or who had not, considered the subject in Ireland, and was since rejected and opposed by several of the most experienced gentlemen who gave evidence to the Committee, that the correctness of it is most amply substantiated by the result of the exertions of the Committee. The author has also the farther satisfaction of observing, that these exertions have been productive of such information as points out a safe and efficient remedy for the evils which have been experienced; and cannot close this work without bearing testimony of the great benefits which have already been derived from the active and persevering zeal of that able statesman who proposed, and conducted, the proceedings of the Committee of Inquiry. Years. APPENDIX. No. 1. Tables of the Course of Exchange between Dublin and London, from 1789 inclusive. 1789 1790 1791 1792 J793 1794 1795 1796 8/1 81 988 848 8 8 8 8 9 87 88 8 8 88 8 8 89 84 8 8 8 8 8 8 8 8 8 73 74 7 89 99 9 9 9 8 8 9 91 9 94 971110 11111111112 12 14 |13|12112 114 113 103 104 11412 10 10 10 133 11 11 notes in circulation 1802 £. 2.678,980 of Irish bank11 12 12 13 11 12 12 11 12 12 12 12 notes in cir culation 1803 £. 2,911,628 of Irish bank notes in circulation 12 127133 14||14||18||14||17 15 17 15 16 N. B. The rates here stated are the averages in each month. In December, 1803, the exchange was at one time 19 per Cent. In September, 1797, exchange was as low as 6 per Cent. It was in this year that the first Loan was borrowed for Ireland in No. 2. Account of Bank of Ireland Notes in Circulation at different periods, (including Post Bills under 51.) presented to the House of Lords, pursuant to an Order, dated February, 1803. England; and it appears to have been the cause of this unusual low rate. In September of this year there were £800,090 of the Loan to be received by the Fish Treasury, an as the sending of it into the market would have caused a still lower rate of exchange, and great loss would ensue to the public, an application was made to the Bank of Ireland in order to raise upon the English notes in which the Loan was paid, such a sum as was necessary for the usual treasury paymeats. The Directors would not be concerned with these notes.further than was consistent with the good of the public, by preventing the exchange from falling unna"turally low." ་་ This circumstance is an additional proof of the operation of a depreciated currency upon exchange. |