THE GHRONICLE 
opofition is acceded to, the Bank 
is to be in advance beyond one mil- 
lion and an half for payment of the 
Treafury bills, which, by the end 
of November, are to be reduced to 
500,0001. 
The court alfo requeft, that the 
Governor and Deputy. Governor 
will exprefs to Mr, Pitt the earneft 
defire they have that fome other 
means may be adopted in the next 
feffion of parliament, for the future 
payment of bills of exchange drawn 
onthe Treafury.—When the laft 
refolution was propofed, Mr. Win- 
throp moved the following amend- 
ment, and was feconded by Mr. Si- 
meon, to be added after the words 
* confolidated fund,”’ and to leave 
out all the remainder : 
“ Provided at leaft two millions 
* of the fame fhall be appli- 
“ ed to the difcharge of the 
* fum for which the Bank 
*¢ is now in advance, on ac- 
*¢ count of bills accepted by 
% the Treafury; it being the 
“intention of this court to 
 reftrain theamountof fuch 
“advance to the fum of 
“ 500,0001. agreeably to 
* their former refolutions.” 
The faid amendment being put to 
the vote, was negatived; and the 
refolution as firft moved, wascarried 
in the affirmative. 
Ausgift 14th, 1795. 
THE Governor and Deputy Go- 
vernor, jn compliance with the de- 
fire of the court held yefterday, 
waited this day on the Chancellor 
of the Exchequer, to fignify to him, 
that his letter of the 12th inftant 
had been duly confidered; and it 
was, refolved, that the propofals 
which it contained could not be ac- 
_ ceded to; and to communicate to 
him the farther refolution. of. the 
123 
court refpecting his requeft in his. 
letter of the 5th inftant, as minuted 
in this book yefterday. The Go- 
vernor put into his hands a copy of 
the two refolutions, which Mr. 
Pitt read attentively; and returned: 
foon after with.a letter, written by, 
himfelf at the requeft’ of ‘the Go- 
vernor and Deputy Governor, fig- 
nifying his acquiefcence in the faid 
refolution, and promifing punctual- 
ly to comply with the conditions fti- 
pulated therein. 
Downing-ftreet, \4th Aug.1795. 
Gentlemen, 
I HAVE to requeft the favour 
of you to inform your court, that I. - 
agree to the conditions fpecified in 
their refolution of yefterday (fee 
the note of the 13th of Auguft) for, 
the advance of two millions anda 
half on the credit of the confolidat- 
ed fund; and will take care that 
they fhall be punctually complied, 
with. I return the paper contain- 
ing the refolution; and am, Gen- 
tlemen, &c. 
(Signed) Ww. Pitt. 
Governor and Deputy Governor 
of the Bank. 
(No. 7.) 
Cofy of a written Paper delivered to the | 
Chancellor of the Exchequer. 
Bank of England, 8thO@.1795. 
THE very large and continued 
drain of bullion and {pecie which 
the Bank has lately experienced, a- 
rifing from the effeéts of the loan 
to the Emperor and other fubfidies, 
together with the profpect of the: 
demand for gold not appearing like- 
ly foon to ceafe, has excited fuch 
apprehenfions in the court of Di- 
rectors, that, on the moft ferious de- 
liberation, they deem it right to’ 
communicate 
