Every year her commerce was increasing; the money which the war carried out was returned by the produce of her industry.

Eight thousand vessels were employed by the traders of Great Britain." The extent of her losses is attributed to three causes, of which the first only was preventable: (1) The inattention of merchant-ships to the orders of the convoying vessels; (2) The immense number of English ships in all seas; (3) The enemy's venturing the whole remains of his strength in privateering.
During the same year, 1761, the navy lost one ship-of-the-line, which was retaken, and one cutter.

At the same time, notwithstanding the various exchanges, the English still held twenty-five thousand French prisoners, while the English prisoners in France were but twelve hundred.

These were the results of the sea war.
Finally, in summing up the commercial condition of the kingdom at the end of the war, after mentioning the enormous sums of specie taken from Spain, the writer says:-- "These strengthened trade and fostered industry.

The remittances for foreign subsidies were in great part paid by bills on merchants settled abroad, who had the value of the drafts in British manufactures.