THE COMMONS ADDRESS THE KINO.

The lower house seemed to be as much exasperated against the earl of Nottingham as the lords were incensed at Russel. A motion was made that his majesty should be advised to appoint such commissioners of the board of admiralty as were of known experience in maritime affairs. Although this was overruled, they voted an address to the king, praying, that for the future, all orders for the engagement of the fleet might pass through the hands of the said commissioners; a protest by implication against the conduct of the secretary. The consideration of ways and means was the next object that engrossed the attention of the lower house. They resolved that a rate of four shillings in the pound, for one year, should be charged upon all lands according to their yearly value; as also upon all personal estates, and upon all offices and employments of profit, other than military offices in the army and navy. The act founded on this resolution empowered the king to borrow money on the credit of it, at seven per cent. They further enabled him to raise one million on the general credit of the exchequer, by granting annuities. They laid several new duties on a variety of imports. They renewed the last quarterly poll, providing that in case it should not produce three hundred thousand pounds, the deficiencies might be made up by borrowing on the general credit of the exchequer. They continued the impositions on wine, vinegar, tobacco, and sugar, for five years; and those on East-India goods for four years. They laid a new imposition of eight per cent, on the capital stock of the East-India company, estimated at seven hundred and forty-four thousand pounds; of one per cent, on the African; of five pounds on every share of the stock belonging to the Hudson’s Bay company; and they empowered his majesty to borrow five hundred thousand pounds on these funds, which were expressly established for maintaining the war with vigour.*

* The French king hearing how liberally William was
supplied, exclaimed, with some emotion, “My little cousin
the prince of Orange is fixed in the saddle—but, no matter,
the last Louis d’or must carry it.”