534 .-A. D. 1773- 



Concert, (which the urgency of the cafe rendered impoflible) averted 

 many of the fatal confequences that were apprehended, and prevented 

 the milbhief from fpreading fo wide as it muft otherways have done. 

 The merchants in Holland, where the evil was greateft, adled on this 

 occafion with their ufual commercial wifdom. The bank of Stockholm 

 gave fupport to every houfe of real refponfibility in that city. And the 

 emprefs of Ruflia ftepped forward to ward off the impending calamity, 

 and particularly favoured her befl cuftomers, the Britifti merchants at 

 Pcterfburg, by giving them a credit on her own banker for fuch fums 

 as they fhould ftand in need of. 



The board of trade recommended to the king to permit the owners 

 of veflels fent to catch cod on the Labrador coaft, to make lettlements 

 on the fhore for the feal and falmon fifhery, which, being at a different 

 feafon of the year from the cod fifhery, can only be carried on by people 

 fettled on the land. 



They alfo adviled that a part of the Labrador coaft fhould be detach- 

 ed from the government of Newfoundland, and re-annexed to that of 

 Quebec *. 



The Eaft-India company having found it neceffary to reduce the di- 

 vidend upon their capital ftock to the low rate o? fix per cent, the Ja- 

 nuary payment was accordingly made at that rate. 



March 16'" — As it would greatly advance the improvement of fu- 

 gar plantations in the Britifh Weft-Indies, if loans of money could be 

 obtained from foreigners as well as from Britifh fubjeds, it was made 

 lawful for foreigners to lend money on the fecurity of mortgages upon 

 Weft- India eftates at a rate of intereft not exceeding ^7;^ per cent, and 

 to have the fame rights in recovering fuch debts as if they were Britifh 

 fubjeds, even though their own countries fhould be at war with Great 

 Britain. [13 Geo. HI, c. 14.] 



Hitherto the children of Britifh fubjeds refiding in foreign countries, 

 and being proteftants, were entitled to the privileges of Britifh fubjedts, 

 notwithftanding their being born out of the king's dominions, but not 

 the children of fuch foreign-born fubjeds, who were confidered as aliens. 

 But now the privileges of Britifh fubjeds were extended to thefe grand- 

 children of Britifh-bom fubjedts. [13 Geo. Ill, c. 21.] 



The corporation of the city of London, confidering the high price of 

 corn, offered a bounty of 4/ a quarter for the firft 20,000 quarters of 

 foreign wheat of a proper quality, which fhould be imported in Lon- 

 don between 30'" March and 30* Jun® next. 



They alfo prefented a petition to the houfe of commons, fetting forth 

 the pernicions confequences of lotteries, and praying that they might 

 be laid afide, efpecially in time of peace. 



* The adrice wa« followed, and the re-annexation ratified by aft of parUament in the following 

 ▼ear. 



