The Sun. — London, England, 1823-03-12 00:00:00

PARLIAMENT, HOUSE OF LORDS S MARCLI 11. US. Winchester, from the Post-offiee, presented an Account of Balances in the hands of Deputy Post-tilaSterS ; Mr. John tont au Annual Account of the Receipts and Disbursements of the London Dock Company ; and Mr. Spines the Tenth Report of the Commissioners of Highland Roads and Bridges. Ordered to lie upon the table. The Assessed Taxes Repeal (Ireland) Bill, and the Ply mouth this Light Bill, were brought up from the house of Commons by Mr!Brogden, lsumnes, anti other Mr-fi bers, and sent n tiryt utue. The Scots Creditors Bill was read a third tuna and passed.— AOUrned till tti-morrow (this day.) HOUSE OF COMMONS. - NI. BY NG brought in a Bill flir Lighting the parish of St. Paul, Shatiwell, arid the Hamlet of Mile-end, Old Town, with s.—Realthe Kest time. • Mr. 1). GILBERT Presented a petition against the Shad. well Church Bill. • Mr. BYNG moved the second reading of the Shadwell - Church Bill: Mr. I) GILBERT opposed the motion, And moved, we an, amendment, that the Bill be read a K.::cona tune : 11 ) 6 day six months. Mr, lIYNO argued in support of the Bill, which he said WAS viewed in a favourable light by the. great body of the . parishtoners. After a few observations from :tlr, liEweetv.T, Mr. S. Wolter LEY, Mr. MAIIIIYAT' and Mr. U: 'CALVEUT, the gallery was cleared for a division. The House did not, how: ever, divide. On our admission to the gellery, we found the "Sereeert stating the custom of the House with respect to Private The Mill was then read a second lime, end referred to a Com mittee, Alderman C. SMITH presented a 'petition from the Rev. Isaac —, A.M. stating that he was the holder of several -share. in the Soothwark.bridge Company, and complaining tint the Directors had exceeded the powers intrusted to them. —Laid on the table. • Mr. S. RICE presented a petition from c ertain inhabitants of Limerick, complaining of abuses in the Corporation of that eity.e-Laid on the table. • • • Mr. ASIIURST presented a petition from: some part of Ox fordehire, praying for a Bill to facilitate the reeovertrof email debts. ellir R. WILSON todk that opportonity of asking the Right Hon. 'Secretary for the Home Departmeut t whether a regale. tion had not been made by thellagiStrates, in consequence of which, individuals imprisoned for small debts in'Cold Bath. fields prison were treated as felons, pot being allowed to see their Mende except once a week, and then only for an hour ? `He ,should be i glad to know whether the Right lion. Uchtleuran tanctioned such a regulation ? Mr. Secretary PEEL answered, that sonic complaints had been made on this subject at the Home Office, and he was now in a course of communication with the primer authorities, for the purpose of procuring the necessary information. '!'he petition was referred to the Committee on Small Debts. Mr. R. COLBORNE presented a ,petition from Meldruni, fn C A mbridgeshire, egainet the Insolvent Debtors' Act.-=•Laid on the table, and ordered to be printed. IRISH LEATHER AND .SPIRIT DUTIES. Colonel BAGWELI, presented It petition froM the tanners of Clonmel, in the county. of Tipperary, against the leather. en the table. Colonel BAGWELL said he Understeed it to be the inten. tion of the Chancellor of the Exchequer to .take some alteration with respect to the mode of levying the leather.tax in Ireland. It' such were the case, it would be extremely gratifying to the tanners of that country to know what alteration was commie platedby the Right lion. Gentleman. . The CHANCELLOR of the EXCHEQUER said, it was his intentioreto assimilate the tootle of collecting the tax on leather in Ireland to that which was at present adopted in Eng. derid e Ile meant to take that course>, in consequence of the re commendation of the Commissioners of Inquiry. Mr. T. SPICING RICE asked the Chancellor of the Eit: 'chequer. lit . what time, it was proposed that the xeduction of • duty on Irish spirits should take place ? The CHANCELLOR of the EXCHEQUER answered, that without pled ;ii himself to a day, lie conceived the retlue. tion would nut he effected before the 10th of October. Sir J. NEW PORT said a few words, which were quite in• au4ible-in the gallery. . Mr. CALCRA raid, if the Chancellor of the Eitehequer merit to introduce into Ireland the same regulations with 're.. tret:Ct to the collection of the leether tax which prevailed in kengland, the system would be just us objectionable as It was ett. present. Ile believed the great ohjet;tion to he the inter. ferenee While the collection of 1100,0001. which tt.e ditty produced was placed under the excise, it must con. Owe a Most' onerous tax. Ile now gave notice, that he would on the Ise of May move for the total repeal of the tax. FORE BIN TALLOW. • CTIRM'EN prisented a petition from the. glaziers and farners of Wiltshire, 1-raying 'that an additional duty should b imposed on foreign tallow Imported into this country. Mr, RICARDO deprecated the system of' protecting - duties enerally, Tp ehe tition was laid on the table. • INSOLVENT DEBTORS' ACT. Mr. BLACKBURNE 'presented a petition from Oldham, against the Insolvent Debtors' Act. ' • Mr../01IN SM ETU wa.s desirlotts of knowing, whether it was the intention of the Chancellor of the Exchequer to intro 'duce any measure ti, remedy the evil operatinn of t'Ais act in it 4 meat form. - The CHANCELLOR of the EXCIIEQUER replied, that le was certainly unprepared with any plan, although he was tmist ready to pay his best attention to so extensive and import ant a subject. :lir J. NEWPORT inquired, why the Law Officers of the ON.wn bad not taken the subject under their consideration ? Why should other °critical en be called upon to take pains to ameliorate the htw, when, after all the trouble they could take the subject, their labours were generally in the end tlis paragNl anti defeated by those who should them-wive:shave de their attention to it.