§ Bill considered in Committee, and reported, without Amendment; to be read the third time upon Monday next.
§ SIR GEORGE CAMPBELLsaid, an important announcement was made by the Chancellor of the Exchequer at an early hour this morning, when it was impossible that it could be reported, and it would be some comfort to the country if he would now repeat it. It was as to the terms on which this money was to be raised, and he said that the Exchequer Bonds, except a small part of them, would only be issued for 12 months.
§ THE CHANCELLOR OF THE EXCHEQUERThe Bill takes power to issue Bonds for a term not exceeding three years, but that is the ordinary form; and I may say that it is not intended to issue any of these Bonds for more than one year, except a few to replace some Public Works Loans Bonds which have just run out.