T DE! CHRON PCLAE, 
appear, on the whole, to have pro- 
duced any permanent difadvan- 
tageous effect on the cafh of the 
Bank, till the month of September, 
¥795: The cafh of the Bank had, 
indeed, been much lower than u- 
fual in March and June 1793; but 
it rofe in the September of that year 
nearly to its hve average. From 
September, 1795, however, it con- 
tinued progrefiively declining, fo as 
to be, during the whole of the year 
179% confiderably lefs than in the 
year 1795, but not lower at the end 
of 1796 than in the middle of that 
year; and in the commencement of 
the prefent year ftill lefs than in the 
year 1796-~—and in the: week pre- 
ceding the iffuing of the Order of 
Council, it diminifhed rapidly: It 
was not, however, even at that pe- 
riod, in any degree fo low as in the 
year 1783, and particularly in the 
month of October of that year. 
The conferences between the 
Chancellor of the Exchequer and 
the Governor and Deputy Gover- 
nor of the Bank, on the apprehen- 
fions they entertained of the dimi- 
nution of their cafh, and the repre- 
fentations made by them, from time 
to time, on the effect which foreign 
loans and remittances had on the 
ftate of their cafh, will appear by 
the evidence of the faid Governor 
and Deputy Governor, and other 
Directors of the Bank, when they 
attended the Committee, either as 
a deputation or in their individual 
capacity, as well as from the mi- 
nutes of thofe conferences, and the 
copies of the refolutions delivered 
by them to the Chancellor of the 
Exchequer:—It will appear alfo, 
from the evidence of the’Chancel- 
lor of the Exchequer, and from let- 
ters written by him to the Governor 
of the Bank; all which are inferted 
2 
105 
in this report, and to which thé 
Committee think it more proper to 
refer the Houfe, than to give a fum- 
mary of them. 
The accounts before inferted, 
and the evidence juft referred to, » 
will alfo fhew what was the nature 
of the advances made by the Bank 
to government—upon what funds 
or credit they were made—what. 
was their amount at different peri- 
ods—how far the amount of thofe 
advances, during the prefent war, 
have ufually exceeded thofe made 
in time of peace—how far they 
have exceeded thofe made in the 
laft war—and whether they were 
greater or lefs, immediately previ- 
6us to iffuing the Order in Council 
of the 26th of February, than at 
any preceding period. eo a, 
~ The Committee were defirous of 
throwing farther light on this fub- 
ject, by laying before the Houfe 
fome accurate account of the ex- 
changes between Gre:z.t Britain and 
other countries ; as thefe, when they 
can be'correétly afcertained, afford 
a good criterion of the balance of 
payments between Great Britain 
and other countries, and thereby 
fhew, whether there is reafon to 
conclude that any coin or bullion 
have been exported or imported. 
At prefent, the only places with 
which there fubfifts any regular 
courfe of exchange with Great 
Britain, are Lifbon and Hamburgh. 
At this laft place, a great proportion 
of ithe accounts between Great Bri- 
tain and the northern parts of Eu- 
rope, is now fettled and paid. The 
par of exchange with Lifbon can 
be accurately ftated; itis 672. It 
has already been fhewn fror the 
evidence of Sir John Hort and Mr. 
Whitmore, how far the exchange 
between London and Lifbon has 
been 
