The British Press; or, Morning Literary Advertiser.
London, England, 1807-09-11 00:00:00

4,000,0001. purchased float the Sotith Sea Com., Any,
Ste in addition to the beforsementiosied 1.14113.
The increase in the establish oz. t ,t the bank,
which has been rendered necess 7 oy the proves.
sive augmentation of this br aof their bu.iness,
con,ists principahy in a large addition to the nuiriM!r"
clerk,; of whom the w nle number employed in
the poblic business, exclusii ly, or prii.c;pally, was
in 1788, 243 ; in 1796, 313; Rail in 1807. 450 ;
whose salmi's, it is presumed, may be calculated, at
an average, at between 120 i An I 1701 for each clerk ;
taking them at 1351. which etc eds the • ge of
these employed in the South-Sea 1-Luse, the sum is
L 40•730
at 1501. the sues 4 . 67,54
at 1701. the sum is . 76,!) .0
either of which two last sums would pr Thably be suf-
ficient to provide a superannuation fun 1.
The very moderate salaries received by the Go-
vernor, Deputy Governor, and bit eftors, amount to
between 7 and 8.00014 acid only a pan of toese
must he considered a, compensati•4l for the trouble
of superintimding the public busi est.

eavenses and !amities may be ovtimated
at . L. 15.000
•
PI Mahn,. a4ditionvl. and Itvpiirt, at about . 10.000
Lva Fvpanses, and lasses bv trauds va4 Gawks, at
o'mt 10,04
. .

Without being too minute ia endeavouring to cal-
culate what increase may have taken place in thew
last srticles, of whieh the bank do pet keep any
&gin& actount, it is to be noticed that the whole
increase of the omcers who actually transit& the bu-
siness, in the last eleven years. is only 137, whose
annual expense may be from 113,44)1. t e. 1,4901. ;
the adirtion to the ot'ver permanent sharges being
probably about ose-half; or two of that sum ;
but t at the ..al allowance Vernanagement in
the last can years. more than 155.0001. This ge-
neral enitj aural neonate of the expences actually
incurrea by the bankexuioi s, if ue nesr the truth,
the charge witich would have atettptie.l tNe manage-
ment of this business by Governer' r •revioos to
the arrangement which to k place• in it had
been thought .2.visahle t • a :•ipt the suggestion, for.
away made by the Au...rtois ut public accounts,
when this whole matter was ramrod to them by the
treasury.
Their repot, already printed in XIV 30. well de-
-serves the considervion of th.• I-louse ; arid particu-
larly the estimate they formed of tLe real value of
the service, ehich they sums might be executed
at lees than one-tl.ird of rh' charge at that time in-
curred. that is. at a rate of allowance under 147 i.
10s. for each million, whri rue debt was no larger
than has been before stated.

Year Committee, however they may approve the
general pnneiple of the teasn..eng contained in that
report, are tar from thinkit.;; the suers* transfer of
manAgemee.t would Ease b rn expedient, or desir-
able in inch, being of npinion that the debt can be
managed nn where mote co senuhlioutly, and that it
ought no where to be mauagedso cheaply, as it the
bank.

'rho Committee on Finance so fit agreed with the
auditors of vie politic accounts. as to intimate an
opin:on in favour of the reduciien of the existing
rate cf allo.rance for managing the public dew.
They state " that the bank, um. and ittvir.. Cie
charges r,t mahagement. are accustomed In eceive
allow...ma -torn Ut, public, at the rate of 8051. IS..
10d. per minus*. t-ir receiving contribu•i !is for
loans; and 1400 t or 'wartime' More, ft: c.s cribu-
final tr -.e lottery ; and mat they bare tic/ ietretit of
bolding all the ran ,eir for halt-yearly dividends,
beside, havinr the custody of cant fur the navy and
army tervices.
" Upon reviewing therefore these circumstances
in thy present tomes (1797), and without question.
ing the propri ty nt the arrangement madc in 1786.
when the pa' he debt was so much interior in ant; u t,
your Cmittlit.ee cannot toenear to atate it as qii.s-
titm still deserving thi attention of parliainenr,
ther a turther rediroftion of expense cannot, and
ought 'lot. to be made upon this branch of public
expe:iditure
Besides the maneg-ment of the debt. the bank
have large trat.sactic..s with the public, affording a
considerable mini to the corporation ; into tie na-
tate and am.•not of wiich, for the purpose of laying
the whole matter befi.e the Hou.e, it is proper to
enter.

The amount of the several balances of public
money, lyin, in their hands. are first to be stated.

1. The ever tee trilenee of the emit kept et Yoe Ble.{ .luring
the thn • mom's eodme the Alt 01 JAtia,ry ten 7. ,t,er the
head of Customs, Zee mid sump,. appeals to hate been
abent . L. 457,V00
_ . .

sort mrler the heat of the Post 014. e. du►i'' cr-
eep§ months .n 1847, in womb year nut account
pmt 6114 oeeued, about . 80,300
L• 477,500
2. ?he arroyo ►alattee or soodry other ac-
counts, durins a mother p Awl a tore.- ',writhe.
to Stn leuu•ly, 1807, ing. under the Lead .4 Pas-
SOO.lar Geloural of the levees, Trea.ure► of deo
Ware, Tr a.urer tho Or Names, Ilaso4k. Mar
G+l6.-fal, TflUillpan Oflet, Ap:►t teencral
of the Volunteers, I reesurcr of Charism Hoapitat,
Sureevor General of Wo..ds and Forgets, Ac-
countant Genoa, of the COWS of Cluocory, am!
eCialainliol3Bls for tie Ituktleitut of Ike Laud

. 1,131,94
3. The seen. mow of Unchained Divi-
dends in the basil 4 swam* during the year
18u.., appears se into been . t,3-11,1,34
Deduct the seer lent to Grebtenlllol3l
ou that remnant without intense . . 376,739
-^."• 964,415
4. The average berms during** pence of
three months, to sth January, 1307, in the
hare of Cousarasioners fur eh.: Reduction of
the National Debt, arising fro a the Dividends
received by the Curnension rs on to. Stock
purchased by thee, and Insaa the issue of Suit-
.
tag Fund Money . 1,435,r7a
4,461,963

3. A further balance of east. le • very lenge
co .... .to of suns lying eeseitislly in the
Exchequer, which neeeessielps actually eau.
etiolate for the benefit of tno Sank, and aee for
the mess par, applicatale et the end of eaels quer.
ter, to the payment er Osfideeds. it is the eau-
bluned usage at the Bank to draw 416117 from the
hequi.: the several su no in quest to,. as lbw we-
erne, depositing indeed Exchequer Ala la return
tar their own Notes, which siert...misted IS nosey.
This deposit is to be eontiderterl simply as a sepia
ray for the ;melte mane. down away; as the
growth; interele ert the lichilisst Bills Weep
entirely to the Dank; and in elle ill the laths.
quer kills pesiessed by the Lek. which they
thank fit to apply *this rime t't pen Inge&
fiCHBOt fur the •Itcole sem the surplus wmaias
rip the Locbetieer in the ;haps too Ilatft Illetesow
The eines thus taken net of circulation *Mount
acetates/Ali, is Metal miUioaas and by anis dib,
. -