Treasury Calendar: October 1696

Calendar of Treasury Books, Volume 11, 1696-1697. Originally published by His Majesty's Stationery Office, London, 1933.

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Citation:

'Treasury Calendar: October 1696', in Calendar of Treasury Books, Volume 11, 1696-1697, ed. William A Shaw( London, 1933), British History Online https://www.british-history.ac.uk/cal-treasury-books/vol11/pp59-67 [accessed 4 November 2024].

'Treasury Calendar: October 1696', in Calendar of Treasury Books, Volume 11, 1696-1697. Edited by William A Shaw( London, 1933), British History Online, accessed November 4, 2024, https://www.british-history.ac.uk/cal-treasury-books/vol11/pp59-67.

"Treasury Calendar: October 1696". Calendar of Treasury Books, Volume 11, 1696-1697. Ed. William A Shaw(London, 1933), , British History Online. Web. 4 November 2024. https://www.british-history.ac.uk/cal-treasury-books/vol11/pp59-67.

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October 1696

Oct. 2,
morning.
Present:—Sir Stephen Fox, Mr. Smith, Sir Thomas Littleton.
[Send word to] the Provost of the Moneyers Mr. Rotiers, Mr. Neal and Mr. Hall to attend on Tuesday morning next.
The Commissioners of Transports having by verbal direction [of my Lords] turned tallies for about 6,000l. into money for their office [at a discount of —] and having occasion so to do for 1,500l. more my Lords [will] give warrant for the allowance by the Auditor [of the said discount] when a perfect account is brought thereof.
[Send word to] Mr. Wybrantz to attend on Tuesday afternoon.
[Write to the Taxes] Agents to attend on Wednesday with an abstract of the returns that have been made about clipt money paid before the 4th of May.
[Send word to] the Auditors to attend on Wednesday afternoon with [all] the accounts [which are] ready for declaration. Ibid., p. 10.
Oct. 6,
morning.
Present:—all the five Lords.
Send to the Customs Commissioners for the report of Mr. Manly and Mr. Cook upon their return from their voyage to St. Sebastian.
Lord Berkeley [attends]. He takes his account of Marine Regiments with him.
[Send word] to Mr. Aaron Smith to deliver to Mr. Henry Baker all the papers concerning the prosecution for the forfeited estate of Wyke Parker, [delivering same to him] by inventory upon which Mr. Smith must take Mr. Baker's receipt.
[My Lords order] a warrant to be prepared to appoint W[illiam] L[owndes] to examine the Tellers' vouchers.
[My Lords direct] Mr. L[owndes] to compute how much hath been paid out of new money to the Navy and to write a letter for [the Navy Treasurer's] paying a proportionable sum to the Ordnance for sea service.
[My Lords direct] 24,000l. to be issued to the Navy: out of loans on the Continued Impositions. In the margin: instead of this [my Lords order] 10,000l. to the Ordnance for sea service and 15,000l. to the Navy for uses to be directed by my Lords.
[Write] to the Navy Commissioners to be here on Wednesday afternoon.
The [Principal] Officers of the Mint and the Provost of the Moneyers are called in. The Provost is blamed because no more money is coined which is occasioned from his not encouraging his servants. He [promises my Lords he] will send down one man more to each [Country] Mint and supply everything that may be wanting.
[My Lords order] 30l. to be paid to the Earl of Romney [being the sum] which he gave to the soldiers in Southwark of Tidcomb's Regiment: to be placed to the account of subsistence.
[Write] to Wilfreind Phillips that he must comply with his agreement within 10 days or else my Lords are off with him and the 250 guineas will not be refunded. Ibid., p. 11.
Eodem die, afternoon. Present:—all the five Lords.
The answer of the Bank to my Lord Ranelagh's report is read.
His Lordship is to have a copy of it.
[My Lords order] Mr. Wybrantz to have 100l. by tallies on the Excise in consideration of money expended by him for the King's service [as] per [his] letter [and] per [the supporting] documents.
[Send word to] the Auditors to attend on Friday afternoon (not to-morrow) with their accounts.
[Send word] to Mr. Story to come with the Excise Commissioners (when they next attend my Lords) about the Excise account.
[Write] to the Customs Commissioners, Excise Commissioners and Glass Commissioners to remind them of what my Lords recommended to them [to wit] to consider of funds to raise money [Supply] for the ensuing year; and to know if they have anything to offer [thereupon]. Treasury Minute Book IX., p. 12.
