78] ANNUAL REGISTER, 1816'. 



cofttenipliition to submit to the 

 consideration of the House, u new 

 arrangement with respect to the 

 draw- backs on sugar, the produce 

 of which, added to the 250 or 

 260,0001., which he calculated 

 on deriving from the sources al- 

 ready mentioned, would be more 

 than enough to provide for the 

 charge created by the interest on 

 money borrowed. The right hon. 

 gentleman concluded with moving 

 the first of the following Resolu- 

 tions : 



1. '•' That the proposal of the 

 governor and company of the 

 Bank of England, ' That, in con- 

 sideration of the advance of three 

 millions sterling for the public 

 service, in the manner, and upon 

 the terms and conditions herein- 

 after mentioned, (he said go- 

 vernor and company be autho- 

 rized and emiwwered by parlia- 

 ment to increase their capital 

 stock, which now consists of 

 ll,64'2,100l. to 1 4,553,0001. ; 

 and that the proposed increase 

 of '2,910,6001. be appropriated 

 amongst (he proprietors of bank 

 stock at the rate of 251. for every 

 lOOl. of bank stock which they 

 respectively held on (he 23d day 

 of 5lay 1816 ; and tha(, un(il re- 

 payment to the said governor and 

 company of the said sum of three 

 millions, the promissory notes of 

 the said go^■ernor and company 

 expressed to be payable to bearer 

 on demand, shall be received in 

 payment of all sums of money 

 which now are or shall become 

 payable for anj part of the public 

 revenue, and shall be accepted by 

 the collectors, receivers, and other 

 officers of the revenue authorized 

 to receive the same if offered to 

 be so paid, fractional parts of 



twenty shillings mily excepted : — 

 That, in consideration of the 

 above proposed increase of tlie 

 capital of bank stock, and of the 

 notes of the said governor and 

 company being received in pay- 

 ment of every branch of the pub- 

 lic revenue as aforesaid, the said 

 governor and comj)any are willing 

 to advance the sum of three mil- 

 lions stciling for the public ser- 

 ^ice, to be paid on such days 

 during the present year, and in 

 such manner, as parliament shall 

 direct and ;i])point ; the repayment 

 thereof to be secured, with in- 

 terest at the rate of 3 per tent, 

 per annum, payable annually, and 

 to be repaid at such period as par- 

 liament, shall direct and appoint, 

 not beyond the 1st day of August 

 1833, and (o be charged and 

 chargeable upon, and to be repaid 

 otit of the consolidated fund, un- 

 less otherwise provided for by 

 parliament,' be accepted. 



2. " Tliat towards raising the 

 supply giantcd to his majesty, 

 there be issued and applied the 

 sum of three millions, to be ad- 

 vanced by (he governor and com- 

 pany of the Bank of England, in 

 pursuance of the ?aid proposal. 



3. " That, towards raising the 

 .supply granted to his majesty, 

 there be issued and applied the 

 sum of 5,663,7551., being the 

 surplus of the grants for the year 

 1S15. 



4. " That towards raising the 

 supply granted to his majesty, 

 there be applied the sum of 

 590,9161. 3s. 6d., being fifteeft 

 seventeenth parts of the sum of] 

 679,9051. arisen from the sale of 

 old naval and \ictualling stores. 



5. " That, towards raising thf 

 supply granted to his majesty, 



such 



