London (England) -- Description and travel; London (England) -- History -- 18th century
There is at present due to this Bank from the £1,600,000
Government on the original fund at £6 per cent.
For cancelling of Exchequer bills, 3 George I 1,500,000
Purchased of the South Sea Company 4,000,000
Annuities at £4 per cent. charged on the duty on 1,750,000
coals since Lady Day, 1719.
Ditto, charged on the surplus of the funds for the 1,250,000
lottery of 1714
Total due to the Bank of England £10,100,000
Give me leave to observe here, that most of the foreign trade of this
town is transacted by brokers, of which there are three sorts, viz., 1st,
Exchange-brokers, 2ndly, brokers for goods and merchandise, and 3rdly,
ship-brokers.
The exchange-brokers, who are versed in the course of exchange, furnish
the merchant with money or bills, as he has occasion for either.
The broker of goods lets the merchant know where he may furnish himself
with them, and the settled price; or if he wants to sell, where he may
meet with a chapman for his effects.
The ship-broker finds ships for the merchant, when he wants to send his
goods abroad; or goods for captains and masters of vessels to freight
their ships with.
If it be demanded what share of foreign trade London hath with respect to
the rest of the kingdom; it seems to have a fourth part of the whole, at
least if we may judge by the produce of the customs, which are as three
to twelve, or thereabouts.
As to the manufactures carried on in the City of London; here mechanics
have acquired a great deal of reputation in the world, and in many things
not without reason; for they excel in clock and cabinet-work, in making
saddles, and all sorts of tools, and other things. The door and gun
locks, and fire-arms, are nowhere to be paralleled; the silk manufacture
is equal to that of France, or any other country, and is prodigiously
enlarged of late years. Dyers also are very numerous in and about
London, and are not exceeded by any foreigners in the beauty or
durableness of their colours: and those that print and stain cottons and
linens have brought that art to great perfection. Printers of books,
also, may equal those abroad; but the best paper is imported from other
countries.
Public-domain text, read in full here on John Shaqi.
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