4i8 



A. D. 1797. 



for thirteen years and a half from the 25"" of September 1796, for every 

 jTroo paid in. [c. 46] 



The property of the falmon fifhery in the River Tweed being 

 invaded by interloping fifhers, who clandeflinely fet nets in the river, 

 and others, who went out to fea to intercept the fifh when coming 

 into the river, the raagiftrates were direded to order all fuch nets 

 and other tackle, and alfo the floops, boats, &c. found fiOiing within 

 the bounds of the mouth of the river, to be feized. The mouth of the 

 river is defcribed, for the purpofes of this a6t, to extend along the fhore 

 five miles north, and five miles fouth, of Queen Elizabeth's pier, and 

 five miles out in the fea as far as the north and fouth limits. To pre- 

 vent tiihing for falmon, when they are not in feafon, the proprietors of 

 boats on the Tweed and the flreams running into it are required to 

 haul them up, and fecure them, and alfo their nets and other apparatus 

 for the fifliery, fo as they may not be ufed after the 12"' day of Odober 

 till the 7'" of January, [r. 48] 



May 1 1"' — The fum of ;^i4, 500,000 was raifed by a loan, the fub- 

 fcribers to which received £12^ in the three-per-cent confolidated fund, 

 j^50 in the three-per-cent reduced fund, ;(r20 in the four-per-cent fund, 

 and a terminable annuity of 6/"* for 62| years, for every £100 paid in 

 by them. [c. 57] The capital of the debt thus created amounted to 

 ^iTi 8,1 25,000 in the three-per-cent confolidated, ^7,250,000 in the 

 three-per-cent reduced, /^2, 900,000 in the four-per-cents, befides an 

 annual charge of ^^43,500, payable till January i860. 



May 25"" — In confequence of a new convention with the emperor of 

 Germany, a further loan of ;^i, 620,000 was made for his fervice, and 

 the fund created by it is, like the preceding one created for the fame 

 purpofe, known by the name of //;z/>f;7W^of^ or y«7/(^. The fubfcrip- 

 tion was confined to the fubfcribers to the other loan ; and they receiv- 

 ed ^^226: 10:0 in a three-per-cent annuity for every £100 paid in. 

 The dividends were guaranteed by parliament to be paid at the bank, 

 ' in default of payment by the emperor.' And the parliament alfo 

 voted an annual payment of one per cent on the capital thus created f, 

 to be paid to the commiifioners for reducing the national debt, that it, 

 as well as the other debts, might be immediately put in a train of re- 

 duction, [c. 48] The capital of this debt amounted tO;^3,669,30o. 



In a renewal of the ad, c. 32 of this feffion, for permitting rhe cir- 

 culation of notes payable on demand for fraall fums, feven days, in- 

 flead of three, were allowed to the iffuers of them for payment, [c. 61] 



* The chancellor of the exchequer having at £() : i : 2-^ for every ^f lOO borrowed for the em- 



firft propofcd the loan to be for eighteen millions, peror, befides putting it in the power of a ftock- 



the terminable annuity was fixed at 6/5, fubjecl to holder, in the event of paying off the debt, to 



a deduftion, if the loan (hould be for any fmaller demand, and receive ,^226 : 10 : o for ;^I00 bor- 



fum. rowed. 



•J- The nation thus bears an annual charge of 



