The Sun. — London, England, 1842-02-10 00:00:00

MORNING'. SUN niellxes the whole,iwhat the consumption of a country is. hid W ' -n k .slow ; suga r ; now, bere you determine that l( "Priees • are necessarily an evil, I ask you to e in Pare th e consumption of sugar in the dif enrteinretlycountries of- Europe.—(Hea r , h ear .) I re l y upon the authority of Dr. Bowring. The 110 u. -Gentleman says that in France the consumption of auger 18 .4 14. 8 oz. per head ; I will allow that 4 is 51b. per head, because there is cer t a i n b eet - root sa gas' which he has not taken into his calculation. But i n Prithce, he °V put it at th e hi g h est, the consumption sitar for each inlidual per annum, is 51b.;1 in the states of the generMl German L eague i t i s 4 l b . ; in Europe t s Y it is 2f lb. . T he consumption of Great Britain I " Hon. Gentl eman calculated at 17 lb. per annum. take the consumption of coil), of this very article.— (Ilearehear.) Mr. Hume —that is Mr. Deacon Hume, a gentleman whose loss we must all deplore—Mr. Hume calculated the consumption of the people of this country to el 5 theeuarter of wheat for each person. He calculated consumption of wheat to be 25,030,000 of quarters, The being one quarter per annesin for each individual. Iron Gentleman's Calcul at i on i s, t h at 24,0 00,000 o f the , inhabitants Consumed 45,000,000 quarters of 4r niu, that is, all ot h er kinds of grain included. 'N'"v, heg t h e House to „bear in mind, with roeffeziorrlns i e nn t p otiotnh: by artiele o f corn, that the estimate testimoi t q a . e, teens of gentlem en p ossesse d of such rattde their information, entert ai n i ng v i ews w hi c h pitie s, is so altogeth er f rt e f ro m sus that the consumption of this country, compared e ith that of other countries, is one quarter of wheat for each individual. The Honourable °tGentleman makes the total consumption for 24,000,000 e l . , l e inhabitants 45,000,000 quarters of grain, which is not ~o),,far from two quarters per head for each individual. stition of the satuee .the Ree. eentain fou t Gentleinan las given us the con- Ppas.sian States. The' Prussian_ States s um s, : r een millions of inhabitants ; and the . „,, ii ion of those States amounts to thirteen millions eet,)nesuuarte.rs of : vh eat---elaser ve , less than one-fourth the . me _ vstion in„this country.; but while the Hon. e of wheat''lculates the consumption in England as one quarter l ie : . ter annum for each individual, according to the tehernsuee.rafoeFtthil3r the inhabitants calculation of the quarter of grain inhabitants of- the Prussian . states, eheer s .) r , s , at least are barley or rye.—(Ministerial out t h e p l , h e, lion. Gentleman says that through is - th e -liss 'art States . the consumption of rye compureroportion of three and four to one when litnbi g:4l o.l:ouwheat. The consumption of 124,000 or, iitti , 001bs. rye 124 0" nf this a c onsumption of 65 lbs. of wheat to each individual. Thus, gave an annual consumption Lo e ac h - e snore than one bushel of wheat quirt' eir individual in the Prussian states, instead of one Ilsi ta i n 6f. tOleat which was the consumption of Great in; En. 0.1 lite 'Honourable Gentleman says that Need b a nu the consumption of tea is twelve th e p: Per head per annum for each individual, while in States it is one pound. The annual con- Per" ptio ! , of salt,' in the Prussian States is 16i lbs. E ngland, it is 221bs per head. The con -811111V;IS---iairin 'Mon of cotton go o d; in Prussia was four pounds and ""hi rd for each .family of .five persons, which *l3 not ill Englund, half the amount of the consumption te a amounts The consumption of woollen cloth in Prus iltrizer.i,_to two ells' and one-sixth Per head per an" a he a d . " ureat Britain it S.e six ells and a quarter It appears that the consumption of tobacco is t ° three in Prussia than in England, In Prussia it amounts eons.. e lbs. per head per annum ; Th e u eo n iPtion is only one pound per head per annum. in England the am e , n.suolPtion of butter is likewise greater in Prussia, le ed i : n ing to 2113. per head in that country, and llb. per gre at l a n ttgland ; but you must recollect that in all the s ugar, in ill cotton, in woollen, in salt, in tea, in ree nt '„ i n corn, the very article which we are at this m e this e ' °ns idering, the consumption of each individual in the N.°,lsientr.V, estimated in the year 1840, at a time when the `-';' uf corn was exceedingly high compared with thee ei o lt It :t h eese il l Preesia, owing to the command which wring clatisee had of the necessaries and t oute r • of life, the consumption far exceeded in this , w as los Y s the consumption in Prussia, where the price that is (hear, hear.) Ido not mean to suf,that -- (Le, allY argu ment now against removing restriettons iTgiving ud Opposition cheer's.) It is no argument against rtie those ,Classes an increased command over . those_ . e i giive:etiout it is an argument to shovv that it is not fair 1 th o ~r,‘,ne diminished price of food as an . argument for e t , t y it eVerite 0 f 1 f ;of that country. Information ha i s u bc o en a l s a se id s in Bel : a ule as to the condition of,the labouri ct i uring count j, , and Now Belgium is „U ' 11 tate of great man It Pre spe r3 ri '' and is represented as being in. t!...111-- cult' . -4 ? 7 4. • le this document the sy th ose ~ uOUters in Belgium ar i d L . . . is stated tet Ild. per d h , as , es_ oti g th s e'fil.g a r' yi tine (3 ` weesete at lse Is. aeettrPenters Is . . 