Star. — London, England, 1810-02-02 00:00:00

PARLIAMENTAR r PROCEEDINGS. HOUSE OF LORDS, FEBRUARY 1. The Commissioners of the Customs presented several Annual Accounts ; and Mr. Johnson the Thirty-fifth Report of the Com missioners of Accounts in Ireland, which were ordered to lie on the table. Lord Porchcster and several other Members of the House of Commons, brought up a Message, desiring their Lordships would give leave to the Right lion. James Earl of Roslyn, to attend e Committee of the Commons, to-morrow, on the Expedition to the Scheldt, to give evidence. On the motion of Lord ARDEN, thi Messengers of the Commons were called in, aad acquainted in the usual fo-m, that the House would send an answer by Messengers of their own. The Earl of Rosslyn afterwhrds came into the House, and on the motion of Lord WALSINGHAM, a Message was sent to the Commons, acquainting them that leave had been given to the Earl.of Rosslyn to attend, if his Lordship should think fit. NAVAL REVISTON. The Earl of ABIRDEEN gave notice, on behalf of a Noble Lord not present, of a motion for to-morrow senni7itt, respect ing the Reports of the Commissioners of Naval Revision, for which day the .Lords were ordered to be summoned. LORD GAMBIER. The Earl of LIVERPOOL gasr-c notice of the intention of his Noble Friend (Lord AlLlgrave) to move the Thanks of the House to Lord Gay: bier on Thursaav next, for which day the Lords vvvre also ord, :rd to he summoned. _ _ _ Earl GROSVENOR gave notice of a motion for Monday for the production of the Letter of the Lords of the Admiralty to Lord Cochrane, and wished to know if there would be any ob jection to produce it The Earl of LW FR POOL declined giving an answer in the absence of Lord N;ulgrave. PRIVATE BILLS. On the motion of Lord WALSINGHAM, it was ordered, that no Petition for a Private BEI should be received after the Ist of March. nor any report of the Judges on a•Private Bill after the 30th of March. EXPEDITION TO THE SCHELDT. The Earl of LIVERPOOL wished for some explanation re specting the nature of the motion for Papers relative to this Ex pedition, of which notice had been given by a Noble Marquis (Lansdowne) for Monday. The Marquis of LANSDOWNI!, in consequence of the ab sence of a Noble Friend, who would not be able to ;itrcocl fer some time, was desirous of postponing his motion till Monday fortnight ; and in answer to a renewed request of the Earl of Ll sterpool, to state the nature of his motion, his Lordship replied, that he would apprize hint of it in the mean time. The Order for summoning the Lords for Monday was dis clarg, 1, and renewed for Monday fortnight. AMERICA. Earl GREY moved for several Papers relative to Mr. Erskine's Negociation in America, consisting of Dispatches from Mr. Canning to Mr. Erskine, con taining instructions, &c. ; Dispatches frail the latter to the former ; and Letters from Mr. Erskine to the American Secretary of State. Understanding there' was no objection to their production, he should not take.up the time of their Lordahips by making any observations. _ _ The Marquis WELLESLEY had no objection to the prc:itiction of the Papers moved for by the Noble ; the transaction to which they referred being a thing past, no public inconvenience could now result from producing them. It might, perhaps, be neces sary that some further papers should be produced ; and it, upon investigation, he should find it so, he would move for them on Monday. Lord . ERSKINE was anxious to say a few words upon the subject to which these Papers referred. He pledged his honour to their Lordships that he had never seen the documents moved for by his Noble Friend, amongst which were the instructions sent to his very near relation, except a small piece of paper, which would appear when the Papers were produced. He was the more anxious to address a few words to their Lordships upon this subject, because it being known that Mr. Erskine had very near and dear con- INA tnit r n EN FXPRT)ITION. sections amongst those who were hostile to his Ma jesty's Ministers, it had been insinuated by some, that he had adopted their opinions in the execution of his mission, and had acted upon a policy of his own, in stead of the policy cf the Government by whom he was sent. On the part of his very near relation, he distinctly disavowed his bring actuated by any such motive. Had his relation been capable, of betraying the interests of the Government by whom he was employed, and of acting deliberately in opposi tion to the commands of his Majesty, and the direc tions of his Ministers, he (Lord Erskine) would never have spoken to him again. His relation was inca pable of such conduct, and he thought it due to him thus publicly to state it. At the same time he wished it to be distinctly understood, that he did not come there upon th's subject as a father, but to do his duty as a Peer of Parliament.