Eodem die [sic], afternoon. Present:—Lord Godolphin, Sir Stephen Fox, Mr. Smith, Sir Thomas Littleton.
[Write] to Excise Commissioners and the Attorney General to be here on Friday afternoon, and to Mr. Story to be here then.
The Navy Commissioners and Mr. Corbet [attend]. They desire that there may be paid [as follows] out of money in the Treasurer's hands [to wit] 28,500l. for one quarter to the Yards due at Xmas, 1695; 30,000l. for imprests and bills of exchange and other services under the head of Wear and Tear; and [. . . .l. for] the rest of the Navy proportion to the head of wages.
[My Lords order the preparation of] an account of the tallies struck and to be struck on the Hereditary and Temporary Excise.
[Write] to Sir Christopher Wren that my Lords take notice there is an encroachment setting up in St. James's Park behind the Stables near St. James's House without any leave obtained for the same that my Lords know of. My Lords desire him to put a stop to any further proceeding in the said building until he hath informed himself on what pretence it is done: and my Lords desire him to make report to them on Friday.
[Send] to Mr. Renew and Mr. Ferne to be here on Friday afternoon.
[Send word] to Mr. Misson at his house near St. Ann's Church to be here on Friday afternoon.
My Lords direct the Agents [for Taxes] to write again to the [Assesment] Commissioners for the 4s. Aid for accounts of the moneys paid by the collectors to the Receivers General before May 4 last.
[Send word] to Mr. Taylor and Mr. Lancelot Burton to be here on Monday afternoon about the discount which my Lords allow for [encashment of] tallies.
[Write] to my Lord Ranelagh that my Lords will attend the King on Friday morning at 10 o'clock and desire him to be at Kensington then. My Lords will carry [to the King] then his [Ranelagh's] report and the Bank's answer. Ibid., p. 13.
Oct. 9,
afternoon.
Present:—ut supra.
[Write] to Sir Christopher Wren to be here on Monday afternoon.
[My Lords order the dispatch of] letters to the persons set in super in the several accounts of Mr. Fox and Lord Coningsby, requiring them to deliver their accounts to the Auditors or else process will be directed against them.
[Write] to the Bank to desire some of the Directors to be at Kensington on Monday at ten o'clock about their losses per remises [by remittances of exchange to Flanders for the Troops].
The Commissioners of Excise [attend and my Lords read their] reports &c., [and the decisions of my Lords are endorsed thereon].
[Send word to] the Attorney General to be here on Monday afternoon.
[Send word] to the Commissioners of [Stamped] Parchment and Paper to be here to-morrow morning. Ibid., p. 14.
Oct. 10. Present:—Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith, Sir Thomas Littleton.
Mr. Neal and Mr. Hall [attend. My Lords order] 1,000l. for the Mints out of the first disposeable money in the Exchequer.
[Write] to the [Principal] Officers of the Ordnance to be here on Tuesday afternoon with an account of the tallies in their Treasurer's hands and of what saltpetre they shall want for next year and how the remainder of the powder bought in Holland (being 1,500 barrels remaining in Mr. Clifford's hands) shall be disposed.
[My Lords order] the salaries of the Commissioners of Glass to be 300l. a year [each] and my Lords agree to the rest of their establishment: and they are to make no new officers for the future upon vacancies save upon presentment to be first made to and approved by my Lords. Ibid., p. 15.
Oct. 12,
forenoon. Kensington.
Present:—the King: all the five Lords.
Lord Ranelagh is called in and his report is read, and the Bank's answer thereto concerning the Bank's losses by remises [by remittance of exchange for the Troops in Flanders]. The King directs my Lords to call before them my Lord Ranelagh and the gentlemen of the Bank and to go over their demands head by head and so to make their judgment upon each of them; and to give my Lord's opinion thereon to the King.
The gentlemen of the Bank come in and are told what the King has directed. My Lord Ranelagh and they are to attend [my Lords] to-morrow morning at 10 o'clock. Ibid., p. 18.
Oct. 12,
afternoon. Whitehall Treasury Chambers.
Present:—all the five Lords.
Mr. Lowndes is to acquaint Mr. Peters to-morrow morning that my Lords will come this day week to the Exchequer to lock up his cash: and send the same notice to Mr. Palmes.
[My Lords order] 6,866l. 4s. 11½d. to be issued to the [Treasurer of the] Navy for the Victuallers: and that a letter be sent to them to employ it towards the preserving and improving their credit in the outports. Ibid., p. 16.
