170 Correspondence of Governor Sharpe.

Answer By an Act of Assembly made in 1759 £9000 were
given for his Majesties Service, in the following manner viz
£4000 8 out of the Loan office, £900 by the Treasurer of the
Western Shoar an £1099 12 by the Treasurer of the Eastern
Shoar all which have been repaid.
There was also another Act made in May 1756 Granting a
Supply of £90000 for his Majesties Service which was replaced
in October 1763 and the Bills burnt in the presence of the
Committee appointed by both Houses of Assembly for Inspect-
ing the management and Behaviour of the Commissioners of
the Loan office
In answer to the second Query
In the year 1732 an Act pass'd to emit and make Current
£90000 Current money in Bills of Credit to be sunk in the
following manner, at the Expiration of 15 years after making
the Act to wit after the 29^th of 1 748 the whole to be called in
and one third to be sunk by giveing the proprietors of the
money Bills of Exchange upon the Trustees in London at 33 1/3
p cent and the Remaining two third to be paid in Paper
Bills of Credit at which paid only £27987 12 was brought in
and paid off in Bills of Exchange so that there remained after-
wards in Circulation £62012 8 of which there has been since
paid into the Loan office £20716 16 8 which when deducted
from the above sum of £62012 12 leaves sum yet in Circula-
tion of £41295 11 4 which is to be paid off after the 9^th of
September 1769 in Bills of Exchange upon the Trustees in
London as before which they are enable'd to comply with by
selling the Bank Stock invested in their names for the use of

the province of Maryland

Answer to the third Query.
The amount of the Bank Stock above mentioned the 29^th of
April 1762 amounted to £35500.
And that this whole matter may more readily appear we
beg Leave to Subjoin the following Account.
August I^st 1764.

To Money Emitted in 1732. 90.000.

By Money Sunk in 1748. 27.987. 12. o
By Gold & Silver in Office 9.184. 2. o
By Paper Money in Office 20.716. 16. 8

57.888. 10. 8
By Money in Circulation . . . 41.295.11.4

99.184. 2. o
deduct the Gold & Silver . . . 9.184. 2.

£90.000. o. o