---! Year, hear Mr. ItIIIOIIT was entirely of Opinion that the Law Officers iif'tha. Crown were the fit persons to amend the The ArrMtNEY-(fI I .INERA said, that it would be in recollection of the House, that itt the cour , e of last Saiiion he bad taken some pains upon the subject. All he simitild 'add at present was, that he Was ready to attend '0 any v. , lggestion 'wloch could be made, and give every assistance in his power, :to nmetly whatever evils ltad practically ari,m froM the opera thin of the Act. The petition wait laid on the table. Mr. 1 AISLII N6TON brought tm . Acc)unts of the Army .Egtraordinari'at, and of the Commissaries tet Foreign Stations; e.I Accounts from the Navy Office and Admiralty, according to the order of the llou*e,--Ordered to be orintcd. Sir - If. PARNELL presented a Petitionfrum Robert Smith, ritak of the Peace for the County of Mom.;dian, Ireland, pray ing that if a salary should be sub, , titutcd for fees of office, his case should he considered..-Ordcred to lie on the table. -' On the motion of Mr. Ittcautio, accounts were ordered of the number of country bank dote-; in gonland and Ireland, `which were stamped, from thy ?ith of October, 1821, to the 6th of October, 1W?!, and from the latter time to the t:h January, 103, distinguishing the number at each period.. Mi. A 111/ presented a petition'i'iem Ilridgwater against ,the Insolvent Debtors' Act. • A rt,flott- ER, whose name we could. notlearn,lB,- 11001(C 4 I, that there was one part Of the get of which dui frau ,4ll4l,tot debtor amply availed ithyself; it was that by which a man in the country eottitl remove himself front his creditors to• , town, and impose upon them the expence of sending witnesses .after him to oppose his discharge. Ixuy escaped by that re anoval,—(.lletir 1)--The itetitimi was laid on the table. LAND-TAX. the motion of .Mr. lin at accounts were ordered, show. the gross receipts of the unredeemed lantl-tax of Rugland,' ,SCAltind,.aral Wales, since the year 1/96, and also the amount reduced each year by purchases according to- the provisions of the WWI tie°. 11 1., and hew the money had been applied.—. 11:e flunourable Mrinteer observed, that it was not Ins inten tion to move for the ftecOttali from the Irish Post-office, as the o rritniasioners of Inquiry were about to investigate that depart ment, 'SINKING FUND. 'llle CHANCELLOR of the EXCIIEquEn, moved the MCICV of the day for ,the Committee oil the INatiomil Debt Re uction .Ilill. 4.IIINNFEI , I , said, that on several sncr sive occasions lie had called the attention of the llot►sc to Whitt was called the sinking Fund, but his former observations had chieilY applied to one branch of that fund, which was very aptly ale& the shunt Sinking Fund, a branch now abandoutsi, and he hoptsl nevar likely to be renewed , . It was necessary., however to tie. preeate it, because sollt ething lik,3 a uthority in its be half (he icatkiv, notintended as Midi, might be inferred, front observa tions which had fallen from his Hon. Friends near him (Mr, .flaring and Al r. Iticardo.),-The history of , the sham sinking ,fund was shortly this:.--In the original sinking fund.ao of . 17116, !q r. Fox nowt providently end wisely introduced a clause, the object of which was wallow the Commissioners for the re tlaetion of the. national debt to apply the whole, or any part of t thefuntis In their disposal, to the subscription for any loan.— Now, instead of Ministers acting upon that salutary clause, from the year 1793 to 1819, during their loans, the House was unfortunately pleased to sanction a different course, which was, that the Chancellor of the Exchequer should burrow several millione—sometimes twelve or fifteen millions at once—from the loan conttactoeseand give them, in lieu of the money so borrowed, an article:caeled 3 pee cents., and detit it was wise that the same Mintstereheuld stead Cormoiesionereleto the stock market with this identical money, and vest it again' in the 3 per cents. ; and:gels * . ea called an advantageous mode of dealing for the public interest. Nothing could be a greeterlh. surdity than this mode of doing business ; and yet, though often exposed, it was not abandoned till the year 1819. Were this sham system innoxious, he should net quarrel with it ; but the fact was, that it was capable of demonstration, it had cost the country during the 'foul-last loans of the late war, a sum equal to a perpetual annuity of 268,000/. .On one loan alone It bad, cold 3,600,000/. of 3.ntir cents. Nothing could more strongly Plustmte this mode - Of doing linsineiti than the effect of itattban. rPatient 1810. On the , 4th or loth June in that year it was umoured in the usual quarters, that a loan of 24;000,0001. Would be wanted; but when the contractors repaired to a pre liminary meeting in. Downing.etreet, 'they were, to their aatonislunent and sorrow, .informed ley the Chancellor of the Exchequer that he only wanted 12,000,0001. and that the Go vernment had at last determined to act upOn Mr. Fox's clause. The price of the 3 per cents. the moment before the contractors wentup to Downing.sereet ; wits tie; but the moment they re turned to the city the price rose, and within two days went from 65 to 70 and 71, and the contract for the 