3CIB, masont fls.t.u.3rid.i locng ksmiths goids' re . . tattlers a n d , wari , 3 „me ni t h an l u s. " 4tl e jewellers and In th. i th i s 18.8 d. Such is the. rate of Wages -illwl3.ieelagtiumin. that - la st year the mark t price .of 1 ' 'quer tr country was from 51s. 9d.to 535 . per natter. Tahi n 4t Illitviot p it Has from 51s. to 565. O' wen, the general average of th P e er p . c i!ices th o e f mount lielgium, and memparing them . ' ln epixrnant°lffec‘luargiensg inandthflaterci°enulititlu'rYal np()PtowslPtwehrsitlaYn,dilligt'l( do ' 4l. ' to me that the wages in that country,; re ent, " ° t give the same command ever the enjoy do. s s o i f life. whiek the wages reee i, ed in this country, my stn --le I refer to this for the purpose f" eotififtnPlg_ in v.epression that to look for tidy rapid or, greastena_Se ! ~t,:n eendition of the iseople of this country_ fromt ""oIYI,, t o grestavie a..lteration in the Corn laws, .wo_u e ld ve sul i t_e i you sPeale,:e " tsa PPOintinent. My firm be/ 1 • ali soluf 6 of those who are i n favour of the 1 impression ! in, thr,':•e re Peal of the Corn-laws—ray firm, total re- Peal t : . this House were to consent to that .is ta e al. ‘‘ o * iiiii i i sigtz l e g d upon their consideration, in suZlu2aettiring distress now prevalent, you would H r ) i in the slightest de. AZ' Mc ito it th e see 6 only ter4 t such disturbance of the erest 10.1 tural o d g is r t i r e e u s i s t . u — ra ( i ea in . 7 t n, fat l : vet ild, in my suri st al -es uhs, not merely p e a s, t o opinion, Inevitably ect iel o e f vi t ta li b e ly agne .lea l d . e ,, er, e yhwas id t etit ho tic se al ot \ h vt r h c t l h as ei s rs es . of There society is, whose ho n w . for u lal t a t -r pOrtion of those who are adv d -oc o advocates R I ° th s 1 rt al *lteration in the c or e-laws, who _ ,e la ss 1, but'Nh of advising absolute ieppal, of those of a' fixed a Prgse t i li t e ' , s ubstitution; in place of the r n aud e s -nt Y upon corn. With respect to e these are in t ' i t l N'oli r 6i. n a rrowed which we take. y Th almit that th ere agri euits e.etl duty on corn ,t, „ eu f n e t r e wo u u rls ki t ie . entitled dutyto protection, and in 'vit a ' _ e , ll Pon r ni , - the lmi Zortatia4L of foreign h d c t o h rn st . tlitliateve;(72 - ,,9t to those, it must be reirseln ere . „s e ilt uty , Itust uiu m to the attach es to the imposition of a *serum Nits, aeeessarily apply with equal force (I ser e, s lt i. of a fixed duty.—(Cries of t‘ No, no.") lam 4 nOt ' that Honourable Gentlemen," - the sn ore obi understand me. lam not saying Chet ~ 3p .ienoepit;!,so, to_thatii opposite t as "e t ; r e te etie n, a pplies to a fixed duty as to a vaelaute t. e t soh i 'Pi ge e, d - 1 ; 1 e- : 1 ;f i d Y ti s se a . 4 i4tp, t le imposition o f any duty on the main_ that as far as odium is a pyin cis - e nuty is equally inobsec in e -- (Tory e h • p a sc h t ie ent w , b fix ed , eering.) There may be advantag s ss , t!t the elity. dntd That is for argument--(Hear, hear)— A'aetee -rginnent against the imposition of any hear) — kequ al t er on the main article of subsistence applies With. at ti ' . 'ree to the fixed as to the variable duty.—(Bea ',).. to r e '`e otte and the other must assume that agrie,m e tll aeerequires protection—(Tory cheering) — etYle a r (eh eet e nat of the burthens which the have to bear pthritlpores(3li-soc.tionfsorofrea,sonS of public policy to encourage ton our own soil.—(l - lear, hear:) B th e B .,'Pte, it i s ttrg4;:line ground, and must be defended .by the ea m ille - .possible to say that they do net rest u on aeollea„,•--(Rear hear.) In common' with Pilesr e ; I have given this subject th 3 e r e e el and most patient consideration i and.. .if n.: • come to the conclusion that for a Tartar sh ou l t . l , dbe better to substitute a fixed duty, hi '. h l op act i , the obligatione under rage luster of the (rown, and should have t ' i l i 'l e u . c m * or n al o c u ou se : tat "ow it and to propose it to pie prini after eeif t° that o f am g l e v n i d n i a ng th t e he fu la lts , t I ""°0 reconcil e sition.) I consideratioiito m ar ,. 44 not tbil'il''.---(" Hear, hear," from the Opposition.) t of a fixed duty safte, e ueve we could impose an ftmollp Yearsiftt for the protection of domestic agriculture in dete r t`-'4l4,,(Tage supply, which would at the sane time e(4lthattir--yl7,ouitia other years the quantity or the price -. be adequate to the wants pf is the ne_ eels, • n the consideration of the question it e ,, 11 7 to ascertain what are the probabilities that this te et , 1. 3' can, from its own resourcee, supply thi s ' (Tory cheers.) I tun not prepare to edinit that - If I rtt,.,ritriy is unable in ordinary times to supply itself. grown RV judgment, Sir, from the quantity of corn " s a during the last four ewers, I should be bound to s. Teat that . we were dependent on a foreign supply for , v4tortion a our subsistence, because cluyisee the last our yearsler, to state the case fully eertatio and fairly, the average iti each u of .foreign grain was 2,300,000 quarters t o f ''" oft hose four years. And if we take the last ; . th : v.e or thirteen years we shall find that on the whole s. etdeilTPortation of foreign corn has been . very con y lie,"le, 1 think altogether twelve or thirteen mil- S' 'of uarters of foreign wheat and foreign flour. anal ce the. year 1828, the total amount of foreign wheat from ~, gn flour entered for home consumption, ss 13, 4 „"L,',' of July, 1828, to the sth of July, 1841, is .e. ai t i o ' ","00 quarters. (An Hon. Membar en the Oppo , • „, ,a benches--" In each year?" The Hon. 13,arenet .; 1,-,,,Plailled that it was the whole amount, and t : t h r k - ,, ee dc4.) This I think must be admitted also, if we '-, 54 , - a nY period of the last ten years. We cannot have 1,-3r such Period of dawns ten years during which we shall :C. 9.utte independent of foreign supply; such a period i_tame cannot leave us without, during its progress, ,ng under the necessity of importlog A supply " fOl• . '‘ ,_, elgo grain, and in that sense y4ll REV 'L independent of foreign supply. I retainl ill el the e llittien that it is of the utmost importance sz , l ie per interests of this country, that it should log, -1.041,r as passiesio independent of foreign supply.