ONE:At the end of the reign of Anne the shipping employed in commerce amounted to 448,000 tons, of which only 26,573 tons were foreign; so that the English mercantile shipping had increased, in little more than twelve years, 127,800 tons. At the end of the reign of George I. our mercantile shipping was only 456,000 tons, the foreign being 23,651 tons; so that the increase for the time was but slight. The royal navy had greatly decreased under George I. At the end of the reign of George II., the total amount of our commercial shipping was 573,978 tons, including 112,737 foreign. Thus, whilst the total shipping at the commencement of this period (in 1688) was only 244,788 tons, at the end of it (in 1760) the total was 573,978 tons, or a nett increase, in seventy-two years, of 329,190 tons: the increase being much larger than the total amount of tonnage possessed at the commencement of the period, the amount of foreign shipping remaining very nearly the samein fact, only 12,000 tons more. The royal navy, which, at the commencement of the period, was reckoned at 101,892 tons, at the end of it was 321,104 tons, showing an increase of 219,212 tons; and, at the rate of men employed at the commencement, the number now employed in both our commercial and our national navy could not be fewer than 160,000 men.That isnt fast enough! objected Pilot Larsen. Id fly that amphibian crate onlyIm too weak and dizzy
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THREE:Accordingly, on the 5th of June, the queen proceeded to the House of Lords, and stated in a long speech the terms on which it was proposed to make the peace with Francenamely, that Louis XIV. should acknowledge the Protestant succession and remove the Pretender out of France; that Philip should renounce the Crown of Spain[5], should that of France devolve on him; and that the kings of both France and Spain should make solemn engagements for themselves and their heirs that the two kingdoms should never be united under one crown; that Newfoundland, with Placentia, Hudson's Bay, Nova Scotia, or Acadia, as it was then termed by the French, as well as Gibraltar, Port Mahon, and the whole island of Minorca, should be ceded to England; that the Spanish Netherlands, Naples, Sardinia, the Duchy of Milan, and the places on the Tuscan coast, formerly belonging to Spain, should be yielded to Austria, the appropriation of Sicily being not so far determined; that France would make the Rhine the barrier of the Empire, yielding up all places beyond it, and razing the fortresses on the German side as well as in the river; that the barriers of Savoy, the Netherlands, and Prussia, should be made satisfactory to the Allies. The Electoral dignity was to be acknowledged in the House of Hanover.
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