12,890,000!. loon (at course regulated by. the price of stocks of the day) was eflected et an advantage of at least 3,000,000/. to the public. liad the Minister Acted upon eir. Fox's claim of 1791 down. wardeethe.cOuntry would have saved 50,000,0001. of money. He hoped and trusted that, with the experience of the past before their eyes, they would never recur to so ruinous and Improper a system. , Having said this much of the sham SinkitigFund, he would lily a few worth' of the real Sinking Fond, that is, of a surplus of income over and above the e . xpenditure. For the' maintenance of this Sinking Fund, lie was a steady advocate. It had been said by his lion. Friend (Mr. Jimmie) on a former night, as an objection to the existence of a Sinking Fund, that e rapacious: Minister might at any time sweep it away. Ile was not convinced that such could be done, for he thought no however rapacious, could do so without the sanction of Parliament and of the country ; but suppose it was taken, it could only he applied to some purpose winch was deeMed ad vantageous to the country ; and was not that itself a sufficient reason fur supporting a Sinking Fund ? In 1013, lie had sup. ported Mr. Vansittart's plan, which was the greatest invasion that had ever been made upon Sinking Fund ; the country was then exhausted by taxation, and required beathing timeeand by. the plan ofllll3, it received it fur 3or 4 years. Was not that another proof of the value of a real Sinking Fund ? Many plans had been devised to pay off by one great effort the nation. al debt, and the project (he hoped his lion. Friend Mr. Ricardo would excuse the word) of accomplishing that great payment by a general contribution from all the property of th e countr y , WAS the wildest of them till. flow wits it possible toarrangesuch e plan with equity and impartiality ? 'How was the contribution from each species of property, lands, houses, goods, kc., to be arranged? But that was not the whole difficulty: after the amount of each was ascertained, how would it be practicable to get each man's share, so as to liquidate in the mass the trifling stun of 000,000,000/. ? The Ilan. Member then b ore testimony to the merits of his Hon. Friend's (Mr. Hume's) finance resolutions, which, he said, contained more . valuable information than 'any other paper he hied seen upon the same object, although he differed from some of his Honourable Friend's inferences. His lionotnable Friend had stated truly, that the debt at the present time had greatly exceeded its amount when the Sinking Fund was established in 1793, and from thence, be says, it is demonstrable that the Sinking Fund system is founded in fallacy, and maintained by delusion. •He (Mr. t lretifelf) denied this deduction--he denied that the increase of the debt woe a proof that the principle of the Sink. ing Fund was founded in fallacy, and maintained by delusien. The lion. Member, after showing that the case of a private gentleman, who should be induced to put by a portion of his income with a view to paying Men debt upon his estate, was applicable to the operation of the Sinking Fund, (and that though the individual might afterwards encroach upon the re. served portion, still the effect of the remainder would be to .11. quidate the debt, although the period would be protracted in proportion,) expressed his conviction that the object for which the Sinking Fund wax originally instituted, night have been at tained, although it should.be admitted, that in point of fact the public debt had not been decreased in the mean time.—(hear!) The country might even have been mogressively improving m the interim. In conclusion, lie would only say, that the Sink. hoe Fund was calculated ultimately to have the same effect as in the'. ease which he had put to the Meuse and he would, therefore, express a hope that it might go on increasing,, until the purpoeefe of the Bill introduced by the Right lion. Gentle. ,nun should be effected..—( H ear !) Mr. Jitite: SMITH thought it would be readily admitted that in the course of the long and dangerous war in which we had been so recently engaged, great difficulties had been some. time,. experienced by the Governineut in raising money upon the public eremitic*. Now, whenever loans were to be borrow. ed; it followed, as matter of course, that the greater the faci- Mute of borrowing, the better were the terms upon which the public-could procure the monies. So tar' and in this sense, al. though the sinking fund might have failed to be effeceual in its appropriation to the discharge of debt, it would be granted that it had been very efficient. He could not refrain from bearing ' testimony to one very judicious measure that was adopted in respect ofthe last loan, by *Noble Lord, who was at that time Chancellor of the Exchequer. It being rumoured, that the Chancellor would want to raise a loan of 24 millions, or even 110• millions, to pay off a liege amount of Exchequer Bills, and to Otte up sonic other stock ; stocks were sold in the market to an enormous extent. The Chancellor of the Exchequer very pro. ferlyiTnade no previous communication of his intentions.; and the :consequence of his prudence was, that stocks which at his going into the. market were at 65 rose to 70 ; and,; then he turned .round and said, " I have occasion, Gentlemen, for 142(elf),0011/., and no more." This was, therefore, a beneficial loan, and he e , Mr. al, Smith) gave the noble individual great credit for his proceeding. , lie (Mr. J. Smith) was one of those who had had occeeion, to obierve, end perhaps on sonic ac. counts .he