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Sik * Public Affairs.——Stoppage of the Bank. 
der the guarantee of this country, for 
a foreign ftate, of the large amount. of 
fix millions fterling ; and alfo one for 
our own national wants, of eighteen mil- 
lions, were about to be raifed, ir was 
their with that he would arrange his 4- 
nances. for the prefent year, in fuch a - 
manner as zof to depend on any farther af- 
fiance from them, beyond what was al- 
ready agreed for. _ 
On the 16th of April, 1795, the Court 
of Direéters ordered the Governor and 
Deputy -Governor of the Bank, to wait 
upon the Chancellor of the Exchequer, 
and mention the wneafinefs when they felt 
ou being left, during fo longa period, 
in an advance of from one and a_ half 
to upwards of two millions ct money, 
for the bills accepted by the Treafury. 
That this mode of paying the Treafury 
bills in advance, was never meant to, be 
carried to any great extent, at the moft 
s00,o00]. and that only as a temporary 
accommodation. 
- The Chancellor of the Exchequer bad 
promifed the Governor, in the December 
preceding, that the amount of. thefe 
- bills, paid at the Bank, then exceeding 
the fum of 500,000!. fhould certainly be 
paid off after the receipt of the firft pay- 
ment of the new loan. 
On the 3oth of July, 1795, the Court 
of Direétors requeftedthe Chancellor of 
the Exchequer to adopt fome . other 
mode of paying the Treafury-bills of ex- 
change, than by direéting them for pay- 
ment at the Bank, or to furnifh money 
for the payment of them. ‘They alfo 
refolved, that the arnount for which the 
bank fthall be ‘in advance, fhall not, at 
any time, exceed the fum of 590,000l. 
as the Court of Dire€tors were deter- 
mined to give orders to the cafhiers to 
refufe payment of al! bills, whenever 
the advance fhall amount to fuch fum: 
500,000]. 
On the 8th of Oétober, 1795, the 
Court of Direétors fent a written paper 
to the Chancellor of the Exchequer, 
purporting that the very large and con- 
tinued drain of bullion and fpecie, which 
the Bank had lately experienced, arifing 
from the effects of the loan to the. Emperor, 
and other fubfidies, together with the 
profpect of the demand for gold not ap- 
pearing foon to ceafe, had excited [uch 
apprebenfions inibe Court of Dire€ors, that, 
on the moft ferious deliberation, they 
deem it right to communicate to the 
Chancellor'of the Exchequer, the ad/- 
lute neceffity they conceive to exyfi for dimi- 
nifoing the fum of their prefent advances to 
April, 
government ; the laf having been grants 
ed with great reluétance on their part, om 
his preffing folicitations,; and ftatement, 
that ferious embarrafiments would arife 
to the public fervice, if the Bank re- 
filed: 2, 
' At an interview between the Chan- 
cellor of the Exchequer and the Gover- 
nor of the Bank, on the 23d of October, 
1795; when the latter mentioned ‘his 
having heard that there might be an- 
nexed to the enfuing ‘loan, one of 
1,400,000]. forthe emperor of Germany, 
the Chancelior of the Exchequer-replied, 
that he had not then the moft diftant 
idea of fuch a loan to the emperor, but 
could not pledge himéelf to the contrary. 
The Governor thanked him for his an- 
fwer, which, he told Mr. Pitt, he re~ 
ceived with pleafure. thinking, as he did, 
thai another loan of that fort would go nigh 
to 1uin the countiy. 
In confequence of intelligence that 
Mir. Pitt would be obliged to bring for- 
ward here a loan for Ireland,. to the 
amount of 1,500,c00l. the Court of Di- 
‘re€tors, met on the 1soth day of Fe- 
bruary, 1797, .and refolved to atk of 
Mr.. Pitt, a confiderable reduction of the 
Bank's prefent advances to government, 
to be raifed, as he hinted, by a new loan 5 
and they made out a-ftatement for that 
purpofe, to be reprefented -to him ; 
which was as follows : 
Arrears of: Advance on Land 
£.337,000 
and Malt, - - 1794 
Do. do. 1795 491,000 
Do. do. 2796 2,392,000 
Exchequer Bills on Vote of Credit 968,00 
Do. on confolidated Fund, 1796 - 1,323,000 
Treafury Bills paid - )- 1,674,645 
791865445 
Befides arrears of Intereft due, &c. | 400,000 
On the 9th of February, the Court of 
Dire€tors ordered the Governor of the 
Bank ‘to. tell Mr. Pitt, that under the. 
prefent ftate of the Bank’s advances to 
Government here, to egree with his re- 
queft of making a farther advance of 
1,500,000]. as a loan to Ireland, would 
threaten rum to tbe Bank, and moft pro- 
bably bring the Directors under the ne- 
celfity 70 /but up their doors. + 
‘ FRANCE, 
While the French commander in chief 
was ftretching his lines into Italy, and 
compelling the Pope to the moft humili-. 
ating terms of peace, the Auftrian troops 
were preparing, with augmented forces 
to take poffeffion of thofe territories which 
Buonaparte had left in his reary The: 
; fagacity 