-- sle,zeiel I sla not mean test ,absolute and entire indepen '.,, f , W kickl, I know, is abeolii . s t eiy jlepossible—it is pe.r it ehi e , , , (l l n)lvtictieabidriothing, tibNipit 2 ,c,w) be so oils itus us to attempt W ism kiaes which 0-.10011 tiiillp OW Z, Q6 t ''r giving such an encourageasesse So ,efaesiei4c pp ee N.S eliould certainly secure us such an 14,94hPed , Zeuvpla‘isese. This is impossible, but, .speakiese gP -4t 81,112113.9 Wl* it is important that a country ~, -"e this whose means .of subsistence c,.. z. _*r_ e derived from its supplyhi of wheat y --I say that it is a c o c u o n u t u r t i e r) s r , it likeo utAits, ,_ :., - .:1.: iitlotottrta ed n tro t tiz t f li nip) a ro t esiei i if 're a d to itsof constant to o b b e l p its defficiency, than of subsistence,_—(Hear, hear he ard chief source Now, Sir, I - - tO doubt, to But there that falling off al transactions h that country -IF' imately inter- ;1109 period, there ,;14" etary derange' isntion of trade• ared with th e '- 3 1'. 7,0001. in the., itish produce :* 1839 there es alnountiOrl 840 the te;l4l - in O&M,: 1840, as conr,JoP 'of 3,356,09411 A ou nt for _the vlag our, exports h e year 1839,4 s than the ty the differ- 01! our commerce 41 >ir, it is very our colonial r exports to the to 12,025,00 a ,000/—(11ear.),.4 Lions with these ,ist rtes of our, sur : ur export trade L 1837 the value i; o chief sources 0001. ; in 1 838 ' ; and in 18.10, that even with ire the chief ten we stand .Ll, ipposed to b e manufactureoo u ctions is sor : accoun t of c st,, , !spect to t hose, ;1,1 1 increase i t ' d°. .(Hear, hear), T erat i on of the pression whi c !! L .; at the preseli',' causes OPre! a l gree to scrot), —(Hear , the Corn-I*°?r, ~ it is irspo Lich have beev, ) us opinions gr a : ' T h e re a ) wg• re n3oditicailitov adhere to ing any alter ii: belief that 1311 in this COuniff' fists thenisel,,sl Joni 'n So far es I c - Dng that 11,'31:eci• I f un impression in - Ail° ulturists is td etc. There Posite 01011 clification, ai absolute rer no t to feel b a t )osition on ev er :; :tabled to "at Per antage i 1 that there,s4 the s ubais te ,' od of t he Ptr'. ed for the ; °V I ves the irg; er of isten to OOP ei the. denrness A. food 10°1? ' nediatell ° I.- to be placed s on d U e,tbcl benefited if O f h t h e luboirj r) —(1-fear, enovo )i founded ar, [ridiess,--1e:0:1 the to m v for I • they 1 1 ', , e r d food in ` 1 t , my price of s u manufacture:o' drawn that r il y be pr:ifii if the pr;c°i;l [faction, u na j , pp reil! . . - A Price of ftr, est e ' tbou r ing' cl e ,) es of the iilef e necessefiecoo, and what, of the enjo,ll,oe operation °`ria of the la wr ing of the lab () .` i , e e t lit the Prilise hing tO ;a tes. h e i n this OP v s t the co- , to to that ay Hear, betirtip reduction '' e o f n the Priecorf Ise in thgeof.) asses? --' a Of appreberldt a judg' of cooo/ yoa fand befor e.' wessarily e 'al collinle, the pee bier oo atearialscili sioe, c tee 'Which the th e idenee 01' ;ent leto *3 o 4l dor" , j ; been ip !onaadttee!fille, ,ideek:sief usyrans 'with ) ve e 00511910( tbe of sulationiet Soo', begin and ` t ; c le f ' at corn 1500 e, the er t ° lo et o g reat ! ' qtr.) on te49,..001e t r ut the;ate° ch cons .44 rid iri ap e} e a nt * PerTroo diff e° io nd 41(3,iliteitr,) (11eisr“ .oest ard o,ieto the „ttl, this coll•,,o, Alen for Otieloj, ere their of what 'l°,ol Gentiewt in sAyo, th:008 r 90119 C ~90 rate of 0:1 00 , lut th ° thBis coo 00 08 11 Y:0 I R d it b t ' sP `v . ill hat it *PP:rido )tit 3 5 P ° 00 , lg Ands take a 4,4 e ve aisfitrel, feel pertecoii(„4 str ess Prey Jo certaiali 0 5 di"jsvfoi sugar* h• the °0 ae psf Vitt 11) "-g rt the .%e ti oor t ' a sta. lt -Las e t io.y o tt d el o ral' al lej" p , s to site/411j °f- gal againstut for r aud tb o e ug p h u t r , po i s n e - tO be u a d d i oTted; b any indirect pr o t ec ti on f or agricu l ture, I cannot m o y f opinion,getting be. a party to the proposal of such an altera tion.-(Hear, hear.) It has been suggested by some that the sellers should be bound, under 'a penalty, to make a return of the corn sold. It is difficult to fore see what would be the effect of requiring, under a penalty, any farmer who might sell a certain proportion s of corn, to make a return of the quantity sold, instead of the return made as at pre sent. I eanceiVelliat - the greatest, and only: effectual, security against fraud, is to diminish the teniptation td commit it. Any plan that will remove motives of self-interest will constitute a most effeetuat security: The proposal of h er M a j est y' s Government-with respect to taking the averages, is this :-They will propose to take the averages ' in . the present mode from the factor, or miller, or mirchaser-the , party. who now, under the existing law, makes the return each- Market day of the w h o l e o f - the purehases 'he . Isis made during the preceding week e and upon the' w hole we can see no advantage in departing from that principle, namely, of making the buyer of the corn re- - turn the amount of sales of the preceding week. Trusting to these alterations, we shall make - a levy of the duty for the purpose of preventing fraud. We shall propose that the duty of collecting the returns shall be devolved upon the Excise. The Excise is perfectly competent to undertake it. They have officers employed in the market towns, and such officers are qualified to discharge the duty, by having similar duties to perform enabled at the same time to perform the duty by their general habits of business, and the responsi bility they incur on account of theit being public officers, giving, by their character, and that of their occu pations, greater security against fraud than could be given . by any persons in a private capacity.