ABSTRACT

Death of Queen Anne. The last lord treasurer. Townshend and Walpole in office. Walpole's scheme for a sinking fund. Dismissal of Townshend in 1717. Walpole resigns. The Stanhope administration. Sunderland prime minister, 1718. The war with Spain. Walpole and Townshend in office. Carteret secretary of state. Carteret sent to Ireland. Walpole in power. Reform of the tariff. The timber duties. Repeal of the duties on raw silk, drugs for dyeing, heaver skins as the material for hats, rags and old cordage for paper-making, whale-fins, oil, and blubber. Repeal of the additional duties on drugs. Settlement of the duty on pepper and spices. Repeal of the duties on all manufactures exported. The new book of rates. Warehousing system for tea. Repeal of the tax on salt. The land tax at 1s. Reimposition of the tax on salt. The excise Bill for wine and tobacco. Opposition to the Bill. It is withdrawn.