The British Press; or, Morning Literary Advertiser. — London, England, 1822-03-21 00:00:00

= _ was his intention merely to prowl*, a flew saes& moms at prertent, then to have the Bill printed, and afters/lards r..-committed. The Bill then went through the Committee, after which the House re sumed, and the Report was ordered to be received on Friday setinight. Mt. HUDIR moved for returns of the amount of alt assessments of land tax in Kensington. Chelsea, eisitsF•the hundred of thoulettii, - for the last seven years.—Ordered. SENRY HUNT—THE AFFAIR AT MANCFIE 4 STFR ON THE Ms OF AUGUST,.IB,IO-.AND PARLIA IMENTARY REFORM. Alderman WOOD presented three Petitions: one trolls Ashton:under-Line. Lancashire ; another from the town of Oldham ; and a similar Petition frniu Manchester, praying some mitigation of the punish- Smut of Me. Hunt, an inquiry into the dreadful Has that took place at Manchester on the 16th of A it. rear And also for au efficient and rnducul Reform of Perliament.—Ordered to be printed. Mr. Wyman iftirred, that he and his Honourable Colleague had been requested to present • Petition final the Grand Jury of the County he had the h.- 1100 f to represent (Para), respecting the enormous length ultimo prisoners were detained between the Lent and Summer ASIIIZra ; it wn. therefore his in tention, after he had presented the Petition, to sub mit • motion on the subject, which he should pre notice of for Wedisettday, April if. MALT DUTY, Mr. Losuturredst moved the Order of the Day furtive third reading of the he Malt Duty Bill. After a few words from Mr. C. SMITH and Mr. H. GURNEY. the Bill was read a third time. Sir G. CLERIC moved, that an order which had beta made in notisequenee of • motion of the Ho hourable Member fur Aberdeen. be discharged, its moms impossible to comply with the terms of the motion. But is order to give that Honourable Gooflemon (Mr. Home) the information he re quired, he should move in its stead— ,?hat set-ousts should be laid on the table of all trans port moons tip to the latest petiotl the saute could be made opt." Mr: fittste moved for an account of all tams deducted Iran the .sengva or men and officers in the nary service, agreeable to the 7th and Bth of Wil liam 111.-.-Ord.red. Mr. MAIttiTATT presented • Petition from the Inlimb , tants of Grenada, stating the great distress under wlticlt they laboured in consequence of the very low price of their produce. Among other ex amples of colonial distress he selected for the infor mation of the Room, was that of the oule of an estate its Demerara, originally bought for 40,0001. and stsld ih May last for 13,4001. The Petition was brought up. Mr. Witsto? intimated, that the attention of Government had already been directed to the dis tress of the Colonies. It we.. as he believed, the intention of his Right Hon. Friend, the Prestdent of the Board of Cootie', 'to move for leave to bring in a Bill, the express object of which was an im provement in the regulations of the intercourse with the Colonies. A Member under the gallery, whose name we could not learn, concurred with the slateinenis made respecting colonial distress. No class of per sons suffered more than the planters; if they ne glected to trouble the Flonee with petitions, it VI I nit for want of • sufficient reason for cornpldunt, bat because they had confided in the wisdom of Government to adopt some plan for their relief. As to the nature of their distress, or the remedy best to apply to it, he would not say a word ; he was only anxious to preveot erroneous inferences from their silence. • Mr. Bat/atilt was of opinion that their distress arose chiefly floss the restraints of the intercourse allowed with the Colonies. In the growing preva lence of more liberal opinions of commercial policy; he hoped that the trade of the Colonies would not be overlooked, and that they would suou be allowed • free exercise of all their natural advantages. The Petition was ordered to he printed. TAX ON FOREIGN TALLOW. Mr. CUSIVE/1, in rising to submit a Proposition eu a subject of considerable interest to aoctilture, and also materially affecting one great branch of our commerce, could not but regret that the suhjeet had not been taken op by the Government, who were so much more able to carry their pnrposes into affect. In the course of what pawed during the Session relating to agriculture and its dist rrrrrr , he hid taken occasion to advert to this subject as one which promised some measure of relief; the sub ject had since that time been pressed ou his oaten tic, by a variety of repreventstions which strength coed his faith• in it. • The importation of foreign tallow was a great and material cameo!' the imme diate pressure of agricultoral distress, were it only