TWO:During this period a vast empire was beginning to unfold itself in the East Indies, destined to produce a vast trade, and pour a perfect mine of wealth into Great Britain. The victories of Clive, Eyre Coote, and others, were telling on our commerce. During the early part of this period this effect was slow, and our exports to India and China up to 1741 did not average more than 148,000 per annum in value. Bullion, however, was exported to pay expenses and to purchase tea to an annual amount of upwards of half a million. Towards the end of this period, however, our exports to India and China amounted annually to more than half a million; and the necessity for the export of bullion had sunk to an annual demand for less than 100,000. The amount of tea imported from China during this period rose from about 140,000 pounds annually to nearly 3,000,000 pounds annuallyan enormous increase.On the morning of Monday, the 28th, the king's brother, Edward, Duke of York, and Lord Bute were sworn members of the Privy Council. It was obvious that Bute was to be quite in the ascendant, and the observant courtiers paid instant homage to the man through whom all good things were to flow. The king declared himself, however, highly satisfied with his present Cabinet, and announced that he wished no changes. A handbill soon appeared on the walls of the Royal Exchange expressing the public apprehension: "No petticoat governmentno Scotch favouriteno Lord George Sackville!" Bute had always championed Lord George, who was so bold in society and so backward in the field; and the public now imagined that they would have a governing clique of the king's mother, her favourite, Bute, and his favourite, Lord George.
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