Star. — London, England, 1826-02-21 00:00:00

llear)--He would not believe it possible that one and , 4 11 were not iolicitous to do good, and tti!clo it perma nently, if possible, in an. affair of such magnitude.— Tainting, as heltonettly ditib it would be of great pre sent advantage to grant an ettension to the date of the issues of Bank of England notes to the day he should T ome in his amendment, namely, the 10th of Oc tober neat ; he Intended to add a notice of an amend ment that thswe ,hould be given, for the take of pub licity, as ih the case of the Act of the. year 1819, specificatinn by the Bank of England, in the Gaulle, or the amount of small notes which the Bank had impel,- which should with all cnnienient speed be laid be fore Parliament—( Hear). With this additional proof of kis mincers wish to let tits world and the .Howe be acquainted with the extent of the issues of the Bank, he felt sat/weed he should. as well as the rest of his. Majesty's Ministers, and the Bask itself. be relie►ed from the imputation that any of them could be parties to a dirty, paltry, contemptible scheme to defeat that mealure which one and all felt so advantageous and essential to the public interest—(Lond cheerios). Mr. ABERCROMBY said he should oppose this tlai.se in every stage, and if be failed in that opposition, he should feel himself pledged to support the Bill, in conformity with the vote he gave in support of the Re solution of last Monday night. He contended that the effect of the measure would be to make paper currency thrive and flourish. The House, if it adopted theamend 'steno would record the principle of depreciation. On all former occasions the greatest difficulties had been made when the period approached for the consumma tion of any alteration like that now contemplated. I did not augur well, therefore, if they now began to falter, and to adopt in any degree the elements of de preciation. The onlypossible hope that such malty% lion would take place was to be found in thefact—that the Bill for continuing that circulation would expire on the 10th of October—a period when Parliament was not likely to be sittisig; or, when, it would be too monstrous for any Minister to undertake their fur ther continuance. This was, at first sight, some thing like a plausible argument; but a great many things might occur in the meantime to give a colour to a further continu..nce of that Bill ; and who would venture to say, that there would not be found, in cer tain quarters, a power and an inclination to prevent the law from being, carried into effect? Besides, would not the Bank itself have the power of doing something which would have chat effect? It was said that the mea sure formerly proposed would have the effect of setting the question at rest; but now the only security held out to the House or the country was, the speech made by the Right Hon. Gentleman last week. Since that speech was made, however, the measures proposed were totally dif ferent, and yet with an arrangement so different the arguments used in its favour were almost, if not pre cisely, the same. Surely this was a mode of proceeding which, to say the least of it, required some explanation. Mr. J. SMITH had taken considerable pains to con sider this question in all its bearings, and the result was, that he must differ from his Hon. Friend who had just sat down ; and he did so because he could not persuade himself that the measure now proposed was unfavour able to the suppression of the one pound Bank notes.— Since the debate upon the measure, events had arisen to justify the vote which he was about to give; but in giving that vote he did not do so upon the same grounds as the Right Hon. Gentleman, who said, that it was a measure for the support of the country bankers. He voted for the measure because he thought it cal culated to support arid uphold a body upon whose solidity d, pended, in a considerable measure, the ge neral prosperity of the country. He meant the Bank of England itself—(Hear)—which had, by a spirited and prompt resistance, during the late panic, saved, the country from most calamitous consequences. He did not apprehend that the power would be abused by the Bank Directors; than whom a more re:peeable body of men did not exist in the commercial world.— If a proof of his assertion were wanting, it would be found in the conduct of the Bank Directors, in the year 1316, when they announced a bonus of 251. per cent. Bank Stock. That bonus was at that time worth 651. and the knowledge of the secret on the day before the bonus, was &Oared would be a fortune to any man, but he believed that, upon reference to the Bank books, it would be found that upon that occasion there were few men of any consequence in the commercial world who were not the holders of a greater amount of Bail /Stock than the Directors of the Bank of England. Ile accounted (or this fact by his firm belief that those Gentlemen hardly ever held more Bank Stock than was necessary for the qualification. He should vote for this aware. unless some lion. Gentleman would point out to him aaalissesal remedy in the event .of another panic.