PHE “CHRONICLE. “137 
Mr. Pitt with the following obfer- 
vation on his letter, as diftated by 
the court :— 
“Tt is the opinion of this court, 
“ That the plan of adding to the 
«intended Englifh loan the fum 
« that has been propofed to be raif- 
“ed here for the government of 
 Jreland, and of making the remit- 
“tances at fuch periods, and in 
* fuch manner, as may be leaft in- 
“ convenient, is preferable to the 
“ yalfing an Irifh loan in England 
“ by itfelf, and fixing the payments 
and remittances in a manner 
“ which cannot be varied according 
“ to circumftances. 
“ But the court muft repeat their 
“ apprehenfions, that any meafure 
“which tends to carry money out 
« of the country, is replete with 
“alarming confequences to the 
* Bank of England.” 
The paper containing the above 
was accordingly carried up to Mr. 
Pitt, who read it with attention, 
and then returned it. 
(No. 29.) 
Refaluticn of the Court of Direftors, 234 
of February, 1797. 
*¢ Refolved, That it is the opi- 
* nion of this court, that the Trea- 
“fury bills of exchange fhall be 
“ paid, which will become due in 
“the courfe of next week, to the 
*‘ amount of about 150,0001; but 
“that no other Treafury bills of 
“exchange fhall be paid by this 
“honfe until money be iffued to 
* the Bank to pay the fame.” 
The Governor and Deputy Go- 
vernor were defired to go and 
wait upon Mr. Pitt with the above 
refolution, as foon as the court 
broke up. . 
(No. 30.) 
Addition to No. 26. 
THE Governor mentioned to 
Mr. Pitt the great diftrefs and in- 
convenience which the Bank, the 
bankers, and the public, fuffered for 
want of a frefh coinage of filver, 
and requefted the Chancellor of the 
Exchequer to take fome early mea- 
fures fora redrefs thereof by a new 
coinage, at leaft of fome part of 
what would be wanted. 
(No. 31.) 
Interview with the Chancellor of the Ex= 
chequer, 18th of February, 1797. 
THE Governorand Deputy Go- 
vernor this day waited upon the 
Chancellor of the Exchequer, by 
his appointment; when he men- 
tioned to them, that he was exceed- 
ingly prefled by the government of 
Ireland to allow them to raife a 
loan in thiscountry; andhethought . 
that about 1,500,0001. would be the 
fum. He knew it would bea diffi- 
cult and unpleafant meafure to be 
carried through, but thought it right 
to {peak to the Governor of the 
Bank about it. The Governor 
immediately told Mr. Pitt, that fuch 
a {cheme muft have the wortt effe& 
poflible; that it would caufe the’ 
ruin of the Bank; for that fucha 
loan raifed here would all be fent 
over in money to Ireland, and 
would drain much of our {pecie 
from us. Mr. Pitt defired that the 
matter might at prefent be only 
communicated to the Committee 
of Treafury, but not to the court of 
Dire¢tors ; which the Governor 
promifed to do, and to wait upon 
him again to-morrow with Mr. Pu- 
get, as Mr. Pitt wifhed to fpeak 
with him alfo on the fubjeét. 
(No. 32.) 