-(Hear, hear.) We propose, therefore, that when the- averages have been taken, they shall be collected and transmitted by. an Excise officer. Another security which we propose to take, is to widen the range from which the returns are to ' be taken. At present there are 150 towns mentioned in the Corn Act from which returns are received; from this number of 150 many considerable markets are excluded. We propose, therefore, not to take - any discretionary power for the Executive to add to the num ber of these towns, but in the Bill which we intend to introduce we shall name several populous towns, which are now extensive corn markets, which have hitherto been excluded, but which we propose should be now in cluded in the list for the 'averages. Thus, by- increasing the number of places from which corn returns are to be collected, we shall obtain greater security against the averages being improperly influenced, while at the same time we shall gain a nearer approach to the actual average price of corn, than we could hope to obtain under the former system. It was thought proper when the present law was passed to limit the towns from which returns were to -be made to those of England and 'Wales. I propose to continue this limi tation, so that although I propose to add several towns, the towns added will all be situate in England and Wales. An • HoN. MEMDER on the Opposition side-How many - towns are to be added? Sir R. PEEL-4 will name them all in the Bill. I propose to add those towns which have hitherto been exL eluded. Although we propose, therefore, to prevent fraud in the taking of the averages, first, by widening the range from which the averages are taken ; and, se condly; by employing a responsible officer, acting under the authority of a public board to make the returns, we - More particularly rely, as a prevention of fraud, upon such an alteration of the duty as shall diminish the temptation to it.-(Loud cheers.) I trust I have made myself - sufficiently understood by the House as to the alteration's I propose to introduce in the method of tak ing . the . averages.--(Hear, and cheers.) I now ' approach that much more important subject, in fact, few - subjects can be of more importance, the amount of the - protection we proposed to give to corn, the produce Of this country, and the manner in which-we propose to levy the duty. At present the-House is aware the duty depends-(Here there was considerable. interruption, the cause of which we did not apprehend.)-The Right Hon. Gentleman re sumed. At 'present the duty on corn is levied in this manner :-When the price is 595. and under 60s. per quarter, a duty of 275. is levied. It then diminishes at the rate of Is. of duty, with ls. increase of price, until it arrives at a price above 665. and. not above 675. when the duty falls 2s. for every ls: rise of. price until it reaches above GBs. and above 695. when the duty is 16s. Bd. At 70s. per quarter the duty is 13s. 9d, ; at 71s. it is 10s. Bd., then it falls 45., and at' 725. it is 6s. Bd. At 735. it is 2s. Bd., and when corn reaches a higher price that that per quarter the duty'is is. per quarter. Now, Sir, the objection to this mode of regulating the duty are these:-First, that the reductions of duty are so rapid, that they hold out a temptation of 16s. Bd., up to the price of 703., for a fraudulent operation upon the ave • rages ; this temptation operates from 665. to 73a. From 60s. to 735. there is an increase of price of 13s. per quarter, but there is a decrease of duty of 255. Bd, which makes an under current of 38s. Bd. in a single quarter of corn, for combining to raise the averages between those prices. This diffe rence between 60s. and 735. is an inducement to retain corn for the purpose of affecting the averages. At 665. - the inducement to retain corn in the hopes of a rise in its price is 4s. on account of its price, and. 10s. on account of the duty, being an amount of 14s. in the price of a quarter. Between 70s. and 735. there is a difference of 35. - on account of price, and 9s. in point of duty, being an inducement to retain corn at 70s. in the hopes of its reaching 735., of 12s. Now, it his been urged that these rapid rises in the price is in jurious to the consumer, is injurious to the producer of corn, and injurious also to the revenue. It has been said that it is injurious to the consumer, because when corn is at a, high price, between 665. and 705., and when it would be to the public advantage to liberate it for the purpose of distribution, still, by the joint operation of an increased price and a diminished duty, holders of corn were induced to keep it back, notwithstanding the high price, in hopes of realizing a price' upwards of 735., and of pouring in corn at a duty of Is.=-(Hear:) It has been said, that it acts injuriously to the agricultural interest, because it is a temptation to keep back corn until it can be suddenly poured in at the lowest pos sible amount 'of duty-(Hear)---when the agricultu rist loses the protection which the duty gives him. It has been said that it is injurious to the revenue, because, instead of corn coming in' at a pe riod when it might, under some other modifications, or under a fixed duty, be sent in for consumption, it was re tained till it is brought in at a duty of is., by which the revenue loses the amount of the difference between that amount of Is. and the duty that might have other wise been levied. It had been said to operate injuriously with respect to the trade and commerce of those dealers in corn produced at a distance, because those producers being uncertain what would be the amount of duty on - a cargo of American corn on its arrival in this country, such grain is placed at a disadvantage, to which corn brought from parts in the immediate vicinity of ' England is not subjected.- (Hear, hear, and cheers.) ' The pouring in corn at a duty of. Is., therefore, may so diminish the price as to increase the duty on that corn which a speculator had entered into at a distance, that the speculation may be entirely defeated by the holders of the corn grown at a distance, finding an amount of duty, on its arrival in -England, which they had never contemplated meeting. These were the objections that had been urged against the rapid transitions of duty, and its rapid rise inversely with the price. Now, Sir, one object will be in applying a scale cif duty on corn, to diminish, as tar as possible, con. sistent with the principle for which they contended, the temptation to fraud, and the retaining of corn, The agriculturists ought to observe what is the effect of a Jaw which permits the importation of corn at is, duty. In thp year 1840 the total 'amount of wheat imported for home consumption was 1,728,000 quarters ; and of that amount 1,261,000 quarters were entered at the duty of Is. In 1840 the total amount of wheat entered tiir home consumption was 2,000,000 quarters ; and of that amount 1,217,000 were taken out at a duty of 2s, lid, It is not merely to the amount taken out a duty of le ! , or of 2s. Bd. that we are to look; we are also to look at the time of the year at which these duties were paid. That is a matter which it is very important we should oh- Wee, In the year 183$, the corn so taken out at a duty of le, Was taken out in the week following the 13th of September, In the year 1840 the corn (Own out at a duty of 2s. Bd, was taken out op the ‘veels fol , lowing the gli of September, 1 each. or those years by far the greater part of the foreign wheat wes taken cut at the low 'duty of Is ; or of ?s. Bd. 'lint it was taken out at the critical period just before Or Carmen in the-greater part of the purities of England had thrashed their corn for the purpose of bringing it, to 11141'10::,-(fle4r, hoar,) Theie i\rttS therefore a sudden critical period, 0 depression in the pripp of porn at that account of the quantity of foreign corn Oat was poured in at the IoW amount of 'ditty, which met the liFitiah guppy i ll the market just at the ' time he was thrashing his popn for the pprpeep of sale. And this told With 4 peculiarly 1142114) 1 411e ei*et upon the fayineys in the north of England. As their harvest was so late, and as they Irma oMigett to brhmig their corn at a late period into the market, they were peculiarly ex poged to the disadvantage of having to contend with a FlOPli influx Pr PPM? IV heiik fur the prime Of new pfairen into the motet at the lowest rate of duty which it wig possible to expect. 'Piet consideration alone, it appears tp me, ppgh( tp weigh with giro 41;110 are the most zealous advocates of protection til egricul terse and induce them to listen with favour to a modifica tion pf the ptisth - tg law , It appears to me that a modification 0 thet laW woulul he equall i y edvantageous to the egriceltural interest in that rpm, its it would be f 4) WIT e ther (lass in the country.-(Hear, hear t ) Now with the permission of thu tlouBe T shall_procced in the course of a few minutes til reed tp the _Muse the ecele of duty which we propose to epply,-(Hear, hear.) That ss ela pe ditty is ileyiSed with a sincere desire to afford to agricultuke, and h the egvleplterel intereet, every protection which it can legitimet,ely . cleim,--,-(Hear.) But t at the same time, it is a, settle devised for the pur pee, wife}} foreign eerh is required, of faelliteting, as far he possible commercial ipteeepureelyith yespect to corn, and of subjecting dealings in corn to the same princi ples whiff regulate all other commercial transactions. Nothing cap - bp more calf than to iletryinipe the amount of protection which honap pfotiliep .is entitled to.-(Hear, hear.) I should be afraid to mention what I sold ld think a temunkating Klee, beeause I know that t etisafide qtaeemesteeeo {Mist be taken into itcon siders fenbefete it can ( 3 ," see} What sum would or would 1 .4 l w a fpgpwraing price Or the agriculturist ' On dis cussing a scale withiliebbject of Oving tt just and sufficient encouragement to domestic agriculture, s'ou must take a comprehensive view of the general productions of the country and of the circumstances attending the growth of wheat and otliffprodee ; another element is to deter lAl6'O #1. 1 4Vr4 '''' efo 4gb porn m i t t be permitted to enter iiite 66 pgiitithf"wit4 4 6iii . p.. 'Lice. - But to dr4w ' ate' " lits'en from the aft aOar cone } , ,,,comparison of these de menq, i s9 ,q6oiligly diffe:tile,' seeing that various °pi -I,i,A ! , ; - it Werill, 94 t,.?it . 444.1 vw - . thus .he founded 4rlll time RpFPl4iPli pr 94144 !f *freer Of .com - r form this inference, as I said before, from what_has taken place during the last four years ; and, looking at what has occurred, I am bound to' admit that this country was dependant on others for a consi derable portion of its supply, because, as I have before stated, the amount imported during that time has been on the average 2,300 quarters a-year. But let us take the last ten years, and let us see what was the average importation during the first six of those years. During the first six of the last ten years, the produce of this country was sufficient for its own consumption. During the first six years of the last ten years the average importation of corn into this country amounted only to 137,000 quarters. And that having been the case during the six years of 1832, 1833, 1834, 1835, 1836, and 1837, it would be too much, I think, to infer that the population had so rapidly increased with reference to its subsistence, that you must altogether abandon the hope of deriving sufficient supply from your own agriculture. Within the last ten years the popu lation of this country had, of course, considerably increased ; and, during the last four years it had been found necessary to import foreign corn, but during the six years preceding, the average produce of the country had been sufficient for the consumption. lam not prepared, therefore, to admit the conclusion, that there must necessarily be a periodical and annual importation of foreign corn to supply the deficiency in this country. And therefore. Sir, in determining our duty, we had to provide fOr periods of comparative abundance, as well as for periods of comparative scarcity.—(Hear, hear.) Six years of good harvests might again recur, during which the produce of the country would be sufficient for its own consumption. If they did recur, then I fear that the effect of a fixed duty would be that the un limited right of importation, at a given amount of duty which you would always undertake to maintain in times of scarcity, would ' subject this coun try to severe distress and suffering in conse quence of the excess of produce, the fall in prices, and in the remuneration for labour.—(Hear, hear.) Sir, it has been observed by writers of the highest authority, that unfavourable and favourable sea sons return in certain cycles—that you will often find, looking back to the produce of several years, that years of favourable harvests on the Continent have been gene rally found contemporaneous with favourable harvests here, for the great producing countries of Europe are within the same parallels of latitude, and are affected by the same climate ; and it will, therefore, be found that abundant, or scarce harvests prevail through them all at the same time. Now, where there is an abundance, the consequence of a slight addition to the quantity of corn produces 'an effect on prices very different from the amount of excess. Mr. Tooke in his work on prices Lays down the principle as follows :-- " It will be found that prices vary in a ratio very different from the variation of quantities, and that the difference of the ratio between_ quantities and prices is liable to alter according to the nature of eommodities ; but more in the case of corn, probably, than in that of any other article of extensive consumption." Mr. Tooke also' makes a comparision between defective and abundant harvests in this country and those of the Continent, and the conclusion he comes to is, that it is genet ally the case that deficient harvests here are accompanied, by deficient harvests in the chief producing countries of Europe, so that an abundant harvest here is an indi cation of an abundant harvest on the Conti nent.—(Hear.) While, therefore, this calculation shows w hat supply we might look for from other coun tries, it also shows, that at a time of unnatural depression, we might receive such discouragement to our native productions, as to make us dependent on foreign countries, a result that I should deplore as- a great evil.- -(Loud cries of " Hear, hear.") It is urged , on the other side, by the advocates of a fixed duty, that the consequence of imposing a fixed duty would be to prevent those great alternations, and that although it might be difficult to maintain a fixed duty if there were periods of some scarcity, yet that the tendency of such a law will prevent such a scarcity, and the occurrence of such a contingency, in which the difficulty would principally consist. Now, all experience seems to me to show, that with respect to corn, such fluctuations in produce and in price must be I impossible to be remedied by legislaticn—(Hear, hear) --that no law that you could pass for the free im portation of corn, in case of deficient harvests here and on the Continent, would prevent a rise in price to such a point as to make a fixed duty tolerable. Ta're the United States, which are not subject to the operation of the Corn-laws, and there you will find the amount of fluctuation in price arising from the fluctua ti.ai of the seasons to be' as great as that prevailing in this country.—(Hear, hear.) In Prussia you Kill find, with respect to rye, a species of grain not affected by the Corn-laws, that in consequence of the fluctuation of the seasons as great a fluctuation in the price of it takes place, as in the price of any other grain. If the fixed duty be Bs. or 10s., and if your anticipations, that by legislative enactments you can guard against the rising of prices be not fallacious, and then prices rise to 80 or 90 shillings, I retain the impressions I stated in the course of last Session that 'no Government could undertake at such prices to enforce a fixed diity.