—(Hear, hear.) Mr. PEARSE said, there need be no apprehension of any attempt on the part of the Bank Directors-to get out an issue of one pound notes to any extent, be cause that species of circulation gave the Bank more trouble than any other. He had heard complaints on both sides of the House respecting the conduct of the Bank of England. One party said that the Bank had given unlimited discounts, and another party charged the Bank with having restricted their discounts—and to each of those causes had the late panic been ascribed ; but he could assure the House, that the Bank had done neither one nor the other. The fact was, that ap. plication had been made to the Bank by several mer chants, to make as Issue of small notes • and such application would not have been made if there h a d been an excess of that circulation in the country. Mr. Secretary CA rise, Mr. Speaker, thus early in the debate, because 1 believe it is only necessary for the House clearly to understand the measure in discussion, and to see that measure in the light in whiCh it is meant to be brought forward, to come without difficulty to a fair, just, and conscientious Conclusion. I agreed in the truth of the first observations of the-Honourable Member who last spoke ; but not in the latter points, as to the manner or principle upon which the Bank was accustomed to regulate its issues, but this is a matter of no consequence; because the question is not, whether of right the Bank ought to have the power of unlimited issues, not whether the Bank ought to be restrained from a particular species of issues, but whether that degree of latitude proposed by this amendment, and not given by the original Bill, be of soch a kin] and of such extent as to defeat the operation of the measure itself. The Hon. and Learned Gentleman (Mr. Abercromby) has opened his opposition to this amendment, •by stating, that he saw no reason why the proposition, which on Monday last was thought to be an insensible proposition, should, on the present Monday, become a proposition which his Majesty's Government think proper to support. To that ques tion there are two answers. The first answer is, that this proposition is by no means tlle same that was ne gatived on that occasion. In the terms there is cer tainly some resemblance, for in that measure there were the words 4' Bsnk," and " Issue." In the present pro position there are also the words, so Bank" and " Issue," but in nothing else are they alike. This, Sir, will clearly appear, when we come to consider the prey- sal made on Friday nigh!, and renewed on the following' Monday'. Let us now •:iee What that -pc omssal. was. Tire original' resolution -is - ire -these werrioa *tabs( all promissory notes, isolable to - heaver% an . dii- I rtianc. issued by knitted brisker, in &gb* vir by An 'Dank of England, Ibil'atty 'wen less ihta SL bearing a date previous t 6 thelth of February.. .180603 r I which ma i l have been stamped previously to that 44y, shall, and may continue to be issued, re-issued, and ' circulated until the sth day of April, 182% and no .longer ;' and the proposed Ameadment was, that the words, i. or by the Bank of England," be omitted. That, Sir, was the Amendment, and I ase„ would the effect of it be the' ame as the effect of the present pro position ? The effect of the proptisition of my Right Hon. Friepd v. ill be to give to the Bank of England a period of eightmonths,during which time they might prepare their issues; but the effect of the Amendment which I have mentioned, would be to leave the Bank of England un limited in point of issue for the time named in the Bill introduced by my Right Hon. Friend. Surely no two pro positions can be more distinct. The elements are the same ' but nothing can be more different; the amendment of Monday last made the Bank of Englaod exempt from all restriction, while the proposition of my Right Hon. Friend merely gives to the Bank of England the power of adding to its issues up to the 10th of October next. For the latter proposition I shall certainly vote; and in doing so, I must clnless that I cannot agree with the Honourable and Learned Gentleman, that my vote on the present occasion Will be a betrayal of the principle which was the foundation of my vote on the for mer occasion. I confess that I can see no inconsistency between the two votes. The- second answer is this-- During the whole of the debate on Friday, the 17th, it was argued, that it would be-a grwat abuse on the part of the Country Banks, as well as a _great aban donment of their own interests, to withdraw their small notes suddenly from circulation. When that argument was used, I, in particular, dwelt upon that point, .and endeavoured to show the country bankers that their interest, as well as the public convenience, lay in their spreading the withdrawal of these notes over a large space of time. But what has since hap pened ? Why, that accounts reached his Majesty's Ministers that the bankers in many parts of the country had taken that course which he had believed, in good faith, as • well as in good policy, they would not adopt ; and were acting upon the principle of suddenly and most materially contracting