Bank and Government Finance Debate in 1798 Session
The House discusses extending the Bank of England Act and resuming payments in specie. Government advances to the Land and Malt Tax are approved, with plans to suspend certain Acts and consider new coinage. Amid debates, the navy budget, taxation, and supply provisions are set for the year while commentary reviews European affairs and naval armament.
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Bank Notes and Irish Dispatches Update
London reports Dawes, the Messenger, delivering dispatches from Lord Ligrurent to the Duke of Portland. Consels fell below 48 due to last scrip payment, with talk of a 6 million loan and a 2 million loan on Loyalry terms early next year. A Court of Proprietors at the Bank noted Bates and the Deputy Governor met Port and filed with the House of Commons Secret Committee.
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