Proceedings of the Council of Maryland, 1749. 467

at the Rate of One hundred thirty three pounds Six Shillings
& Eight Pence Current Money for One hundred Pounds Ster-
ling; The fund for Sinking these Bills of Credit is a duty of
fifteen pence Sterling p hh^d on all Tobacco to be Exported
which duty is Remined 10 three Noted Merchants in London
and by them Placed in the Capital Stock of the Bank of

Lib. C. B.

England And the Annual Interest is to be carryed to the said
Capital
One third Part of the aforesaid Sum by the said Act of
Assembly to be sunk in 1748, and which was accordingly done
between the 29^th of September 1748 and the 25^th of March
following at the full Value by Bills of Exchange drawn upon
the aforesaid Merchants in London at the aforesaid Rate of
One hundred thirty three Pounds Six Shillings & Eight Pence
Current Money for One hundred pounds Sterling, the Re-
maining two thirds are to be Sunk in 1763, and which the
aforesaid Fund will be more than Sufficient to Sink within the
time Limited And the Surplus to be applyed to the use of the
Province as the Governor & the two Houses of Assembly
shall direct.

The following Answer, to the several Heads of Enquiry
sent by the Board of Trade to His Excellency, and which are
entered the 2 I^st of December 1748, being read is approved of
as follows

The Province of Maryland is Situated on Each Side of
Chesapeak Bay, as well as bounded to the Eastward by the
sea and Delaware Bay and divided from Virginia on the
Southward by Patowmack River & a Line Run from Watkins
Point into the Main Ocean: It is to the North on Pensilvania,
and to the West on the Main Continent.
The Country is Woody & flatt on the Eastward of Chese-
peak Bay but more Hilly on the Western Side, and Moun-
tainous towards the Western boundarys, and each part well
Watered with Large Navigable Rivers, the Soil Consists of
all the different sorts, is fertile & Productive of every kind of
Grain and of Hemp & Flax; The Climate tho' warm in Sum-
mer yet is cold in Winter, the Longest day is about fourteen
hours fifty one Minutes the shortest about Nine hours Nine
Minutes.
Annapolis the Principal City by the best Observation yet
taken Lies in Thirty Eight Degrees forty Eight Minutes North
Latitude, and by Computation in about Seventy Six Degrees
thirty Minutes Longitude from London but not at all fortified
nor is there any Place of strength in the whole Province.

p. 39^o