their issues. Then it becomes the imperative duty of Government to consider what would be the effect of this sudden and complete withdrawal of all the one and two-pound notes in circulation through the country. On Wednesday last, Thursday,and Friday, accounts had been constantly and they still continue, coming in ; and what is felt al. ready, in consequence of these measures, chews suffi ciently what the case would be if the same course is persisted in and permitted to go on. Then it is quite clear there is no remedy for this,unless gold could at once be found (which nobody pretends could be done) in suf ficient quantity to fill up the vacuum—no remedy but that which is proposed by the present measure, to wit, to allow the Bank of England to issue 11. and 21. notes. It was in a minor degree the case of the same panic which had taken place in December, and to which the Bank 11. notes had been applied, and had at once effected a cure. I believe that practical statesmen will all agree, that in pursuing measures of public good. it is a duty to be as tender as possible of private interests and feel ing; and the whole question which arises is, whether the relaxation here granted - to private feeling is so great es to place In danger the success of the public measure. I contend that it is isms That the danger is not very imminent may be infetredi froth from the practice of the Bank in past years, and WM' the conduct of Govern ment. Ido not suppbse or Maintain that the Bark of England or any other establishment will act for the public interest, to the exclusion of its own. Ido not look for this from the Bank ; it is no part of their charter, and the pUblic has no right to expect it from them; their real tie to the public is this (and it is always "the safest and surest tie), that the interest of the public as they are constituted, becomes collateral with their own. Now, when we looked to the conduct of the Bank immediately after the passing of the Bill in 1819, 'we find that, long before they were compelled to with draw their small notes from circulation, those notes began slowly to be withdrawn, and at length totally disappeared. How was this? I am compelled to believe one of two things, and either is sufficient for the present purpose—either that there was nothing in 'the circulation of the one and two pound notes very profitable to the Bank, or that, from an opinion that they were injurious to the public welfare, and not very greatly advantageous to itielf, the Bank chose to with draw them ; because it was an error to talk of the 1 Bank issues, and of the Bank issues of 11. and 21. notes as the same. I can see very clearly, that the Bank of England might derive great be.refits from large issues, and at the same time derive no advantage from an issue of 11. notes. In my opinion, it cannot be for the interests of a great company, like the Bank of England, to issue to any extent a circulation of small notes, payable in gold on demand. It cannot be for their interests to do so; and the best proof of that is furnished by the fact, that the Bank withdrew such notes from circulation before the period limited by law. (Hear.) Indeed, so com pletely was that species of circulation withdrawn, that I freely confess, when in the month of December last the question was proposed—what was to be done to fill up the vacuum ? I was so ignorant as to think that Bank of England one pound notes were extinguished by law, and Hound many wise men who had fallen into, the same error; but I soon learned that the Bank had at that time an unlimited power to isssue one. pound bank notes, and that they abstained front exercising that power for the three years preceding. Then, before Hon. Members express these violent fears, they ought to look back a little to precedent and prac- Lice. I d I not say that the Bank of England had with drawn their one and two pound notes purely because that House thought such a course would be beneficial to the country ; but this I will say, and upon the facts challenge contradiction, that it appears; plainly that those notes are not a circulation to which the Bank is favourable. But is there no other indication of the sin cerity of the Bank of England upon this subject ? Is it not perftctly notorioto, that that establishment has made the greatest possible efforts to diffuse a gold cir culation throughout the country—tiue it is, that that gold returned to the Bank, as the dove returned to the Ark, not being able to find a resting place elsewhere ; but the effort was sufficient to know, that the Batik is earnest in its endeavours to diffuse over the country ii metallic circulation. it is perfectly true, that sir issue of gold equal to the paper to be withdrawn frbet c,ir ; but having ilitiessed culation, would be necessary ` , he efforts made by the Bank upon former occasions, to circulate a metallic currency throughout the country, k t emasiln l ite Art' tfkat,4ly: Wimp toant with perfect 'utieswatpti their.siaeopx4:ot AS qc:attoo . .. 