[The History of England in Three Volumes, Vol.II. by Tobias Smollett]@TWC D-Link book
The History of England in Three Volumes, Vol.II.

CHAPTER IV
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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." BURNET'S PASTORAL LETTER BURNED.
The money-bills were retarded in the upper house by the arts of Halifax, Mulgrave, and other malcontents.

They grafted a clause on the land-tax bill, importing, that the lords should tax themselves.

It was adopted by the majority, and the bill sent with this amendment to the commons, by whom it was unanimously rejected as a flagrant attempt upon their privileges.

They demanded a conference, in which they declared that the clause in question was a notorious encroachment upon the right the commons possessed, of regulating all matters relating to supplies granted by parliament.


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