Ownership of privateers were usually spread out among two or three partners. Prize ship cargoes were sold at auction in Halifax and then resold. On more than one occasion, the cargoes were resold to Americans.
Privateers carried guns in varying numbers and sizes.
In order to be a privateer, you needed a Letter of Marque, a license issued by Nova Scotia;s lieutenat governor. Without one, the privateer's actions would be considered piracy. Of course, it was still piracy to Americans and vice-versa.
Owners had to post 1,500 pounds to 3000 pounds as a bond for good behavior.
Brock-Perry
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