The Problem of Empire Governance

Cover The Problem of Empire Governance
The Problem of Empire Governance
Stuart-Linton, Charles E. T. (Charles Edward Traquair)
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But the expense occasioned by the war did not end with the conclusion of the peace; so that, though on 5th January, 1764, the funded debt was increased (partly by a new loan and partly by funding a part of the un- funded debt) to ^129, 586, 789 IDS. Ifd. , there still remained (according to the very well-informed author of ' Considerations on the Trade and Finances of Great Britain ') an unfunded debt, which was brought to account in that and the following year, of ^9, 975, 017 125. 2 15-44^. I...n 1764, therefore, the public debt of Great Britain, funded and unfunded together, amounted, according to this author, to ^139, 516, 807 25. 4^. " Further on he thus comments : " The last war, which was undertaken altogether on account of the Colonies, cost Great Britain, it has already been observed, 158 PROBLEM OF EMPIRE GOVERNANCE upwards of ninety millions. The Spanish war of 1739 was principally undertaken on their account, in which, and in the French war that was the consequence of it, Great Britain spent upwards of forty millions, a great part of which ought justly to be charged to the Colonies.

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