Letter – Diana Beaumont to John Erasmus Blackett – 15 Oct 1803

J.E. Blackett Esq. Newcastle upon Tyne			Portman Square  Octr. 15th 1803



Dear Sir

      Col: Beaumont & I have this Morng. had an Interview with Mr Morland, preparatory [single word missing] intended to closing our Account with them, provided you & Mr Bowns approved of the terms proposed to us in the Mem[orand]um given us by Mr Davison, but which Mr Bowns in a Letter this Morng recd does not think favorable to us, he wrote only a few lines in haste, & said we should hear fully from him by the next Post, I am of Mr Bowns’ opinion, in fact Mr Davisons proposal is offer[in]g us no Interest at all; for anything above 10,000£ we shall not certainly allow to remain at 4 per ct. In their Bank when we can make more Interest by purchase of Exchequer Bills, but until we receive your opinion of their proposal we shall come to no decision, & perhaps then it may be better to let Mr Bowns correspond with them on the Subject; we wish if we do leave Morlands to quit them handsomely, & told him we would not deceive him & L[or]d Kinnaird, we believed we might want a large Sum in May & fancied a much larger Sum than I trust we shall have any occasion for, for we said from 50,000£ to 60,000£ expect[in]g instantly a refusal, but Mr Morland beg’d a few Days to consult Lord Kinnaird, & will then let us know; he told us they had advanced 62,000£ & he appeared to think favorably of their (Burdons) Bank, he said the circulation of their Notes was 170,000£ & so many had been paid, he said they were now reduced to 60,000£ we said you held we believed 3000£ of their Notes, he said you might get them paid whenever you chose; we asked how that was possible, he answer’d by Contrivance w[hic]h you could do, I am sure you will be glad to have them paid with the Interest from the 1st July if that can be paid, Morland said every one that owed Money to the Bank could pay that in their Notes, & I suppose he meant that we might negotiate with some one who was in their debt, but of this you will be the best informed – 

      I enclose you another of John Lee’s Letters, I ought to apologize for send[in]g it but [short word missing] it in case you wish to make any use of it [short word missing] him – he enclosed your Letter to us, w[hic]h we very much approved of – excuse this Letter written in great haste, & a little fatigued with our Airing for the first time, & a Conversation with Mr Morland etc. – I am Dr. Sir

sincerely Yours

D Beaumont