The commons voted one hundred and twenty-five thousand pounds for making good the deficiency in recoining the hammered money, and the recompence for bringing in plate to the mint.

This sum was raised by a tax or duty upon wrought plate, paper, pasteboard, vellum, and parchment, made or imported.

Taking into consideration the services and the present languishing state of the bank, whose notes were at twenty per cent, discount, they resolved that it should be enlarged by new subscriptions, made by four-fifths in tallies struck on parliamentary funds, and one-fifth in bank-bills or notes; that effectual provision should be made by parliament for paying the principal of all such tallies as should be subscribed into the bank, out of the funds agreed to be continued; that an interest of eight per cent, should be allowed on all such tallies; and that the continuance of the bank should be prolonged to the first day of August, in the year one thousand seven hundred and ten.

That all assignments of orders or tallies subscribed into the bank should be registered in the exchequer; that before the day should be fixed for the beginning of the new subscriptions, the old should be made one hundred per cent., and what might exceed that value should be divided among the old members; that all the interest due on those tallies which might be subscribed into the bank-stock, at that time appointed for subscriptions, to the end of the last preceding quarter on each tally, should be allowed as principal; that liberty should be given by parliament to enlarge the number of bank-bills to the value of the sum that should be so subscribed over and above the twelve hundred thousand pounds, provided they should be obliged to answer such bills on demand, and in default thereof be answered by the exchequer out of the first money due to them; that no other bank should be erected or allowed by act of parliament during the continuance of the bank of England; that this should be exempted from all tax or imposition; that no act of the corporation should forfeit the particular interest of any person concerned therein; that provision should be made to prevent the officers of the exchequer, and all other officers and receivers of the revenue, from diverting, delaying, or obstructing the course of payments to the bank; that care should be taken to prevent the altering, counterfeiting, or forging any bank bills or notes; that the estates and interest of each member in the stock of the corporation should be made a personal estate; that no contract made for any bank stock to be bought or sold, should be valid in law or equity unless actually registered in the bank books within seven days, and actually transferred within fourteen days after the contract should be made.

A bill upon these resolutions was brought in under the direction of the chancellor of the exchequer: it related to the continuation of tonnage and poundage upon wine, vinegar, and tobacco, and comprehended a clause for laying an additional duty upon salt for two years and three quarters.