Star. — London, England, 1829-05-12 00:00:00

dodos the year 11111 for Charitable Estalollaboisom Itifiromarita. DOpaosarlea, Independent of donation' from private lodividuals Agreed to. Lord I LTON presented a Petition from the woollen lamw facturers of Huddersfield, in the county of Teri, praying that the trade of India may be thrown open sip= the termination of the present charter of East India Company—Ordered to be printed. Sir J. GRAHAM presented a Petition from the yet . moor y. farmers. and other inhabitants of the county of Cumberland, for an increase of the import duties upon foreign wool. The Honourable Baronet proceeded to state that, although be felt it his duty to present the Petition, he did not concur in the prayer of the Pea yio. ars, which he did not conceive as calculated (if granted) to effect their object. He had, on a former occasion, stated his chnviction that, In order to compete with theforeign manufacturer, it was necessary that a certain quantity of the prime quality of foreign wool should be mixed with British wool, without which the consequence would be a diminution of demand for British cloths. While he made that statement. he felt bound to admit•that the distress of the manufacturing classes was well worthy the consideration of the House. Seeing distress pervade the woollen. silk, and iron branches—seeing the rate of wages fall— seeing the manufacturer apply his capital without profit. while the wages of the operative were lowered until they left him incapable of supporting his family —seeing the agricultural interest almost similarly distressed, that corn itself had fallen fifteen per cent. within the last six weeks—and seeing allthis take 'place at the juncture when the Bill of the Right Hon. Gentleman opposite (Mr. Secretary Peel)—he meant the 801 l of 1819 respecting the currency—bad come into full operation—he could not view them without sup. posing that those circumstances were in some degree connected. He must, therefore, continue to call the si tuation of the country as highly aotificial, particularly when he recollected that we raised 50,000,0001. of taxes in the year. of which 16.000,0001• only were applicable to the service of the country. He hoped Government would (if not retrace its steps) take into consideration our present situation, notice of a motion for which object 7 . be was glad to perceive had been given by the Honour. able Member for Cornwall. Mr. HEATHCOTE said the distressed state of the wool-growers eas not confined to those of the county of Combed ind. Some idea of the depression of that article might be detilred from facts of which he had personal knowledge, namely, that whets he a few years since could obtain for his wool from 565. to 58s. he did not now .receige more than 235. Colonel 811ITHORPE hilly concurred in the statements el the Honourable Members wbo bad preceded biro. Dlr. ATTWOOD said the general distress which pervaded throughout the country was unquestiesable. T e lionourabk Gentleman concluded by some inaudible &Undone to the American Tad. Mr. V. FITZGERALD would decline following the arguments of Honourable Members, as he conceived tl e e was no time more inconvenient fur the discussion of the subject than the present. He agreed with the lion. Member for Cumberland that the concession of the petitioners prayer. in imposing higher duties on wont, would defeat the object of the petition, namely. the improvement of the British wool trade. He could not aemit that there was any want of information on tl e .uhject, si. ce the Committee of the Lords had ins:ituted :stch an ample inquiry into it last Session. As to the tax, the repeal of which was said to be so in jurior.s to the British wi,ol trade, it had not the support of high a , tiTity, inasmuch as it was imposed only in 1819, And not for the purpose of protecting the home manufacturer, but icr raising a revenue of three miilioas to meet what was then considered the Sinking Fund ; nor was the repeal t f that tax adopted as a part of a sys tem 1.1 free trade, bur for the benefit cf the British ma. nufattuter and the British wool grower. As to the alleged res..lt of the American tariff, experience would show MI e her or not its effect would benefit America. After a few words from Mr. Atverooo and Lord Mivrow, Mr. F LEWIS said. that the American Tariff could not exclude British min ,factures from America; for, if goods were manufac tured more cheaply in this country, they would, by smuggling, overcome the obstruction offered by the Tariff, and penetrate into the northern provinces of America through our ClgOltbill e in spite of she Tariff. Mr. V. FITZGERALD hastened to disclaim the pound of argument used by his RIM Honourable Friend who bad just sat down as a motive with the Goveronsent, while, at the same time be would admit the correctueu of the bets stated by his Right Hoe. Friend. The petition was then brought up and laid on the table. Mr. D. W. HARVEY presented a Petition from certain manu facturers of Ripon, complaining of such part of the Licensing system as related to the