There are several points not clear in this report. In the first place it does not agree with the report of 1739, which, from a comparison with the yearly treasury reports, I believe is correct. The present report places the amount of bills issued to supply the treasury before 1739, at £106,300, and the amount burnt before that time at £88,329. In the second place it states the amount of the bills to supply the treasury, issued between 1739 and 1749, as £206,000 (old tenor value) whereas the records and treasury reports show £219,600. If we adopt the report of 1739, to that date, and rely upon the records and treasury reports after that period we have the following result. Bills issued to supply the £ 336,611 old tenor value. treasury previous to 1749 Burnt during same period 194,429 --------- Outstanding January, 1749/50 142,182 Of which there were in the 24,891 treasury --------- In circulation 117,291 per cap. of population £3 11s. Sterling Value at 11 to 1 10,663 per cap. of population 6s. 5d. These bills must be redeemed by taxation. There were also actually outstanding probably from £430,000-£440,000 of bank money, of sterling value of about £40,000. Adding these amounts we should have a nominal per capita debt of £16 15s. sterling £1 10s. 7d. Douglas in his Summary (p. ) estimates outstanding bills (old tenor value) of the colonies in 1745, as follows: Massachusetts £2,466,612 Connecticut 281,000 Rhode Island 550,000 New Hampshire 450,000 A committee petitioning the king against further issues in September, 1750, places the amount outstanding at £525,335. (R.I. Col. Recs. V, 312) Footnote 109: