136 
folution, the Governor, and other 
gentlemen deputed, went- to. Mr. 
Pitt, fhewed him the ftatement of 
the Bank’s demands on govern- 
ment; which they wifhed to have 
paid off, or fo arranged before the 
Yettlement of the Irifth loan. Mr. 
Pitt, on the article of the Treafury 
bills, faid, that he had already laid 
Ais plan for the difcharge of that ar- 
ticle, which he meant to adhere to, 
and that therefore this article might 
be left out of the prefent agree- 
ment; and that he would lay his 
ps for the liquidation of the reft, 
y an addition to the late voluntary 
loan, or by fome other meafure as 
might be moft forcible, The De- 
Peron preffed on him the necef- 
1 
ty of attending, in his plans, to’ 
the point of making the payments 
to the Bank precede thofe which 
might be fixed for the Irifh loan. 
They alfo informed him of their in- 
tention to calla fpecial court of Di- 
rectors, to impart their bufinefs to 
them, which might be held on Mon- 
day or Tuefday next, as might beft 
fuit Mr, Pitt. He begged it might 
be called on Monday, as he faid that 
Mr, Pelham, the fecretary ef ftate 
for Ireland, had been here fome 
days on this bufinefs; and that it 
was of the utmoft confequence that 
the matier fhould be fixed, and ad- 
vice fent over to that country of it 
as foon as poflible. Og which the 
Governor told Mr. Pitt, that a court 
of Direétors fhould be fummoned 
for Monday; and requeited, that 
he would furnifh him with a letter, 
explanatory of the bufinefs, to be 
lia before the court; which Mr. 
Pitt promifed fhould be fent to the 
Bank either to-morrow or on Sun- 
day. é 
(No. 28.) 
Letter from the Chancellor. of ihe Exche- 
~ 
AAP SPE NAY: ES 
quer, and Opinions of the Court of Di- 
rectors. 
Downing-ftrect, 15th February, 1797. 
Gentlemen, 
SINCE our laft converfation I 
have turned my attention to an idea, 
which has been fuggefted to me, of 
raifing the money wanted for Ire- 
landas part ofone loan, together with 
that which may be requifite here, 
and of leaving the time and mode 
of remittance to be fettled between 
the Englifh and Irifh governments, 
according to circumftances. Such 
a meafure might poflibly prevent 
fome inconvenience, which would 
arife from there being otherwife 
two loans on the market at the fame 
time, and might alfo give better 
means of regulating the remittance 
in the manner leaft inconvenient. 
It would at the fame time hardly 
fail to be acceptable to Ireland, as 
it would probably procure money 
for them at a much cheaper rate 
than they could otherwife borrow 
it. Ihave to requeft the favour of 
you to learn the fentiments of your 
court on this point, and to commu- 
nicate to me the refult. 
i have the honour to be, &c. 
(Signed) Wm. Pitt. 
Governor and Deputy Governor 
of the Bank. 
After a debate on the fubjeét of 
this letter, it was the opinion of the 
court, that it might be better for 
the minifter of this country to have 
the controul over the remittance of 
the fum intended for Ireland, than, 
byan open loan for Ireland, to leave 
in the power of that government 
to draw the money away, without 
any confideration of the cafe of the 
Bank. And the Governor and 
Deputy Governor, and Mr. 8. 
Thornton, were defired to wis 
r. 
