The Government of England saw the necessity of coming to some conclusion on the subject of Irish commerce, which should remove the distress, and, as a consequence, the disorder. The Irish Government, at the instigation of the English Administration, sent over Commissioners to consult with the Board of Trade in London, and certain terms being agreed upon, these were introduced by Mr. Orde, the Secretary to the Lord-Lieutenant, to the Irish House of Commons, on the 7th of February. These were, that all articles not of the growth of Great Britain or Ireland should be imported into each country from the other, under the same regulations and duties as were imposed on direct importation, and with the same drawbacks; that all prohibitions in either country against the importation of articles grown, produced, or manufactured in the other should be rescinded, and the duties equalised. There were some other resolutions relating to internal taxation, to facilitate the corn trade, and some details in foreign and international commerce. These, after some debate, were passed on the 11th, and, being agreed to by the Lords, were transmitted to England.By this treaty almost everything was given up which had kept Spain and Austria in war and conflict for many years, and by themselves and their allies had steeped Europe in blood. The King of Spain agreed to sanction the Ostend Company, to yield the long-contested point regarding the exclusive mastership of the Golden Fleece. He surrendered the right to garrison with Spanish troops the fortresses of Tuscany. He acknowledged the Emperor's right to Naples, Sicily, the Milanese, and Netherlands, and guaranteed what was termed the Pragmatic Sanction; that is, the succession of the hereditary states of Austria in the female line. This was a concession of immense importance to the Emperor, who had only daughters, and whose claim to the Flemish and Italian dominions might thus have been contested by Philip on the Emperor's death. Thus, before the emotions of a family quarrel, fell at once all the mighty questions which had rent and desolated Europe for a quarter of a century! Both the sovereigns engaged to afford mutual support should either be attacked. Charles agreed to bring into the field twenty thousand foot and ten thousand horse, Philip twenty thousand troops and fifteen ships of war.
SPADE GUINEA OF GEORGE III.The rapid growth of the commerce of the American colonies excited an intense jealousy[166] in our West Indian Islands, which claimed a monopoly of supply of sugar, rum, molasses, and other articles to all the British possessions. The Americans trading with the French, Dutch, Spaniards, etc., took these articles in return; but the West Indian proprietors prevailed upon the British Government, in 1733, to impose a duty on the import of any produce of foreign plantations into the American colonies, besides granting a drawback on the re-exportation of West Indian sugar from Great Britain. This was one of the first pieces of legislation of which the American colonies had a just right to complain. At this period our West Indies produced about 85,000 hogsheads of sugar, or 1,200,000 cwts. About three hundred sail were employed in the trade with these islands, and some 4,500 sailors; the value of British manufactures exported thither being nearly 240,000 annually, but our imports from Jamaica alone averaged at that time 539,492. Besides rum, sugar, and molasses, we received from the West Indies cotton, indigo, ginger, pimento, cocoa, coffee, etc.
