stock, at 12½ per cent. per annum,

199,630     217,309   Balance of cash in favour of the Company in February 1768, 544,485 13 4     £761,794 13 4     By the above balance, 544,485 13 4   By silk and drugs, &c. on the Dr. side, 170,000         714,485 13 4 1768. March 25. Due to government, by agreement, the first payment 200,000 May 1. By ½ a year's interest on the Bond and annuities, deducting what received from the government, due at Lady Day 25,358 June 29. By ½ year's salaries, and other contingencies, 5,000 Aug. 5. By ½ a year's dividends, 199,630     429,988   By balance of cash in favour of the Company in August 1768 470,878     900,866

When this account was produced to the general court by the accurate and intelligent Director who made it out, he declared that he had dissented in the court of Directors from the opinion of the other Directors as to the 12½ per cent. dividend, in which he had been joined by several other Directors, though a majority opposed this dividend, and he explained the above account in a very clear and satisfactory manner, and shewed, that in the preparing the account, he had made the most ample allowances of every kind, and declared himself ready to answer every objection which the other Directors could offer against it.—The other Directors fairly acknowledged that none of them had carried their calculations so far down as February 1768, when the dividend was to become payable.

---

---