—The motions were agreed fa—Adjourned till Monday. A copy of the letter from the Secretary of the Admiralty to Lord Cochrane, on the subject of the intended Vote orThanks to Lord Gambier, with the answer of the Noble Lord ; as# also ack p of a letter from the Admiralty to Sir Roger Curtis, were presented and ordered to lie on the Table. Mr. FULLER gave notice that he should, on Monday, move an instruction to the Committee on Public Expenditure, to inquire respecting the number of Sinecure Offices under the Crovc, the emoluments respectively attached thereto, and the names of the persons holding the game directly, or iu tout; and to report, as soon as may be, to the House. INNKEEPERS' ALLOWANCE-q. A Petition was presented from the Innkeepers of the County of Surrey, stating that from the great increase in the priers ofpro. )s of all sorts, they were unable to afford sustenance to such of his Majesty's t.-. ps as were occasionally quartered upon them at the present ra:i s of :llowance ; and praying an increase of the same. Ordered to lie on the Table. Mr. GILES rose to bring forward his promised motion for 1-ave to bring in a Bill for the Repeal or Amendment of so much of the Stamp Act of the 48th of the King, as related to the Stamp Duty upon Checks drawn upon Bankers, by persons residing at a greater eistance than ten miles from London, or fr.:n their rankers' residence. The Hon. Member stated at considerable length the inconveniences which had arisen ft - cim the Act in quts tion. The CHANCELLOR of the EXCHEQUER n•as rot disposed to enc.mrage an expectation that thee proposition was ut all admis sible, considering that every man was called on a• this crisis-to bear I,is share of the public burthens, and that any rclironishment of revenue by this measure might call for imposts upon other classes of the community much less able to bear them than the monied men, for whose exemption the Bill was proposed. He s'iould not, •tivvever, oppose the motion, but reserve to himself the right of opposing the Bill in its progress, it he should think it expedient.---Lave :vas given to bring in the Bill. Sir FRANCIS BURDETT gave notice of a motion on Mon day, for an Account of the Commissions held by Foreigners in the British Army.. including the Irish Brigade, from the 527th July, 1789, with the slims given to Foreign Officers upon half pay, or ntherwLe, and to the widows of such Officers within the same period. Lord PORCHESTER moved that Captain Cockburn, of the avy, Gene:al Sir David Duncias, and some other Officers, be ordered to attend to-morrow the sitting pt the Committee, to give evidmce respecting the Scheldt Expedition; wbick, after a few words hog► Mr. Yottitz, was agreed to. • nary that some further papers shot and it, upon investigation, he shot would move for them on Monday. Lord ERS, KINE WAS anxious t upon the subect to which these Par pledged his honour to their Lords' never seen the documents moved Friend, amongst which were the i his very near relation, except a sm which would appear when the Pape He was the more anxious to addn • their Lordships upon this subject, known that Mr. Erskine had very nections amongst those who were jesty's Ministers, it had been insinu he had adopted their opinions in tl . mission, and had acted upon a poll .• stead of the policy if the Governn was sent. On the part of his ver; distinctly disavowed his being actt motive. Had his relation been cal the interests of the Government employed, and of acting delibt tion to the commands of his Maje tions of his Ministers, he (Lord En — have spoken to him again. His p•tble of such conduct, and he tho thus publicly to state it. At the sat it to be distinctly understood, tha there upon th . s subject as a father, as a Peer of Parlianwnt.—The nit to.