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55.

note +Cap.11. /note ye. 12th. & 13th. W.III. to ye. 24th. of June 1706.

8th. ye. 2d. Stamp duty granted forever in note +Cap.25. /note ye. 9th. & 10th. W.III. +

Of these eight branches two first only Subsisted before ye Revolution.

Having thus given an account of ye. ^ addition underline various /underline /addition Taxes subsisting at ye. death of K. W. we ought next to take a view of ye. National Debt at this period.

this appears in ye. States Accounts of ye. Sums borrow'd with repayments ^ addition underline out /underline /addition of ye. various funds allotted for yt. purpose which we have drawn out at large Cap.

We may observe then there was £10,066,777. borrow'd from Nov. 5th. 1688. to Ly. day 1702. more than was in yt. time repaid by ye. funds establish'd for yt. purpose which was nearly ye. whole of ye. debt due at yt. time, as most of ye. arrears of ye. Army & Navy were charg'd on ye. Irish forfeitures; of this Sum therefore above £2,300,000. arose from deficiencies of ye. funds allotted for payment of ye. prinicipal & interest, as will appear

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