had Mid greater opportunitiee of observing it than innny lion. Gentlemen, that without the services of the Sink. lug Fund, this country could not have gone on for two years Linger in its present tiptoe) of raising money. With respect to the Bill before the Mese, be was happy to eive it hie warmest approbation, and lie congratulated the Right lion. Gentleman opposite on lieving 'nought it forward at such a time, and under sucit circumstances. Sir HENRY .PAIINELL then addressed the House ; but froth the circumstance of hie speaking from under the gallery, we heard, him but indistinctly. lie had given this blt Wet: a good deal of cOnsideratione And if lie had a plan of his own to pro. pose,. among :Melt a multitude of projects as had been opened, lie was almost afraid to bring it forward, lest he should gem unnecessarily to increase the number of those schemes ; still he Amid feel it his fluty to sketch the general outline of a pro. position which lie would leave, should the !liaise approve it; for future disco Minn. The lion: Member for Knaresborough had ttilly said, that what the House 'was to decide upon this subject was—WAS the country capable of bearing a Sinking Fund ? 'Could it sustein the taxes necessary to raise such a fend . ? This seemed to be fair, and, indeed, the only ground upon which the question could be agitated ; and if he (Sir Parnell) could Sink that the country was in a state so to bear a Sinking fund, he would support the upon the table. But, looking to the pregent state of the country, he really could not bring himself to consider that the, country was able to make the effort thus required of it. With regard s indeed, to our manufactures a:.d our commerce,. these two Interests, 'it must be admitted, were in a most flourishieg condition. The Right 11(m. Gent. the Chancellor of the Exchequer profeesed to leave a surplus of e,000.0001., and totha propriety of retaining these 6,000,000/. he Parnell) would accede under certain qualifications. But, if the Right Hon. Gentleman contended that it was necessary for the country to maintain the surplus, lie wasceitainly bound to produce it with the greatest passible regard to the ease and coAveniqice of the public. Ile would admit, that if ever there was a time at which such a surplus was necessary, it was the present. Government had certainly made liege reduction* t but in the c..ittrie of the last two yeers they Might' have been carried to an infinitely greater extent, had every pro_per exertion been made for the diminution of our expenditure. When he proposed, there. fore, that the sinking fund 'Should be increased to the amount of 8,000,0001., lie was called upon, not perhaps to devise the precise mates . by . which it could be so increased, but t . could state two lerge ?mecca, at least, of increase. In the 6 tst place, the whole system of our taxittion ought to be re. Netted. Ahnnat every one of the taxes had been eriglioally imported in a great hurry, and was still improvidently col lected. There had been no pales taken to itopose or to levy them in the leak. burthensome Way. By a Judicious revision, he thought it certain, diet a vastly greater inoduee, might be raised out of the existing taxes ; that they mig,ht be rendered much lese burtheneome to the community; and that they could be levied in a way much more beneficiartoThe country than at present. He hefted that the Right Honourable Gentleman wouM abandon the d eluiii on of the commutation of the half-pay; for he could not bat see, that it was the oddest thing in the world to establish a Sinking Fund to relieve the country from debt, at the very Mlle moment that he ,s creating it debt for owe verity, in order that he might relieve the pr esent generation from its payment. The Hon. .11aronet thin proceeded to detail his plan ; which was (as far agree were able te collect it) that the Sink. ing Fund, by means of further reductions of expenditure, and en improved collection of the taxes, should he raised e,000,0001., or an amount equivalent to about It. per ceet. on the total-debt : that such Sinking Fued shoeld be placed be yond the chance of being diverted by the Government to any other - purls* than the payment of debt, by its application un der the authority of Parliament, not as at present proposed, to periodical purchases or buyings.in of stock, but to tie redepap thin of our permanent annuities; that for this purpose, an addi tional 11. per cent. on his stock should be given for a certain, number of years, to the patine creditor holding 3 per cents., which 3 per cents. Might, at die expiration of such tem, be al together redeemed, perliaps in the eourae of 45 years. Mr. RICA RDO thouglit that the plan proposed by his lion. Friend, would do away a great deal of his (Mr. Ricardo's) ob jection to the sinking fund.--(hear !)—His objection to that fnnd was, not to its principle, but that it might be so easily diverted from' the - objecenf Institution.. - Now, his Hon. Friend's proposition would take its control entirely out of the hands of Ministers; and this was very satisfactory. His lion. Friend also suggested the etpediency of mathi . the permanent annuities determinable ; and thought that by giving the pub lic creditor U. per centanore fora.certabknumberot years, the public debt might• be extinguished after a limited period. , — But his Honourable' Friend (Sir 11. Parnell) did not do his own plan - justice; for he • calculated, that in ,forty-tive years the 3 per cents. might be,got rid of. llere, hOwever, he cal- Culated them at only HO; whereas he had a right to assume their price al 100. belts, therefore, than'4s years might -suffice for . this operation. If parties would accept this commutation, of their perpetual annuity of ;it. per cent., and receive in lieu 41. per cent. for a limited time, this surely' was a proposition well deserving the 'attention of the House. 