—(Cheers.) If that be admitted, you must make' some provision- for its relaxation. If you entrust the power' of relaxation to the executive authority, you introduce immediately uncertainty into the operation of the law. You give a power capable of being abused, and most difficult to be exercised ; and if this be so you destroy that confidence in the permanence of your trade which you rely on as the great encouragement of trade; and therefore, with reference to a fixed duty, as applicable to the state of the country when there arc low prices of corn, or as applicable to a state of scarcity when high prices prevail, I have come to the conclusion after fully considering the subject, that it is not advisable for Parlia ment to alter the law and apply the principle of a fixed duty.—(Loud Ministerial cheers.) The alteration of the law which I shall propose will proceed upontheyrinciple of retaining a duty upon, corn, varying inversely with the price of the article in the whole market, that is, the principle of the existing law. The maintenance of that principle necessarily in volves the principle of the system of averages. It is said there would be great advantages in sweeping away altogether the system of averages. It is quite true that it might be competent to abandon the system of averages with respect to the imposition of a duty on corn : but you must maintain a system of aver ages, because the whole ofyour proceedings are founded on a system of averages; it is impossible to abolish the system of averages, because the annual payments are founded on the accounts of the averages. It appears that as the averages must be maintained for the purpose of tithes, it would not be expedient to adopt any other system materially varying in prin ciple from that for 'determining the duty on corn. I am not saying, because there is a system of averages for the determination of tithes, that therefore we must apply it for the purpose of determining the duties on corm I am merely stating, that you cannot dis p:mse 'with averages while your tithe commu tation exists. I say only that if you come to determine the amount of duty by the system of averages —seeing a system of averages is necessary, because it might be encumbent on the one hand to have two sys tems of averages in the country at the same time ; and it would be inconvenient to depart materially from the principle on which the averages with 'respect to tithes are founded,—l propose, therefore, as necessary to a varying duty ,to retain a system of averages. It is the general impression throughout the country that there has betrii great fraud hi respect of the ave ra g es --a very d i s rics, ge t rer t al impression, particularly in the a g ricultural that there has been either great frauds practised on the average, or that extensive combina tions have been en t ere d intlBfor the purpose of influencing the averages, and procuring the release of corn at this lower prices, In Leeds, Wakefield, and other p arts of Yorkshire, t there have been great and successful combinations. or b _ he prett nth inclined to think that the apprehensions uupons ud efo pose of influencing the average s . ' As Is a ,subject may not be altogether without foundation, but I thiak that the apprehensions which have been enter- Sir, if I take the averages alp siN )yeeks in the _ tained are gaeaq e?faggerated.—(Hear, hea y r e . a ) r 1 1N 84 7 ; if I take the aggregate averages itc the kingdom for the six weeks ending the 6th of August, the I.Bth of August, the 110th of August, the 27th of August, the 3d of September, and the lOth of September, the ave rages of the kingdom for the whole of those six weeks was 735. Id. Now, if I exclude London altogether from the ayerages, the general average would be 725. fed„ in place of 'Ms, Id, If I exclude the Yorkshire market, the general av erage for the kingdom would be 71s. 11d. It is probable that the raising of the price in the London market may have the eftept of raising the prise in the other markets ; but; as far as you can judge from the figures WWI returns, I think that the apprehensions that there hare been very extensive frauds with respect to the averages have Wen t as sad before, not altogether unfounded, perhaps, but that they have been greatly exaggerated, It should be remembered that the price of corn in London was higher than la Leeds and other parts of Yorkshire, and, therefore, they pc,* draw pi necessary inference that great fraud had been FFfketi,Sed i)PCKLIAR the London averages exceeded those of OW places ; For instance, from the 13th of August to the 7th of Sei4EuhfF? 1886, tip) weekly average was 735. The exclusion or the London caarly; could have made no difference. In the year 1840 the aggregate average from the 24th of July to the 20t Of August waa 795, 2d. ; the average, exclusive of the London market, *44 70s. lid., but that difference made a great difference raised average,th in the amount of duty, The duty upon the aggregate average of 70s. 2d. would have been 2s, ad, ; but the said before, as the exclusive epriee of, corno f t the London Market would have j i mi n iease f v e tneyFt price ofil);Pg.inSditOni3doUnt tilisePh'ig4hserT than in the country markets, yea Itnitft not f rso ri t iveg f dl r a o Itmvh the utmost circumstance. But, Sir, various proposals bare been made with respect to the amend tritm4off‘egs t Government, I thioncoktsyt p tre4Fltsipa ....... i p i r f o lar p op o urt s t :l h s ge N er v 4 h Ael ic Fa l a i i re agreement in this, that whatever system is devised fraud should as far as possible be prevented— kCYles of " Hear, hear," from the Opposition bPthcbPor) It 4 R4YOP-4 by some that the returns be taken by the adort„ resent th . e growers. That is P' . 