§ The House having resolved itself into a Committee o Supply,
The Chancellor of the Exchequersaid, that it was not his intention to enter into any lengthened discussion at the present moment; if it should be thought necessary that such discussion should take place, an opportunity would occur in some future stage. He should now state the sum to be funded in Exchequer Bills, the day in which tenders should be received, and the amount to be paid in stock. He was desirous of trying this year, whether the funding in the five percents might not be carried to a greater extent that it was last year. The amount was then 8,000,000, which he should change in the present year to 12,000,000. He should propose that all bills issued from the 1st day of April 1810, to the 16th day of March, 1811, and carried to the Exchequer between the 21st and 27th of this month, 367 should be entitled, for every 100l. sterling, to 103l. 14s. 7d. out of the 5 per cents. At the period of the last loan the 5 per cents. were in the morning of that day at 97, since then there was no great change. This day they were 97¼. Calculating the sum at 101l 7s. 4d. and the interest at 7s. the person would have a bonus of 14s. This he trusted would be considered sufficient encouragement. He concluded with moving two Resolutions, the first providing, That every person who brought bills issued from the 1st of April 1810, the 16th of March 1811, and carried the same to the Exchequer between the 21st and 27th of this month, should be entitled to receive for every 100l. 103l. 14s. 7d. the interest commencing in January last, to be paid out of the consolidated fund. The second Resolution provided that the issue of Exchequer Bills should not exceed 12 millions.
After a few words from Mr. Baring, the House resumed, and the Report was ordered to be received to-morrow.