VI Chapter. Application of the Remedy in Ireland.

Das Select Committee, Report, p. 15, sagt:

„Your committee do, in express terms, declare their clear opinion, that it is incumbent on the Directors of the B. o. Ireland, and their indispensable duty, to limit their paper, at all times of an unfavourable exchange, during the continuance of the restriction, exactly on the same principle as they would and must have done in case the restriction did not exist, and that all the evils of an high and fluctuating exchange must be imputable to them if they fail to do so.“ (180)

The Bank of Ireland does not possess a control over the circulating medium of the country. (182)

Schlägt vor that the Bank of Ireland were to pay their notes in B.o.E. notes, or, which is the same thing, in bills on England at par, when the exchange is 18. (183) Lord King proposed dieß in the H. o. Lords, that the B. o. Ireland obliged to pay their paper in notes of the B.o.E. Dieß adopted in principle by the select Committee. (184)

The demand for discounts is not the criterion for which they should regulate their issues. (190)