Privy Council of England the Privy Council of England for more than a hundred years after the Union of the Crowns. In 1708, one year after the Treaty and Acts of Union of 1707, it was abolished by the Parliament of Great Britain and thereafter there was one Privy Council of Great Britain sitting in London. Nevertheless, long after the Act of Union 1800 the Kingdom of Ireland retained the Privy Council of Ireland, which came to an end only in 1922, when Southern Ireland separated from the United Kingdom, to be succeeded by the Privy Council of Northern Ireland. Privy Council of England
Acts of Union 1707 known as the Seven ill years which led to strained relations with England. In 1698, the Company of Scotland Trading to Africa and the Indies received a charter to raise capital through public subscription. The Company invested in the Darién scheme, an ambitious plan funded almost entirely by Scottish investors to build a colony on the Isthmus of Panama for trade with East Asia. The scheme was a disaster; the losses of over £150,000 severely impacted the Scottish commercial system. The financial losses incurred have often been suggested as one of the drivers behind Union. Deeper political integration had been