The National Register.
London, England, 1819-05-23 00:00:00

THE NATIONAL REGISTER.

I:xt.hequer, %lib the Itcoolutions uf the lust tout. The
Chnorellor of the Exch. quer said, he N:lb sorry the. Court
tre nut inclined to illivisioce the (00,00:1. in the manner
opos.ed, he .dt uld Iherefrre bun ii o the o lode Atm 1,11 the
trine taw eed opoo, tronel.%, to he reimid out of tit:: fi,.t le-
t oipts upon xroo log produce of the Luusoliduted fund
iu the mituittg, gutli ter.

" At a Committee of the Tteatury, 220 of July, 1818,1 he
folios% -re4 letter from the Chanel:tau ul the LAthrguer was
read, viz. :
" Downing street, 21st of July, ISIS.
" (kmilerneo. —I beg leave to represent to eau, that it will
he a gieut 01citiiiinodation to the public secure if your
Court n 'lt ctimiebt to exchange the Lticlicani r-bill• io ion.
dated in Nia, 1817, (lo the amount oi.
90,0001, of which pat. his aheady heel' paid J.'S, and
the tem:tinder o ill lit paid ..s •otni as the e
public will admit) for other bill, to the like amount, to be
dated on the 4th of Auz,u,t ht xt, and to beat iiitei est at Cite
rate of 2d. per et at. per diem. I hog, tit. retort' to i•quest-
you will have the goodae. to lUDV )out C0..1 Eto CE/LaCUE
thereto ; and

" I have the honour to remain, &c.
" V NSITTART."
" To the Governor and Deputy GOVCfIIUf or tile flank of
Lng:nad."
" Rem)ived.—That tinier tie circumstances of the deft•
riencv of :1•43,,;(X1I. of theNuoi of 1,00),0 .01. eitaiged to be
paid for the month of May. the dis.ippointinent in not re-
ceiving 1,000,0001. fur the month of June, and no piovisiou
twin,: yet Anode, for the hill, of the ttrt o 1.1 mouth, now
neatly spiting: the Committee tue of opinion that the
Court of Directors are not to comply with c.e re-
quest contained in the v.,id letter: neve,thuh.s, they
teal) to it to the Omit, ii the lition.e.lor of the Lx-
chequer desire it.

'That the Governor and I) pntt Governor be reepie.ted
to unit upon the Chancellor ‘f the Exchequer uiiii the
atioi,e resolution."

" At a Committee of Treasury, 231 July, 1819.
" Th•• Gaversior argil:lime" the Committee, that him-elf
and the Deputy Governor Lad waited upon the Claim, Iliir
of the Lai liequiet, and had commailicaird to him the Cu so-
lution of the Committee on his linter of the ,1•t ingot, in
eon* (thence of ss hich the Chancellor of the I,schequer had
derired that his letter n4lit not he laid before the. Court.
" At a Committee of Treasury, sthy'kugust, ISIS.
11 The Governor Lid before the Cionetatite a proposition
delivered to himself am! the Deputy Cove' nor this omitting,
by the Cii•mceloi of the Exchequer, as foitaos :
lt is
p.oposed to complete the pay nimit of 1.000,0.01,
an the ;its bids bill by the li ink, 116,1 to pay. 200,0001. on
the June bilk, itn.l M advert se the ;one bilk, the Bank coo-
scniiii; to exchatt;e the remainder of their Alay
1• Keno!, cd, —The Cononittee, havinsr, taken into conside-
ration the proposition of the Chancellor of the Exchequer,
are of opinion, that consistently s% ith the ss iiimisnts expres-
sed uu the hth and 11th Ala}', and um VIA Jul., they cannot
recommend the (uwt to exchange the bills misted in May,
Nio st the instalments for June and Jul.. are unpaid ; 11411
that the liuvernur he desiicd to acunaitit the Chancellor of
the Exchequer a tilt the :.but t• resolution."

