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, 1925, to the 5th January, 1926, and the Answers of the said Court thereto pursuant to Act 59, Geo. III. c. 76. (Presented pursuant to Act 59 Geo. III. c. 76.) Ordered, by The House of Commons, to be printed. LONDON: PRINTED & PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE. To be purchased directly from H.M. STATIONERY OFFICE at the following addresses. Adastral House, Kingsway, London, W.C.2; 28, Abingdon Street, London, S.W.1; York Street, Manchester; 1, St. Andrew's Crescent, Cardiff; or 120, George Street, Edinburgh; or through any Bookseller. 1926 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, 1925, to the 5th January, 1926, 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 26th March, 1925. The following letter from the Chancellor of the Exchequer having been submitted : 66 Treasury Chambers, "18th March, 1925. 66 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 agreed. 66 46 "I propose that the advances shall be made either on the "credit of Ways and Means under the authority of a Consolidated 66 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. 66 86 We beg to inform you that your letter of the 18th instant was laid before the Court of Directors at their Meeting this day, "and that they agreed to advance during the ensuing Quarter 66 66 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 44 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 I 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 25th June, 1925, The following letter from the Chancellor of the Exchequer having been submitted: Treasury Chambers, "Whitehall. "19th June, 1925. 66 66 66 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 agreed. "I propose that the advances shall 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. 66 66 66 66 "I am, (Signed) 66 Yours very faithfully, "WINSTON S. CHURCHILL. "The Governor and Deputy-Governor "Bank of England." The Court agreed thereto. 66 SIR, 66 'We beg to inform you that your letter received on the 19th "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 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 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 24th September, 1925, The following letter from the Chancellor of the Exchequer having been submitted: "Treasury Chambers, "Whitehall, 21st September, 1925. 66 66 66 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 agreed. I propose that the advances shall 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. 66 66 66 66 66 66 66 We beg to inform you that your letter of the 21st 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 officially to the Bank without delay by warrant over the signature of two Lords. |