distinction between the duty on malt and that on beer ; and another petition from the Rev. Paul Saumares, of the county of Essex, complaining of the mode of paying labourers' wages out of poor rates. After a few words from Mr. PELHA%I, the Petition was laid es the table. Colonel LYGON presented a Petition from Kidderminster, praying the abolition of the monopoly of the East India trade. Colonel 3113THORPK wished to know from the Bight Hon. Secretary (Mr. Peel) whether the advertisement to which he (Col. Sibiliorpe) had alluded on a former night, and which, it was said, would re-appear in the papers on Thursday, the 14th of May, was in•,rted by the ssoction of the selt•created persons mentioned in the advertisement? Mr. Secret4tv PEEL woold be sorry to be guilty of disci ,rtes) it, refusing to answer the question put by the Wonorable Member. The qoestion which he was now asked was, whether the advertisement alluded to was inserted with the sanction of the self cleated per sons mentioned in it ? liven:vet be could only say. he really did not know. MI he could say further was, that the Att rney General was the person appointed by the Bill to enforce the law against any infsacti.'n of it. Whether the case in point was an infraction of the law or not he was not prepared to say, nor could he be ea . pvcted to gist any opiiiinu on the matter in that place. The Attn: way General was the pet son whose duty it was trtascrttain that point, and he was sure that. if the At tt,tney General for Ireland should be of opitti-n th..t it was an infraction of the law, that Honourable and Learned Gentleman would enforce the law Against the violators of it. bk. FTLER promoted a Petiden from Benjamin Wills, praying that the minimum of wages of agricultural labour should be fixed at two beasts of wheat. The Bast India °Seers' F.zelesion Bill was read a first time; to be read a second time us Friday. Oa the eider of the day for's Committee on the Justice of Peace Dill. Mr. Secretary PEEL said that, as the main objects of his Bill were the more frequent holding t f petty sra sions, and the more efficient execution of the Magisterial duties, matters interesting to every part of the country, he bad received sugge,tions for the improvement of the 811 from various twat ten. fie wished to defer the enactment of tt.e Bill s..me time longer than he had oti. ginally intended, namely. until next Session, and apply the long vacation to the task of tendering it more eotrect to its provisions. By this process it would come brf re Parlian.ent next yeat in a more perfect form. The Bill might be re committed on a i'oture day. and the ,uggested improvements embodied into it in Com mittee. Mr, HEAT lICOTE complained of the hardship of persons scqulttrd foe smash at the ()patter Sessions being obliged to pay hese) the Clerk of the Peace ea their acquittal Ills ought to be corrected. _ _ _____.__. %Ir. P. LEWIS %ebbed rise by Nat means the provisions of tbe bil nay be estebded is Ileretibs end legit corporatejuriedections. Sr R. HERON mewed is dee seopleist maim feet paid bl prisoners en their astpdttal. After a fear words from Mr. Pm. lir Mows, Sk B. Esetes nu.. Sir .1. Woorreersv. sad Lord W. Prnetese, k was resolved that the Howe should go loto Committee so the Bill so Friday ides. Salt a&TIORD• Mr. G. LAMB. seeing his Hon. Friend, the Member for Hertfordshire, io his place, begged to suggest to him, whether it would not be a loss of time to occupy the House by a discussion on the subject of East Ret. ford. He did not know in what new shape a Bill might be brought before the House, but he was sure there was not the least climate of bis Hon. Friend's perfecting any Bill on the subject this Session. Mr. N. CALVERT did not disagree with his Hon. Friend on that subject. He acknowledged he had no hopes of perfecting the Bill this Session, and if it was the general wish he had no objection to put it off. Mr. Secretary PEEL had no hesitation in saying that if the motion of the Hon. Gentleman would merely have the effect of producing discussion such as had taken place last Session, it ought not now to be brought forward. As an individual, therefore, he had to ewes' a wish that the Hon. Member would accede, and not bring forwatd his motion this Session. Mr. NICHOLSON CALVERT then agreed to with. draw his motion, and at the same time expressed his de. termination to take the earliest opportunity of bringing it forwar'd nest Session. After a few words from Mr. Tamorsou sad Dr. Putuatoss, the Medea was withdrawn. FUNDED RICHISQUZIL SILLS. On the motion of the CH.11=11.1.011 of the Erma- WU, the Order of the Day was read for receiving the Report of the Committee cf Ways and Means. Lord ALTHORPE said be had listened with the greatest attention to the speech of the Chancellor of the Exchequer on Friday night last, and it appeared to him that the plan which the Government had adopted, of funding Exchequer bills , was nothing more than going back to the practice of borrowing money for the pur pose of buying in stock. He knew there was a great difference of opinion