—Adjourned till Monday. HOUSE OF COMMONS : Fr.: A copy of the letter from the Secrets Lord Cochrane, on the subject of the int to Lord Gambier, with the answer of the a ccp of a letter from the Admiralty to presented ond ordered to lie on the •I'Lble. SINECURE OFFICD Mr. FULLER cave notice that he shot' an instruction. to the: Committee on Public respecting the number of Sinecure Offices emoluments respectively attached thereto, persons holding the same directly, or in tr goon as may be, to the House. INNKEEPERS' A LLOWA A Petition was presented from the Inn: of Surrey, stating that from the greet inert-, vi-iols of all sorts, they were unable to all of his Majesty's ps as were occnsionall at the present rates M allowance; am: jr same. Ordered to lie on the Table. STAMPS ON BANKERS' C Mr. GILES rose to bring forward his 1-ave to bring in a Bill for the Repeal or 4 4 . of the Stamp Act of the 48th of the King, Duty upon Checks drawn upon Bankers, a greater distance than ten miles from j Bankers' residence. The }lon. Member length the inconveniences which had arisen tion. The CHANCELLOR of the EXCHEQ to encourage an expectation that the propo sible, considering that every man was ca bear his share of the public burtbens, and i of revenue by this measure might call ft clas3es of the community much less able t monied men, for whose exemption the f elmild not, isnwever, oppose the motion, the right of opposing the Bill in its progre expedient.—Lcave -.vas given to bring in I Sir FRANCIS BURDETT gave runic day, for an Account of the Commissions the British Army.. iociatling the Irish B. July, 17th), with the sums given to Fore pay, or otherwise, and to the widows of same period. WALCIIPREN EXPIMI" Lord PORCHESTER moved that Ca navy, General Sir David Pandas, and s Ordered to attend to-morrow the sitting eve evidence respecting the Scheldt Exp few words from Mr. You; was agreed HOUSE OF COMMONS, FEBRUARY 3. STAMPS ON BANKERS' CHECKS. RXCLIISION 07 STRAW:OXL " ej'ir Mr. YORKE then rose, and gave notice, that tf nattuielltilltaa of the whole House to-morrow, appointed to inquire rWecting. the Scheldt Expedition, should think proper to go into the exam!. nation of parole evidence, he should feel it to be his indispensable duty to move for enforcing the Standing Order of the Houma for the exclusion of strangers, in order to preven"vhat should tne spire in the progress of examination from going forth to the public in a mutilated or incorrect shape, which be was confident would 13: productive of very mischievous effects. He was persuaded it would be much mere desirable that the public should await the going forth of the whole evidence together in an accurate form, than to receive it, es parts, incomplete, and liable to error and misrepresentation. NAVAL REVISION—FIFTEENTH REPORT. - - Mr. SHARPE stated, that he had given notice for this night of a motion for an Address to his Majesty requesting that he would be graciously pleased to order a copy of the Fifteenth Report of the Commissioners of Naval Revision to be laid before the House. Previoes, however, and subsequent to his giving this notice, he had convened on the subject with several Members of that House, and particularly with an Honourable Gentleman at the head of one of the Public Boards ; and, in consequence of what had fallen from that Honourable Gentleman, though he had not given a decided opinion that it would be injurious to press the production of that Report, yet as it was thought that this was a matter of some delicacy, it was not his intention to submit the motion on that night. He did not pledge himself, however, that he might not move for it en some other day. SINECURE OFFICER. IRISH CUSTO,NTS' FEES CONIPENSATION. Sir JOHN NEW PORT, agreeably to notice, moved for an account of the amount of Compensation for fees suppressed in the Customs in Ireland; of the amount of the Salaries Of all Of fices so suppressed; of the Order of Reference, if any, of th Lord Lieutenant on that subject ; and for Copies of any ()falai Letters from the Chancellor of the Exchequer in Ireland to the First Commissioner of Customs or Board of Customs, on the subject in question, with the Answers thereto. After some conversation, principally on thewording of the dif ferent motimis, between Sir J. NEWPORT, Mr. Fos rt. a, Mr. TIERNEY, Mr. PERELVAI.,aIId Mr. WI;s;DIIA:4, they were put and agreed to. BULLION. Mr. HORNER moved for a variety of accounts and returns respecting the present state of the circu lating medium,. and the bullion trade. He expressed an opinion, that it was necessary for the House to make an inquiry into the causes of the present high price of gold bullion, and the consequent effect upon the value of the paper currency, not only on account of the real importance of the subject, but also on ac count of the probable misconceptions which prevailed respecting the cause of such a state of things. A Select Committee would be the only effectual mode of conducting the investigation—and