To New England Are Exported All Sorts Of Woollen Manufactures,
Linen, Sail-Cloth And Cordage For Rigging Their Ships, Haberdashery,
&C. They Carry Lumber And Provisions To The Sugar Plantations; And
Exchange Provisions For Logwood With The Logwood-Cutters At
Campeachy.
They send pipe and barrel-staves and fish to Spain,
Portugal, and the Straits.
They send pitch, tar, and turpentine to
England, with some skins.
Having considered the trading companies, and other branches of
foreign trade, I shall now inquire into the establishment of the
Bank of England.
The governor and company of the Bank of England, &c., are enjoined
not to trade, or suffer any person in trust for them to trade, with
any of the stock, moneys or effects, in the buying or selling of any
merchandise or goods whatsoever, on pain of forfeiting the treble
value. Yet they may deal in bills of exchange, and in buying and
selling of bullion, gold or silver, or in selling goods mortgaged to
them, and not redeemed at the time agreed on, or within three months
after, or such goods as should be the produce of lands purchased by
the corporation. All bills obligatory and of credit under the seal
of the corporation made to any person, may by endorsement be
assigned, and such assignment shall transfer the property to the
moneys due upon the same, and the assignee may sue in his own name.
There is at present due to this Bank
from the Government on the original
fund at 6 pounds per cent.
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