All the several branches constituted a general fund, since known by the name of the general mortgage, without prejudice to their former appropriations.

The bill also provided that the tallies should bear eight per cent, interest; that from the tenth of June for five years they should bear no more than six per cent, interest; and that no premium or discount upon them should be taken.
In case of the general funds proving insufficient to pay the whole interest, it was provided that every proprietor should receive his proportion of the product, and the deficiency be made good from the next aid; but should the fund produce more than the interest, the surplus was destined to operate as a sinking fund for the discharge of the principal.

In order to make up a deficiency of above eight hundred thousand pounds occasioned by the failure of the land-bank, additional duties were laid upon leather; the time was enlarged for persons to come in and purchase the annuities payable by several former acts, and to obtain more certain interest in such annuities.
Never were more vigorous measures taken to support the credit of the government; and never was the government served by such a set of enterprising undertakers.

The commons having received a message from the king touching the condition of the civil list, resolved that a sum not exceeding five hundred and fifteen thousand pounds should be granted for the support of the civil list for the ensuing year, to be raised by a malt tax and additional duties upon mum sweets, cyder, and perry.

They likewise resolved that an additional aid of one shilling in the pound should be laid upon land, as an equivalent for the duty of ten per cent, upon mixed goods.