#ScotEcon - Twitter Hashtag

8 months ago

"They told us the 'Equivalent' was a payout for Darien. History shows it was a payday for the Rogues, trapping Scotland in London's debt. Only 25% was cash—the rest, London IOUs. The chain remains, just with a new currency. #IFCLens #ActOfUnion #Scotecon"

NewnhamTony's tweet photo. "They told us the 'Equivalent' was a payout for Darien. History shows it was a payday for the Rogues, trapping Scotland in London's debt. Only 25% was cash—the rest, London IOUs. The chain remains, just with a new currency. #IFCLens #ActOfUnion #Scotecon" https://t.co/WLd2bqlVq1

Aodh Mag Uidhir - Fìor Titan @Aodh_MagUidhir

8 months ago

@NewnhamTony Here's the thing, only £100,085 was paid up front, the rest was met with Exchequer Bills, which could only be redeemed in London. WM was so skint, it couldn't afford the £398,000 up front. Scots taxes went into paying off the rest of the £398,000, after 1707, until 1727.