New Bounty Welcomed

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The British Government has introduced a ‘bounty’ of £1.00 per ship ton on whale p[roduct landed in British ports.

This new ‘bounty’ together with the strengthening prices for whale bone and whale oil have been welcomed by the companies funding whaling expeditions. It has been noted that the South Sea Company failed to return a profit on 172 expeditions that it funded from London’s Howland Dock between 1725 and last year.

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