The British Press; or, Morning Literary Advertiser.
London, England, 1820-05-27 00:00:00

LONDON,
SATURDAY, MAY 2/, ism

Yesterday, at half..past twelve o'clock. Mr. HASS.
from the Bank of England, made an official coin-
tnunication from Government, stating that Exche-
quer Bills would be funded to the amount of seven
millions, and that the Ca.itscv.t.t.ox of the EXCIIE•
QUER would probably requite a Loan to the
umount of from five to *even millions.
The following is the substance of the communi-
cation that was made

" The Earl of LivekrooL and the Cliattc2l.,
Loa of the Eicuettusa propose to open • book its
the Bank of England on Wednesday the 31st in-
stant, and the Ist and 441 of June, for receiving the
subscriptions of persons desirous of funding Exche-
quer Bills, not exceeding seven million,. It is pro-
posed that 99 five per cent. stuck (the dividend to
commence from the sth July, 1820) should be
given for every PM/. principal Exchequer Bills
subscribed ; that 20 per cent. of the amount sob.
scribed should he deposited at the time of subscrib.
big ; 40 per cent. 28th July ; 20 per cent. 28th
September; 20 per cent. 14th November; and 10
per cent. 16th January, 1821.
" The subscribers would be allowed to pay Ex.
chequer Bills in advance, and to receive the inte-
rest on the amount of the Exchequer Bills for the
first instalment from the date of the Bills up to the
31st May, and upon the amount for each subse-
quent instalment from the date of the Exchequer
Bills up to the day when the instalments would
have becoMe due. Subscribers to have the option
of paying money in lieu of Exchequer Bills, upon
paying also a premium of 20s. for eery 100/. in
money. Subscribers paying money in advance to
be allowed interest at the rate of 2d. per diem, from
the day of payment to the day when the instalment
in respect of which the payment made would have
become due.

*I Scrip receipts to be ironed by the Bank in the
some manner es for • Loan.
** The Esrl of Liveareot. mid the C/lINNCBLm
LON of the EXCHEQUIR reserve to themselves the
power of making any Loan for the service of the
year, to the amount of five millions, end to increase
such Loan by such • snot u the whole amount may
fall short by seven millions. They also reserve to
themselves the power of taking • Loan of twelve
millions from the Sinking Fund."
Two 'prink:Ms of primary importanee were di,.
cussed last night in Parliament. In the Lomds the
Marquis of LANSVOWN, after en excellent speech
on the State of the Nation. moved for • Committee
of inquiry on the state of its foreign trade. as
Lordship was followed by Lord LIVIMPOOL in en
able exposition of the subject, and the motion was
carried near. di,.
In the Commons, Lord MILTON brought for-
ward hie motion for the repeal of the Foreign Wool
Tex. which, after en interesting debate. was nega-
tived on a division by • majority of 74: the auto.
hers being, Ayes, Ign—Noes, 204. Both Houses
adjourned to 'Tuesday 'text.
We have received Brussels Papers to the Steth
inst.: they announce the entire union of the Lu-
therans and Calvinists its the Duchy nf Saxony in
the exercise of religions rites.

DEATH.
Last week, in Ireland, aged two years, Thomas, 'mad son
of Viscount duetlye.

HIGH WATER THIS DAY AT LONDON BRIDGE.
Mersin 1, Ow 1. I Elwin**. b 7 sfir, 1.

Ptekrelieted Pubßolled el Tits iILITISO Puss see TO"
G&SIS 01 Re. 117, Striae, by C. CORNWELL.
el tbe Sense.