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COPY of all Applications made by the First LORD of the

TREASURY and the CHANCELLOR of the EXCHEQUER to the Governor and Deputy Governor of the Bank of England for Advances to Government authorized by Parliament from the 6th January, 1922, to the 5th January, 1923, and the Answers of the said Court thereto pursuant to Act 59, Geo. III. č. 76.

(Presented pursuant to let 59 Gev. III. c. 76.)

Ordered, by The House of Commons, to be printed,

20th February, 1923.

LONDON:
PRINTED & PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE
To be purchased through any Bookseller or directly from H.M. STATIONERY OFFICE
at the following addresses: Imperial House, Kingsway, Lordon, W.C.2, and

28 Abingdon Street, London, S.W.1; 37 Peter Street, Manchester;
1 St. Andrew's Crescent, Cardiff; or 23 Forth Street, Edinburgh.

1923

Price 2d. net.

TREASURY and the CHANCELLOR of the EXCHEQUER to the Governor and Deputy Governor of the Bank of England for Advances to Government authorized by Parliament from the 6th January, 1922, to the 5th January, 1923, and the Answers of the said Court thereto pursuant to Act 59, Geo. III. c. 76.

At a Court of Directors at the Bank on Thursday, the 30th March, 1922,

The following letter from the Chancellor of the Exchequer 'having been submitted :

" Treasury Chambers,
- Whitehall,

" 23rd March, 1922. 6. GENTLEMEN,

" I beg to request that you will have the goodness to move your “ ('ourt to consent to advance during the ensuing Quarter such

amounts as may from time to time be required for the Public

Service, at such rates of interest as may from time to time be “agreed.

* I propose that the advances should be made either on the credit • of Ways and Means under the authority of a Consolidated Fund

Act or Appropriation Act or on the security of Treasury Bills, * according as may be arranged at the time of each advance, and " that the precise amount required and the particular Securities * against which the advance shall be made shall be agreed inform

ally on each occasion with the Bank, and be notified officially to “ the Bank without delay by warrant over the signature of two

Lords.

66

6. I am,

* Yours very faithfully, (Signed)

• R. S. HORNE. “ The Governor and Deputy Governor,

" Bank of England.' The ('ourt agreed thereto.

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“ We beg to inform you that your letter of the 23rd instant was “ laid before the Court of Directors at their Meeting this day, and " that they agreed to advance during the ensuing Quarter such "amounts as may from time to time be required for the Public

Service, at such rates of interest as may from time to time be * agreed.

66

“ The Court further agreed to your proposal that the advances “should be made either on the credit of Ways and Means under “ the authority of a Consolidated Fund Act or Appropriation Act “or on the security of Treasury Bills, according as may be arranged “at the time of each advance, and that the precise amount required “ and the particular Securities against which the advance shall be “ made shall be agreed informally on each cccasion with the Bank, “and be notified officially to the Bank without delay by warrant “over the signature of two Lords.

“ We are, Sir,

“ Your obedient Servants,
(Signed) “ M. NURMAN,

66 Governor.
(Signed) “ H. A. TROTTER,

" Deputy Governor. "The Right Honourable “ The Chancellor of the Exchequer, " Treasury Chambers,

Whitehall, S.W.1."

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At a Court of Directors at the Bank on Thursday, the 29th June, 1922,

The following letter from the Chancellor of the Exchequer having been submitted :

* Treasury Chambers,
- Whitehall,

* 22nd June, 1922. “ GENTLEMEN,

“I beg to request that you will have the goodness to move your “ Court to consent to advance during the ensuing Quarter such “ amounts as may from time to time be required for the Public

Service, at such rates of interest as may from time to time be

"I propose that the advances should be made either on the "credit of Ways and Means under the authority of a Consolidated "Fund Act or Appropriation Act or on the security of Treasury “ Bills, according as may be arranged at the time of each advance, “and that the precise amount required and the particular Securities "against which the advance shall be made shall be agreed inform"ally on each occasion with the Bank, and be notified officially to " the Bank without delay by warrant over the signature of two “ Lords.

* agreed.

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“ Yours very faithfully, (Siguied)

"R. S. HORNE. “ The Governor and Deputy Governor,

“ Bank of England.” The Court agreed thereto.

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A 2

“ Bank of England,

“ 29th June, 1922. "Sir,

“We beg to inform you that your letter of the 22nd instant was “ laid before the Court of Directors at their Meeting this day, and “that they agreed to advance during the ensuing Quarter such “amounts as may from time to time be required for the Public “ Service, at such rates of interest as may from time to time be "agreed.

“ The Court further agreed to your proposal that the advances “should be made either on the credit of Ways and Means under the

authority of a Consolidated Fund Act or Appropriation Act or on “the security of Treasury Bills, according as may be arranged at "the time of each advance, and that the precise amount required "and the particular Securities agaiust which the advance shall be "made shall be agreed informally on each occasion with the Bank, “and be notified otticially to the Bank without delay by warrant “over the signature of two Lords.

66

“ We are, Sir,

“ Your obedient Servants,
(Signed) “ M. NORMAN,

Governor,
(Signed) “H. A. TROTTER,

Deputy Governor. “ The Rigkt Honourable, “ The Chancellor of the Exchequer, “Treasury Chambers,

“ Whitehall, S.W.1."

At a Court of Directors at the Bank on Thursday, the 28th September, 1922,

The following letter from the Chancellor of the Exchequer having been submitted :

" Treasury Chambers,

“ Whitehall,

“ 20th September, 1922. “GENTLEMEN,

"I beg to request that you will have the goodness to move your “ Court to consent to advance during the ensuing Quarter such "amounts as may from time to time be required for the Public Ser“vice, at such rates of interest as may from time to time be agreed.

" I propose that the advance should be made either on the credit " of Ways and Means under the authority of a Consolidated Fund “ Act or Appropriation Act or on the security of Treasury Bills "according as may be arranged at the time of each advance, and

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