whether it was more pr:ferable to apply the surplus to the funded or the unfunded debt; but all were agreed that it was an longer necessary to , borrow money for the purpose of buying stock. What was the state of the case ? It appeased there was a surplus! of three millions in the hands of the Government, and they were about first to borrow money and then apply the' three millions to the purchase of stock, as if they were' re .11y borrowing money for that specific purpose. If his Majesty's Government had determined to apply the sur plus to Exchequer Bills, it was easy to give notice to that effect, and the country would not have incurred the loss which it was now quite clear it must incur. He saw no necessity for the course which was adopted, and he regretted his Majesty's Government should make so disadvantageous a bargain. He thought the better way would be to have a competition by way of loan. He objected to the principle of funding Exchequer Bills; at the same time he was not prepared to go so far as an Honourable Member had done, and call this a pro& gate expenditure of the public money. He saw there would be so great an inconvenience in offering opposi tion at present, that though he could not support the bur gin which the Ministers had made, be would not divide the House on the subject. The CHANCELLOR of the EXCHEQUER said, that the Noble Lord had objected to the funding of Ex chequer Bills, because he considered it was reverting to the system of borrowing money in order to purchase stock; but it was, in fact, an arrangement similar to what an individual might make, who, having a number ei bills out, and also mortgages to a certain extent on his property, might think it expedient to increase mote mortgages for the purpose of lifting some of the bills. By this means the debt would not be payable on demand at the option of the tredior, but at the option of the Government. The Noble Lord seemed to think it would be more expedient to apply the residue which was accruing, and which was likely to amount to three mil. lions, to the purchase of Stock at once; but if it was an object to relieve the country from any part of the Un funded Debt, it certainly should be done as early as possible. The debt was at present much under its no minal amount ; but if they were to anticipate that it should rise to the nominal amount, paying off three millions of it now would evidently save a large sum to the Government. He thought it was more advantageous so apply it to the funded than the unfunded debt, but he thought both ends might be eventually answered by first funding the Eachequer Bills. By this arrangement they would receive 1021. 76.4 d. per cent. in exchange for Exchequer Bills. Not only his own experience, but the xperience of his predecessors in office, taught him that the plan which had been *dotted was, under present circumstances, the most expedient. Sir J. WROTTESLEY said that if the Government thought the course adopted was good policy it was cer tainly legal. It appeare'i to him that as long as these was a funded debt tf.e object should be, by securing a small interest. to hold the funded debt at high pre mium. The Right Honourable Gentleman had stated that the Bank o England held eight millions of Excite. quer Bills, but he (Sir J. Wrotte.le)) could not admit that the Bank ssood on the same footing with the pub. lie. He thought the best plan to adopt by it would be at the end of the quarter, when the amount of the sur plus should be ascertained, to give him notice of what could bar paid, and to have a proportionate quantity of Exchequer Bills ca , cel!ed. It they had a Loge sinking fund, as in the time of Mr. Pitt, he agreed that all this machinery would be unnecessary. He hoped the inten tion was to economise as much as possible; in t. e pub lic ousts in particular. It some better cour.e was not proposed it we old appear that the system was kept up for the accommodats n of the clerks, and not they kept for the good of the public. Ms. MABERLY had heasci nothing to induce him to alter the opinion he had before expressed. He re greyed having made use of any harsh expression, but he could not retract any pot of what he had said. The question was, fist, whether it was expedient to reduce the unfunded debt ? and next, whether it had been done in the best mantles ? He himself thought the unfunded debt ought to be reduced, but he did not think it had b en done in the best way. He contended that there had been a most tremendous loss in not applying the three millions to the Three and a Half per Cents. By ,uch a c urse as that now pursued there had been a loss of upwards of 600,0001. since the Right Honourable Member had been made Chancellor of tie Exchequer. The loss on annuities was 7,3464 which, multiplied by 25 years' purchase, amounted to 183,6001. It had been said, that if they had dune what he recommended, the Three and a Half per Cents. would rise. He had no doubt they would, but there would be then a consider able edentate' in reducing the interest. Then follows the surplus of 3,40140004 on this there was a loss of 435,0001. It appeased that ten shillings annuity were bought by the Government for 141. 