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The Townshend Revenue Act, 1767 Summary (Text of the Act below) In the summer of 1766, King George III of England replaced Prime Minister Rockingham with William Pitt. Pitt was popular in the colonies. He opposed the Stamp Act and believed that colonists were entitled to all the rights of English citizens. Pitt suddenly became sick. Charles Townshend, Chancellor of the Exchequer, took over the ...