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Scheme and Bank Opposition in Public Debt Measure
The speaker recounts how the Administration formed a scheme to reduce public debt, noting approval in the House of Commons and anticipated benefits. He argues the Bank of England opposed the plan, rushing to compete and threatening the South Sea venture, with Treasury officials meeting to persuade the South Sea Company to advance efforts.
MENTIONED IN THIS ARTICLE
House of Commons
Secree
House‘of Commons
England
Treasury
Sig Fchn