118. 
No. I. — Copy of a Refolution of the 
Court of Directors of the Bank of 
England, dated December the 3d, 
1795. Moved for by Mr. Sheridan. 
Refolved, That -the following 
¢efolution of the court be commu-’ 
nicated! to the Chancellor of the 
Bxchequer. 
That the Court: of, Directors, 
after a very folemn deliberation, 
adequate to the importance of: the 
fubje&, axeunanimoufly of opinion, 
that. fhould_fuch..a loan * take 
place, they are but too well ground- 
ed, in: declaring (from the actual 
effects.of the Emperor’s laft loan, 
and the continued drains of  fpecie 
and bullion they ftill experience) 
that they have the moft cogent rea- 
fons to apprehend very moment- 
ous and alarming confequences, 
They are, therefore, led to hope, 
(after‘expreffing their acknowledg- 
ments to the Chancellor of the Ex- 
chequer, for having hinted that the 
welfare and fafety of the Bank 
fhould in this matter fuperfede 
every other confideration) that he 
will be pleafed to lay afide the 
adoption of fuch a meafure, which, 
they beg leave to repeat, would be 
in their opinion moft:fatal in its 
confequences. 
No. Il. —-Cofy of an Opinion of the 
“Committee of the Treafury, January 
the 14th, 1796. : 
It,is the opinion of the Commit- 
tee of the 
vernor and Deputy Governor fheuld 
reprefent to the Chancellor, of, 
the Exchequer, Tha. they cannot.. 
Jock upon the fcheme of affiftin 
the Emperor to raife a loan in Ger- 
many, by 1 the guarantee of the par- 
-ARRENDIX TO 
‘jects from taking any fhare therein; 
reafury,. that, the Go- . 
liament of Great Britain, in any 
light which will not, one way or 
other, be detrimental to this coun-- 
try, even if a law were, paffed by, 
parliament to prevent Britifh fub- 
That fuch a call for money in Ger-: 
many will occafion demands of it, 
from. hence: Germans, Italians, 
and other foreign capitalifts, who 
have property.here, will be induced 
to draw it away. People in Hel- 
land, who, by the late ‘acts, have 
money locked up here, may go to 
Germany and draw for it from 
thence. That funds, which would 
otherwife be employed in fpecula- 
tions of trade with England, may, 
by fuch an opportunity, of inveft- 
ment at home, be diverted from the 
one to. the other purpofe: That» 
the exchange between this country 
and Hamburgh may be much afs 
fected by it: That, in fpite of le- 
gal prohibitions, it is to be appre- _ 
hended that fome people here: 
would take fhares in fuch a nego- 
tiation, under the names of. their: 
foreigncorrefpondents. Fromthefe: 
and other caufes, they are. fully of 
opinion, that the. Governor and 
Deputy Governor can give no ad- 
vice to Mr. Pitt in favour of fuch 
a meafure; which is indeed..of a 
wide political extent, and beyond. 
the line. of their duty to judge of. 
No. IL. — Cofy of @ Refolution, dated, 
- the Vth of February, 1796. 
Refolved, That it is the opinion. 
of this. court, founded upon its 
-experience of ‘the:.effeéts of the 
late imperial loan, that if any fur- 
g ther loan or advance of money to 
the Emperor, or to any other fo- 
reign ftate, fhould, in the prefent 
* Viz. A loan of 3,0090,090l. to the Emperor, 
fate: 