'What might be the effect of so applying the Sinking Fund to the extent of the whole debt ? In the event of a war, Ministers ought not to have any power over that fund; but they ought to conic down to the House for fresh grants, when new expellees made these necessary. The Hon. Member, adverting to the Right lion. Gentleman's observations on what he called a " crotchet" of his (Mr. Ricardo's), observed, that the principle of his pro. position was the same as that of the Income Tax. There it was necessary to ascertain the income of every man i n t h e c ountry, 111 order to make him contribute; in pro. portion to his income, to bear the general burden of the country. He hoped that the Right lion. Gentleman did not suppose that this contribution was to be made in one pity ment. It might be extended to a variety of instelnients, spreading over a period of two, three, or even 12 Months ; and he (Mr. Ricardo) did trust, that when the house looked at the effects which . might result from the execution of such a plan, they would not think it quite so Utopian as it had been de. scribed tO be. The Hon. Gentleman then went on, in reply to some observations that had fallen from the Chancellor of' the Exchequer upon a speech of his (Mr. Ricardo's) on a former night, to vindicate the several positions which they had attack ed, and to express his approbation of' the suggestions that had just been thrown out by his Hon. Friend (Sir If. Parnell.) A ME3IIIER (whose name could not be learned) contended that the Chancellor of the Excheqiier was not warranted in as. sinning the surplus at more than 3,000,0001. The other 2,000,0001., arrising out of the half-pay computation transac tion, was palpably a delusion, and could form, therefore, no part of any such surplus. Upon the whole, he should vote fot the proposition of the Right Honourable Gentleman, be cause he (the Hon. Member) was friendly to the principle of a Sinking Fund.; Mr.'IIIONCK. was of opinion that Ministers ought to aban, don the Sinking Fund altogether, and remit taxes to its amount. Mr. J. MARTIN observed, that many Gentlemen who had taken part in the discussion spoke of the Sinking Fund as if it were completely under the control of the Ministers; but the fact was, that Ministers could not touch a farthing of it without the sanction of an Act of Parliament. Mr. HUME said, that it was notorious that all the pro. positions which Ministers had made in that House for seiz ing upon the Sinking Fund had been,invariably agreed to. In that way 1iN,000,000/. had, from time to time, been taken from the Sinking Fund, instead of being allowed to accumulate. Ile would vote against any Sinking Fund, unless the principle upon which it was at present conducted were altered. The House then resolved itself into a Committee on the NI), and a conversation took place bet Ween the Honeurable Mem bers, whose names follow, whielt Owing to the low tune iii which it, was carried on, was frequently inaudible in the gallery In answer to a question from Mr.. II V3IE, • Mr. OREN FELL asked whether, in the event of the Chan cellor of the Exchequer not being eble to sell the annuities at, the price be expected, the Right Ilon.Thntleitian must not act upon the clause which he (Mr. Grenfell) had the honour of ismoduciug last year, for empowering the Commissioner; for the reduction of the National Debt to become purelascrs of pensions and annuities. Mr. HUSKISSON said a few words across the table, which we could not hear. Mr. HUME objected to the present Dill, because it proposed to continue. all the intricate machinery of the Actof last year. The Hon. 'Member also complained that it was impossible understand , the accounts as they. were stated by the Chancellor of the Exchequer ; and concluded by moving that the words " Sinking Fund" be expunged front the UM, and those of "clear surplus of revenue nut exceeding live millions," be substituted fur them. Mr. GRENFEIei, wished to know whether it was the in. tention of Government to give rive millions riot of the cons& lidated funds for the purchase of stock, in ease the present sur plus of revenue should decrease ? The CHANCEI4I,OR of the EXCHEQUER said, that if the sutplus in any particular year should be less than five mil lions, the deficiency must be made up in spine way. The loss of one year might be made up by the gain of another. It was impossible that be could state positively what the amount of the surplus would bet all that he could do was to form his cal culation on an average of former years.—(Hear !)---It was.cer. thinly an extraordinary doctrine, that because Chancellor of the Exchequer could not ensure a certain Surplus, he was not to be allowed to state that a sinking fund of aparticular amount ought to be maintained. Istr. RICARDO complained that the Chancellor of the Ex chequer, by' the Bill before the House, declared that to he cer tain which he now admitted to be uncertain. The surplus for next year might be only 1,000,0001., and y tt the House was called upon to declare that 5,090,000 t. shau'd be paid out of that surplus. • The Committee then divided, when there appeared— Forthe Amendment, - 7 ,• Against it, . „ 55 , Majority, , -" P The other clauses of' the. hill were tnen agrees., to ; the Ho u se resumed, and the report was ordered 'to be received to. morrow. The report on the Assessed Taxes' Repeal Bill was then. brought u p and read ; the amendments were agreed to, and the llill was ordeted to be read a third time to-morrow. Mr. HUME ;gave notlee,that he should to-morrow move for certain returns relative to file public debt.. • The otlier.Orders of the Day were then disposed of, and the lionise adjourned: From the LONDON GAZEVIIE, March Lord Chamberlain's 011iev, March 11,10:13. The Kirro has been I., , raciouify pleased to . promote Patrick Macgregor, Esq. to be Third Pnncipal '§erjeatit.Stirgeon in Oidmary to his Majesty. • --- 110KRUPTCY IJAII0E1). 