it was his inten tion, at an early day, to move for tae appointment of one. But it would be convenient, in the first in stance, to obtain such information, as papers might afford, which could afterwards be referred to the hCommittee. He could not adopt the opinion which prevailed among some people, etat the high price of gold and the depreciation of paper (for depreciation in a certain sense it was) were to be ascribed to the number of country banks ; the better their nature and operation were understood, it would the more clearly appear, that they formed an essential part of our system of credit and currency, nor was he prepared at once to adopt another conclusion which had been urged in various forms before the public, that the explanation of the present evils must be referred wholly to an undue issue of notes by the Bank of England ; for, though an excess in the market price Of gold above its mint price, would- be one certain consequence of such an undue issue, yet that same excess might originate from other causes, or be en hanced by other circumstances. He did not presume as yet to form a clear or confident conclusion upon the subject ; it was to arrive at a correct opinion, that he wished the House to call for the information, and undertake the enquiry. His present conjecture was, that the high pnce of gold might be Koduced partly by a larger circulation of Bank of England paper than wai necessary, and partly by the new cir cumstances in which the foreign trade yf this country was placed; by which a continual demand for bul lion was produced, not merely to discharge the ba lance of trade as in the or.dinaty state of things, but for the purpose a carrying on tome of the most im portant branches of our commerce. Such is the pur chase of naval stores from the Baltic, and the pttr-' chase of grain from the country of the enemy; He believed the former cause to operate, because the market price of gcid had been higher than the mint price almost ever since the restriction of Bank pay ments in the year 1797 ; and he suspected the infith ence of the latter from this circumstance ; that there was not merely a nominal depredation of paper as compared with bullion, but a real demand for bul lion itself all over the country. The state of the ex change was no doubt in some degree the cause of this demand for bullion—but, perhaps, it was in some degree also the effect of that transfer of bul lion from this country, which was created by the necessities of trade, and the new system of corm mercial warfare. But all this was matier for in quiry. What remedy ought to be provided, would, of course, turn upon what was ascertained to be the nature and cause of the evil. if it consisted in an ex. cessive issue of paper by the Bank of England, the .remedy was in the hands of Parliament, and had been resorted to in the case of the misconduct of the Bata of Ireland. If the real cause of the high price of gold was the real demand for it, as an article fl..r carrying on our trade, there was no other cure for that but an adequate supply ; and it was one of the many impor tant considerations which arose out of the present situation of the colonies of Spain in the New World, how their immense resources of precious metals might best be rendered available for our accommodation. Those colonies, independently of the Brazils, might easily furnish above the value of nine millions ster ling annually of the precious metals. The mines of Mexico were said to produce annually about 25 mil lions of dollars ; those of Peru 15 millions, and it was thought that if the mines of Peru were better worked they would prove infinitely more Abundant in the production of bullion than even those of Mexico.p When the F tate of our circulating medium came to' be inquired into in the Committee, there were several peculiarities which had been too long overlooked, especially the debasement of our silver coin, silver being still, by the law of our Mint, the measure of all commercial value. Then there was the change which had taken place in the relative value of gold and sil ver to each other, while no corresponding alteration had yet been made in their relative value, as fixed by the regulations of the Mint. In the time of Edward the First the ratio of silver to gold was as I to 9 ; at a much later period it was 1 to 15 ; subsequently as 1 to 15 and a very small fraction, but the ratio at pre sent was as 1 to 15i. From documents which he had seen, it appeared that for rnqre than fifty years back, the supply of gold and silver front