Note 91 — PART II. CONTAINING Remarks on some Particulars in a Speech at opening the Budget in April 1776.

Or EIGHTEEN MILLIONS AND A HALF. See Dr. Davenant’s Works, Vol. i. p. 363, &c. 443, &c. A great part of this specie was carried out of the nation in King William’s wars; and the consequence was, that the taxes became unproductive; and that Government fell under great difficulties, from which it was afterwards relieved by the establishment of the Bank and the increase of trade. See the beginning of the Third Part.