§ Mr. Grenfell
wished to ask the right hon. gentleman opposite, whether, in the late bargain with the Bank, any and what regulation had been made relative to the sum which was to be paid in lieu of stamp-duties on their notes?
The Chancellor of the Exchequer
replied, that an agreement had been made, which he would take an early opportunity of submitting to Parliament. A regular weekly return of the issue of Bank paper was to be made to the Treasury, a calculation was to be made from this amount, and the Bank was to pay to the public the sum of 3,500l. for every 1,000,000l. sterling of their issue, in lieu of stamp-duties. It was intended to alter this arrangement whenever a resumption of cash payments took place, and to strike an average from the issue of the three preceding years.