It is said to be the inte...
Jt is said to be the intention of the CHA-NCELLOR of theX ExcnU,QUFR, in the next issue of new Exchequer Bills, to diminish the amount in circulation to the extent of three millions, by the application to that purpose, of the surplus balances at the Bank, which are at present wholly unpro- ductive, the Directors declining any longer to allow iiter- est upon them. The mode by which this red7uction is to be effected will be, by giving to every person applying for new bills, nine-tenths of the amount in bills and one-tenth in money. 'The plan is expected to be canried into cffcct in about six weekc from the present time. Exchequer bills are to be deposited in the Bank to answer to thelbalances wvithdrawni, but whici will not bear any interest..