Note 388 — Chapter III

‘Such was the effect of the new harbour in increasing the trade, and the population, of the town, that the assessment, and port dues, cleared off the whole debt before 1740, and left, in that year, a clear surplus of 27,000 marks Scots, or 1,500l. sterling.’ Chalmers' Caledonia, vol. iii. p. 807. ‘After the Union, however, the trade of the port increased so rapidly, that, in the year 1740, the whole debt was extinguished, and there remained a surplus, the foundation of the present town's funds, of 27,000 marks.’ Sinclair's Statistical Account of Scotland, vol. v. p. 576, Edinburgh, 1793.