In April, 1763, just three years after the accession of George III., George Grenville became Prime Minister of England, while at the same time Charles Townshend was First Lord of Trade. Townshend had paid considerable attention to American affairs, and was supposed to know more about them than any other man in England. But his studies had led him to the conclusion that the colonies ought to be deprived of their self-government, and that a standing army ought to be maintained in America by means of taxes arbitrarily assessed upon the people by Parliament. Grenville was far from approving of such extreme measures as these, but he thought that a tax ought to be imposed upon the colonies, in order to help defray the expenses of the French war. Yet in point of fact, as Franklin truly said, the colonies had "raised, paid, and clothed nearly twenty-five thousand men during the last war,--a number equal to those sent from Great Britain, and far beyond their proportion. They went deeply into debt in doing this; and all their estates and taxes are mortgaged for many years to come for discharging that debt." That the colonies had contributed more than an equitable share toward the expenses of the war, that their contributions had even been in excess of their ability, had been freely acknowledged by Parliament, which, on several occasions between 1756 and 1763, had voted large sums to be paid over to the colonies, in partial compensation for their excessive outlay. Parliament was therefore clearly estopped from making the defrayal of the war debt the occasion for imposing upon the colonies a tax of a new and strange character, and under circumstances which made the payment of such a tax seem equivalent to a surrender of their rights as free English communities. In March, 1764, Grenville introduced in the House of Commons a series of Declaratory Resolves, announcing the intention of the government to raise a revenue in America by requiring various commercial and legal documents, newspapers, etc., to bear stamps, varying in price from threepence to ten pounds. A year was to elapse, however, before these resolutions should take effect in a formal enactment.