158] ANNUAL REGISTER, iSli. 



which the latter expressed his re- 

 gret that the right hon. gentleman 

 had not appHed a part, at least, 

 of the sinking fund in lowering 

 the amount of the loan. He was 

 surprised at the reason offered for 

 this, which was, that they who 

 came to bid for the loan were 

 against such a proceeding ; as if it 

 were necessary to take the advice 

 of those who were deeply inter- 

 ested in the amount of the loan. 

 The right hon. gentleman ad- 

 mitted that one of the contractors 

 was of a different opinion from the 

 rest. He knew the person alluded 



the 



that no man in 

 greater prac- 

 subject 



Exche- 

 he had 

 bargain 



to, and believed 

 the country had a 

 tical knowledge of 

 than he had. 



The Chancellor of the 

 quer, in reply, said that 

 procured a much better 

 by agreeing to the terms offered 

 by the contractors, than he could 

 possibly have obtained by the 

 system to which his hon. friend 

 was so partial. 



The resolution proposed was 

 then agreed to, as were two others, 

 relative to the terms of the loan. 



