The Stocks Examined And Compared Or a Guide to Purchasers in the Public Funds
The Stocks Examined And Compared Or a Guide to Purchasers in the Public Funds
William Fairman
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Ny fuch mcafure, and they Solemnly pro- tect agaiuft any refponfibility for the calamitous confe- quences that may follow thereupon. '' As the Minister G did ( 42 ) did not appear to coincide with the Directors in their opinion on this fubjet, and there remained at leaft a probability that the meafure would be carried into exe- cution, the moft effectual mode, in which the Bank could prepare to encounter the evils they feared, was by dimi- nifhing the amount of their advances to government, by ...which means they would be enabled to anfwer any in- creafed demands upon them from the public. How far they were fuccefsful in their endeavours to get thefe ad- vances reduced will appear from the following account of their amount at the beginning of every month of the year 1796: January, 11, 292, 700 February, 11, 499, 700 March, 11, 260, 600 April, 11, 168, 700 May, 11, 392, 100 June, 11, 248, 300 July, 10, 352, 800 Auguft, 9, 306, 500 September, 10, 043, 900 OiSiober, 8, 946, 600 November, 8, 769, 000 December, 10, 818, 500 The great exportation of coin and bullion to Germany and Ireland, in the courfe of the preceding year, reduced the quantity in the hands of the Bank about one half, nor can it be wondered that the drain upon them continued, when the following profit was to be obtained on the ex- pcnation of guineas to Hamburgh : 1796.
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