9s. I Id. and sold the same day for IV. 101. thus leaving a balance of, 11. 16s. BJ. against the public on ten shilling annuities. At this s ate the loss on three millions would be 435.0001. which he repeated was a most enormous waste of the public funds. He regretted that his Honorable Fs fend the Member for Montrose was not in Its House, as he knew he would have some strong documerts in support of his opinions. He must again protest ' against the system of buying and selling. The loss *lnch the country sustained by the Governmeot pur suing this system had .already amounted to 27,000.0001 He knew that the Right Honourable Gentleman (she Chancellor of the Exchequer) wend.' endeavour to shot* that he (Mr. Maberly) was in ',tor ; but all he c.luld say was, that it the Right Honourable Gentleman sue ceeded in proving the ern r he would get up in his place -and give him credit for exposing any fallacy. It was quite true that the Right Hon. Gent. could not have' , paid r if the Bank of Englatid without reducing the cir culating medium ; but what bas he done now ? He had merely exchanged securities, and laid cut Bank notes in a more unprofitable si ecies of secutity. It was quite unfounded to say that the holder of Etch. quer Bills expected his premium. No such condition was implied or understood upon the purchase of the Bill, or by the original holders. It was his (%Ir.Maberly's) firm con viction that the mismanagement of the Government in those transactions bad cost the public no less a sum than 600 0001. and with such mismanagement it was impossible to expect that taxes could be reduced. It was should come, or even rumours of w4r, the unfunded debt would be found as a mill stone round the neck of she country. As the Right Hon. Gent. (the Chancellor of the Exchequer) had pl. dged himself to the proposed scheme, he (Mr. Maberls) certainly would not ask the House to reject ; but that was the only consider edam on which he retrained from pressing the question to a division, as the bargain made by the Right H•in.Gent. was the must improvident he had ever heard of. Mr. HERRIES said. thst considering the obsesva Idons which the lion. Member who had just sat down had made as to the idconveniences arising out of an unfunded debt, he should have conceived that that Hon. Member would have been the last min to deal so severely with any operation tending to diminish the amount of that species of debt. The lion. Member himself had given very elgent, and to his mind suffi cient, reasons for the step which his Right Hon. Friend (the Chancellor of the Exchequer) had taken, and ac cording to the Hon. Member for Abingdon's arguments, the only reproach to which the Chancellor of the Exche quer was liable was, that he had fallen short of what would have been advisable, and had not carried the principle of reducing the unfunded debt far enough.— With respect to the operation of the sinking fund in re ducing the unfunded debt, it was quite obvious that the Sinking Fund would not have dour as much in a whole year towards the reduction as this measure had effec.ed at one blow. No man who considered the relative ad vantages of a funded and unfunded debt could be at all doubtful as to the expediency of a measure for reducing the litter. An unfunded debt. to a certain amount, might certainly exist with perfect safety ; but when it exceeded that amount not only the excess but the whose debt became dangerous. The policy of keeping the unfunded debt within a limited amount, thereto'', had been universally acknowledged, and his Right II n. Friend bad only acted upon that principle. It was quite a mistake, however, to suppose that the operation had been effected by money. It was not effected by money, but by negotiation with those holding one species of Security. in order to induce them 10 exciidage it for another. The party who exchanged Exchequer Bills for a claim to the same amount in the toads gave up the right of being paid at his own option, and was liable to remain without being paid until the Government thought proper to pay him. Under pre. sent circumstances, in his opinion, it would have been very dangerous to pay off any considerable potion of the unfunded debt in money . ; for by so doing there would be a likelihood of contracting the circulating medium. Much bad been said by the Hon. Member for Abingdon as to the improvidence of the bargain which had been made and the management of the Go vernment; bet all the arguments on this subject had been applied to particular points, without reference to the general question. The views in which the Houlletn ber had come to the conclusion that the Government had made a bad bargain were very narrow and impertect. l In all those views the reduction of the national debt was *vet looked, and though it was more immediately profita ble to purchase in the higher stocks than in the lower, but the Government always purchased in the loner stocks, as being mote advantageous ultimately to