THREE:FLORA MACDONALD. (After the Portrait by J. Markluin, 1747.)��If it��s still there, Larry, it will take some hunting. Anyway, we almost know their plans. If they don��t find anything they will come back to the hangar with the crate. If they do������

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THREE:Before this great measure had passed, Pitt had introduced his Budget. On the 30th of June he made his financial statement. He said that the resources of the country were in a very burthened and disordered state; but that was not his work, but the work of his predecessors. The outstanding arrears, owing to the late war, were already ascertained to amount at least to fourteen million pounds. These operated very injuriously on the public credit, being at a discount of from fifteen to twenty per cent.; and that without greatly[308] affecting the public securities, he should not be able to find more than six million six hundred thousand six hundred pounds of them at once. To meet the interest, he proposed to raise taxes to the amount of nine hundred thousand pounds a year. The imposts��some entirely new, and some augmented��were on hats, ribbons, gauzes, coals, saddle and pleasure horses, printed linens and calicoes, candles, paper, and hackney coaches; licences to deal in excisable commodities, bricks, and tiles; licences for shooting game."I am certainly not good enough for anything else." He began to whistle, but it was not a success, and he stopped.

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THREE:He gathered his courage for what he was going to say next, with a feeling almost of guilt. "Forbes says that I am doing you an injustice, keeping you here; that it is no life for you."

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THREE:��Not that!�� the mate declared. ��It��ud be marked Scorpion. No, Mr. Everdail, this is no life preserver we��ve ever seen before.��Vigilant Stair had discovered the ships that had been prepared at Havre, by the connivance and aid of the late king, and he insisted that they should be stopped. Admiral Byng also appeared off Havre with a squadron, and Lord Stair demanded that the ships should be given up to him. With this the Regent declined to comply, but he ordered them to be unloaded, and the arms to be deposited in the royal arsenal. One ship, however, escaped the search, containing, according to Bolingbroke, one thousand three hundred arms, and four thousand pounds of powder, which he proposed to send to Lord Mar, in Scotland.

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THREE:Early in this year Admiral Sir John Jervis fell in with the great Spanish fleet, which was intended to co-operate with the French in the invasion of Ireland, and defeated it. Nelson had predicted that the Spanish fleet would not take much destroying. Admiral de Langara had had a fortunate escape in the Mediterranean, in venturing to Corsica. He had now been superseded by Don Juan de Cordova, and Jervis, on the 14th of February, met with him off Cape St. Vincent. Cordova had twenty-seven sail of the line, Jervis only fifteen; but he had Nelson in his fleet, which more than counterbalanced the inequality of numbers; and the discipline on board the Spanish ships was far below that of the British. Nelson broke through the Spanish line, and chiefly by his exertions and man?uvres four of the largest vessels were taken, including one of one hundred and twelve guns. The rest escaped into Cadiz, and there the British blockaded them. The news of this brilliant victory arrived in London when the public was greatly dispirited by the exhausted state of the Bank of England, and helped to revive confidence. Sir John Jervis was made Earl of St. Vincent, and Nelson, the real hero, a Knight of the Bath.He had been able to borrow a hundred and eighty thousand livres from two of his adherents, had made serious exertions to raise arms, and though he had kept his project profoundly secret from the French King and Ministry, lest they might forcibly detain him, he had managed to engage a French man-of-war called the Elizabeth, carrying sixty-seven guns, and a brig of eighteen guns called the Doutelle, an excellent sailer. On the 2nd of July the Doutelle left St. Nazaire, at the mouth of the Loire, and waited at Belleisle for the Elizabeth, when they put forward to sea in good earnest. Unfortunately, only four days after leaving Belleisle, they fell in with the British man-of-war the Lion, of fifty-eight guns, commanded by the brave Captain Butt, who in Anson's expedition had stormed Paita. There was no avoiding an engagement, which continued warmly for five or six hours, when both vessels were so disabled that they were compelled to put back respectively to England and France.

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