[Annapolis] Friday 4th August [1775]
It being represented to this Convention that Mr William Neale is prosecuting a scheme for importing about two Hundred Barrels of Powder, and that he is willing to dispose of the same to the Public on its arrival, at the Rate of sixteen pounds common money per Hundred:
Resolved, that on the delivery of 200 Barrels of good Gun powder, or any less quantity, by the said William Neale, he be paid therefore at the said Rate, out of the Bills of Credit to be issued by the Convention: And further that if the said William Neale will import and deliver good and substantial Musquets, Bayonets & accoutrements, for arming any number, not exceeding five Hundred Soldiers, then on the delivery of them he shall be paid a generous price therefor, out of the said Bills of Credit.
Resolved That this Convention will replace any arms or powder or lead that may be delivered to the order of Messrs Samuel Purviance Junior, William Smith and David Stewart, or any two of them, by the people of Bermuda; or will pay the just and full value thereof at farthest, as soon as American shall be in a settled State.
Resolved, That if any persons will lend and advance to the Public any sums of money not exceeding in the whole four thousand pounds common money, and will pay the same into the hands of Messrs. Purviance, Smith & Stewart, to be by them laid out in the purchase and importation of Gunpowder and good substantial musquets, Bayonets, and accountrements for Soldiers for the use of this Province, the Lenders shall be repaid their money out of the Bills of Credit to be issued, or if Bills of Exchange shall be lent, then the same shall be repaid in the same manner as the other loans of Bills of Exchange to this Convention.