the public. The advantage of the policy of the plan adopted was opposed to die arithmetical advantage. With respect to the premium there was also some mis take. There was nothing given by the Government to the holder of Exchequer bills but the bonus of U. 10s. It was not because the holder received mote than his lOU in the market that the Government paid more. The Government had a right to pay off the claim when ever it was thought pr•tper with lOW. After all that had been said the public were still plats by this operation of funding the three millions. The Govern ment received a premium of 96 0001. on the purchase of the bills; and now, upon converting them into four per cents. the coneettion was effected at a loss of 45.000 i These was no operation less likely to create a sensation than that which had taken place; and he was prepared to contend that, in making this bargain. the Govern. went had shown a proper regard for the public interest. Mr. P. THOMSON said, that every argument urged by his Hon. Friend (Hr. Moberly) had been confirmed. by the Right Honoutable Gentleman who had just sat down. The Honourable Member then reflected upon the improvident nature of the bargain made by the Right Honourable the Chancellor sif the Exchequer, and said that the sensible way would have been to have applied the surplus Revenue to the discharge of the un kind. d debt. ft Ministers, however, were resolved to have a bargain, t'ley might have done it without mak. ing so very bad a one. It was only wanted to fund three millions, and 18,800,00 W. were subscribed, which clearly incised that, had the market been thrown open to public competition, much better terms might have been obtained—(Hear.) The Right Honourable the Chancellor of the Exchequer himself had said, when he (Mr. Thomson) had the honour of seeing Lim relative to the subject of the Auction Duties Bill, that when a thing was put up to public bidding a higher price was always obtained. Having entered his protest both against the principle on which the three millions were landed, and the manner in which it had been done, be should offer no further opposition, as, however mis taken the Government may have been in their present financial measure, he believed them to have done what they considered best for the interests of the country. Mr. WARD said, that, although the Right Honour. able Gentleman h ' acceded to the wish of the Finance Committee to reduce the unfunded debt, be could not conceive either the necessity or expediency of that re duction. He was not aware of any excess having b een f o und, at any time, in that species of security. Du r ing the war the number of Exchequer bills was double what it was at present, and yet no inconve nience was felt. The only exception to what he said was during the panic, which, as it affected every thing. could hardly be quoted as an exception. There was, however, this consolation in the present measure, that, 'batten disadvantage thin might result from the funding of three millions of Exchequer bills, Gut of 28 millions. it would be little compared with the advantage ne should de ive born the temaining yes millions. It had been said that we might have mad e A better bat gain had the Sock been left open to Vim • pets• ion; but, although 18,800,0001. had been sub, scribed, let many inch. idua Is had subscribed three,t ol ,., and e.en five times mole than they wanted, merely with a view to get a larger proportion of the whole. Indeed he was sure, taking out of the calculation the Exche uer bills in the hands of the Bank. of trustees, and others, who would not part with them, that there was n. t so many disposable as 18,000.0001.—(He ee , h..ar).—The Honourable Member for Abingdon bed spoken of the tidbits cost the country sustained by buying up the three per cents. instead of the three and' halt, but he should remember that the fundholdet, when he lent his money, relied upon that being due, and upon the sinking fund, that continually upholding ihe valu e of his stock. It would not be either honourable or po. litic to disappoint him. The fonds of France and P. us s i i wet e at par. and the United States • ould soon discharge their debt a.together. We ou tt ltt not to make the food. hooter reo tot iult having lent hi. money to foreigne it In 1819 a Resolution mssed that House to devote 6 4 minims annually to the poi poses of a Sinking Fund, but ut.fort mutely since that time noChancellor had beets able to bring the matter to bear. The fundholder, hose, e ,, was not told of that. but was pet mitt• d to go on but mg• and selling. The present Chancellor had told them lac y that he had not the means to devote mote that three nsillatn to the purpo.e of a sinking fond, and yet he v.,,r told to disregard all that had pt•s• d, and to attend to :he principle on Willa Eutieq..er kills had Jul heiti been funded, but t. pay 'hem off at pai. tie !loved the Chancellor would p. rsevere in his course, and %stolid not lend !Amami to plans called improvenients,but which would io fact be any thing but such. Mr. HUSKISSON said. he per feel