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Article HOUSE OF COMMONS. ← Page 3 of 5 →
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House Of Commons.
Monday , March 27 . Mr . Pitt proposed two new clauses in the Bank Indemnity Bill ; the first clause , ' That the collectors of the revenue do take Bank notes in payment of duties and taxes , ' which was agreed to . The next clause he considered of much greater importance , and therefore , previous to his moving , he wished to explain the nature of it . With respest to the situation of persons who , not having the means of paying in cash , should offer Bank notes in payment , be did not wish to take away all legal process against them , in case the other party should refuse to take these notes in payment . But the legal process should not
commence in the first instance by arrest , instead of which , the tender of Bank notes tyas to place the defendant in the same situation as if he had been held to special bail . These notes were lo be deposited by the defendant , and in that rase considered the same degree of security as special bail . This mode would relieve the parties during the present restrictions upon the Bank , but was not to go to the ultiirtate recovery of the debt . The clause to this effect was brought up , and passed . Mr . Fox moved a clause , that it should not be lawful for the Bank to issue any notes by way of loan , so long as the present Bill was to remain in force ; which ,
after an exception made by Mr . Pitt to the following effect , * Except the sum of 6 oo , oooi . being Ihe advances to be made by the Bank , on Ihe credit of Exchequer Kills , as apart of the payment of the late loan of t 8 millions / passed the Committee , and the chairman ordered to bring up the report .
Tuesday , 28 . Colonel Wood moved , ' Than an humble Address be presented to his Majesty , to entreat his Majesty to appoint a Board of naval and military officers , under the direction of his Royal Highness Field-Marshal the Duke of "York , to take into consideration the measure already adopted for the security and defence of the country , and to consult and advise what further measures may be expedient or necessary to adopt , in the present state of affairs , in order to remove every ill-founded alarm as to the security of the country . ' ' Mr . Dundas opposed the Mction as being unnecessary . Mr .
PierrepointCo-, lonel Gascoigne , and Mr . Sargeant , were of the same opinion ; and after some observations from Mr . Fox , the Motion was withdrawn . Wednesday it ) . An account of money advanced to the Emperor was presented , and ordered to lie on the table . Mr . Alderman Anderson brou <" m up the Bill for the better regulations of the assize of bread , which was read a first time . Thursday 30 . Mr . Pollen said , it was not with a view to embarrass his Majesty ' s ministers , but to co-operate with all his Majesty ' s subjects , in the reasonsfor
continuing the war , that he now gave notice of his intention , on the first day after the call of the House , viz . on Thursday week , to make a motion for an Address to his Majesty , either that the negociation for peace might be renewed , or that it might be explicitly declared what were the reasons for continuing the war .
Friday , 31 . The House in a committee on the Bank Indemnity Bill , Mr . Pitt introduced a clause for enabling the Bank to issue to such persons as shall bring them specie certain sums in spe-ie , agreeably to their engagements with those persons , but not exceeding , in the whole , three-fourths of the specie so brought in . Mr . Fox could not consent to the clause , for he considered the principles of necessity to be the only possible justification of all the past measures relative to the Bankand the same necessity might violate this new engagement .
, Mr . Pitt , Mr . Curtis , and Mr . Thornton were of opinion that the clause would shortly enable the Bank to resume its general payments in specie ; and after . some opposition from Mr . Tierney and Mr . Sheridan , it passed without a division . A second clause proposed by Mr . Pitt , to enable the Bank of England to make certain advances to the bankers , for the purpose of ready money payments to their customers , was also read and passed . MondayApril 3 . The report of ihe Committee on the minute of Council of the
, 26 th of Feb . which induced the recent stoppage of issue of specie from the Bank was received : the different amendments made in the Committee were then agreed to , and the Bill ordered to be engrossed . Tttesd < y 4 . Mr . Sheridan rose to make his promised motion for prohibiting any further advances to the Emperor . He did not conceive it necessary to wait for the report of the Secret Committee before a decision should be come to upon the
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons.
