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To the Right Honourable Henry Seymour Conway, Efq One of his Majefty's Principal Secretaries of State, &c. &c. &c.

The Memorial of the Committee of Merchants of London, appointed by the Holders and Proprietors of Canada Bills, to tranfact the Bufinefs relative thereto,

Humbly Sheweth,

T

HAT the thirteenth article of the convention made with the Court of France, for the final fettlement of the Canada bills, is, of itself, infufficient to explain to the proprietors of the faid bills in what manner the sum of three millions of livres, granted by the Court of France, as an indemnification or premium, is to be diftributed.

Therefore, humbly folicit your Excellency to permit the following explanation (which is founded on the Committee's propofition for the payment of thefe papers, delivered on the 27th day of December laft) to be annexed to the convention, and published therewith, for the information of all whom it may concern.

And your memorialists, as in duty bound, will ever pray, &c. &c. &c.

London, April 28, 1766.

BROOK WATSON,

ROBERT ALLEN.

FRANCIS RYBOT.

ROBERT HUNTER.

ISIDORE LINCH.

CHARLES CROCKAT.

WM. GREENWOOD.

ROBERT GRANT.

DANIEL VIALARS.

The

The Committee's Explanation, relative to the diftribution of the Three Millions of Livres granted by the Court of France, as a Premium or Indemnification in the Thirteenth Article of the foregoing Convention.

TH

HIS indemnification having been granted by the Court of France, in confequence of repeated propofitions made by the Committee appointed for the management of this bufinefs, and approved of by the proprietors and holders of the said papers at various general meetings affembled for that purpose, at which the diftribution of the faid indemnification or premium, which was the bafis of the convention fince acceded to, was determined and agreed upon.

The Committee think it a duty incumbent on them, for the better information of every British proprietor or holder of Canada paper, to publish the particulars of the faid diftribution, which they are now enabled to do with precision.

In order to form a judgement (as near as poffible) of the value of each kind of paper, it will be neceffary to lay before the publick a ftate thereof, as it will stand reduced, agreeable to the terms of the convention, and an account of the proportional part of the indemnification or premium of three millions of livres, which each fpecies of paper will be entitled to receive, after the clofing of the liqui dation; i. e. the first day of October next.

By the most exact eftimates which it has been poffible to make, as well as by the registers of the Court of France, it appears that there ftill exifts unliquidated,

Bills of Exchange and Certifi-}

cates

}4 Millions of Livres.

Ordonnances and Cards, &c. 12

Total 16

Which when liquidated and
converted into reconnoiffan-
ces, will produce as under:

Four millions paid at 50 per} 2 Millions.

Centum

Twelve

Twelve Millions at 25

3 Millions.

The Capital of the liquidated debt, 5 Millions.

The Distribution of the two Millions Five Hundred Thousand Livres in Reconnoiffances, and the Five Hundred Thousand Livres in Specie, agreeable to the Propofition, in Confequence of which the fame was obtained, will be as follows:

it must be proportionably divided 420,000 in Specie in the fame manner as the Recon. I noiffances, that is to say, if 2 Millions receive 500,000 Livres, what will 2,100,000 receive? Anfwer,

To be divided in the Month

of November next on the

2,520,000

supposed twelve Millions (2,520,000 of Ordonnances,Cards,&c.

On