Lfatis relative to the Finances of the Bank. 

lial 
250 FOR. 
YEAR. SCALE. | YEAR. SCALE. 
¥792 al 3 tor 1795's TtoZ%tor 
% js 
1793 en Ito 3 5tox 1796 —— 14 to'2 to..S'f0 2 
1794 — ito igto1 I oe 210. 1 > tozie *. 
* This is brought down to the 16th of March, or thereabouts. 
FABLE Iv. Being a Monthly Scale of Difcounts for ibe Years 1793, 1794) 179%, 


and 1796. 
‘1793- Wott 1794.) | No-|| 1795. No.|| 1796. arr 
January 5 214 Leaner 4 ro1}| January 4 104 || January 2 479 
February 209}|February 4 110||February 7 107 || February 6 roe 
March 2 2%7)|March 1 331}|March 7 103 }{ March 5 127 
éspril 6 320]} April 5 137|| \pril 14 387 | April 332 
May 4 233}|May 3 139||May 2 176 }j May 7 129 
june £ 23i}j june 13 147}; June 6 157 ki June 3 163 
july 6 Ai 5 149] July 4 2201] fuly2 | 165 
Augu® 3 i23};Augutt 2 120]/Auguft 1 151 || Auguft 6 163 
eptember 7 93{|September 6 go||September 5 85 || September 3 15 
Oober 5 102||O&ctober 4 92||October 3 9 || O&tober 7 189 
November 8 91{| November 8 $51; November 7 90 || November 3 178 
December 7 Sot; December i | 85 December § 140 || December 3 I7E 
By comparing thefe tables with each 
other, andalfo with fome parts of the evi- 
dence delivered before the committees, it 
will appear, that the truth which they 
were intended to conceal, is in a great 
degree capable of being unravelled. I 
have very good reafon for believing (al- 
though the circumftance is not inlerted 
in either of the reports) that one of the 
Directors acknowledged, that the Bank, 
in the courfe of fix days before it ftop- 
ped payment, had been drained of its 
czin after the rate of 100,000l. each day. 
From the 18th ro the 25th of February, 
therefore, the fum ef 600,000]. was paid, 
and the fictitious mumber was, tn conle- 
quence, reduced from 314 to 210.— 
Hence it follows, that the mean number 
660, denotes the fum of four mullrons, and 
that the fum of 1;272,000, repretented 
by the number 210, was very nearly the 
cafh remaining in the Bank, on the day 
1 which the Directors were’ prohibited, 
by an order of Council, from the far- 
ther payment of their notes in money. 
In Table II, it appears, that the 
amount of cafh and bullion, and bills dil- 
counted, on the 26th of February, was 
4,176,080l. Deduéting 1,272,000l. from 
this fum, the remainder, or 2,904,080). 
will be the whole amount of the dil- 
counts on that day. sehen ie 
In Table ITZ, the fcale of difcounts 



in the beginning of the year 1797, is 
expreffed by the number 2; and-on the 
16th of March following, by the num- 
ber 24... In. February, therefore, 1t 1s 
moft prebably exprefled by the interven- 
ing number 14. Now, fince ami is the 
medium, and the amount of the difcounts. 
on the 26th of February, appears to be 
three miilions nearly, it is highly proba~ 
ble that this unit denotes two millions, 
and confequently, that the fraélion § de- 
notes one million. . The truth of this 
fuppofition is in @ great meafure con- 
firmed by the evidence: of Mr. GILEs +, 
who acknowledges, that in the ceurfe of 
a little more than a fortnight after the 
Bank had fiopped payment, they had 
increaied their difcounts about two-mil- 
lions ; and in confequence, we find the 
feale is increafed an unit, from 14 to 23, 
which. accords exactly with this evidence. 
Comparing the nambers in Fah. III, 
with thofe in the following table, the 
mean number in the latter, or that which 
expreffes two millions, appears to be go. 
If, therefore, the cafh’ and bullion, and 
the difcounts, be reduced agreeable te 
thofe folutions, their amount, compared 
with the Bank notes in circulation, and 
the advances to Government (as ftated in 
the reports of the committees) will be a 
follows : 
Bills 



‘ .. {Average of Bank Average Advances 
Date. Cafh and Bullion. Notes Circulated. Difcounted. to Government. 
1593: March 3,508,000 11,963,320 4,317,000 © $573 5,200 
June 4,412,000 12,100,650 5,128,000 9434.,000 
September 6,336,000 10,933,620 2,06 5,000 994.5 52700 
December 45720,000 10,967,310 1,976,000 8,387,500 

ee 
ca ne CT eae 
+ See the Report of the Secret Committee, page 54. 


Date, 
