In pursuance of the same act, the bank cancelled exchequer bills to the amount of L1,775,027 17s. 10 1/2d. at six per cent interest, and was at the same time allowed to take in subscriptions for doubling its capital. In 1708, therefore, the capital of the bank amounted to L4,402,343; and it had advanced to government the sum of L3,375,027 17s. 10 1/2d.

By a call of fifteen per cent in 1709, there was paid in and made stock L656,204 Is. 9d.; and by another of ten per cent in 1710, L501,448 12s. 11d. In consequence of those two calls, therefore, the bank capital amounted to L5,559,995 14s.

8d.

In pursuance of the 3rd George I, c. 8, the bank delivered up two millions of exchequer bills to be cancelled.