HC Deb 25 June 1819 vol 40 c1373
Mr. Peel

having moved the third reading of this bill,

Mr. Grenfell

expressed his satisfaction at its enactments. It was, he conceived, a measure which, allowing to the Bank their fair proportion of profit, would prevent those abuses to which he had so frequently called the attention of the House. It was now four years since he had first called the attention of the House to the nature of the transactions between the Bank and the government—since he had pointed out where it was that a saving might be made without any injustice to the Bank. Perhaps, now that the country was to be let into a portion of the large profits which were made—now that there was to be established those regulations for which he had contended, it became him to say, that he would now take his leave of the Bank subject. There were still, however, some details which remained to be settled, such as the charge for the management of the public debt, which amounted to some 200,000 or 300,000l. annually. Yet he felt satisfied upon this head, as he understood they were to be submitted to the committee of finance, or some other committee in the course of the ensuing session. He could assure the House, that he had no other than a motive of public good in all the motions he had made. He was actuated by no feeling of personal hostility towards the members of that respectable body, the Bank; and if in the course of arty observations which he had had occasion to make, he had expressed himself with unbecoming warmth, he was sorry for it.

The bill was then passed.