'There are thus thiee_ circumstances, wbicli are sis;iiti,c„ h ioi t sbYri Vetrinve any of) the subjecyffrot, the gradual itinction of ttosir swiall'uoteseontpleted, long before the period required by law ; then their abstuitaiog.from i renewed issue, _when the low was altered ; and fi nally, their repeated efforts to diffuse a gold currency tbroug- out the country. In December. wheo the exigencies of the country compelled the Bank to think of resuming the issue of small notes , they were unwilling to adopt that course without the expreis sanction of Ministers. There was no earerness on their part, neither was there any want of caution on the part - of Minis ters. I hold in my hand a paper, which contains, if not the very words, at least the sulsnance of the an swer which Ministers had - given to their.application, and was to this effect: " If, for the purpose of meeting the temporary exigencies created in the country, by the withdrawing of country bank notes from circulation, the Bank is desirous of availing itself of the , power vested in it by law of raising one and two pound notes, his Majesty's Government have no objection, provided that such issues be strictly temsorary, and provided also that the BA k will be ready to take advantge of the Exchanges, when in our favour, in order to increase the quai.tity of gold necessary for the resumption of a me. tallic circulation at the stipulated period (Hear). — Those were the opinions of his Majesty's Government when they had not the slightest possible idea of the Questiod being entertained in that House—(Hear). — It is in the same principles, and with the same views which they then expressed, that Government now propose this measure. It a similar exigency should arise it would, without this clause, be put out of their power by law to adopt a similar remedy. The Hon. and Leaf ned Gentlernan will see that by this clause, instead of defeating the principle •of the measure, it really takes out of the way one of the chances of its defeat. Because if in two or three weeks, whilst that . Bill was still in progress through Parliament, a crisis should arise in any degree approaching to that whicb had passed, could anything be supposed more likely to prove fatal to the measure? If in such a crisis the Bank should be found with only 5001. in small notes ready, an accident which without this permissive clause might e 'say occur, how would Ministers be taunted for their improvidence and want of foresight lb-- Let it be some consolation to the Honourable and- Learned Gentleman to compare the state of the law, as it will be left with this clause added to the Bill, with the state in which the law would have stood, it in consequence of any such crisis as be had supposed, the Bill had been altogether lost. For my own part, I would infinitely rather that restrictions should not be necessary ; and, without blaming the country bankers, who might cettaialy have pursued a different and less injurious course, I would infinitely rather that they had not shewn that it. might be perilous to remain without any such provision. After the Amendment had been inserted, let it be the consolation of the Honourable and Learned Gentleman to compare the state of the law, with a view to the ac complishment of his object, with _the state of 'the law as it stood before this Bill was introduced. Before it wai brought in, the Bank of England and the country banks were without restraint or limitation foc the next seen years.; and can any man imagine, if the measure is unfommately thrown out after these debates, that these diseussions operating tips an area of seven years. will not interpose ten thou sand: dines pronem Ilipediesiets to the runes resumption of cash payments, illon l l666Mrsiestiess of the proposed antendment—(klnar, bear!) The ateeatienelehrs ib cirrAtallan of amine', Dotes after the year, Inn, or at the end of three years, instead of at the end of WWI years: thin, tbi literalize of that speclei tsf &total= is eeneteally prevented. The operation Is/ the Bill is gradual, and it is ft el up the interval of recount between the ping out of the small country bank nom, and the tends; in of the gold, that tb6 present amendment is introduced. I would not recommend it to the House dkl I not, in my conscience, believe that instead of impeding it will facilitate it by removing an obstruction ruinous to it, and that too at the most critical period, vie. the moment at which it was to be carried into operation-01w, bear !) Mr. TIERNEY said, if he could be satirfied that what the Right Hon. Gentleman anticipated would be the effect of the amendment, he (Mr. Tierney) would give it his sincere and hearty support; but because it, was his perfect conviction that in 1829 the country would be in the same difficithies as at the present rtsepi meat, that he gave it his decided opposition. He begged ' the Right Hon. Gentleman to consider, that if there were no alteration of the principle of the Bill, how it happened that those Members who opposed it without the amendment, now avowed their intention of sup pnrting it? How did it happen that the Hon. Member for Newton (Mr. H. Gurney), who formerly resisted the Bill as highly dangerous' in principle, now dis covered that his objections were entirely removed by thus giving the Bank of England an