io8 A. D. 1786. 



burgh Veflels belonging to, and duely regiftered in, Ireland, enjoy all 



the privileges of Britiili fliips. — Veflels belonging to any of the royal 

 family, and craft ufed folt-ly for inland navigation, are not fubjeded to 

 tlie regulations of this act. [26 Geo. Ill, c. 60.] 



July 5'" — The Eafl:-India company were empowered, for the fur- 

 ther extenfion of their commerce, to borrow a fum of money at an 

 interefl of three per cent *, the whole annual interefl not exceeding 

 £2,^,226 : 16 : o, which together with £Sg,'jy;^ : 4 : o, the interefl pay- 

 able on ;^2,992,440 : 5 : o borrowed by them in virtue of a former act, 

 [23 Geo. II, c. 22] are equal to the annual fum of /^i 26,000, payable to 

 the company by the public, as interefl at three per cent on ^^4, 200, 000 

 advanced at various times by the company, the debt of the public to 

 the company being a collateral fecurity to the holders of the annuities. 

 The company were alio empowered to add to their flock the fum of 

 i^8oo,ooo, at the rate of /^i6o to be paid for every /^loo of flock fub- 

 ibribed for, and the prefent proprietors of flock were entitled to a pre- 

 ference in fubicribing, as far as 50 per cent upon the flock held by 

 them. This addition makes the whole capital flock of the company 

 ;i(^4, 000,000. [26 Geo. Ill, c. 62.] 



New regulations were again enaded this year for the Scottifh diflill- 

 eries. [26 Geo. Ill, c. 64.] But there is no end of the variations of 

 the diftillery and fifhery laws. 



There was a lottery this year for 50,000 tickets, on which govern- 

 ment had a profit of;^i88,75o, [26 Geo. Ill, c. ^^^ 



New regulations were alfo made for the Englifh diftilleries : and fome 

 of the duties on Britifh Wefl-India rum were repealed, which, it was 

 hoped, would give a further check to the bufinefs of fmuggling. [26 

 Geo. Ill, c. 73.] 



For the encoviragement of the importation of foreign wines, an ad- 

 ditional duty of 6/" per barrel, with 15 per cent on the amount of it, 

 was laid upon all made wines, fweets, or Britifh wines, made for fale. 

 [26 Geo. Ill, c. 74.] 



Wool cards, or flock cards, not above 4/ per pair, and fpinner's cards 

 not above 1/6 per pair, in value, were allowed to be exported. [26 

 Geo. Ill, c. 76.] 



Many regulations were enaded for fecuring the duties on a variety 

 of articles fubjedl to excife, and to prevent frauds on the revenue in the 

 exportation of fuch articles. [26 Geo. Ill, cc. 77, 78.] 



By a new ad ' for the more efFedual encouragement of the Britifh 

 ' fifheries/ an annual bounty oi twenty pMlings per tun, to continue for 

 feven years after the i'' of June 1787, was granted to every decked vef- 



• It does not follow, that they were to receive purchafe mouey as they could for a transferable 

 fioo for an annual payment ci ^^3, as the term annuity of ^3. 

 ri/w /fr ci'n; imports. They wirt to obtain fuch 



