As England, thanks to William III. with his incessant Continental wars,
had already a great National debt, of which Scotland owed nothing, and as
taxation in England was high, while Scottish taxes under the Union would
rise to the same level, and to compensate for the Darien losses, the
English granted a pecuniary "Equivalent" (May 10). They also did not
raise the Scottish taxes on windows, lights, coal, malt, and salt to the
English level, that of war-taxation. The Equivalent was to purchase the
Scottish shares in the East India Company, with interest at five per cent
up to May 1, 1707. That grievance of the shareholders was thus healed,
what public debt Scotland owed was to be paid (the Equivalent was about
400,000 pounds), and any part of the money unspent was to be given to
improve fisheries and manufactures.
The number of Scottish members of the British Parliament was fixed at
forty-five. On this point the Scots felt that they were hardly used; the
number of their elected representatives of peers in the Lords was
sixteen. Scotland retained her Courts of Law; the feudal jurisdictions
which gave to Argyll and others almost princely powers were retained, and
Scottish procedure in trials continued to vary much from the English
model. Appeals from the Court of Session had previously been brought
before the Parliament of Scotland; henceforth they were to be heard by
the Judges, Scots and English, in the British House of Lords. On July
23, 1706, the treaty was completed; on October 3 the Scottish Parliament
met to debate on it, with Queensberry as Commissioner. Harley, the
English Minister, sent down the author of 'Robinson Crusoe' to watch,
spy, argue, persuade, and secretly report, and De Foe's letters contain
the history of the session.
Public-domain text, read in full here on John Shaqi.
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