T HeE+C H:ReO,-N-I-CaLakE. 
which -the Governor had informed 
Mr. Pitt that the Bank chofe to 
have the payment of. Mr. Pitt 
faid, he hoped to be able to bring 
this matter before the Houfe on 
Monday next, the 18th inftant; 
and would defire the Governor and 
Deputy Governor to come, fome 
day this week, to a previous meet- 
ing with the parties who were to be 
concerned in this bufinefs. 
(No. 18.) 
The Governor's Report and Refolution of 
the Court of Direétors, 19th of May, 
1796. 
THE Governor having inform- 
ed the court, That the prefent ad- 
vance on Treafury bills ofexchange 
is 835,0001. beyond which there is 
a notice now lying in the Houfe of 
a farther fum of about 200,0001. 
which will fhortly become due; and 
thata notice was broughton Monday 
laft from the Treafury, containing a 
lift of bills drawn on the com- 
miffioners to the fum of 900,000). 
more, of which the principal 
Bete would fall due on the 29th in- 
ant, which were directed for pay- 
mentat the Bank,—the court refoly- 
ed, That a reprefentation in writing 
fhould be rade to the Chancellor 
of the Exchequer on the fubjeét. 
“~ (No, 19.) 
Interview with the Chancellor of the Ex- 
 chequer, 24th of May, 1796. 
IN confequence of an appoint- 
ment from the Chancellor of the 
Exchequer, the Governor and De- 
puty Governor waited upon him 
this day, with a view to lay before 
him the refolution entered into by 
the court on the 19th inftant ; but. 
‘they found him fo imprefféd with 
Beperetity of providing the funds 
© pay off the Treafury bills for 
“Vor. XXXIX, 
12g 
900,0001. and that he had formed 
his plan for the liquidation thereof,. 
that they thought it prudent to 
withhold the refolution from him. 
Mr. Pitt explained. his meafure 
in the following letter to the Go-) 
vernor and Deputy Governor, 
which he wrote while they were 
with him, viz. 
Downing-frreet, 25th May, 1796. 
Gentlemen, 
I BEG leave to acquaint you, 
for the information of your court, 
that a warrant is directed for the 
iffue of 900,000I. for the payment 
of the bills to become due to that 
amount in the courfe of the pre- 
fent week. I muft at the fame 
time defire you to requeft of the 
court, in confequence of the pref- 
fure arifing from this unexpected 
payment, that they will accommo-~ 
date government by advancing a 
fum of 200,000. to the account of 
the Paymafter General, to be repaid 
out of the cafh to be received on . 
the next payment of the loan of 
7,500,000]. 
I have the honour to be, &c. 
(Signed) Wo. Pitt, 
Governor and Deputy Governor 
of the Bank. 
The Governor afterwards men- 
tioned in converfation the defire af , 
the court to have the new arrange- 
ments made which fhould eafe the 
Bank from the payment: of the 
Treafury bills. The promife to 
which point Mr. Pitt acknowledged 
to have made; but being exceffively 
‘hurried with a variety of bufinefs, 
and about to fet off to attend the 
election at Cambridge, he defired 
leave to defer this objet until 
fome time next week, after his 
return, when he would refume it. 
(No. 20.) 