the mines 0f4n24- awwslll2.l Ellarriwomo •my &ARE* arse in a nsucliMer th an that 'of the former. He can . . Moving for Re. turns of the Imports,and Exports'Of Bullion and Fo reign Coin, the amount of Bank . of England Notes and Dollars, the Number of Licences for the issue of Country Bank Notes, the quantity of Bullion arid Coin seized, as about to be illegally exported, &c. Mr. DAVIES GIDDY thought this was a sub ject which, like many others, had been industriously wrapped up in a sort of mystery that did not belong to it. If it was looked at through the plain medium of common sense, it would appear by no means the involved and abstruse question it was thought to be. The fact appeared to him to be simply this : that the price of gold and silver (like every other commodity) was regulated by the demand for it. If any substitute 'could be found that could answer the required purpose as well as the commodity so much sought for, and that that substitute could be had at a much cheaper rate ; it would follow, by necessary consequence, that the commodity itself could not be in such demand, and that its price would proportionally decrease.— He would illustrate to the House his meaning :—lf the copper used in sheathing both our military and mercantile Navy should be postponed, by the prefe rence given to some other cheaper and as durable substance, and that our shipping should be sheathed with that substance; there would be of course such a rush of copper into the market, as to occasion a very cheap and general circulation of that metal.—He dif fered from the Honourable Gentleman who so ably introduced this subject, in one point ; and that was, with respect to the Country Banks. He could not think them of such service to the credit and com merce of the country as that Gentleman seemed to think them.—With respect to the great circulation of Paper Money, he thought that it materially contribu ted to throw the specie into market. Mr. JOHNSTONE complimented, what he called the philosophical Speech of the Honourable Gentle man (Mr. Horner). He thought the subject deser ved to be maturely weighed, and that every effort should be made to trace the present unfortunate state of the currency to its true cause. Mr. M. DORRIEN MAGENS thought it in the first instance necessary, that the House should with all convenient dispatch possess itself of every possible information upon that very important and interesting subject. He had not hastily formed his opinions upon it, but, however confident he might feel in the justice of these opinions then, he should defer them till the House was better enabled to come to some 'conclusion. He acknowledged, that if it was his in tention at that time to go into detail, he believed he should be led to take a very different view of the pa per currency of the country and its consequences, from what others seemed disposed to take. That de tail he should postpone to another and better oppor tunity. He hoped the motion of the Honourable Gentleman would be acceded to, as the question ap peared to him to be of that great magnitude, that it could not in its proper time be too fully or too mi nutely entered into. Mr. PATTESON approved of the motion, that had been, he said, introduced with such ability, and vindicated the country bankers from the objections made to them by an Honourable Gentleman ("Mr., Davies Giddy). He thought them a source of great commercial convenience : their own notes they al ways changed.for Bank of England notes, and it was not to be supposed that they could have got them without a due equivalent. Mr. H. THORNTON did not think the docu ments moved for would throw much light on the sub- ' ject. He defended the excestive issue of notes from the Bank of England. The CHANCEL LOR of the EXCHEQUER did not rise to oppose the motion that had been made with so much ability. He would, however, venture to sug gest his difference of opinion, with respect to one or, two points. First, he confessed he could not under stand, how the reduction of the Bank of England pa per coul&alfect the price of bullion, He thought, that they muss consider gold as an article of trade ; 1 and if a guinea, that is, the quantity of gold coined was worth, at Hambargh, more than 21 shillings, no reduction of theii home circulation of paper currency could affect the rate of change in the foreign market, which rate was to be ascribed to other causes. They were to look to the extent of the wars so long curried on, which could not be carried on without money. The additional demand for bullion ; the considerable interruption in the supply of bullion, in consequence of so long a war with Spain ; the quantity that might be supposed to be hid and buried—could all this be said to be owing to the increased circulation of paperi An Hon. Gentleman had furnished them with an illu stration ; but with what view ? The substitution of =Jelling else for copper in sheathing shipping, would thrd‘v that copper into the marketcertainly ; but would it not cheapen that copper ? Whereas, in the case of the paper currency, the paper was put as a substitute for gold ? but the gold had not lessened in price, it had increased, so that he could not see the analogy, for the paper was to the gold as the supposed substi— tiite to the copper. He, however, threw out these sug gestions with great diffidence, as he was aware, that he was not as well informed on the question as he hoped yet to be, when the various papers were before the House. He, therefore, reserved to himself the right of retracting any opinion upon this subject, which more knowledge and maturer deliberation might in duce him to change. Mr. DAVIS GIDDY explained. Mr. MAR RYAT agreed with the Right Hon. Gentleman, that the quantity of paper-money in cir culation had not occasioned the scarcity in bullion so justly complained of, but at the same time, he could not admit, that bullion had increased in value all over the world, as it had done here. All the evidence, which would be laid on the table, be was satisfied would throw no light on the subject, and the quesion would be found at last *holly to depend on the dif ference in the rate of exchange against us in the dif ferent markets, being from 2U to 35 per cent. Every person who could carry a guinea over to the Conti nent, would receiye 28s. in return, and all the regu lations the House might adopt wonld not be suffi icient to bring one back. All the ail, he w:ts fied, was to be traced to the indiscriminate use of licences, by which all the staple commodities of this country were sent to France, in return for which, and for our specie, we received the luxuries of that country, and the butter, cheatC, ikc. of Holland, and f 1: which also wk said in spew. Ihe influx of these to the.enormous rate already menu importafon of naval stores, too, r of which must be paid for in speck 'greatly to this end ; all was to be structive practice of licences. done away, things would be tune, nel. If not, they would continue Mr: BA RING thought the p; the Learned Gentleman below might be of some service in correcting the different Gentlemen, which, " ' wrong. He didcnot, however, themselves would be sufficient to form a fair judgment on the subject. he suspected, would be found to ' the trade of the country. Undoubtedl, culation did expose the country exchange turned against her where' against her. In Sir W. Temple' , country wished to grant a subsid: Munster, it was found impossible we could not send the tin from raised 'This could not affect . the present change of circumstances, an exertion, we sent our paper abroad of raising the money, this must a depreciation. A guinea, at thi 265. or 275. and a pound brought whereas it used, formerly, to be he disliked the trade by licences, to them the whole cause of the Foreign Exchange, because the imports as well as exports. W ring the last year, immense imy from the the trade of th , been interrupted, and this year bably equal to the constmlption All this must be paid for in spec imports were made in our own , occasion, foreign vessels had be , ?; must also be paid in specie, and putation could not be reckoned , What was formerly obtained ff now be fairly estimated at £`2oo, a foreign merchant formerly dre drew for £l2O. We now receive were formerly in use to do from ther sent bullion thither. TI; Commerce tended to deteriorate Every encouragement was givt of cotton wool from Brazil rather although the former must be pail the latter had been,. and still giving our own manufactures ii was also the case as to the forei; in this trade, the freight of whi in bullion. These, he was satisi of the rate of exchange being this country, and there was not be called before the Committee, firm what he had stated. The question was then put and Mr. HORNER then moved . of the Gold and Silver imported, period ; also of the Exports and ' Ireland; ofithe Bullion seized • from the Batik • of Bank of En lation ; of all Monies sent to ow for the service of our Allies Silver exported to the East Ink were ordered. - THANKS TO LORD " I VELLIN I The CHANCELLOR of in rising to move