124 
communicate to the Chancellor of 
the Exchequer, the abfolute necef- 
fity they conceive to exift for dimi- 
nifhing the fum of their. prefent 
advances to government—the latt 
having been granted with extreme 
reluétance on their part, on his 
prefling folicitations and ftatement, 
that ferious embarraflments would 
arife to the public fervice if the 
Bank refufed. 
It muft occur to Mr. Pitt’s recol- 
leétion, that laft January the Go- 
vernorand Deputy Governor of the 
Bank did, by inftructions from their 
court, formally announce to him 
their apprehenfions of the confe- 
quences that were likely to enfue 
from the Emperor’s loan taking 
place; the events feem fully to nite 
tify their fears, and to render every 
meafure of caution abfolutely ne- 
ceffary for their future fafety. 
In addition to the above caufes it 
may be proper to fiate, that large 
fums are likely foon to be called for 
by the claimants of the cargoes and 
. freights of the neutral fhips taken, 
and about to be reimburfed ; many 
of whom, as they are credibly in- 
formed, are inftruéted by their 
owners and proprietors to take back 
their returns in fpecie or bullion. 
The prefent price of gold being 
from 41. 3s. to 41. 4s. per ounce, and 
our guineas being to be purchafed 
at 31. 17s. 103d. clearly demon- 
ftrates the grounds of our fears ; it 
being only neceffary to ftate thofe 
facts to the Chancellor of the Ex- 
chequer. 
Ever ready as the court of Di- 
rectors have been to accommodate 
and give their afliftance in the fer- 
vice of the public, they muft now 
exprefs their hopes that Mr. Pitt . 
will, on the meeting of parliament, 
fo arrange his plans of finance, as 
APPENDIX’ TO 
not to depend upon the immediate 
advance of the duties on land and 
malt, 1796; and that he>will be 
pleafed to provide the means of re- 
imburfement to the Bank, conform-’ 
ably to his agreement, of the mil- 
lion on account of the Treafury 
biils, and the one million one hun- 
dred thoufand, part of the advance 
on the product of the confolidated 
fund, in cafe it fhall not have been 
previoufly paid; and alfo to reim- 
burfe the remaining 1,400,0001. on 
the fame produét in January or Fe- 
bruary, inftead of April. 
(No. 8.) 
Interview with the Chancellor of the Ex- 
chequer, 23d of Odtober, 1795. 
THE Governor mentioned his 
having heard that there might be 
annexed to the enfuing loan, one 
of 1,400,000]. for the Emperor of 
Germany; and ftated, that in fuch 
a cafe it would be highly proper for 
the Bank to have fome intimation 
of it, that they might adopt fuch ar- 
rangements as the meafure would 
render abfolutely neceflary.—The 
Chancellor of the Exchequer re- 
plied, That he had not at prefent 
the moft diftant idea of it; though 
he did not pledge himfelf that on 
no occafion fuch a thing might hap- 
pen. ‘The Governor thanked him 
for his anfwer, which he told Mr. 
Pitt he received with pleafure, 
thinking, as he did, that another’ 
loan of that fort would go nigh to 
ruin the country. The Governor 
alfo acquainted him that the drain 
of cafh continued, and was likely to 
do fo while the bills from abroad 
continued to be drawn on the 
Treafury. Mr. Pitt faid they might 
laft two- months longer, but, he be-’ 
lieved, not beyond that time. 
(No. 