Oct. 13. Present:—all the five Lords.
[Write] to the Agents [for Taxes] to hasten the bringing in to the Exchequer of the money collected on the Window Act.
[Write] to the executors of Sir Leonard Robinson to bring into the Exchequer money which he received of that Tax.
The gentlemen of the Bank and the Earl of Ranelagh [attend]. Their demands [the demands of the Bank] are read article by article and the minutes [made thereupon] are entered on my Lord Ranelagh's report.
[Send word] to the [Principal] Officers of the Ordnance not to attend this afternoon but on Friday afternoon. Ibid., p. 17.
Eodem die, afternoon. Present:—Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith, Sir Thomas Littleton.
[My Lords order] 1,000l. of the tallies in Mr. Burton's hands to be issued to the Cofferer to provide for the King's journey. Ibid.
Oct. 13 [sic],
afternoon. Treasury Chambers, Whitehall
Present:—all the five Lords.
[Send word] to the Customs Commissioners to be here on Friday afternoon.
[My Lords order] tallies to be levied on the Salt Duty for 50,000l. for the Earl of Ranelagh: to be paid over to the Bank [of England] for remises for subsistence in Flanders.
[Send word] to Mr. Pauncefoot and the Agents [for the Irish arrears] and Mr. Medina to be here on Friday forenoon.
[Send word] to the [Principal] Commissioners of Prizes to be here on Friday afternoon: and all papers concerning Prizes are to be ready [against then].
The Governor and others of the East India Company [attend. My Lords order that] they are to have a list of the Ordnance tallies out of which their money [the money due to them is to be paid] for the powder in Holland.
Write to the said Company and the [Principal] Officers of the Ordnance to be here on Friday afternoon.
[Write] to the Navy Board that Mr. Corbet having moved my Lords for a credit for 4,000l. to be furnished to Sir Cloudesley Shovell at Cadiz my Lords command their secretary to signify to them that in case Sir Cloudesley Shovell do draw bills upon the Navy Board or the Treasurer of the Navy for such sums as he shall have occasion for at Cadiz for her Majesty's service my Lords will cause moneys to be issued to the Navy Treasurer to [meet] same, not exceeding 4,000l.
[My Lords decide] to direct that 20,000l. of the money in the Exchequer arising by loans on the Continued Impositions be issued to the Navy for such uses as my Lords shall appoint.
Write to Mr. Dodington and Mr. Corbet to be here on Friday morning. Treasury Minute Book IX., pp. 18–19.
Oct. 16,
forenoon.
Present:—all the five Lords.
[Write] to the Navy Commissioners to be here on Monday afternoon.
Mr. Medina [attends and informs my Lords that he] will draw bills for 8,500l. to [be remitted to] Amsterdam to take up as many of Mr. Hill's protested bills [as will amount to that sum] and my Lords promise he shall be repaid in 6 weeks' time and in the meantime he shall have a deposit of 12,000l. in tallies on the Continued Impositions (part of those which were intended for the Duke of Savoy) to be his security; and if any loss accrue by this drawing or remitting, the King is to bear it, as [long] as Mr. Medina gives Mr. Abbot an account thereof from time to time.
[Send] to the Excise Commissioners to be here on Monday afternoon about the Victuallers. Ibid., p. 20.
Eodem die, afternoon. Present:—ut supra.
The Customs Commissioners are called in. My Lords tell them there are several of their presentments and reports to be read and ask them which they think most necessary to be dispatched.
Sir Robert Clayton says that concerning the St. Sebatian wines. Mr. Chadwick thinks it may be nceessary that Mr. Manley and the other persons that went thither upon the examination of that affair should be present when that report is read. Then [next] they desire that their report about the allowances to be made to the patent officers for the Impost Duties may be considered: which was done and agreed unto by my Lords: and afterwards the establishment proposed for the port of Whitehaven was likewise read and agreed to.
The Customs Commissioners acquaint my Lords that since the restraint [imposed] upon the pacquet boats [to prohibit them] from carrying the woollen manufacture [of this kingdom] to Coruña &c., in Spain two or three Dutch families are gone thither and are about to set up that trade there which may prove of ill consequence to us, though they believe it is not with the cognizance of the States General but only [for] a private advantage proposed by the said persons. However they think it necessary that all care should be taken to prevent the mischief that may happen thereby.
My Lords think it not proper to make this a matter of state, but that it be done as privately as may be and therefore my Lords will speak to the Postmaster General to take off the said restraint from the pacquet boats which they hope will be sufficient.
