The Statesman.
London, England, 1819-05-10 00:00:00

vino, which makes the growing produce of the Coo.
s..lidated Food ar.ilablo to a limited eaten., for the
public service; and in a certain degree within those
limits lessens the benefit preeiossly deri►ed by t►e
Batik from its accemelation from the but to the last
Icy of eac► claimer.
" It appears, however, to the Cemmillee, that
whatever may be either now or hereafter, the
amount of the public belasces held by the Bank, that
mount ought slimy' be kept le view, Od al-
'nuance. mode for It whin the od►sseea from Oho
Bank to the Government ate ender cowsideration ;
for It is clear, that. ifs fins! settlement of dal at.
conist were to take plies the public money deposited
with the Bask most he set of against the advances
mods broken' to the Goverstmeut epee liacheqeer
Bills. and ether securities bestial; interest.
" In confirmatioe et this view of the subject. the
Committee beg leave to refer to the evidence of Mr.
Ilaldimaud, sow one .of Ow Bonk Directors. hir
motet that. " it is his ey.loiest, that • see of from
eight to ten millions should ho repaid to the Barak
by Government, supposing the public baleen:es to
remain wit hoot soy considerable decrease in amount.'
Aid being asked, g DIM the aggregate emonst of
such balances spent. es • dimsnitius' of the total
advsnces made by the Beak to the Pohlic ?' heauseers
—' Yes, it does.'
" Far Ihe t alleged, it appears to your Com.
elite*, bat although the amount of the *dances
of the Bank open Goverment modeles is accurate.
by stated I. the Appendix, yet in determisiog the ef-
fect whirs these advances have, of dimiuishiug the
controol of she Bank seer their loam, • deduction
most be made cot respondisg is amount to the ge
von, held for any given period by the Bonk as a de.
posit of public money, show thet deposit, by lessen-
ing the amount of notes in circulation, restores to the
Beak in proportion is its @awe!, the power of se-
eding to t►e applications mode to the for the dis-
count of mercantile bills.

" Your Coreraitlee trait they shall not be sows&
doled to huge entered into goneceesary details is h•e•
log thin give* a fall esposition of the relations be-
leers the Goveromoot and the Bank. It will be
soen.by reference to the evidence, that the amount of
their eilvaners to the niblie is urged by vise Bask as
ante of the win iontodietents to the early rrsamptinn
of Calls Pay offslt; said that in order to make pre-
parations for their tesomption, the Bank re.
qeire • .repayrnent to the esteot of lea millings.
The Committee was. outings therefore that the
moment and operation of these advances, sod the
degree to which their effect *is Coonterartrd by
the balaaces of pablic money held by the Bask,
should be clearly understood ; and this appea►ed to
th►m the more owe:vary, as the Committee feel it
their duty to close this bt4hcb of their enquiry, with
an earnest recommendation to the !loos►, to make im-
mediate provision for the grades! repayment to the
Bank of that portion of the debt, which the Bank
require to be repaid, end to ',trebles\ some permanent
provlvinuo, limiting and delloiog the authority of the
think to notice advances to the Government, and to
parch■se Government securities; end bringing ender
the el,nstant inspection of Parliament the 'latent to
'high that aothoritT may be is future eaercised."
[1 o be wallowed.]

Fogel, rat LONDON OAZETTR, ALdr S.