 wherein fo many thoufand families were deeply interefted. An ad oi 

 parliament was therefor pafled, to preferve and encourage the woollen 

 andfilk manufadures, &c. which abfolutely prohibited the wear thereof, 

 under the penalty of L5 for each offence on the wearer, and of L20 on 

 the feller. [7 Geo. I, c. 7]. 



And by an ad for employing the manufadurers, and encotiraging 

 the confumption, of raw filk, and mohair yarn, buttons or button-holes 

 made of cloth or other ftuff, were abfolutely prohibited. [7 Geo. 1, 

 c. 12.] 



The Oftenders ftlU perfifting to trade to theEaft-Indies, the Britilh par- 

 liament pafled an ad for further preventing his majefty's fubjeds from 

 trading to the Eaft-Indies under foreign commiffions, &c. prohibiting 

 the importation of tea from any part of Europe, over and above all for- 

 mer reftraints laid on Britifh fubjeds from reforting or trading to the 

 Eaft-Indies under foreign commiflions, with fundry other new additional 

 reftraints and penalties. [7 Geo. I, c. 20.] And by the Dutch placarts, 

 it was made death for any of their fubjeds to be concerned therein. 



In an ad for raifing a fum not exceeding L50o,ooo, (charged on the 

 civil lift revenue) &c. there is a claufe for difcharging the two afliirance 

 companies, eftabUflied by charters in the year 1720, (viz. the Royal-ex- 

 change and the London afiTurance companies) from fo much of the 