considered as a mean for compelling English far mers to turn pastures into corn cultivation, and so to cause that unfortunate disparity between the orupply and demand of groin, which was so loudly complained of. He need ray little on the propriety or forcing the productions of other countries to bear their share of the common* burdens when im ported into this. Foreign butter and cheese were charged with their proportion of duties. which yet did not tend to dirmiindi their nnsumpticiii ; while on the other hand the agriculture of this country wits benefited by having 'duly sufficient to equalize the expenses of production laid on the imptirtution of those articles. It was not necessary for loin to say one word on tie distresses of agriculture, which were admitted on all bandy. The general wish to give Mier was uo less manifest ; the only difference of Opiniois had been as to the best mode of doing it He was about to propose one which he thought edbetual to a certain degre; he did not ask Govern ment to relinquish say portion of revenue by it, without getting back an equivalent. He called on the House to observe, that whatever the degree of that distress of agriculture admitted is the pre viva, part of the Session to exist, it bad not been diminiehed strict; it had considerably. increased. He wee nut disposed to bad fault with the mea acres taken by Government for their relief ; he would not disparage the repeal of Is. a bushel melt tax. The measure, to say the least, seemed to he good et the time, end great ',coedits were expected km Bat the coormy, and especially the suffering seri cult *riots differed from Government upon the policy of that repeal. They thought film there were *Mertes., lire repeal of which would afford more &feted relief. Ile tolled en the Government teasider if they could radiy do aueluug more, The libilaNil .. ,__~ ... , relief &it'd Was wholly dirproportioned to the distress. If nothing more could be done this year, was there any other measure of relief, ever so inade quate, to reduce the distress genersily—even so dis taut in the time of operation, of II hich they could hold out a hope ? If en, the m 4 town of it would be gratefully felt, end the country might still con fume to bias: with fortitude, in hopes that time wetitebrifq noire effectual relief. If any one could point out inch a measure, it was his duty to bring it before shallops*. The relief he asked would cause noWew burdens to fall on the consumer. He would not seek fur any advantage for one dam which would , have the effeet of depressing tiny or all of the others.' If he could propose a measure of the kind m far described, the House ought to adopt it. If at this moment the distress was not coasted to the landlords, Nursers, and lal erre, but spread itself over all the cls.ces In any way connected with them, he appealed to the House if it were not proper to urge every passible method of relief.— Ile would appeal to all who heard loins as to the condition not only of the agriculturists, but of the inarket-towns to which they resorted. Was there anything left at the close of she mei ket-day of that Cheerful content with which they wound up the business of it ? On the contrary, did they not hie away homeward, after disposing of their produce in the moat mow i•factory manner, withwt spend ing a tingle farthing in the neighbourhood? The distress wa s not confined to them alone—it spread to the pabiicrns , shopkeepers, and all those among whom iLe farmers were accustomed to spend their moi.ey. He did not know where the means of gene ral relief were to be found, but any measure of it ought to he seized with eagerness. He considered the graziess to be more peculiarly depressed than the other branches of agriculture. Their meat, which osed to sell for 10d., had seek to sid. 4d. sod in some places ed. per lb. These prices were paid by the consumers. That of the greeter was much lets, who had, besides, to sink id. for the offal. What mule it worse we', that the botcher., who were making Brest profits from the hoses of the grazier, actually made the low price of the offal a reavin why they should have the meat at a more reduced rate : so that the result was, the beat fed cattle now l it nil si red less price than that driven from the Highlands of Scotland used to fetch. The ob ject of his motion vets to cause a tax to be laid on tallow imported, which would go at once to raise the price of the home article before it reached the consumer, but not is such • degree as to prejudice him, while it would convey considerable benefit to egricallture. The imported fat was about one half of the whole consumption of the kingdom. Out of 70,000 tons of fat there wee 95,000 tons imported. The English tallow was at 31d. per pound, the