Is agreed with the Hon. Gelid. man tbat the rescuers of the country ev e equal to every burthen that might he i ecessary to im. pose on them. It it weietrue that Exchequer bills,ubi c h We an interest of but thiee per cent. a ere at a premieres of seventy shillings. it was plain that the holders must calculate, not on their treine paid f ff at par, but on chile being purchased in something like V e mantle' that bad now been done. Tnese was. however, a huge amount of Eachequer Bills in the hands of tie Bank which had n issued at par, and I.e thought Government vooild have acted more wisely by applying the sulpha revenue to the diminuticn of the amount of thou Bills. When the Government next funded Exche. quer Bills be would advise, that instead of fixing the terms themselves. they would require tenders Goth the public. He had heard that there wls mi re than one tender made to the full amount of the three millions wanted. We Mere losing between 60,0001 and 700001. a year. by not having purchased Three and a Halt pet Cents. instead of Thsee per Cents. with the Sinking Fund. He would advise the employment of the future surplus revenue in the seduction of the Exchequer Bills in the hands of the Bank of England; and when they •ere sufficiently reduced, in the purchase of Three and a Half per Cent. Stock. as the most advantageous sp. plication for the public. Mr. BARING said, that while be agreed in the ge. neral principles laid down by his Right Hun. Pitied who had just sit down. yet he thought there sete cir. cumstances that justified the operation made by the Chancellor of the Exchequer. It was impossible to pay off the three millions of Exchequer Bills issued by Mr. Caliumg at a premien'. to the same persons by whom they had been purchased. and that being the caw, and it being the interest of the country to keep the Exchequer Bills in the highest estimation as a sue. sky, he did not see how the Bills in the hands of the public could be paid off but by an operation si milar to that of the Chancellor of the Exchequer. It was true three millions of Exchequer Bills might hive been paid to the Bank, but as this was the year the small notes were called in s the public might have taken an alarm on the supposition that the Bank required the payment; and he thought the Right Honourable Gen tleman acted wisely in avoiding the responsibility. He was much afraid of having a surplus of unfunded debt, anal lamented we were not in a mote independent situation respecting the reduction of debt. Nothily could exceed the folly and extravagance that had takes place by attempting to keep up a sinking fund by bor• rowing with one hand to pay with the other; but if ever the finances of the country fell into a state of difficulty, it would be from the abandonment of the just principle of a Sinking Fund. .Mr. J. MARTIN sold be was confident the Canceller et the Exchequer could have funded Exchequer Bits at par la the Four per Cans. instead ed paying 4101 ins per cent. Mr. WAR BURTON said, k had been shows mew clearly lbw a Inn at £400,000 was interred by the Chancellor of the Es. chequer's 6nandal operations. The Report was then brought up and agreed to, and a WI ordered to be brought in en the said emulations. The Report on the Sinking Fund Acts was brought spied agreed to. The Metropolitan Police Bill was read a second time, and ors 4usd to be committed oa Friday. 'lb. Clerk et be Pleas Intend Mil was read a third time mi posed. The Irish Fisheries BM was read a second time, and 'Aired* . fie amoodwed to-marrow. - - The Report Odle Annuities Bill was brought up, arid the Bi was ordered to be read a t►ird time to morrow Uthe. eogroessa. The Greeowich Pandas BiU went thnoigh a Committee. The remaining orders ►aving been disposed at, Home& loomed at a Qualms to Two o'Caoom _ THE EVENING STAR. LON DUN. • TUESDAY, MAY IR, 1829. PRICK OF $ routs AT PJUL O'CLOCIL Bank Stook SOS. India Ronde St 0 3 per Cent.lietiS7. Old Amities St Spot Ct. Coot. 117. a New Ditto 117. 1 si per Cent. NIL U. . soon Rubel. Ifillalls II 3. per Cent. Red. 951 II MOO Morita 4 4 per tt. New. 103. 3 AM and MOS Ditto IS 7 I per Cent. INS, 103. 1 Commercial long Aim.lll 5-11 I India fee Amu 5111 10411 a Stock 1113 SI Console fee Lest illit I FOlt IC 11i N FUNDS. TWO t11;1.0t*IL Brazilian Ms. 5 p Ct. Mk Bd. 5 p Mei l D,lllBll It& 3 pet. 1S; lir:10.10 111 Greek 8d4.11145, 5 pCt. 14. Fr. Rastas, 3 p Ct. 70. Ringo 11d5.1822. Sp Cs. 116 Do. Asst. BRITISH AND FORNION SHARKS. TWO O'CLOCIL wafts. Milk SS 10 SS SS 5 4 4 SO 8 4 4 Draitwkb Patent Salt U SS 11 General &cant Navigation 100 13 6 IMIMIMME The ignorance which some of one CoteMpoleargialli persons in conversation, exhibit with respect ts Dead Weight Annuities, is something quite ex t A nary. It must be admitted that the original .. was somewhat complex, but that which 1101, mains of it is simple enough—namely, that the has to pay to the Bank of England as annaq • . 4 £585,000 for nearly forty years to corm, in teanni. firasUlan Ditto Nations) Hibernian a Um hi MI de tit F at at de as al ea of to et a C 6 r r G