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[96] While the answer was waited for, it was announced
chap. V.} 1763. April.
to the foreign ministers that the king had confided the executive powers of government to a triumvirate, consisting of Grenville, as the head of the treasury and chancellor of the exchequer, and of Egremont and Halifax, the two secretaries of state. After making this arrangement, Bute resigned, having established, by act of parliament, a standing army in America, and bequeathing to his successor his pledge to the House of Commons, to provide for the support of that army after the current year, by taxes on America.

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