14. 11. Martelly and 3. Dayrie, Finsbury-square, merchants from March 15 to April 12, at eleven, at the Court of Ow— tnissioners. BAN K R PTS. T. Tait and J. Tait, Dover-road, Southwark, brewers, to surrender March 15 1 at one, 25, at ten, and April' 22, at one, at the Conn of Commissioners. • Atomics, Messrs. Spence and Desborougli, Furnivars Inn, Ilolborn. • C. Niche,. Altiermanbury, dealer, March 15, 22, and April 22, at twelve, at the Cour: of Commissioners. Attorney, 141 r. King, Coptitall-eosin, Tiirojnitorton-street , 1.. Thompson, Ileaale, Kingston-upon-INR, miller, l‘larch 19, 20, and April 22, at eleven, at the Georg‘e Inn, Kingston'. upon-Hull. Atomics, Mr. Itusliworth, Hull ; and Mr.liigh moor. Scot t s-Yard, Bush-lane, Limbo. DIVIDRNDS. April 5, J. Carey, Ilagtiet-court, Fleet-street, merchant— April.l9, G. Smeeton,.St.•Martin's-lane, Charing-cross, pan ' ter—April 22, F. Forbes, Greenwich, druggist,—April 12, W. F. A. Dufour,. Berners-street, Oxford-street, jeweller—April 12, R: Bowman, Manchester, grocer—April IS,. J. Burgle, Mark-larie,carpenter—April 6, It. Barrett , l'oultry,linen-draper --April 1,, It. Brown, Sheffield, Yorkshire, , draper—A Pril 11, .1. Bond, Munsley, Hereforibliire, coppice dealer—April 11, T. Hill; bedhury, Herefordshire, surgeon.—. March 2,lt i it. Roxby, Arbour-square, Commercial-road, ,merchant—April 1, W. D. Gootleve, Wimborne Minster, Doisetshire, brewer --April 15, S. Bulmir, Oxford-street, linen-draper—April 15, 'W. Dallas 7 Cushion -court. Old Broad - street , merchan t. CRItTII'ICATILS, APRIL 2. Lee, Cluirles.street, 11orsleydown, lighterman—W. C vewmP , St. Midi's-court, Bridge-street, Ulackfriars, pain. ter—J. Giddens, Norwich. bombazine-manufacturer--T.Moly. Deux, Holborn, boot-maker—E. NVoodward, Derby, inn. Iceeper. PARTNERSHIPS DISSOLVED. J. Johnson and W. Burgess, York place, City-road—J. At kinson a nd W. Leeds,orkshire, surgeons—T. Lowe and Co. Derby, common-brewers, n far as regards It and 0. Lowe—T. M'Adam and J. Henderson, Shrewsbury, Shrop shire, tea.dealers—J. Richards and J. Harden, Deepntoor Mills millers—J. Crouch and G. Eveans, Wandsworth, Surrey, wheelwrights—ll. Bidwell and M. Bidwell, Norwich, woollen. drapers:—W. Knowles and W. Shawerass; Manchester, linen drapers. • To the EDITOR of the SUN. Sin—l request that you will correct the state ment which has apprerod in the rapers, touch ing the evidence taken before the .Magistrates at Bow.street, in,the fracas between Lord ct.A.s mounts and_ mywif {.as regard's Jhat part of the account) which says Lieutenant WRIGHT inter fered, and said Lord CLINMOItit w thild give m e any satisfactiwi I required, and my ulleged answer that he dared tot do so, and was afraid of being 314; both which assertfons, are utterly without any foundation in truth. You will also be so good a 3 to correct the pa , ragruph which represents me as, belonging to the ipth Ilussars, not having the honour to belong to that regiment,nbr never having Stated that'll did. I ant, Sir, your's, obediently, Tuesday, 11th Instant. W. WALLACE PARMA:II ENT All Y PAPER. . ------ PROPERTY Or lIIS INIAJESTI`. A BILL concerning the Disposition of eertaiti`'PhOPETTl i. of HIS ; MAJESTY, his Heirs and Successors. Whereas by an Act passed in the thirty-ninth and fortieth year of the reign of his late Majesty King George the Third, intituled " An Act concerning the disposition of certain real " and personal pioperty of his Majesty, his -lfeics and Suc '" ceSSOrg, and also of the rent and personal property Of her 4' Majesty, !lid of the Queen Consort for the time being," power was giVen to his then Majesty, his IlArs and Succes. sors, to grant sell give or devise, in manner and form therein mentioned, all and every or any of the manors, nesSuages, lands, tenements and hereditaments, purchased or. to be purchased by his said then Majesty, his Heirs or Successors, out of monies issued and applied for the tAseh of his or, their privy purse, or with monies not appropriated to any public service, or which had or should come' to his Majesty, his Heirs' or'SucceaSors, by the gift or devise of, or by descent or otherwise, fsom.any An cestors or other person not being King or Queen.of this Realm, unto any person or persons, for any estate'or estates, or ttir any intents or purposes, Itia'Majesty, his Heirs or Successors respec tively, should think fit; a►nd certain other provisions were enacted touching and concerning such manommessuages, lands, tenements, and hereditaments. . . And whereas the poWers and provisions of the said .Act tto not extend to manors, messuages, lands, tenements, or, tete= ditaments, whereof his 'Majesty, his heirs or Sucees!tors, or any person or persons in trust for him or them, was, 'were, or May be seized or possessed at the time of his or their secession to the Crown of this Realm,: and which before such accession he or they might have legally granted, sold, given, or devised, as he or they respectively might think tit; and it is reasonable