Rus-iin at Sid. The English fernier had to expend 20e. an acre, when the Russian paid Is. an acre or low. The latter hadindeed ,to expenses but theme of slaughtering and boiling down the eni mal—tio trouble or cost of feeding whatever. This was trot the only comparison which the Russian tallow had in its favour—the condition of the po pulation was twenty to one in favour of the general superiority end expensiveness of the English. The Emperor of Russia himself, when visiting this coun try, asked where were the poor people. Could any thing speak more strongly the difference between the two people ? He bud a right then to ask for that accommodation for the English grower which would start with his me d rent and taxes, and the superior rank df the labourers compared with other countries. '.lie duty on foreign tallow was 10/. per cent. ; that on hemp. which waaaltended with consi derable expense in the growth, end whicn never could become en article of competition with the produce tions of this country, was 95 per cent. The fo reign tallow bore a duty of 31. 3s. 4d. per tole or 10 per cent. on the value. Wus it policy to tax an article like hemp, of which we could never become extensive growers, high, and to impose a lower rate of tax on an article of general growth ? The object of his proposition was not merely referable to the present market. but the produce of other countries. If peace were concluded with South America, we might expect tallow from those countries. Out of 40,000 tons of imported tallow. Russia supplied about 35,000 ton% Nor was this all the advantage she derived ; she put 8 per cent. on the exportation, and made us pay 80,000/. a year fur the liberty to bring home her tallow to depress our own agricul ture. Were they to continue in a system so con trary to wisdom and justice, cud the interests of English farmers ? There was the experience of Spain and Holland its favour of a duty on importa tions. Spain took off her excessive duties on Eng- Nth produce as soon as England imposed a trifling tax on foreign wool. Holland repealed the duties on the impel: nation of cheese and butter soon after Englaud imposed them. Russia. in like man ner, might be expected to take off some of the high duties she imposed on English com merce, if Russian tallow were vufficiently taxed. The high duties on cheese had not abated the consumption of Dutch produce: there were 8,000 evoke more imported from Holland last year than before. Ireland hed diminished her imports of butter and cheese in the same proportion. Ire land was thus compelled to turn her finest lends into tillage. and swell the superabundance of grain, instead of having her lends engaged in the more proper way of dairy and grazing produce.— (le proposed a duty of 201. per ton on foreign tat. low. The effect of this would be to leave, instead of ltd. for the tallow, only Id. The increased duty of la would divide itself on the whole quan tity consumed. Token on that quantity, about ninety thousand tons, the increase on all the tallow, would make the duty about five pounds per ton. This duty. by raising the valve of our own tallow, would give the grazier annually about 300,0001. 'the whole duty on the 350,000 tons of imported tallow would make an amount of GOO,OOO/. To meet this surplus, the duty might be remitted olfiahlow candles, which made 300,0001. collected at sn expense of one-seventh, or about 63.000/. That was a tax of heavy pressure, which produced little advantage to Government. The tax ou foreign tallow would place the coesumer is a south better situation. At present the csii dle-merchant required more profits to requite his elterges. The candles cost scl. u pound fur fat. sod Id. for manufacturing-6d. The consumer for the new* inferior carolled paid 9 I. of which ed. w a s profit. and Id. went to the Government. The iso neediete effect of his measure would secure 4d. a pseud to the mute • grazier fur whet he raised. .1c """ ;,-...w•-.smpupgr :.- seemed that io Scotland the excise commuted in some instances the duty on candles for the payment of los. annually. Let the teluty be taken ot, •iid every individual be at liberty to make candles. Instead of 600,0001. they gpuld give to agriculture in the proportion of 900,000/. by the increase of consumption of house tallow. There were besides 35,000 tons of foreign tallow used for candles, and 18,000 tone used for soap, about $O,OOO tons used illicitly, which paid no duties at all. The excise were unable to stop that illegal truffle; he expected great advattusgesio Adding that quantity to the general consumption of British tallow. Ilia measure was not only necewary fur present relief; but if not taken in tune tallow would become a branch of foreign trade, to which the countries