Edward Harley and John Blunt together had devised a scheme to consolidate this debt in much the same way that the Bank of England had consolidated previous debts, although the Bank still held the monopoly on operating as a bank.
Edward Harley ja John Blunt koostasid plaani, mille alusel konsolideerida võlg samamoodi nagu Inglise Pank oli konsolideerinud varasemad võlad, ehkki Inglise Pangale kuulus endiselt pangandusmonopol.