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188 benefit, which would enable the said inhabitants to purchase more of the British manufactures for their use than at present they are able by reason of the little trade and produce the said province affords." Of how little value our American settlements were still esteemed may be understood from the fact, that, when only a few years before this, in 1715, a bill was brought into parliament (which, however, did not pass) for enabling the crown to purchase what were called the charter and proprietary colonies, William Penn had agreed to sell his lordship of Pennsylvania for twelve thousand pounds! He had himself asked only twenty thousand in the first instance, when the negociation was begun with him in the reign of Anne. In 1724, on the application of the South Sea Company, who had resolved to re-enter upon the long abandoned whale fishery, an act was passed by parliament taking off the duty of three-pence per pound on whale-fins, and allowing fins, oil, and blubber to be exported duty free in British ships for the term of seven years. The company forthwith directed twelve ships of 360 tons each to be built for the Greenland trade; and "hired," says Anderson, "the Duke of Bedfords great wet-dock at Deptford, for the use of their ships and stores, and for curing of their oil and whale-fins." "In the year 1725," he afterwards relates, "the South Sea Company commenced their unfortunate whale-fishery. Their twelve new ships brought home twenty-five whales and a half; and, though this was scarcely a saving voyage, it was, nevertheless, the very best year of any of the eight in which they carried on that fishery. It must, however, he observed, that, the nation having entirely relinquished this trade for so many years past, there was not an Englishman to be found who knew anything of the Greenland or whale-fishery. The Company was, therefore, under the necessity of having all their commanders, harpooners, boat-steerers, line-veerers, and blubber-cutters, from Fohrde in Holstein (some few natives of Scotland excepted, who on this occasion left the service of the Hollanders), who had before this time been constantly employed either by