who had it in greatest abuodance would direct their attention so as permanently to injure the grazier._ If any danger were suspected to our present inter. course with Russia, why not commute the tax on hemp, which injuriously affected the shipping in. terra% and place it on tallow, which would be us fa vourable to Rossi* and produce great relief to agriculture ? The tsx on hemp was most onerous. He dud not know • class more oppressed than those on whose operations it bore with the greatest weight. What was the state of the Greenland fisheries ? Forty ships less were employed in the last year. That trade was nearly destroyed. The effect of a tax on foreigu tallow would be to raise the price of oil to 31.6.. which on 20,000 tons would be an increase of 61,000!.: on these grounds he intended to move the House. If Government would have taken it in hand, he would have preferred the leaving it to them ; if they would now undertake to reconsider the subjectos the measure would be best effected by them, he would leave it them. Let them undertake to grant this relief to agriculture and the fisheries. He would not expatiate on the distresses of either, but if nothing could be done for their relief, he felt that a crisis must sent' approach. He would not say what would actually happen; but the un exampled forbearance of the agriculturists during so long • period, must at leugth give way. They could not go on in their present course; if they had not relief they must soon cease to contribute their share of the general burdens. He concluded by moving for a Committee of the whole House to consider of the prop.iety of imposing a tax on fo. reign tallow, in order to take off the tax on soap and candles. Mr. STILES agreed genet:illy with the Hon. Mem ber on the desirableness of relieving:egriculture. It would be his business, in pursuance of the notice which lie had given, to submit a motion for the re peal of the tax on candles, and he would be pre pared to point not to Ministers the corresponding saving which might be effected in the expenditure. He did not approve of the plan of increasing the duties ou fureign fat; it was particularly objec tionable in regard to our present relations with Rus sia; peace and war were trembling on the balance. At this time, when the preponderance of our na tional influence was most wantiug, it was also de suable that nothing irritating should be done to alarm the jealousy of Russia ; besides, the new tariff was now actually unsettled. Would it be proper to meddle at this particular juncture, when all they could hope would be to give security to some daring 'peculation% which were entered into on the rise of foreign tallow, expected to ensue from the imposition of this duty ? He represented • town peculiarly interested in the Greenland fishery ; but he believed he should do his constituents, and the shipping interest generally, a great injury by supporting the proposition of the lion. Geutle- man ; the effect of the tax would be to lessen the importations from Russia ; that would lessen the exports from England. If we bought less we should also sell less. The carriage of our ROL. sign commerce was effected in English hottnms. Take the loss of carriage and the diminished con sumption of manufactures into the account, the duty on tallow would be oppressive to the manu facturing and shipping interests. The duty on candles was small in amount, and the advantage to Government no way corresponding With the dis advantage to the consumer. It was a tax on the poor ; the rich eluded it by the use of wax, gas, and other elegant contrivances to illuminate their chamber.. It was a tax on labour itself, front which it took a very large proportion Of wages. A person well acquainted with the expenais of labour had assured him that the price of lights made a con 7 siderable part of the sum of 204. which a weaver Was enabled to earn by extending the hours of la bour. Whenever the question of the remission of taxes should occur, the tax ought to be taken off candles. He took occasion to discourse on the sinking fund, an object in the continuance and management of which lie had little faith. He ad mitted the necessity of having • surplus revenue. It would he folly and madness not to produce a distinct sum beyond the expenditure from the taxes; but he would not take a step in that course be yond what was necessary for national credit.