"that the precise amount required and the particular Securities "against which the advance shall be made shall be agreed informally "on each occasion with the Bank, and be notified officially to the "Bank without delay by warrant over the signature of two Lords. "We beg to inform you that your letter of the 20th 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 Ser"vice, 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 against which the advance shall be "made shall be agreed informally on each occasion with the Bank, "and be notified officially to the Bank without delay by warrant "over the signature of two Lords. At a Court of Directors at the Bank on Thursday, the 21st December, 1922, The following letter from the Chancellor of the Exchequer having been read "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 agreed. 66 "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. "We beg to inform you that your letter of the 15th 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 against which the advance shall be "made shall be agreed informally on each occasion with the Bank, "and be notified officia ly to the Bank without delay by warrant "over the signature of two Lords. ACCOUNTS, 1922. ACCOUNTS of the COMMISSIONERS OF CHURCH TEMPORALITIES IN WALES for the Year ended 31 December, 1922, and from 24 September, 1914, to 31 December, 1922, in respect of transactions under Acts 4 & 5 Geo. 5, c. 91, and 9 & 10 Geo, 5, c. 65, together with the REPORT of the COMPTROLLER AND AUDITOR GENERAL thereon. (Presented pursuant to Act 4 & 5 Geo. 5, c. 91, s. 31.) Ordered, by The House of Commons, to be Printed, 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, London, W.C.2, and 28 Abingdon Street, London, S.W.1; York Street, Manchester; 1 St. Andrew's Crescent, Cardiff; or 120 George Street, Edinburgh. 1923 Price 3d. Net. THE COMMISSIONERS OF CHURCH STATEMENT OF RECEIPTS AND PAYMENTS ON ACCOUNT OF CAPITAL FOR THE YEAR ENDED ... ... ... ... To Balance, 1 January, 1922 Cash received from the Governors of Queen Anne's Bounty Cash received from the Governors of Queen Anne's Bounty ... Receipts on account of sales of Glebe Lands and Properties ... ... Amounts received by way of purchase for the redemption of tithe ... 1,131 9 2 Sums received by way of Mineral Rents, Royalties, and ... 773 18 5 Sum transferred from Revenue Account to Sinking Fund 3,656,631 11 2 2,542,597 9 9 This loan is repayable to the National Debt Commissioners by means of an annuity of £160,834, payable half-yearly, the first payment (£80,417) being due on 20 August, 1925. During the first three years of the loan, interest only, at 5 per cent. per annum, is payable. TEMPORALITIES IN WALES. 31 DECEMBER, 1922, AND FOR THE PERIOD 24 SEPTEMBER, 1914, TO 31 DECEMBER, 1922. PAYMENTS. H.M. Treasury-Repayment of Advances from Civil Contin- Payments to the Representative Body of the Church in Treasury grant in aid of sum due by way of commutation. ... ... ... ... Payments. 1 January to 31 December, 1922. £ s. d. ... 2,287,000 Value of Properties transferred under Section 18 (b)... ... ... ... ... ... 69,109 15 8 36 17 6 3,656,631 11 2 2,542,597 9 9 |