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Proceedings and Acts of the General Assembly, 1757-1758
Volume 55, Page 534   View pdf image (33K)
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534 Assembly Proceedings, Mar. 28-May 13, 1758.

U. H. J.
Liber No. 35
May 8

to the Commissioners or Trustees aforesaid accompanying a State
of the Paper Currency Account, a Copy whereof is hereunto an-
nexed it appears there is a Ballance of the Cash Account in the
Bank Books of £3299.1.4: in th joint Names of the said Hunt and
Hanbury not yet converted into Capital Stock, and in the Hands
of the said Hunt the Sum of £60:15:3: as a Ballance due to the
Province after deducting sundry Charges arising on the Negotiation
of Bills of Exchange : the Reason why the said Sums are not
converted into Stock will appear from the said Letter, /viz.t/.

London 10: March 1757.

Our last was the 12: of May 1755. and since then we have not
had any from you: This comes to bring the Account Current for
the Paper Currency of the Province of Maryland to this Time,
the Ballance thereof you will find to be £3299.1.4. on the Credit
Side, and also M.r Hunt's Account Current for Payment of small
Sums, and the Ballance due from him is £60.15.3 — you will please
to take Notice we have not any Bills in our Hands that are unpaid :
the abovementioned Sum of £3299.1.4. is the Ballance of the Cash
Account in the Bank Books in our joint Names, and next Month
half a Year's Dividend to the will be paid on f 19580: Capital
Stock : you may wonder as the Sum lying dead we have not invested
it or some Part thereof as we have from time to time heretofore
done but as the Times lately and still, are so precarious we thought
it better to refer it as we have done, notwithstanding the Loss of the
Interest, the Price of the Stock is at 119: p. Cent, and doubt will

p. 347

shortly be lower, We shall act to the best of our Judgments for the
Country's Interest at all Times, and are Gentlemen.

Your very humble Servants

W.m Hunt. J : Hanbury.
To the Commissioners of

the Paper Currency of Maryland.

Your Committee further considering the Irregularity of the Books
and Accounts of the said Office humbly offer it as their Opinion, that
unless the said Books and Accounts are reduced to and for the future
kept in the Italian Method it will be extremely difficult if not im-
possible for any Committee during the Sitting of Assembly to make
so full an Enquiry into the State and Condition of the said Office
as the public Security seems to require. All which is submitted to the
Consideration of both Houses of Assembly this of May 1758.

Samuel Chamberlaine Rob.' Lloyd Matthew Tilghman
Walter Dulany John Bracco Brice Beale Worthington
Michael Earle Alex :r Williamson John Hanson

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Proceedings and Acts of the General Assembly, 1757-1758
Volume 55, Page 534   View pdf image (33K)
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