— He objected altogether to the proposition of erasing the sinking fund to accumulate by compound in terest. lie thought that the state of the revenue would rouble them to repeat the tax au candles without detriment to any class. Mr. F. ROBINSON. io a few word% wished to state she reasons why he must oppose the motion. As one of that class whose interests the Ho nourable Member professed to have in view, he would have been glad to support any measure for their relief which could have been effected with out detriment to others ; but be could not agree in the view taken by the Holt. Grnt!emsn. His measure must have uue of two effects—to raise the price of tallow, or out to raise. If it raised the price, that would be an aggnevat pro Mato, on the expense of candles to the consumer, which would be as bail as if effected by so increase of duty on candles. The existing duties on candles were from 9/. to 101. per too ; on tallow from 3/. to 4/. per ton. It was proposed to impose a duty of 20/ per ton, instead of M., the amount of the whole Julie* at present. This would be any thiug but an advantage to those who were oppressed.— What object was there to view? To relieve agri culture? In taking measures which would oppress other classes, tney ought at least to look well In the degree of relief to be obtained. The House ought to be very cautious how they trusted to the advocacy of this measure, which had among its boldest partisans one who was said to be deeply interested in the success of speculations depend. fug entirely ou the rejection or adoption of it.-- ....g - P Thal person hail slated that tht average duty on tallow would be then about V. 10a. He had gone a round-about to prove this; it might be correct or it might not; if it were correct. it would make cattle more valuable by shout 3s. a head on oxen. Were they to risk the existing relations with Rue. sin and other countries for • relief not worth having ? But suppose the price of tallow were not raised at all—and he wits at liberty to take either of these positions, as they had been each held in the succession of argument—sup pose then the price of tallow not to be raised at home, foreign f■t would be supplied at so low a rate that it was more than probable the price would not rise. The ioferrnce of the Honourable Gen tleman in every way was wrong ; it would come to this, that as the restraints on foreign trade were so great that the different Power, were to take any course they could to come Tutu our markets, the moment it was detected that their itigeouity had discovered a way, Government was to step in and impose new restrictions. Rather than go on in this way it were better to shut tip shop—(Lsughter)—it would be impossible to do any business in foreign trade profitably. If the measure were to raise the price of tallow, it would be no benefit to the grazier, as far as lie was a con sumer, while it would be injurious to the com munity, and especially to the lower orders. He held it to be equally objectionable in any sense. Were they to risk their relation• with foreign countries, and incur their jealousy and ill-will, per haps in the end their huatility, fur the sake of keep ing their produce out of our markets? He must give his decided negative to the motion. Mr. Ricaano had heard the sentiments of the Right Hon. Gentleman with pleasure, and most heartily coneurt•d with him ; he hoped to see him enforce the same doctrines on all other objects of our commerce. His Hon. Friend near him was astonishingly alive to all taxes laid directly out agri culture, and it was really surprising to see how he got over the ground on his calculations of the effect of a tax, on the prices of commodities, and the costs producing, from first to last. His Hoe. Friend thought the price of tallow would he made to rise 51. It would be extremely difficult for any one to say what die effect ►ould be; but he took the calcu lation es to the larger profits of the Russian produce to be made entirely in error. It was not the interest of any country to send their produce into • foreign market at a dearer price than they could afford ; end, generally speaking, we had Russian tallow as cheap as it could be rendered. He disagreed in the propriety of any lax imposed for a particular class. It was full time to set aside all such notious, and give full effect to the industry and ingenuity of all countries. He could not help adverting to what had been said by the Member for Hull in respect to the 'nuking fund. The Han. Gentleman was a friend to a surplus of income, but objected to • sinking fund. He could imagine no other idea of a sinking fund, but • surplus revenue. What was the use of a sur plus but to employ it in reducing the debt ? The Hon. Gentleman was afraid to trust Ministers with • sinking fund on account of past experience. He agreed with the Honourable Gentleman. But for that sentiment no one would go farther than himself in the establishment of ■ sinking fund. Though no one was more eager for measures to put the country out of debt, yet he would not agree to trust any Ministers with, a sinking fund. He would vote