unrestricted power to issue one pound notes—(Near, hear.) There was no doubt that paper currency was beginning to be at a premium—that things were looking up in the paper world, in consequence of this amendment—the introduction of a few simple words, which altered so materially the relative situation of the Bank of England and country bankers, had produced a most marvellous effect on some Honourable Gentlemen, who, a few nights since, pronounced the measure ruinous; and now viewed it as little short of salvation. The Right H mourable Gentleman had stated, in more moderate terms than he (Mr. T,) should have used, what, he feared, was too true, that there was a determination on the part of country bankers to throw impediments in the way of a return to gold circulation. They acted in concert, and, like good soldiers, had taken a hint from their coin manders-6.46 We ought to mutiny, and we will mutiny," they exclaimed; and ,what had been the effect? The Government had been seised with a sudden fit of alarm, because no man could or had attempted to deny that danger to be exrecied from the proceedings of country banks was the only ground on which the amendment rested. His complaint, then, against the Government, without meaning to express any thing like hostility, was, that they had not had courage and firmness to face this threatened danger; if they, had possessed that degree of resolution, and had dared to front the country bankers, he would venture to say, that in one week the country bankers would 'have struck their colours, and come in. The Right Hon. Gentleman had contended that it was impossible to introduce a metallic currency to supply the vacuum occasioned by withdrawing cowl try notes. (Mr. CANNING said, across the table, that his argument war, that it could not be done instantly.) He would tabs it suit but there, was a general under standing that a metallic currency would be substituted, and tine country would return, at least gradually in this respect, to a whti'esome state, If this Amendment were adopted, be was satisfied that such a return was utterly impossible. Of the Bank of En A landle felt it difficult to speak without the appearance of attack.. He respected 'many of the Members of that body, but as a body he would not tritst.the.Book of England a single step out hitt siglseourd* info* believed that they hadleaused all the difficulties which the coot ter iiow eaPeliancel 44 But," said. their friends, “liiesfandimitely th i dy Caine forward at last ; how liberally* t"ey isAted _not less •than eight Millions in not more than 14 days." Very true—the fact was not to be dispoted; but Middle Di• rectors no interest in this issue? Whai( were the D. . rectors? All merchants; and if other' were in danger, they were not less in - danger thentsoimps. 'Heed*, the secret of their extraordinary liberskity.]..o** Moth hid they imposed spots people in general tiVoNtitts . inbjett, that an Hon. Friend of his, not.rematkable fOr his par. tialiry for the Directors, had actually stepped out of his way to move a vote of thanks to them for their disin terested liberality. Nothing could be more absurd or preposterous than for the Directors to claim credit Uptxt this score. It was like a man claiming a reward tenni the Humane Society for saving a boy from aroviding, and being met with the declaration—.l but it was yon that pushed me into the water"--(l.argider.)—The Right Hon. Gentleman had dwelt upon the expected gap in the country circulation, which it was necessary to fill with Bank paper; but what reason kid he to sup pose that country bankers in that period . would .alter their system—that they would come to their senses, and , contribute to the objects of Ministers—CMr. CANNING ob,erved. across the table, that he believed they would 3 Did the Right Honourable Gentleman really believe ' [hat the mere influx of small Bank of 'England notes would !sling them to their senses? " But supposing it did no good, after all it can do no harm," said the Right Honourable Gentleman. It was Very true,. that a gradual reduction of paper currency was wanted, and he (Mr. T.) was quite lndifferent whether it took place in twb or three years, but .be . thoeght the time might hwe been shorter. What', _was the meaning . of this Amendment, but , to *5 arm the !Link with an immense amount of stnalliatip i eik to be poured out upon. the c .untry it any tin* tpkiit' g they could reap the most advantage by it.. *fle„wia l cen. winced, that every noo isseed would lour*: -the effect of excluding the. pound sterliegvso"that It the end of the three y. are there would be thisiddi .tional disadvantage to be met, t hat Ibtf 4viiiirable circumstances now existing could esist no longer. —lf he (Mr. Tierney) could persuade himself that o.ter the lapse of three years the object wouldbettecoßiPlish ed—that this Amendment was to be the" lieoll add the • d all" of the paper •systens, be would a dopt ityin the confidence that the country would then, though take, return to a healthy metallic circulation; *Vovitple objected to the clause on principle ' he would thmt"With draw his opposition ; but a s he was conscientiously convinced that it