. The financial relations of North Carolina and the Continental Congress. ^Later another comimitteewas appointed which was to supervise the revenues of the State and pre-pare estimates of the amounts necessary to carry on the government. Thereport of this committee for 1736 is of special interest as it shows thegreat advance made in methods of taxation as well as the approximateamounts of the revenue. The estimated receipts for that year were;^ Land Tax £14,749 /7 1 1/2 Poll Tax 27,650 17 6 Town Property 728 /l6 8 1/2 Taxes in aid of the public revenue estimated at 3,800 /15 9 The impost by wa
. The financial relations of North Carolina and the Continental Congress. ^Later another comimitteewas appointed which was to supervise the revenues of the State and pre-pare estimates of the amounts necessary to carry on the government. Thereport of this committee for 1736 is of special interest as it shows thegreat advance made in methods of taxation as well as the approximateamounts of the revenue. The estimated receipts for that year were;^ Land Tax £14,749 /7 1 1/2 Poll Tax 27,650 17 6 Town Property 728 /l6 8 1/2 Taxes in aid of the public revenue estimated at 3,800 /15 9 The impost by water estimated at 10,000 /lO 9 The Contl. Tax of 1/6 etc. laid for this year onlyestimated at 7,905 Total amount of net revenue £64,8$5 7? 80 The estimated expenditures for 1787 were; For Civil List dept. £l6,0Q0 Quota of prin. and int. on French and Dutch Loans tobe paid in 1787 46,401 /12 Contingencies 11,689 /3 9 Commissions and Insolvencies 6,990 /5 2 1/2 Total expenditures ~£8l70807l8 Ul72~ -oOo- 1. C. R. , Xill,63. 2. C. R. , >:il,50. 5. C. R. , XV111, 20 It is readily seen by these estimates that a certain amount of systemhad been evolved out of the cliaos which obtained up to the beginning ofthe Revolution, but by the estimated income of 1786 being more than j£16,000 less than the estimated expenditures for 1787, it is highly prob-able that the annual revenues were not yet sufficient to meet the variousexpenditures of the State. North Carolina in common with the other colonies, procured most ofher military stores during the Revolution by way of the West negotiations with the French agent, the Marquis de Eritaigne werecarried on by means of a committee which lAias appointed by the legislaturefor that particular purpose.^ Arms were sent from France to the West Indiesrunder the Spanish firm name of Hortale? and Company. The munitions ofwar were procured in exchange for produce. The article used most frequent-|ly in exchange was tobacco; of which it
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Keywords: ., bookcentury1900, bookdecade1910, booksubjecttheses, bookyear1910