My Lords say the East India Company are attending about having [a bond under] their common seal taken for security of their Customs and Imposts and that they might not be obliged personally in bond for the same.
Mr. Chadwick thinks that [is] not so good security as to have them personally bound and that they [the Company] never till now have desired this to be done and that [a bond under] their said seal is 20 per cent. worse than ready money at this time. However, he thinks it will be hard for them [the Customs Commissioners] to urge this to my Lords before [face to face with] the said Company in regard of the great difficulties and calamities they have lain under.
Then the [gentlemen of the] East India Company are called in. They desire that [a bond under] their common seal may be taken as security for their Duties, it being the same that they give to any lenders of money to the Company and that it is a great hardship that they should be bound personally: that the words of the Act for the Impost on their goods (which is the greatest part of their Duties) require only security to be given, which they hope my Lords will think [a bond] under their common seal to be.
My Lords say that having not hitherto in four or five years desired this and the Duties being now wholly appropriated, they think it too great a matter for them to determine anything that may seem a lessening of the security; but that they will consult the Attorney General about the words in the Act relating to the security for their impost and then lay their case before the King.
The Company say they hope my Lords will give them leave to dispose of some of their saltpetre to enable them to raise money to pay their Duties.
My Lords say they will speak to the officers of the Ordnance to know what [amount of saltpetre] they have occasion for.
The [gentlemen of the] East India Company withdraw.
The [Principal] Officers of the Ordnance come in and represent the great want of money their Office is in, particularly for the [supply of the Artillery] train in Flanders and the great rates they are forced to pay for discount of tallies, &c.
My Lords tell them what is desired by the East India Company. They say [in reply that] they have not [any great] present necessity for saltpetre because there was no action last summer but they think it being a commodity that is uncertain to come at that it will be a necessity to have a store thereof and propose that three hundred tons of the five [hundred] be reserved by the said Company which they hope will be sufficient.
My Lords thereupon agree that 300 tons of saltpetre shall be reserved by the said Company to be at the King's refusal at their charter-price.
The [Principal] Commissioners of Prizes are called in. My Lords tell them that the Cashier to the Navy Treasurer has acquainted them that they [the said Commissioners] proffer him Bank Bills for the shares of prizes appropriated by Act of Parliament for Sick and Wounded seamen: that this being for the Chest at Chatham must be paid in ready money and that Bank Bills are not payment according to the Act of Parliament.
They [the Prize Commissioners] say they are forced to sell [the prizes] for Bank Bills and that the Captains and all others [interested for their shares as captors &c.] have been satisfied therewith.
My Lords nevertheless direct them to turn this into money and to place [charge] the discount to their account of incidents, and it shall be allowed them.
They say it shall be done but desire that Mr. Doddington may not let it be known lest it should bring a clamour upon them from all those who have already accepted their payments in Bank Bills.
My Lords [promise that they] will speak to Mr. Doddington [accordingly].
Mr. Middleton is called in. He desires that the Chancellor of the Exchequer will sit in the Exchequer Court when the business relating to the frauds about the Duties on corn comes on: which he promises to do. Treasury Minute Book IX., pp. 20–22.
Oct. 19,
morning. Kensington.
Present:—Lord Godolphin, Chancellor of the Exchequer, Mr. Smith, Sir Thomas Littleton.
[My Lords order that] 1,000l. over and above the 1,000l. already directed is to be issued to Mr. Neal for the Mint and [that it be next] after 500l. to Sir William Trumbull for secret service: to be issued out of any disposeable money coming into the Exchequer.
When a place of about 50l. or 60l. a year becomes void my Lords will bestow it on Mr. Ball of Windsor.
In case Mr. Daniell, searcher of Hull, be dead my Lords will give his place to Mr. John Misson.
His Majesty comes in.
The report [of the Earl of Ranelagh] and [the Bank's] answer thereto concerning the Bank's losses by remittances [of exchange for the subsistence of the Forces in Flanders] is read. The King thinks they could have no loss by the four millions of guilders which was borrowed in Holland upon his credit and that the Bank ought to have no allowance for it. Ibid., p. 22.
Oct. 20,
afternoon. Treasury Chambers, Whitehall.
Present:—Lord Godolphin, Sir Thomas Littleton.
[Send word] to Mr. Sheppard to be here to-morrow morning at 11 or 12 o'clock.
[Send] to the Navy Commissioners to be here on Friday afternoon about Sir Joseph Herne.
