146 
ferious debate upon the fubjed, 
they came to the following refolu- 
tion,, viz. 
~ * Refolved, That the court is 
“of opinion, that the repayment 
“of feven millions of the money 
“ advanced by the Bank to govern- 
“ ment, will be of very effential fer- 
“ vice to this houfe; but the court 
“is neverthelefs extremely appre- 
“henfive that the negotiating the 
“ propofed loan for Ireland in this 
* country, will neceffarily endan- 
“ger the faiety of the Bank of 
“England, by the large drains of 
“caf which it muft occafion for 
“the remittance of that fum to 
“ Treland.” 
The Governor and Deputy Go- 
vernor, with Mr. Darell and Mr. 
Bofanquet, were deputed by the 
court to wait upon the Chancellor 
ef the Exchequer with this refolu- 
tion; and they took with them a 
copy of it ina paper fealed up, that 
in cafe Mr. Pitt fhould require it to 
be left with him to fhew it to the 
cabinet, it might be in a fituation 
guarded from the eyes of the peo- 
ple in office. The Deputation 
waited on Mr. Pitt when the court 
broke up, and waited till he came 
home; when, being admitted, the 
Governor told him, that a fpecial 
court had been held on the fubjeé, 
and that he and the other gentle- 
men were deputed to bring him the 
refolution of the court upon it; 
which Mr. Pitt read attentively ; 
and defiring to have a copy left 
with him, the one fealed up was 
given to him; which he was defir- 
ed by the Governor to return to 
him when he had communicated 
it to the cabinet. In the conver- 
fation which took place afterwards, 
the Governor afked if it was not 
pofable that a part of the 1,500,0001. 
POPE ey Lee ak ee 
could be’ raifed in Ireland for its 
own ufe. Mr. Pitt faid, that the 
fum mentioned was all expetted 
from this country; that a farther 
fum was wanted in the whole; but 
that the Irifh government hoped to 
raife the remainder in that country. 
On the fubje& of the loan to be 
raifed here to pay off the above 
fum to the Bank, Mr. Pitt faid he 
meant to make it equal, not only 
to that purpofe, but to fet him at 
his eafe for other parts of the pub- 
lic fervice, which he had not been 
able to calculate with fufficient ex- 
acHtude on bringing out the laft 
loan. That he meant to raife this 
additional fum in the fame funds; 
and, if poflible, by the fame fub- 
{cribers, to whom propofals would 
be made, with anallowance for their 
lofs on the former engagement; 
and that if he was difappointed in 
this expectation, he muft take other 
meafures as ufual. 
After this, the Governor afked of 
Mr. Pitt if itcould not be made com- 
patible with the forms of office, that 
when the payments fhould come to 
be made on this propofed loan, the 
money might be retained af once 
by the Bank, as far as was intended 
for the liquidation of their advances, 
without being fent up to the Ex- 
chequer, as was hitherto prattifed ; 
which mode had often caufed ade- 
lay of many days, and once laft 
year a total difappointment of the 
fum. Mr. Pitt faid, that he faw 
no reafon why this routine of of- 
fice fhould not be altered ;—that he 
would think of it, and order ano- 
ther arrangement. 
(No. 34.) 
Refolution of the Court of Direéors, and 
Defutation’s Interview with the Chan- 
