In consequence of complaints to parliament, of the mischiefs arising from excessive issues of paper-money by the eastern governments (that is to say those of New England) a general instruction was sent to all the governors of North America, not to give their assent to any farther bills of that nature, without a suspending clause, till his majesty's pleasure should be known.
The assembly grants money in aid of the expedition against Carthagena.
The governor inlists indented servants upon that occasion; and the assembly apply the money they had given to indemnify the masters.
They give 3,000l. towards the public service, to be applied as his majesty should direct.
Also another sum of 4,000l. to furnish necessaries to the troops in Louisburgh.
And yet another sum of 5,000l. towards the intended expedition against Canada in the year 1746, by an addition of the like sum to their paper currency, and notwithstanding the above instruction, the governor gave his assent to the bill for that purpose.
The proprietaries of Pensylvania oppose the bill brought into parliament for restraining the northern colonies from issuing paper bills of credit, and make a merit of it in the province.
The assembly call upon the proprietaries to contribute to the expence of Indian affairs, which they decline.
The assembly's representation thereon.
A bill for increasing the provincial paper-currency in proportion to the increase of the province, by an addition of 20,000l. thereto.