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Updated: June 15, 2025
After this important matter was disposed of, the Governor General intimated that he had advanced £30,000 to the Receiver General, out of the military chest, to enable him to pay the expenses of the civil government, for the half year ending in May, 1822. He called upon the House for re-payment. The reply was pertinent.
She was, by the devotion of her conduct, enabled to excuse herself so far that she could even fish up an excuse in the shape of the effort she had made to find him entertaining: as if the said effort should really be re-payment enough to him for his assiduous and most futile suit. One deep grief sat on Cornelia's mind.
By this scheme, every borrower of a sum larger than one hundred pounds, was to mortgage real estate to secure its re-payment. The borrowers of smaller sums might secure their re-payment either by mortgage, or by bond with two securities.
The third party was in favour of a loan of bills from the government, to any of the inhabitants who would mortgage real estate to secure their re-payment in a specified term of years; the interest to be paid annually, and applied to the support of government. The first party, perceiving its numerical weakness, joined the third; and the whole province was divided between a public and private bank.
At this moment the government half opens the doors of its storehouses; it lends a few sacks of flour on condition of re-payment, for example, at Cherbourg a few hundreds of quintals of oats; by means of oat bread, the poor can subsist until the coming harvest. But above all, it doubles its guard and shows its bayonets.
But they did not keep faith. They rendered the security afforded by this mortgage inoperative and, as all chances of re-payment disappeared, its value declined.
In pursuance of the 4th of George III. c.25, the bank agreed to pay to government for the renewal of its charter £110,000, without interest or re-payment. This sum, therefore did not increase either of those two other sums.
She was, by the devotion of her conduct, enabled to excuse herself so far that she could even fish up an excuse in the shape of the effort she had made to find him entertaining: as if the said effort should really be re-payment enough to him for his assiduous and most futile suit. One deep grief sat on Cornelia's mind.
They also authorised the receiver general to borrow one hundred thousand pounds on the credit of the colony, and to issue securities for the re-payment thereof, bearing an interest of six per centum per annum.
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