[Send] to the Excise Commissioners to be here on Thursday afternoon about the brewers at Portsmouth.
[Send] to Mr. Duncomb to be here to-morrow morning at 9 o'clock.
[Send word] to Sir Samuell Dashwood that my Lords desire to speak with him.
Send to Sir Joseph Herne and Sir Francis Child to be here tomorrow morning at 9 o'clock: and to Mr. Knight to be here then.
[My Lords appoint] Robert Knight of London, grocer, and James Collett of London, merchant, to receive the rest of the fourth 4s. Aid in London and to give the same security as Sir Leonard Robinson did. Ibid., p. 23.
Oct. 21,
forenoon.
Present:—Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith, Sir Thomas Littleton.
[My Lords order the] 2,000l. which will be this day paid into the Exchequer on the Four and a Half per cent. Duty to be forthwith issued to the Earl of Ranelagh for the Forces, and be reserved for such uses as my Lords shall appoint.
The proportions upon the Salt Act are to be cast up.
[My Lords order] Sir Joseph Herne to deliver 20,000l. of the tallies in his hands to the Earl of Ranelagh who is to be surcharged therewith per warrant. Ibid., p. 24.
Eodem die, afternoon. Kensington. Present:—all the five Lords.
His Majesty comes in.
[The King directs that] my Lords are to speak with the Victuallers to know how much will be necessary for carrying on the Victualling at this time. Write to them to attend the Treasury on Friday afternoon.
Upon a proposal now debated [the King orders the following points] to be explained.
(1) What proportions must be observed between advancing in tallies, [or] in Bank Bills, [or] in money.
(2) How the Corporation is to be constituted and with what powers.
(3) Whether the subscriptions of those that have tallies are to be voluntary or compulsory. If voluntary what encouragements are to be proposed to induce people to be willing to subscribe and what provision will be left for those tallies that shall not be subscribed.
(4) What obligations shall be on the Corporation to furnish the money for the public service.
(5) What is meant by the Bank of England's bill (mentioned in the proposal) being satisfied out of the Bank's effects with interest: [to wit] whether the Bank's fund must be entirely applied thereunto and what will remain [in that case] to satisfy other bills.
(6) To enumerate the particulars which are to produce the sum of "upwards of 4,000,000l. which are mentioned in the proposal to be raised in specie.
(7) That the whole scheme be explained and made as perfect as may be. Ibid., p. 25.
Oct. 23,
morning. Treasury Chambers, Whitehall.
Present:—Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith, Sir Thomas Littleton.
The Navy Commissioners and Sir Joseph Herne [attend]. Sir Joseph having accepted from the said Commissioners tallies on the Continued Impositions in satisfaction for bills of exchange from Cadiz and other parts my Lords [upon deliberation inform him that they] will allow him 10 per cent. for the sum which was due upon his bills in con[sideration] of his taking tallies and [as equivalent to] the interest incurred upon the tallies.
[My Lords order] 1,000l. to be imprested to Mr. Culliford and Sir Antho. Evernden upon account for sail cloth by them furnished to the Navy: [to be issued] out of the money in the hands of the Treasurer of the Navy.
[likewise] 20,000l. [to be issued to the Navy Treasurer] out of same: to be applied to wages.
[likewise] 5,000l. out of same: to be issued to [same to be paid over to] the Victuallers to supply fresh provisions to Sir Cloudsley Shovell's squadron and other necessary services of the Victualling.
Mr. Shaw and Mr. Villiers are heard by their counsel upon the petition of Mr. Shaw that the grant to Mr. Hall and Mr. Villiers may pass. The counsel for Mr. Villiers insists that the office of one of the searchers at Gravesend is granted to Mr. Villiers and Mr. Shaw and the surveyor during pleasure; that Mr. Shaw's life is not so good an one as that of Mr. Hall and there may be a reversion granted which would take place on any revocation of the pleasure.
Counsel for Mr. Shaw says the grant is but during pleasure: the survivorships can signify nothing in this case: the like was done when Mr. Villiers was joined with Mr. Shaw in the office and Mr. Shaw made no such objection against Mr. Villiers: and the like has been done in other cases: and the King has already signified his pleasure by his warrant.
[My Lords upon debate decide that] this matter is to be represented to the King.
