The Sun.
London, England, 1844-05-08 00:00:00

ENGLAND.

A Genival Court of the Directors of the Governor and Com-
pany of the Bank of England was held yesterday, for the put.-
se of taking into consideration certain special affairs re-
lating to.ther-charter.
Mr. Erle, the Queen's Counsel, was in attendance, for the
first time sirfre his appointment as Counsel for the Bank.
The GoVernor 'and ,t he Directors entered the Court at twelve
o'clock, and the minutes of the last meeting having been read,
The Gnvar-von said the Court had been specially sum-
'twined,is the; purpose, of laying before the Court of Pro.
prietors the communications they had received front her
Majesty's Government, in reference to their chart r. Before,
however, he Proceeded to read those communicatios, and the
answers which the Court of Directors had thought it right to
give to those communications from the Government, it would
be but right, on his part to state to the Court why the Direc-
tors had deviated from the course they had adopted upon the
last renewal of the charter, inasmuch as the Proprietors
ought to'be satisfied and aseirced that there was every de-
sire on the part of that 'Reuse to communicate liith the Pro-
prietors, and to show that they had not been unmindful of
their interests.-L4Hear, hear.) On the last revival of the
charter the Proprietors were called together on the day of
the announcement in Parliament, but, as in the present
stance the measure to be proposed to the Go-
vernment had reference not only to that House,
but to , the general banking of the country, the Court
of Directors-ha
d. thought. that it would not be right to call
the Proprietors together before the announcement to Parlia-
ment was-Made, because the -Directors could only have given
and they could not have stated what
portion of the facts,
the intentions of the Government were as to the other great:
country
banking interests. of the . These were the reasons
why the Court of D'ir'ectors deviated from the course adopted
in 1835.: The ,Proprietors had expressed a with at the last
Court that Ike (the. Governor) should continue to hold that
honourable office in that House ; his colleagues had recom-
mendedfac hina ter the choice of the Proprietors, and in continuing
to hold that. office he felt, that he was
situation of great difficulty, 'but at the same
himself in a
that the itursual of a straightforward coiu
nr
ese was the tight
time he thought
one, and that he should best fulfil his duty to the Proprietors
by pursuing it.—(llear, hear.) He would not detain them
longer by any observations of his, but would read the first
communication the Court of Directors had received from the
Chancellor of the. Exchequer with reference to the renewal of
the Bank Charter. It was datvd the 26th of
April, 1844, and was signed Henry Goulborn. The
Govenadi. theft 'proceeded to read the letter, which
was to .the --following effect—it- was addressed to the
Governor, andDeputy-Governor-orthe Bank of England :
" As under the provisions of the 3d and 4th of William IV., :
chap. 98,1 he ht of August is the day after which it is corn-
petent for .the- House of Commons to give notice to the •
Bank of the determination of their exclusive privileges, her
lidajesty'S Government think it advisable to come to some
understanding with the Bank as to its connection with tile
Government. In submitting to you the views of the Govern-
ment, I would promiao that tho main object of the Govern.