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In obedience to his late Majesties' command by Mr. Secretary Braggs-- twenty thousand pounds was subscribed and pays to the S. Sea Company to the first subscription. A little before he went to Hanover 1720, I thought it my duty to wait upon his Majestie to give him an account of that affair, and to receive his further directions about it; acquainting him that if his maj.ty thought fit to continue that Subscription, it would require 40,000 more to make good the other two Payments to the Company; which cou'd not be well spared out of the Civill List at that time by reason of the great debt upon it. His Maj.ty was pleas'd to command me to send for the subscription receipts and to bring them to him, which was done, and he was pleas'd to give me a receipt for the Same. The next day his Maj.ty sent for me and ordered me to sell those Receipts for him and to bring him the money as soon as it was possible. Accordingly the Receipts were sold and I waited upon his Maj.ty with the money the next day, which amounted mull to the sume of 206400 as will appear by the account sent to Hanover. About two or three days after, 15th June 1720, his majestie [[addition]] ^ sent [[/addition]] for me again, and told me, he would have the whole sume laid out again in the purchase of S. Sea Stock and Subscriptions. I used my endeavors to divert his Maj.ty from this resolution for that the Stock was carried up to an Exorbitant height by the madness of people, and that it was impossible it could Stand, but must fall before he coud return from Hanover and therefor desired it might be layd [[addition]] ^ out [[/addition]] in Land tax tallies. His maj.ty was pleas'd to tell me that I had the charactar of a tinourous man & that he was assur'd the Stock would rise to 1500 percent and positively commanded [[addition]] me [[/addition]] to lay it our in the purchase of the Stock and Subscriptions. Upon this I endeavor'd to persuade his Majestie and at last prevail'd with him to have part of it lay'd out in Tallies, & the rest in S. Stock Subcriptions; which was done accordingly, and an account there of sent to Hanover in a letter dated the 18th Aug. 1720, O.S. at which time S. Stock was 800 percent. In which letter I acquainted him with my apprehensions of the Suddain fall of the stock, and desir'd his Maj.ties' farther orders about it. [[catchword]] on the [[/catchword]]