for the Th: Lord Wellingtoa, for his skill nently displayed in the battle of refrain from expressing regret opposition which were manifested which had previously been mani thought it could nut be denied the PR was about to move their than, most splendid that had ever grace the nambers of the enemy with tend were taken injo consideral they were in, for nnlike the whom the French had .frequent and undisciplined, the force opf composed of veteran troops wi our enemy ; when these circui dered, the merits of the action pear in a proper light. He in mind the; advantages that from it to this country, as they essential it was to our interest to Lion of our armies, both for val for skill and wisdom in the they considered the policy and , and the justice of rewarding bra\ House would not hesitate to testimony of applause due to He wished those who might feel the motion, to consider if their some me asure the offspring 'of That such feelings might not were to give, he was anxious to . l on any topic on which a difference exist. He would, for the present. the Expedition to Spain and Portugal the question, and only call Battle of Talavera, in which neral was only equalled by troops, and the valour of the of the General. In doing thiF tinctly to be understood; that from an inquiry into the policy expedition. He did not wish that cussion. At any time he would .the conduct and even to maim campaign. The oi.-cumstances that it was hardly necessary to expelling the enemy from Port marched from the north of Portu) He arrived there on the 11th or ' the 27th broke up to go to Pl a junction with the force under had ser:ral conferences, and a then concerted. It was proposed the enemy beyond the Alberche, French by a combined operation ' Spain, while Vanegas, whose force plan, was to push on towards' fortunately was never carried , failure however could not be ascra. duct on the part of Lord Wellington. • to speak of the battle of Talavera. exchange alin s • rationed. 'll e for Ccivernmen'. ecie, had connib tobe tr►ced the. If this system ned to their old c ie as they new w et. papers moved fo r , him (Mr. Horne reefing the theori es , in his opinion, say, that the p a ,. enable Centim e/1 iest. The diffi cui to be in the stat e , oubtedly a p apt ,„ r to have the r at , henever the trade time, %che r , I , ,idy to the Bich ? ale to do so, bees m which it was to our paper ; but if, • aces, resolved to ma , abroad for the pu7p f , immediately pr o e, this mosuent, bra tonly 19 livresfr iv , worth 24.. D 4 44 s, he could not a se depreciation on f iese licences vele Ne, had, how%e r , d sports of nay 11 sty se former year hay, Om imports were p, t a two or three ye a iecie. Formerly slips ; on the p ser:.n employed. id on a moderate c at less than 11, ssiili for one million mi. ),000 more ; and w rew for kIOO, hen, isred no bullion, al • n the Brazils, butt 'he present system Le our rate of exchae 6 , en to the importat ser than from Amen. said for in specie, , might be obtained in exchange. The „ ign shipping emplo.. iich must also be tis4ed, were the ca so immensely ag •.. a mer4tnt whomi' e, who would not .. and earriod. d for similar accou , rted, within the s id Imports from and ; of all Dollars iss' lugland Notes ie cir. 'or Armies abroad, ; and of all Gold of vELLINGTON*. the EXCHEQU hanks of the House LI and valour, lo of Talavera, could at the symptoms . sted in that Howe, , lifested elsMiere. • hat the action - for v.'ii. thanks, was one of t, aced our annals. Whe uhich we had to c' ation, as also the s poor Spaniards o • :ntly triumphed, n sposed to our army who were the boast umstances were .., a would, he trusted, e wished them to must necessarily re , . 7 must be aware li , to maintain the repo valour in the field . Cormr t anders. the importance of - bravery', he hoped give the hono military excellent feel disposed to op. it hostility were not of party differences, influence the vote I:- 3"abstain (Wilfrid rence of opinion m': sent, leave the policy' Portugal entirely out their attention to h the skill of the i t y he valourt t h r e mp sby of the his, lie wished it at he did not sh :y and conduct of , that to be held from d . ,d be prepared to d ntain the utility of di es of it were so -' state them anew. ' tugal, ,ord " 'ortugal to the Ta: ' or 12th of June, and' Placentia. He fo r Cuesta, with whom plan of operation used not pn,y to 46 erche, but to expel ' ition ' from the south 'once was inchided Madrid. This plan'. d into execution ascribed to any mi ' lingtoa. He now. Lycra. Oa the tort