THE CHRONICLE. 
(No. 9.) 
Interview with the Chancellor of the Ex- 
_ chequer, \8th of November, 1795. 
THE Governor informed Mr. 
Pitt, that the prefent price of gold 
was 4]. 2s. per ounce, and that the 
daily large drains of {pecie from the 
Bank, filled the minds of the Di- 
rectors with ferious apprehenfions ; 
and that in the prefent fituation of 
their affairs, he muft not rely on 
any aids from them, not even the 
vote of credit and fupply bills. 
- The Chancellor of the Exche- 
quer’ apologized for the warrants 
that were defigned to be applied to 
the reduétion of the amount of the 
Treafury bills paid by the Bank, 
having, from the moft urgent ne- 
cefity, been otherwife applied to 
the payment of the troops going a-~ 
broad. With refpeé to the mil- 
lion which he had promifed fhould 
be paid in the courfe of this month, 
in farther reduction of the Treafury 
bills, he faid his intention was to 
take out that fum in part of the land 
and malt for 1796, and to pay it on 
this account, having no other means 
to do it by. The Governor then 
hinted to Mr. Pitt his apprehen- 
fions from a rumour that a farther 
loan to the Emperor was in agita- 
tion, notwithitanding the affurances 
which Mr. Pitt gave him fome time 
back, that he had not then the 
mioft diftant idea of fuch a meafure, 
The Chancellor replied, that he 
then had not fuch a thought, from 
the tardy and flow operations of 
the Auftrians; but the face of 
things having fince changed, and 
the Auftrian army having been of 
late very active and fuccefsful, he 
confeffed it was his opinion that a 
Gontinuance of fuch exertions was 
the fureft way of diftrefling . the 
_- 
125 
French, and bringing them to pro- 
per terms of peace; and on this 
ground miniftry now had it in con- 
templation to let the Emperor have 
another loan, not exceeding two 
millions, trufting that it might be 
done with fafety, and on the con- 
fideration that the fubfidies of about 
900,000]. per annum, which had 
been paid to different ftates in Ger- 
many for troops, would ceafe; and 
alfo the bills drawn for the fupport 
of our army on the continent, 
which had laft year amounted, to 
near three millions fterling: befide, 
that fhould the loan take place, he 
had no objection to modify. the 
ftated times for the. remittance 
thereof, fo as to caufe the leaft bad 
effe&. on the courfe. of exchange. 
And he. farther added, That fhouild 
the fituation of the Bank be fuch as 
to make this meafure a very hazar- 
dous one, he would, in compliance 
with our requeft, overlook. every 
other confideration, and abandon 
theloan. The Governor and De- 
puty Governor then told Mr. Pitt 
that they would take the fenfe of 
their court to-morrow on the ad- 
vances which he wifhed to have on 
the land and malt of 1796, and 
wait upon him with the determina- 
tion of the court as foon as it fhouid 
break up. 
(No. 10.) 
Interview with the Chancellor of the Exe 
cheguer, 20th of November, 1795. 
THE court of Directors having, 
on a confideration of the advances 
propofed by the Chancellor of the 
Excheqtier on the land and malt, 
1796, refolved to let him have the 
fum of one million, under the re- 
{triction that it be immediately ap- 
plied to the difcharge of fo cas 
o) 
