NEW ENGLAND BILLS OF CREDIT OUTSTANDING
Year *Massachusetts Rhode Island Connecticut New Hampshire Total Including Boston Merchants' Notes
1703 6,431 0 0 0 6,431
1704 17,675 0 0 0 17,675
1705 29,455 0 0 0 29,455
1706 31,124 0 0 0 31,124
1707 40,825 0 0 0 40,825
1708 57,003 0 0 0 57,003
1709 66,364 0 0 3,000 69,364
1710 86,648 7,000 13,739 5,500 112,887
1711 103,426 13,330 18,687 7,500 142,913
1712 169,022 13,300 23,637 8,000 213,959
1713 173,970 13,300 24,178 8,000 219,448
1714 152,126 12,198 22,876 9,200 196,400
1715 171,760 51,948 22,490 8,335 254,533
1716 157,062 51,948 23,681 8,335 241,026
1717 231,875 50,225 20,433 8,335 310,868
1718 217,510 48,837 20,080 22,435 308,862
1719 200,660 47,685 19,822 22,345 290,512
1720 189,906 46,826 17,828 22,299 276,859
1721 182,194 86,541 17,487 21,381 307,603
1722 235,100 85,854 17,499 24,993 363,446
1723 260,087 85,211 16,832 24,635 386,765
1724 289,984 84,726 14,663 26,314 415,687
1725 325,188 84,403 12,198 24,611 446,400
1726 358,140 84,247 7,975 27,567 477,929
1727 338,658 82,387 10,274 28,353 459,672
1728 356,388 129,370 9,220 27,375 522,353
1729 344,423 128,861 6,738 27,308 507,330
1730 ** 335,323 128,063 ** 4,381 27,155 494,922
1731 327,786 186,065 4,667 27,155 545,673
1732 310,520 192,729 2,554 26,200 532,003
1733 290,640 292,197 52,024 25,207 660,068
1734 352,588 289,669 52,459 24,840 719,556 829,556
1735 339,054 287,618 52,799 22,783 702,254 ** 812,254
1736 359,211 285,021 51,228 21,783 717,243 ** 827,243
1737 360,000 280,979 55,714 27,319 724,012 801,012
1738 375,815 280,979 54,226 24,989 736,049 813,049
1739 365,237 376,202 50,883 22,985 815,307 892,307
1740 326,412 370,035 ## 168,137 23,677 ## 888,261 ## 932,261
1741 359,919 466,061 # 153,098 23,677 1,002,755 1,046,755
1742 383,118 455,435 149,450 38,760 1,026,763 1,070,763
1743 447,564 454,797 146,381 43,880 1,094,365 1,138,365
1744 456,427 609,082 204,405 142,277 1,412,191
1745 818,143 642,258 322,623 250,277 2,033,301
1746 1,581,910 684,295 511,943 488,879 3,267,027
1747 2,142,725 723,053 507,917 480,439 3,854,134
1748 2,323,225 736,047 500,128 475,480 4,034,880
1749 2,456,678 620,600 480,855 475,480 4,033,613
1750 2,304,394 579,891 476,672 475,480 3,836,437
1751 160,144 795,811 379,844 475,480 1,811,279
* In circulation at end of May
# From 1741 to 1751, the sum outstanding on the Loan of 1733 (49,975 O.T.) and of 1740 (77,000 O.T. terms) was estimated, using the Massachusetts experience in drawing in the 100,000 O.T. Loan of 1716 as a guide with some alterations in the case of the two installments of the Loan of 1740.
** Incorrectly stated in original typewritten MSS, corrected by editor.
## The number for Connecticut was transcribed incorrectly in preparing the tables for Currency of the American Colonies, and the error repeated in the MSS of this paper.
Sources: See Brock, Currency of the American Colonies, pp. 592-3.

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