" At a Committee of 'freasnry, 15111 Jan. ISI9.
" The Governor 'ital. d the convsrsation which, had
pas‘cd at Fife-house on Tuesday last, and that a question
to the ret!ois effect had been put to

" Whether, in case the advances ul the Bank to Go-
vernment vtiuniti he r.doced to £TI,')00,000 in the
of it %%odd euudile the Bank io can't ul the foreini
exclideires, and give the Directeas sufficient confidence to
heel the opt niog

" The Committee of Treasury beg to give it as the
opinion of its members, that if tbe GliVillieei of the Batik
to Govt foment are only t educed in the month of April to
the degree proposed leg the last Sessions of
meat, tl.o inters al betncen Oat time and the sth of July
will be too Omit to effect so essential a reduction lit the
issue of Bank notes, us appear, to them necessary to try
the experiment, of n lietLet theforeign exchanges can by
that measure he tinned iu favcor of theist Britain, and
be afterwards maintained in that roiti se, mare esiieciady
at a time when the then comparatisely high rate of inte-
rest glut it abroad induces persons to invest their capital
in foreign countries.
" It has ever been :lie des're of the Directors to keep
the issue of Bank notes at as low an amount as they could
had cumistelit with a due attention to the great interests
of the cotiliti y, which they diem to be the peculiar object
of their care and although a reduction room their pre-
sent amount may be thought expedient, wish a view to the:
resumption of cash pay meats, yet such a mess are t!,1!Illst
be attained by any other than gradual nieani, witiiout
great to the commercial pelt of the cositmanity, ,
us how eo_opt ation is must dtsrraLie in producing a fi-
sourable turn in the exchanges. . . . .

" Whilst the standard of the gold coin is continued, as
now established, the cape timice et the last tau y esi:s, 111
which a large issue of specie has been made, as %sell as
the experience of a course of fornivr Cat 4. lb ince• that
the law cannot restrain its exportation, under cii coin-
at,. nees similar to those in a Lich this country is now placed,
and its relaliaa to the rest at ; it is not a soildt..l/,
but a steady and settled favourable rate of exchangs
alsieh Call alone ¢he hopes to the maintaiiiim; a 1111 villa..
corr. 'ley, amidst the es tonding circulation is irked by
the financial and commercial intim ests of Oie•t It i OHM.

" There r. mains another question on whi.di die Du tic-
tors requebi the opinion of Corellllllelr, as in gis ing it
they will be donbtless assi•tt d by the 14‘s othreis of the
('town. TH.. reintes to the inor.t plop,' pineerdi..4 on
the lout of the IS.tok, iu pr....ennui:: the n. wli ate
ultuo,t daily committing the citine of toigiug of attn. lug
countei frit not es.

Also, whether any and %what proceeding it Imetnnes
Item to take r gains! a desetipt ton or pet Sons.•%, lin, by
their u iiing%, :sit endeavouring to deery the plume cie.lit
of the country, and to vat() those pi tacos chose duty it is
to maintain it.. .

The Thiectoi. have an anxious Inlre that his I.ijes-
t's ('iosetument NM consider it to he ho intptol•er
aplai-
luuoff its anthoiity, to beCO:ll46 the idoscrtitois io the
most flagrant of throw ewe., and not let the task fall iilwn
Ecntleinen, who, liens the delicacy oh their conGd‘sin4l

165

trust, are very lunch averse to become the dervanitis of
tu-ir ossai otput,oion, although so unjustly attacked."
" At a Committee of Treasury, J4ll. 20, Ina,.
" The Governor having Rill:lilted the +lllllO4llCe of the
conversation at a coaferem e at Fire.hoti•e, on the Wit
inst., which was attended b) set rle.l members of the Com-
mitter, as well as Ibr eloar, of the Bank :
" Itentilveit —Thit Ctnumiltre his &Mit-rarely
weiglied tlnr. subj...rt, aii.l run•idertql tl:c improbalditty
that the fortign rkeltdoges will he turned and irerithitrehtly
sruhd in fesmir of Groat ite Onto by Nl•orult, Ib2o, the
time to which it is proposed to limit the darillit..si on the
restlietioti of ctivli itapiit Ills, think it a owner .4- the
kipt.ll4,lle Ul.nt tltr pub ie ,11•01 cot br thlutled
with an oxiieetatiou st bnrh iv not lik, ty to he I enlised. •

" Thal it apprers 1.14.4.1.461 u to sownit to the c.,hst.-
qhehr.es of o P“ilioths. flinty 'wintry, aarLer than 1 a•s
bill tot a, time ihatlegh.tte to the (II etoostunech tU which
than ...wittily may be plated."