for the remission of taxes so long as any sink ing fund existed. He had heard taxes selected her repeal ; one preferred the malt, another the salt tax, another the duty on candle.. He admitted the salt tax to be a great grievance ; but these were not the taxes he would have repealed. In his opinion the tax on law proceedings was the most abominable and unjust—(Loud laughter)—it was • violation of justice, and a direct wrong to the poorer claimants, for it went to the advantage of the rich. Every Member had his favourite tax for repealing. He would have the tax on law proceed. kips remitted. Mr. T. WILSON expressed his satisfaction at the liberal sentiments expressed by the President of the Board of Trade. He could not concur in the motion, nor in the sentiments expressed oft the wool tax in the course of the argument upon it.— That tax was a great mischief to the country, and had caused the prohibition of English cloths in Spain for a considerable time. He apprehended that Russia would act in the same manlier on the itnpo sition of the tax proposed. He opposed the motion. Mr. J. BEarrr disliked the confined view of their interests taken by the agriculturists. Would any of those Gentlemen have the same feeling fur the manufacturing interests ? Would they be as anxious for the repeal of the duties oil foreign silk ? If they were sincere in their wishes for freedom of trade, let them vote fur the repeal of all the re straints on commerce one by one. lie would volt for the motion. reserving his optiiittu on the a;•pli ca►ion of it till the discussion in the Committee. Mr. PHILLIPS was glad to see any relaxation in the restraints on foreign trade, which were nothing better than impediments on our own. How weir they to trade at all if they would not admit itu portutiou ? The silk trade had been referred to as tine depending on restrictions; hot let the denies be taken uff raw silk, and the restrictions might be removed with advantage. If that were dour, the improvement of the silk trade would extend itself to agriculture, which could only be supported by the prosperity of rminufactures and commerce. f-fe was happy to hear the sentiments of the Presi. dent of the Board of Trade. At present they wets foolishly fearful of importations, ■nd the exports were obstructed by the difficulties placed in the way or the imports. He ridiculed the represents tiona made by a party interested in tallow specula tions out of doors, sod concluded by opposing the mutton. Mr. CURWIIII, in reply, thought it bard t h at an individual should be su harshly commented on as hint who had been adverted to. Ile had nothing to do with the views of that person. Ile would waist any Member in obtaining ■ repeal of any taxes which could be spared ; all he tought was some measure of relief. He expressed his surp►ise that the end of the arguments of all the political reouo mists should be so oppose•d to granting any relief. Ht. argument went on the necessity of the case; lie felt, as he stated at first, that ■ crisis was aps picnicking (if ito relief could be granted), alien it would be impu►stble to bear the existiog burden.. tic thosght the measure he proposed Pas demanded . ---...v - . . by the trodden, d odr interests by the Court of Romig. He would not press the motion to a diviwou. The agriculturists had borne theirdolSeulitet for sugei without murmuring : the time might come ;hen they would alter their conduct. Fir ituti lieard.witti deep regret the sentiments of she P.esident of the er B oarde no r T t o expectrT r ade, froth lilyo uw hi c h hr f further l trllef " l l :o il its that Gu: +w rrui r . Went. The motion was then negatived without Colonel Davits, on behalf of on 1 - 100. Ftiend, postponed the notice on the repeal of the leather tax till utter the holidays. • The CHANCIMLOH of the EXCHEQUER moved the discharge of the order of the day for the wood reading of the Superannuation Bill. Mr. Hums: wuhKtl to ask the Right Urn. Gentle.; man if he would base any oliectiun to lurnith tte House with the schedule of Aires to be attnexedlet the 801 l before the errand rradttig • The CHAsicat.Lort nt the Factituuca objected to doing so. ou the grounds of iticouveuience sod irregularity. Mr. Hams was entities for tie whedule, to ►ee bon tar the principle of reduction would be cubit to the °Sem He thought deduction would be quite importable in ',mitre officrs of 1001. or io env ogees between 501. and tool. The CIIIARCILLOR of the gicassiven said , the. the tiotentent .1 particulars wool,' be made to the House before gulag into . the Committee. The SlOlllll9ll aid, that the Howe must see the inconvenience and want of eider% taking the seised reading, which was tim stage for debating the pin. ciolr, to diectirs the merits of the