-78 



A. D. 1750. 



We fliall therefor fufpend any farther remarks, and only join in the uni- 

 verfal wifh of all true Britons for its fuccefs. By a ftatute of the 30th 

 of the fame king (1757) inftcad of thirty fliillings per ton, the bounty 

 is increafed to fifty fliillings per ton on all the fhips built and employ- 

 ed by this fiihery company, with certain regulations relating to their 

 nets, &c. 



The many difficulties flarted by the court of Spain agalnft carrying 

 on the South-fea company's affiento trade, the opprefllons oftheSpanifh 

 officers and governors in the Weft-Indies, the frauds too obvioufly com- 

 mitted on the other hand by that company's agents in thofe parts, in 

 fpite of all their regulations and reftridions, and the complaints of the 

 Eritilh merchants trading to Cadiz, feemed now all to concur, at both 

 courts, for putting a final period to a trade which, without any fub- 

 ftantial benefit to Great Britain, had given infuperable umbrage to the 

 court of Madrid, fo that both courts were the more eafily brought into 

 the treaty of Madrid, concluded on the 5tli of Oftober (N. S.) 1750, viz. 

 the ambafllidors of both kings, at the treaty of Aix-la-Chapelle in i 748, 

 having then agreed to regulate, at a proper time and place, the equiva- 

 lent which Spain fliould give in confideration of the non-enjoyment of 

 the remaining years of the affiento of negroes, and of the annual fhip 

 granted to Great Britain, their Britannic and Catholic majefties have 

 now agreed on the following articles, viz. 



I) His Britannic majefty yields to his Catholic majefty his right to the 

 enjoyment of the affiento of negroes, and of the annual ffiip, during the 

 four years ftipulated by the treaty of Aix-la-Chapelle. 



II) His Britannic majefty, in confideration of a compenfation of 

 Li 00,000 fterling, which his Catholic majefty promifes to pay, either at 

 Madrid or London, to the company, within three months at lateft, 

 yields to his Catholic majefty all that may be due to that company for 

 balance of accounts, or arifing in any manner whatfoever from the af- 

 fiento : fo that the faid compenfation fliall be efteemed as a full and en 

 tire fatisfadion on the part of his Catholic majefty, and ffiall extingniffi, 

 from this prefent time, for the future and forever, all right, pretenfion, 

 or demand, which might be formed in confequence of the aftiento, or 

 annual fiiip, directly or indirectly, on the part of his Britannic majefty, 

 or on that of the company. 



yo'nd the quantity in the market : tliey immediate- dual augmentation of the fifherles. \^Tien to the 



ly employed more people than could poftibly be above drawbacks upon the profperity of a fifhery 



found duely qualified; and tliey caught more tilh upon a great fcale, we add the wafte and want of 



than they could find fale for, either in the country, economy in the tranfattions of great focieties, and 



or abroad in competition with the better-cured her- add to all thefe the innumerable hardfhips of 



ring*, and ellablilhed markets, of the Dutch. He the fait laws, we need not wonder, that all the pa- 



obl^rves, that all the filherles, that have ever prof- triotic efforts of great focieties have been hurtful 



pered, have gradually arifcn from fmall beginnings, to themfelves, and barren of heuefit to the coun- 



the number of people bred to them, and the in- try. M. 

 creafe of the markets, keeping pace with the gra- * 