would r:tard that object; that it would make the prospect stll mare distatitilii felt bound to resist its further progress. He asifire4 - the Right Honourable Genileinau that he would rather ' Support than oppose the measure, if he o' old. do soupon an hottest conviction ; and he gave him - and hi, ctiaaju tors credit for intending in their hearts to do.goctd ; he lamented only that they did not possesi. more courage and firmness—that they shrunk fronss.teropo rary storm, which, perhaps, might bariVifinsettilovee even in ten diys fro n the moment he- was spe r ililitg:— Be not facing the calory bankers, what 'mirro:et-dial gave them! they now knew that they had nothing in it Initipd. deniy to withdraw a certain petrel of their notes, an 1 tl4 filled Ministers with new alarms. turieztorted from them tier , Costes- Moos. He did not intend at present to gio farther book i e. s uch whish be wished 1. MU r4 t ialiVulfl, Aispasoonately ; asid.ivitihout any Weston otpariptoolloge I. loud naiad his eolwitiodoild aa *deo to talisman's*..., sf , „l ~,, ~, ty _,.,•„.. . . , , „„ • 1 , . • Mr. T. W/LSON..cooteittlied, r that the. cmantry leas at tide moment muds distressed !Emma want ei convenes, and he stated that in Yorkshire nuenfacestrinie -'who were atikable to get choose, were obliged to pay their men in an objerimulde species of piper. Something ought to be *eel to reinfi 4 V/Ibilrowtof evil, sod if country bankers wererne a dangsmiesest ottamen, it was the more accessary that the country aboaltlAave Stie.eic4rity afforded by the amendment under esooldprodomp. Nu desk a circulating medium of small motes was at plaanallraeollsarySlS the country; and if country bankers whbilematimlegtlortimilia ohm the due prescribed. so much the:bereft ~ ••• :1..", Mr. GKENFELL, in allusion to what had , (Alm from a Right Him. Gen,leman (Mr. Tieettey),' wished to explain that when he prOposed a voted mulatto the Bank at a meeting of the proprietors, hit.4l ito.in a limited =neer. The vets did net include ail the alits,et the Bank. They were, however, entitled to mime gratitude her chafe Conduct during the panic, and on that opinion be acted. .•• , ' Mr. Secretary PEEL said, that as the 'subject had been so completely exhausted by his Right Hon. Friend (Mr. Canning), he would not trouble the House with many ob,ervaLions. Tree points on: 'lr r hich the Right Hon. Gentleman opposite (Mr. Tierney) had stated his opposition to the amendment, andrshe tem perate tone by which that opposition was chafActeri-ed, left him (Mr. Peel) perfectly satisfied of his (Mt. Tier ney's) adherence to the principles upotr: which vie measure was founded. Amongst the Hon..eseatlemen opposite, one was opposed to the principle eft'the 'ail!, and ano ther resisted it on the groupd,of 64,4e t .t,,:tf0t he felt satisfied that the House would rjectAodts(trines of both. Nothing could be more latleeious;than the reasoning founded by the Right Hotiorables-Gt•ntle man (Mr. Tierney) upon an ' alleged - thotk4y; , iis he was pleased to call itwamougst th e coostri v ,l4ocers. The country bankers were bound by no obligations to the Government, and were free m ace at they.lheught proper. Again, it was an equally gross misapplication of principles to say that government *as inconsistent, and departed from its original professices io lending itself to the present amendment. Sorely, , on rest and important occasions the Administration or thetotitiy. should not hold itself in sui.la a degree orre t ra t iainilit never to permit its views to be modified by the akietatie4 of cir cumstances. To affirm that this unvarying adherence to opinions once expressed should in alrrldisetr.ptevail, amounted to nothing short of requiringbietC(§7nnitate the conduct of a master of a vessel, :whe wouldmads 'lake to steer his bark amidst the irregular and. perilous rocks without once changing the ditection df tit rud der. It was not in bum-n nature to devise, any measure so perfect as to be afterwards altogether incapable of improvement, and it was no valid charge against his Majesty's Minis ter that it sbould,after consideration s happen to be in their power to improve upon their own work. As to the asticipationa so largely indulged l, that when the time specified was expired new difficulties would arise, he certainly did not see the grenade on which those anticipations were founded ; nor would he have consented to the measure had It not been in the full understanding that the Bank would act upon the arrangement in the true spirit in which it was entered into by Parliament. For those reasons, and In the full ea ' pectrien that done of the anticipated evils would orioev b0.,p00 his cordial support to the measure. ' Mr. ELLICE was sorry to see the advantages which they had reason to expect now in danger • of being thrown away. He could not perceive - flow the Go vernment expected to be able to regulate the conduit of the Bark. It did not appear that any Commissioner s whatever were to be appointed: If Government per . 'islet! in its intentifin to urge, and-Parliament consented Ato pass the Bill; with the ampdsoltot proposed by the • .: - -• • ?,/ 61 111 t. . + :,i ME 11111