Mr. Middleton and several merchants are heard about the Duties on corn. Mr. Dod, for the merchants, says that upon oath made of the price of corn and upon a certificate of the justices they [the merchants] imported corn to relieve the necessities of the nation when it was above 10s. a bushel; and 'twas done on the application of the City of London: that Mr. Midleton comes two years after and says corn was under 10s. by about a groat or 6d. and prosecutes for a high Duty.
Mr. Midleton says the corn was in the river when the certificate was obtained and men were employed to give more than the market price.
[My Lords order] 20,000l. to be issued to the Treasurer of the Navy out of loans on the Continued Impositions. Treasury Minute Book IX., pp. 26–7.
Oct. 26, forenoon. Present:—all the five Lords.
[Send word to] the Excise Commissioners to be here with the Victuallers to-morrow afternoon. [Send] to Mr. Duncomb and Mr. Sheppard to be here then.
[Send word] to the gentlemen of the Bank that my Lords desire to speak with them and to have their opinions in what they think proper at this time for the raising of credit and that this may be as soon as they can be prepared: and [desire them to] send my Lords word at what time they will come hither. Ibid., p. 27.
Oct. 27,
forenoon.
Present:—Sir Stephen Fox, Mr. Smith, Sir Thomas Littleton.
[Send word] to the gentlemen of the Bank that my Lords desire them [to attend here] without fail this afternoon or to-morrow morning by 10 o'clock "upon the subject of my [the Treasury secretary's] letter to them of yesterday's date." Ibid.
Eodem die, afternoon. Present:—all the five Lords.
The Excise Commissioners [attend and] say that a letter was sent on Friday last to Portsmouth to withdraw the informations against the brewers there.
The Victuallers come in and say that the brewers are not satisfied with that.
Mr. Pauncefoot is called in. It is agreed that [Exchequer] Bills be deposited in Mr. Foxe's hands for the whole 26,758l. 10s. 45/8d. due to the Irish Regiments for their arrears. Ibid., p. 28.
Oct. 28,
forenoon.
Present:—Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith.
[Send] to Mr. Knipe to be here on Friday afternoon.
[My Lords order] 25,179l. 19s. 5d. to be issued to the Treasurer of the Navy for such uses of the Navy as my Lords shall direct: to be issued out of loans on the Continued Impositions.
Sir William Scawen and other gentlemen of the Bank come in. Sir William says [that in the opinion of the Directors of the Bank of England the following are essential steps in order] to raise credit (1) increasing the species [specie]; (2) hastening the coinage; (3) the Parliament's going on vigorously towards making good the Deficiencies; (4) lessening the discount of tallies.
But they can propose no particular means for this. They'll come again on Friday. Ibid., p. 29.
Eodem die, afternoon. Kensington. Present:—the King: Lord Godolphin, Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith.
[The King orders] the Provost of the Moneyers to be here [Kensington] with my Lords [of the Treasury] at their next meeting to wait on the King.
[The King directs my Lords to] discount tallies to give Mr. La Rue 200l., viz., 100l. for subsistence and 100l. for his goods. Ibid., p. 30.
Oct. 30,
forenoon. Treasury Chambers, Whitehall.
Present:—all the five Lords.
Sir William Scawen and other gentlemen of the Bank come in and propose [measures as follows] in order to raise credit: viz.: (1) that there be no other Bank than the Bank of England; (2) that the said Bank be continued for some years beyond the present time [which is] about 9 years to come "but redeemable by Parliament"; (3) "that some way be found out to supply the Bank speedily with a considerable sum of present money, &c." Ibid., p. 31.
Eodem die, afternoon. Present:—ut supra.
[Write] to the Earl of Ranelagh or Mr. Abbot that there being a pressing occasion for 6,000l. in ready money my Lords desire him to raise the said sum, by discount, upon the tallies in his [Ranelagh's] hands which he received from Sir Joseph Herne; and that he do this immediately if it be possible, and give my Lords an account of it.
[Send word] to Mr. Hosyer to come to me [Lowndes] to-morrow morning.
[My Lords order that] when there is any disposeable money [on any of the funds in the Exchequer] the Agents for Taxes are to have their salaries.
The [Army] clothiers will be here on Monday afternoon.
[My Lords order] 10,000l. for the course of the Navy: [to be so applied] out of the money in the [Navy] Treasurer's hands.
[My Lords order] Mr. Midleton to have 25l. from the Customs Commissioners.
[My Lords order] Mr. John Lloyd and Mr. Cornish to be Receivers of the Duty on houses and the Duties on births, marriages and burials and of the next Land Tax for London, Middlesex and Westminster. Ibid., p. 32.