Monday , March 27 . Mr . Pitt proposed two new clauses in the Bank Indemnity Bill ; the first clause , ' That the collectors of the revenue do take Bank notes in payment of duties and taxes , ' which was agreed to . The next clause he considered of much greater importance , and therefore , previous to his moving , he wished to explain the nature of it . With respest to the situation of persons who , not having the means of paying in cash , should offer Bank notes in payment , be did not wish to take away all legal process against them , in case the other party should refuse to take these notes in payment . But the legal process should not
commence in the first instance by arrest , instead of which , the tender of Bank notes tyas to place the defendant in the same situation as if he had been held to special bail . These notes were lo be deposited by the defendant , and in that rase considered the same degree of security as special bail . This mode would relieve the parties during the present restrictions upon the Bank , but was not to go to the ultiirtate recovery of the debt . The clause to this effect was brought up , and passed . Mr . Fox moved a clause , that it should not be lawful for the Bank to issue any notes by way of loan , so long as the present Bill was to remain in force ; which ,
after an exception made by Mr . Pitt to the following effect , * Except the sum of 6 oo , oooi . being Ihe advances to be made by the Bank , on Ihe credit of Exchequer Kills , as apart of the payment of the late loan of t 8 millions / passed the Committee , and the chairman ordered to bring up the report .
Tuesday , 28 . Colonel Wood moved , ' Than an humble Address be presented to his Majesty , to entreat his Majesty to appoint a Board of naval and military officers , under the direction of his Royal Highness Field-Marshal the Duke of "York , to take into consideration the measure already adopted for the security and defence of the country , and to consult and advise what further measures may be expedient or necessary to adopt , in the present state of affairs , in order to remove every ill-founded alarm as to the security of the country . ' ' Mr . Dundas opposed the Mction as being unnecessary . Mr .
PierrepointCo-, lonel Gascoigne , and Mr . Sargeant , were of the same opinion ; and after some observations from Mr . Fox , the Motion was withdrawn . Wednesday it ) . An account of money advanced to the Emperor was presented , and ordered to lie on the table . Mr . Alderman Anderson brou <" m up the Bill for the better regulations of the assize of bread , which was read a first time . Thursday 30 . Mr . Pollen said , it was not with a view to embarrass his Majesty ' s ministers , but to co-operate with all his Majesty ' s subjects , in the reasonsfor
continuing the war , that he now gave notice of his intention , on the first day after the call of the House , viz . on Thursday week , to make a motion for an Address to his Majesty , either that the negociation for peace might be renewed , or that it might be explicitly declared what were the reasons for continuing the war .
Friday , 31 . The House in a committee on the Bank Indemnity Bill , Mr . Pitt introduced a clause for enabling the Bank to issue to such persons as shall bring them specie certain sums in spe-ie , agreeably to their engagements with those persons , but not exceeding , in the whole , three-fourths of the specie so brought in . Mr . Fox could not consent to the clause , for he considered the principles of necessity to be the only possible justification of all the past measures relative to the Bankand the same necessity might violate this new engagement .
, Mr . Pitt , Mr . Curtis , and Mr . Thornton were of opinion that the clause would shortly enable the Bank to resume its general payments in specie ; and after . some opposition from Mr . Tierney and Mr . Sheridan , it passed without a division . A second clause proposed by Mr . Pitt , to enable the Bank of England to make certain advances to the bankers , for the purpose of ready money payments to their customers , was also read and passed . MondayApril 3 . The report of ihe Committee on the minute of Council of the
, 26 th of Feb . which induced the recent stoppage of issue of specie from the Bank was received : the different amendments made in the Committee were then agreed to , and the Bill ordered to be engrossed . Tttesd < y 4 . Mr . Sheridan rose to make his promised motion for prohibiting any further advances to the Emperor . He did not conceive it necessary to wait for the report of the Secret Committee before a decision should be come to upon the