Bill itself., 'h a Tule that mutter should not he debited id that stage at which it could not be altered rrr corrected. Mr. IL G. BEN NETT thought that they i could est discuss the priuciple without th e y h a d t he details before then,. The order of the day was di-charged, and fixed for Friday next. Lord PALMER*TON lairl Heturna of Courts Mar.. tial and Dismissals of Military Officers einq 1791 upon the table, pursuant to the order of the House. —Ordered to be printed. - . Mr. F. ROBINSON gave notice, that he would on Friday st'unight move that the Home should re solve into a Committee on the trade of the Colonies. Mr. flume postponed his motion on die lonian Ides Ir. %ie till theil 11140 17th only Al)"L N regretted the postponement on account of • gallant Officer whose conduct hid bee., unfairly reflected on ;he was anxious the opportunity of clearii.g the character of that gallant Officer. In the mean time, lie took the opperto. nay of assuring tht House that the conduct of that Officer would be teen to have been most exemplary, and that the Colonies under his govermueut wets in a state or perfect tranquillity. After • few words from Colonel DAVtss— The CsissiciLLoaof the EXCHCQUIIII mooed the dropped Order of the Day for a Communes of the whole House, on the IRISH FIVE PER CENT. ACTS, which having been reed, end the House having so solved itself into a Committee, The CHANCELLOR of the Exceeotrott said, that {iving eurcesefullv proceeded in the great operation of reducing the English 5 per cents. to ammitimat a lower rate of itverest, they would leave their work imperfect unless they adopted r. similar proceeding will. regard to the Irish s.per cents.; fur which par pose it was his iuteution to propose. resolution noir ly similar to that which had been adopted iu reference to the English 5 per cents., and to which he did not anticipate that there could be any objection. The resolution which he intended to propose would give to the holders of the Halt stork the same advantages which had been gill,' to the Enlist; proprietors, for it would he extremely hard to press upon them with greater severity, particularly when it was considered that the legal rote of interest was higher there than in this country. The Irish 5 per cents. amount to about 9.300,000/. exclusive of that part of the some description of stock which belonged to the Bank of Ireland. The Resolution would apply only to that part, the amount of 9,000,0004 he bowing to the public. There was also a portion of 5 per cent. stork, amounting to 2.590,0001. be longing to the Hawk of Ireland, which had been created 'by an advance made by . the Bonk to Go vernment, as a consideration for the repassl of their charter, and which was not redeemable until the • expiration of the charter. There was alai a still further sum of 1,250,000 f. in 5 per cent. stock helongmg to the Bank of Ireland, which wit redeemable after six month. notice. Notice had already been given by the Tresouoy to the Di rectors of the Bank of Ireland, of the Ova tion of Government to redace that stock, and of the terms on which it was proposed to effect that operation ; but no answer hod been received from them on the subject. He was, therefore, only able 1101 1 / to p-op ise a Rem:lotion applying to that ;ot of the hash .5 per crnt. stock (amounting to 9.000,0001. as lie had slremly state), which •as tit the hands of the public. lb. cocciuded bv moving a Itesolutiou fur the reduction el Me troll five per cent. annuities, and the cleating of four per cent. annuities to lieu of the same, in n early the triune word, as the Resolution of the ifith February, relating to the English five ref cents. which agreed to. The CHANCELLOR of the Excimon then said, that, the amount of the Irish five per Crab. was so much smaller, the number of the holdelv or that stock was so much less than that of the English five per cents., and the circumstance of urea) , the whole of the holders residing in Irelaod, rewired so much less time nictitate foe a sulficiept pahlicatioa of tba plats of the proposed i edoctilish that he thought eight, does would be a millirem' term to allow for the entry of the iiirtmttoiss of those who alight lie inclined to disecoot, instead of twirl" days, which had been the tone allowed the holilets of English itock fur that vomiter. He thee...tote moved a Resolutioli accordingly ; *lnch bermg ber.o uqreed 10-- 1 he tioorie Irqurned. and air Itefolotion sett °Wend to be lept.l;ed to.itturto.. C tmmaTcr. tn , suppi V. The Cii ANCi Ll,oa tti the ExCIifIVER then mowed the Order of the I.Yav Inr r Committee t•I ; still the Speaker aiing lett t he Chia — Sir .1. Osn,m4 to.r 10 IlitAc itettlto 01 tk N.tvy Fstilitrates, Ir. LI. G. ULNNETT tcse and the • ..~.,. .r.. AMIN