that the said powers'and provisions should be extended thereto ; Be it therefore enacted by the King's Most Excellent Ma. jesty, by and with the advice and consent of the Lords Spirituel and Temporal, and Commons, in this present Parlia ment assembled, anti .I,y the authority' f, the same, that all the powers given to and' vested in his MajLsty, his Heirs and Successors, by the said recited Act, over the manors., manages, lands, tenements and hereditaments; purchased or be purchased by him or them, or coming ,to him or them, in manner in the said recited Act mentioned, and all other the provisions of the said recited , Act, touching and concerning the same, shall be, and the same powers and proyisions are hereby extended to, and . Shall - be deemed construed and taken to extend and apply to all manors, mes `iMages; lands, tenements, and herediumients, whether of Free hold or Capyhold, or Custotnary or. Leasehold Tenure, whereof his Majesty, or any person or persons in trust for him, at the time of his accession to the Crown of this Realm, ' or 'whereof his Heirs or Successors, or any person or persons in trust for them, at the time of their respective accessions to the Crown of this Realm, was, were, or. shall he seized and possessed, and which, before such accession, he or they respectiVely might Lave legally granted, sold, given or delivered. TI i i AaNI Y. Ordnance Officc, March 7, 1823. Royal Regitpeni of Artillery—Second Captain Josiah Grant, from half-pay, to be Second Captain, vice Marlow, retired on half-pay; Second Captain John Gordon, from half-pay, to be Second Captain, vice Walsh, ,retired on half-pay, Come of Royal Engincera—Second Lieutenant John Rad. .cliff, from half-pay, to be Second Lieut,:nant, vice I.lruyeres, retired on half-pay. I PARLIAMENTARY PROCEEDING S 110CSE OF COMMONS. ilia, tit, 11 ° die Mudd, 18'!3. • -, BnipoEs.....ilayling-Bill read a second time, and committed. Southwark-Petition of Iter. I Hill, Clerk, M.A. of College hill ; against. - . Roatts-Bermondsey-Three Bills ordered. Barnsley an d Orange Moor, and Stonnal, &c.-. Bills ordered. Prestwidi -Petition for Bill reported. hicLosunts-Croydon (Surrey)--Bill read a third time, and passed. Cherry Burton t York) -Bill read a second time, i and committed. i GAS LionTs--Plymouth--Bill read a third time, and posed. D Y :Aj Ork :AG P:_tiO E: f ( o ic l t lill reported: - Ratcliffe -13M read a fug Po t. ICE-Cl orbils-Biltortlered. - (1 recn wicli-Petition fatly reported, `'and leave given. , ! ... . . I it rnov t: ME NT s-Portn4lneutntinittealiret)i-1133ililliti 9 re rd ra * titled . 4 ; 1 '; -tams (Ireland) - \ .1 and passed. Cu urtert-Sbadwell--.Second Reading put 0d for six. l.ooo ' l * 1.131E1(10E 'TAXATION-Petition fora Bill, referred Committee. ' " o f the OW COURY B" KT - X NOTts-Aceount 'ordered, try Bankers' Notes stamd in the year, from the 10th Oe' whet 1821 to the 10th October 1822 ; and al o, in the • ,ter =from Are 10th October Illt: to the ,sth January 10 ; • A like Account for Ireland. ... ME . se.suu FROM TILELORDS--That'they have Agree , . 1 t° Scottish Creditont Bill, without amendment. Mansell far ASSF.S3EIVTAXES REDUCTION.-knin repo rte(l; ..,•^,-......- 0 extending exemptions of shopraen under 1.5 yea o f Liv, shopmen under 18 years of age : That 'persons Itaviris;i-ti pounded for a two-wheel carriage M a y Substitute a font! . carriage, paying only the difference of the duty : F officeor lay .. 1; annually before Parliament Copies a all Tax ifv o . . determined bY Judges : For exmnpting from Pntie s 7 h ' ree piers of houses with less than six,wmtlows, they having thir d children born in wedlock,-34ded : Dal to b e read 3 time on Thursday. an d A ..mniitted MARINE .31 I.' Tr NY-Bill read a second titne, `--- for to-morrow (this day.) M utiny .. A riseon and 3.1 I; TINY-Bill "for punishing M anu Q u arters , " for the Inner • payment of the Army lied their foe re. presorted, read a first time, to ••be, Tod 4 leciln lorrow tthis day). NOTICES OF MOTIONS for TIIIS PAY.. 31r. Cr t ; Ts —Parish Apprenticeship Laws. „ g luier; 2. Itraiuskissou—Dill to re late the n umber of 4. Pr to he taken on board British Merchant Ve4sel4. 3. Mr. Twiss--Ital for regulating the appointment is tors at Elections. 4. Mr. Hume—Returns relating to the Public Debt. ORDERS a the DAY for 'I I IIIS 1. I)ivision of C.Aninties Bill—Second Reeding.' Reiliat; 2. Grand Jury Presentments (Ireland) BillSecal" • ,3. Supply—Committee. - 4. 'Ways and Meins—Committee. • 6. Yeomanry Corps (Ireland) hill-- B,o4ling • 6. Lime Exemption from Toll Bill—lieN rt • 7. Marine Mutiny Bill—Cornrnittee.' 8. Mutiny' Bill—S_eoond Reading. ' NOTICES (IIVEN EST1;11 Weduesday, 11faiTh 12. f Orttel Sir John Newport—Copy Of Letter feint the Chie 74 40 .0ty of Ireland to the First Fruits Office, dated 14 last. Thurstia, May 1. ..A K i nd/ . 31 Calcra ft —Repeal of ',mitten's% in thallnis.- PRICE OF STOCKS • Tii ts I),t Y AT )!linkii.i:).setoic.OkCll.... .......... .:,...: .......; India Bonds ................ ~.., , South Sett Stock .. ...... .., Ohl Annititieg ........ „ ..„,,,,„. Ex. !fills.. . .............. ....,.,,,r, Ditto mall .... ........... , PRICE OF FORElFODiNivtteoSlTO)Nerecw,C4:KS7iCiloa:!r:Qt:4-4:44":1°.:14! .......... 0 1:1 AOoo`tilf Auit rian Iluss t ian { Sit per Cents. 