The National Register.
London, England, 1819-05-24 00:00:00

HOWSE OF COMMONS.

" That it is eapetheht to continue the Itentriction on pay-
ments in Cosa by the hank ui England, bilunol the tune to
%Melo it is at present limited by law.
". That it is expedient that a definite period should be
fixed fur the terroluation of the Restrit ti on on Cash Pay-
mews; and that preparatory measures mould be taken with
a view to fneilitute and ensure. oa the airivnl 14th:it period,
the poynn tot of the Pinmosorx Notes of the Bark of Eng-
land la the legal Coat of ti e
" That is order to give to the Bank a greater controul
over the issues of their Dotes than they at pre,rut 110.4 flit,
provision might to be made fir tue gradual relay toe t In
the Kink of the sum of tea mations; being part of- the sum
duo to the Bank. on TICTOIIIIII of advances made by t help for
the public oetvice, and nu accoent' of the purchase of
Exchequer Bilis wafer the authority of the Acts of the
Len itlot tore.

';'l bat it is expedient to provide, by law, that from the
Ist of February, 1820, the Rank bimll be liable to deliver,
on demand.gold of standard borne's, having been assayed and
stamped at hi, ‘l,jetly', Mint. n qu intity of not lets than
:Allay (more, required in exchange for such an amount
of notes of the hark at shall be equal to the v due ulthe gold
so required, at the rate of flair 'wood, one shilling per ounce.
" That foam. the Is( of ortobi r, 1820, the lank shall he
liuhle to deliver, on demand, gold of tasidard fineness, assay-
ed and stumped as before mentioned,. a quantity of lint less
than ,Irby ounces being required io ex. hange foe such an
anemia of notes ;!ii shall he equal In the value of the gold so
required, at the rate of 31. 194. 6d. per ounce.
That from the Ist of May 1821, the Bank than be liable
13 deliver, on demand, gold ',isthmian! fineness, assayed and
bustard as befove-mestiosted, a quantity of not lets than
sixty ounces being required in excistoge for such an amount
of notes ss shall be equal in value to the gold ft/ 11.4U:red, at
the rate of 31. ITs. 100. peeoutice.
" That the Bank may, at any period between the Ist of
Fel•ruary. 18Y04.and slue Ist of May, 18'g I, undertake to
deliver gold of standard dueness, assayed and stamped as
before mentioattd, at any rate between the sums of 4! Is.
per trance, and 3419,. leid. per ounce; but that such
intermediate rate having been mice fixed by the Bank,
that rate *ball sat be sebseqeent ty increased.
" That from the Ist of May, 1823, the Rank shall pay its
notes, on demand, In the legal Coin of the Realm.
" That it is expedient to repeal the laws, prohibiting the
melting sod the exportation of the Coin of the Realm..
" 19th May, 1819."

CORRESPONDENCE: BETWEEN THE (MAN-
CELLOR OF THE EXCHEQUER AND THE
BANK DIRECTORS.

Donning-oreet, Ipt of July, 1818.

" Gentlemen,—lt being alio:lately necdssary that the rum
ad d out of the ronsolidated Fund in Ireland for the
put lic service, should be replaced to the credit of the Con-
solidated Fund before the dose of the prrsent quarter, hod
it appealing probable that she payments into tite Exchequer
will not niord the means of doing it, and of providing tor
other necessary payments, in which care the mil) mode in
which die same ton lie replaced will Ye by uu iioue of
Exchrmier-hits nor that purpose, which *ill not exceed
&0.000 " I rrque►t, tin-refine, you 11 ill have the giontneiis to,
Inner your Court to COMM to recciveeaeb Exchequer-bills as
moucy, t o be applied towards payment of the dividends be-

°miss,: due on the sth instant.
" I tvi.h It to be unilvn.tood that this advance Is not in.
tended to inco-nse the permanent advance of the Bank, but is
to be provided for separately.
" I huve the honour to he, Gentlemen,
" Your suest obedient getvant, N. VAN SITTART."
" The Governor and Deputy Governor of the Bank of
England."
" Resolved,—That the Committee cannot recommend to
the Court s.f Disectort to comply with the foregoing appli-
cation."

'• Revolved,—'l hat the application of the Chancellor of
the Exchequer vamp& hr chinplied
" At a Coot of Directles ott th,• flank, on Thursday. she
9th of July, ISI e. the Governor reported that himself and
the Deputy Gott:rout had waited upou the Chancellor of the