r,o8 A. D. 1777. 



tion of Britiih-made cordage, were all continued for different limited 

 times. [17 Geo. Ill, c. 44.] 



Five millions of money were raifed this year by a loan at/ot/r per cent, 

 with an annuity of ten fliillings for ten years : and half a million more 

 by a lotterv, the fubfcriber of every ;iC''oo of the loan being entitled to 

 one lotterv ticket at >Cio- [^7 ^^^- ^^^' ^- 4^] -^7 thefe terms the per- 

 manent intereft on the real money borrowed is orAy four per cent : and, 

 A% there was no creation of fiditious capital, which makes a real high 

 intcrcfl appear a low one, this may be confidered as a good bargain made 

 ■by the minifter for the public *. 



The commilfioners of the longitude were empowered to be{low;(!5,ooo 

 in a reward, or rewards, to any perfons diicovering improvements re- 

 i"pe(3ing the longitude, or in any branch of navigation. [17 Geo. Ill, c. 

 48.] 



Auctioneers within the bills of mortality were fubjeded to an annual 

 payment of twenty {hillings, and other audlioneers, of five fliillings, 

 for licence to carry on their bufinefs, after the 29''' of September 

 1777 : and at the fame time a duty was laid on all property fold 

 by audion. But from this duty were exempted, all property fold 

 by order of court; the fales of the Eafl-India and Hudfon's-bay 

 companies ; fales by order of the commiffioners of the cuftoms, ex- 

 cife, ordinance, navy, and the victualling office ; goods diftrained for 

 rent ; the effeds of bankrupts -, the produce of the Britifli colonies fold 

 within one year after their importation ; veffels and cargoes taken as 



prizes ; wrecked goods ; and fales for the benefit of creditors By 



the fame ad a great variety of new ftamp-duties were impofed upon 

 conveyances of property, policies of infurance, 84c. [17 Geo. Ill, c. 50.] 



Strider regulations were enaded for fecuring the duties payable on 

 the manufadure of foap, and the importation of rum. [17 Geo. Ill, c. 



The hat makers were relieved from the hardfhips of an ad of Eliza- 

 beth and another of James I, whereby they were prohibited from em- 

 ploying any journeymen, who had not ferved feven years as apprentices, 

 or any foreigners, and are direded to employ as many journeymen as 

 apprentices, if they offer themfelves. [17 Geo. Ill, c. sS-\ Another 

 ftep towards breaking the fhackles of feudal tyranny. 



Penalties were enaded for the embezzlement of materials intrufted to 

 work-people in the manufadures of hats, wool, linen, filk, &c. [17 Geo. 



Ill, est.] 



The law afcertaining the property of engravings to their original au- 

 thors was corroborated. [17 Geo. Ill, c. 57.] 



• The liigh iiitcrcil upon tlie real fum borrowed the holders of fome branches of the funds, in cafe 



is not the only pernicious confequcnce of creating of paying off the debt, may demand, and aftually 



a fiftitious augmentation of the capital. The no- receive above £200 for j^ 1 00 originally lent to the 



r.iinal hundreds may become real hundreds ; and public. 