00., ' no Neapolitan .. , I . l'i l. ks , il i v v s ' . es e e Ol . i p ' w eN er r r Et C e n t. c ''en n 'tB l. l :l B3 3, : G it e c i . t. t t i 4 5 .1 , I li i b c ' 7 ) ': 1 Scrip, 01). a ll' i °' Five per Cent. Bon* , "' Dn . :ins,: ii at n. . . . ( s s c } N : ii i . e x r ! : , : e p pk : pi ll ) srt e 36i ri r t i t ar C l : t e e t n i n i . ri el u l ri . .l l : 6l: :: ' l.,: / :po h ::_ , iiii A t(l l o ;. ,. n iit ; rlil i t i e l l in r v i„l i i r i Ab c v: a in A i n n 7N2el:w I 4) all Cent. 14 1 g: " 1 . t, 1. Ditto New, 71/1„ { i .;" TO-M°3ot TtEnißnuAt:l's.r‘ixiiah:frell:eeelSirell'lP:';..-Cl6.l:ll.:iti:it'l.:'li'it'2'lll.::";llil luil _...... lufrs ---11'7°‘1: Bank. Stalk —l 3 per Cent. Red. shut 3:pei Cent. time. 7 4 1 iii 3i per Cent . ...„ I pei eeni. C) N , ew ( Id shut 13i4 5 ?er Cents. 17 1 .1 — Bank bong Ann. ....... .. -shut Imp. 3 per Cents. — French Spnni,li CITY, TyrspAy EVPNING. Duilog last week • the sales of Cotton amounted tenderly 2500 bags, a great proportion of which was bought for exportation; and there was no alteration in its value. In Liver pool the dvmand was dull, and prices were 4 to,l The arrivals amounted to 14,310 bags, about 10.000 bags only were dispoSed of. • ' In the value of West India produce there is littlenheration. The public sales of Coffee last week were very considerable, and the whole went otFlreely, and obtained the prices of the sales matle:bypriVate contract. This day inferior quality is- dull, but the finer descriptions are fully as dear. On the 23th Feb. 1022, the Stock in London amounted to 4,100 tons, and on the same day this year it was 4,440 tons. Sugars also con tinue in demand, and the late advance'in their value .has been fully maintained. The stock of British plantation sugar on hand here on the 28th Feb. last, was. about 25,000 casks. 6200 chests and 300 tons of foreign, and 33,000 bags of East !ndia, being considerably un ler what remained over on the same day last year. Thertrbas been. a demand for rice, probably for the South of France, and considerable stiles have been effected, bitint low prices. Baltic produce is rather dull tale. In tenon , very little business has been done, and 375. per cwt. is the extreme value of St.'Petersburg yellow candle. The General of the Specula tion is as inanimate as if be had received a check-mate, and lookers on are consequently deprived for a time of the pleasure which they have been accustomed to receive from thii well played game. Hemp has declined to 411. per ton, and is doll sale, notwithstanding the prospect of a Government contract for 3,000 tons. • Rums are very dull sale, and 'are not nearly so valuable as coarse Englislispiritiare. .The trade is not, however, so ably conducted. The duty last year paid on rum in Great Britain amounted to about l i millions, and the' duty on English spiriti was about tii . millions, making on British spirits consumed in England, and on rum consumed in Great Britain, a revenue of only about 4 millions sterling. A free trade in British spirits at the present high duty, should produce at least C millions of di t ty on this article, consumed in England alone; but the great temptation to smuggling, under the . present system, prevents this benefit, and it consequently is as injurious to the revenue as it is to agriculture and to the morals of the people ; for under different regulations, one half of the duty might be remitted without any loss whatever to the revenue, and the consumption of rain by the distillers might be tripled without in any degree interfering with the produter ; of rum, for rum consumers sel• dm or never use any other description of spirits. Snuggling alone would be injured by a complete change in the Distillery Laws, for a reduction of duty would render the risque of de tection much greater than the profit. The people besides would have a really pure and tine spirit to use at half the pre sent value. This is one of the benefits which unrestricted and free trade would confer on the community, anti; the President of the Board of Trade cannot too speedily renew the useful la bours of hit predecessor on this most important subject.-- (Morning ('hronicle.) C. • Till4e4l J iev or. SOLEN "CIS DICERJ: 17.1 t.g CM • , LONDON 0,23, WEDNESDAY, Ili illWll,lll jennt the sent i ment s ofl ilihlciete‘ tenth : e: ifitt.ihliein:telolhelomNl:eaeltisivoeolsr;itonhielia,:::::!:„l:ii:s);e,,,:eoncro:sif the stri.)°Y in reprolnitio„ „f ow dilobe“1010 re, fusedand PriVates of the WO ' be r of anci Depuc to drag M. MANI: LI. frOtll Ole CillitllgriSs BIZ t these documents only :dig , ents and feelings of ti' C°(°°.lictioo 1 in direct coot° .00 to the r assumPflon that the sante slOil°ll,,otil it great b6dY of the men under their i'lliutiontil appears that 4 ; a grearotartowr o f ill° '3o,arit, have Guards,"nt "11° are respectable citi%e°s°b;jie etl. have resolved to presPllt toter' ings }rave tranquillity of hotobedient Serjeant, M. r,/,„„c„„„, „ith o tion o r his ur) in testimony of their itle'ixince conduct 1. It i s anether moinnos clre°oo,oi' of France, Old li° I :i i e lA f ' for th ties laive as yet been in3titiited tigaillst ' a ceP ' ~,at °- , , I, .'° ,committed, on so hopurb— , „line sief so flagrant a t ' • If the H' °u se of Common; by ils the por were.pos tO ' send for an armed guard, W I the sli uthority of of removing a Men,h,,, who resiofe"f iaole .. th nr ity of the House, and if, inst°d.,°,s ort'e a branch o f the Leg islatur 11l d..otely but delay, executing- th)erieratoirldirs,at'llileitlisr.flut:lllirele t"er regulars or volunteers, openlf ref 00/ a thence to their own Officer as well usel ~, the „ State, what would he thOUght " t o not lisp_ public, if the offending militarf 've)-to trio scantly put under arrest, and branghtothit ; 1? before a Court Mart.° do pa tut the most alarming appreheosionßi'n, 0 (I of the Goverment, of a general rev°l4 /