Equivalent, The (Anglo-Scottish Union indemnity)
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Sources
found: Work cat.: The Union of 1707 : with a special chapter on the Equivalent, 2006:t.p., p. 70 (Article XV of the Treaty set forth the amount--398,085[English pound], 10 shillings--and the purpose of the Equivalent) p. 71 (it was supposed to compensate the Scottish population for assuming a share in the English National Debt, which now became "British") p. 72 (the Equivalent was "due and payable" from the time of the Union and presumed to be in specie) p. 74 (to add insult to injury the English had borrowed money to finance the Equivalent and this was now added to the British National Debt of which the Scots had to bear their share)
found: The equivalent money secured to Scotland by the Treaty of Union, and its present mismanagement by the so-called Board of Trustees for the promotion of Scottish manufactures, 1863.
found: Great Britain. Commissioners for Taking and Stating the Debts Due and Growing Due to Scotland by Way of Equivalent. Several reports presented to the House of Commons by the Commissioners for Taking and Stating the Debts Due and Growing Due to Scotland by Way of Equivalent, 1719.
found: A Union for Empire : political thought and the British Union of 1707, 1995:p. 117 (Andrew Fletcher received his payments out of the Equivalent in 1707)
found: Scottish Society, 1707-1830, 2001(that the XV Article created the so-called Equivalent further sweetened the pill for Scots)
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Change Notes
2006-07-17: new
2007-02-10: revised
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