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The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
What is this article about?
British Treasury contemplates agreement with East India Company to repeal tea drawback to North America and the three-pence duty payable there, gaining fourpence halfpenny per pound in revenue and enabling total repeal of the American revenue act.
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The conversation now is that it is under the contemplation of the Treasury to come into an accommodation with the East India company, as to the duty on tea, in the following manner:
It is proposed to repeal the statute which allows a drawback of fivepence halfpenny a pound on tea shipped to North America, and to repeal the act which imposes a duty of threepence in the pound, payable in America; by which the revenue will be benefited fourpence halfpenny in the pound, and a commercial expedient be adopted for the total repeal of the American revenue act.
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Where did it happen?
Foreign News Details
Primary Location
London
Key Persons
Outcome
revenue will be benefited fourpence halfpenny in the pound, and a commercial expedient be adopted for the total repeal of the american revenue act
Event Details
The conversation now is that it is under the contemplation of the Treasury to come into an accommodation with the East India company, as to the duty on tea, in the following manner: It is proposed to repeal the statute which allows a drawback of fivepence halfpenny a pound on tea shipped to North America, and to repeal the act which imposes a duty of threepence in the pound, payable in America