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Letter from William Tryon to Wills Hill, Marquis of Downshire
Tryon, William, 1729-1788
February 10, 1769
Volume 08, Page 10

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[From Tryon's Letter Book.]
Letter from Governor Tryon to Earl Hillsborough.

Brunswick 10th Feby 1769.

The Resolve passed the two Houses for sinking three shillings of the four shilling sinking tax I also rejected, the laws for the raising those sums not being yet complied with, which directs that the £12,000 raised by Act of Assembly in 1760 and the £20,000 raised in 1761 shall be paid in and burnt, before the above taxes cease, which is evidently not the case, there being some of both those emissions now in circulation, and which cannot otherwise be sunk under the present restriction of the Act of Parliament prohibiting the emission of paper currency in the colonies.

The bill brought in for the encouragement of an Iron Manufactory within this province fell in the Council. It was intended I understand, in favour of some gentlemen in Maryland who are going to erect an iron manufactory on Trent River about thirty miles above the Town of Newbern. The proprietors have already built a grist mill and a saw mill for the use of the workmen, and iron works, The ore is estimated good, and sufficient in quantity: If this project is carried into effect I shall endeavour to inform myself of the particulars of its operation and report them for his Majestys information.