9l 3 P . gal which it is impossible to eturns of corn sol are inimitted ipto 'the •' d cr* a very material effect in r aisin possible to ! . `irrag* N I P II4 P r r_ rash a the Irish and course NAPPtPit avoid ~} have 4 , ; rust state that I think we ought to guard as far /igc! ,. ""itliP fraud ; but I do not think we ought e i ffect Atib i eaSe . of Dr --* vat;?, 6: 6te u i r , t i l_e_p r by any indirect ope it to come direct only rk r on 4 : 1, 7 .4,9, , y r ipk,T a lte encouragement of domestic a 174 not be fair to p;, (4 ,4 e - ru'r . gon with respect to the averages, • ptotee9cli apu hYEY sllgges preventing ONO, Various alte s iat e / c 6 c n e s P i t n ' '' 'l h' / 1.1. Ye ` v e f averages may be Made w hio . P of effect, which, if they are , that e § s ar, 10P tie pwitgoe TEE SUN, LONDON, THURSDAY, FEBRUARY 10, 184`z . iplicated_dcgills. But with respect t o t h e a f Ido ~not_ 1, think there would he - iiiiish::difficurty-inAeternining tin`` what would be a fair average, and a satisfactory priceto the country at large. Now, if you take the average 'of the prices of wheat, which formed the Tithe Bill-the average of seven years, on which that Bill was founded -l-+ you will find that the average price of wheat was 565. 10d. a quarter. The average of the last ten years was 655..11d., but in this average enters the average of the last ten years, during three of which corn was higher than I am sure any one wo u ld w i s h to see i t aga i n. - (Cries of "Hear, hear.') F or myse lf , I s h ou ld say t h a t so far as .I ran judge for -the agriculturists; I believe that if they could be secured-in' a pr i se a ti nt i s eh es s b e t w een 545. and 58s. a quarter, they wou ld n o t o bj ect to t h e ad mission of foreign corn. Taking the average of the seven years which was the basis of the Tithe -Bill,sand taking the average of the last ten years, but excluding the three years which exhibited the-`ext r eme 'portion, you dg e, will is a fair find an a remuneratingver ageof 56 p s . ,wriheeic,les whicho fa riass should not wish to see exceeded.-(Cries of " Hear, hear.") I cannot see on the other h and any advantage, consider ing the circumstances of th e country, and the ex i st i ng relations between landl or d and tenant, and consider i ng O c uld judge, n - the happiness of the country-I cannot, I say, see any great advantage in any diminution below that amount. I am of opinion that the variation in the prices should be limited to some sum between these extremes.-(Hear.) But, as I said before, any calculation of this kind must be vague ; and I say that I beg - to disclaim it as a pivot, or as at all times a remunerating price ; nor do I consider it a question on which the Legislature can de, termine with any accuracy, for I know it is impossible, by legislative arrangements, to guarantee any particular price of corn-that by a fixed duty or any other you can guarantee to the production of corn, a special price ; foreign abundance ev en at home may so reduce ! the price as to put it beyond the power of legislation.- I (Hear, hear.) In the year 183 5, w h en you h a d w h at some thought a nominal protection of 645., the average price of corn did not exceed 395. If you hope to ensure to the ag,ricuiturists any amount of protection, or determine that a' certain sum must be given for corn, you are countenancing, I say, fallacy and delusion, if you hold out a hope of this kind.-(Hear, hear.) The quality of land, the rents paid, and a thousand other considerations, enter into the question, and therefore nothing were more vain than, in particular cases, to determine what is a remunerating price for corn.-(Hear, hear, hear.) The same difficulty occurs in regard to what shall be the rate at which foreign corn can be imported with ad vantage into this country. In the first place, it is neces sary to ascertain the quantity ; and in ascertaining the price of corn, the quantity must be particularly regarded: The price of wheat and the distance of the country ne cessarily. enter into the calculation, and therefore it is almost impossible to determine what is the exact price at which foreign corn can be brought into this country. I will proceed now to read the scale of duty which her_ Majesty's Government proposes to place upon corn.. We propose that when corn is under 515., a duty' of 20s. shall be attached • but in no cas e s h a ll th a t. duty be exceeded ; when it is from 51s. to 525., per quarter, the duty shall be 19s. ; we should then propose to make what may be called a rest in the scale, for the purpose of applying to the three next items of prices the uniform duty of 18s., so that when corn was from 525. to 535., there should be a duty of 18s. ; from 535. to 545. a duty of 18s. ; and from 545. to 55s , 18s. Then from 555. to 565. a duty of 17s. ; from 565. to 575., 16s. ; from 575. to 58 5 ., 15 5 . ; from 58s. to 595., 14s. ; rom 595. to 605., 13s. ; from 60s. to 615., 125.; from 61s. to 625., lls.; from 625. to 635., 10s. ; from 635. to 645., 95.; from 645. to 655., Bs.; from 655. to 665., 7s. Then with respect to the three next items I would apply the duty of 65., so that when corn is from 665. to 675. per quarter, there shall be a duty of es. i from 675. to 68s. a duty of 6s. ; and from 68s. to 695, a duty of 6s. We then propose, when corn is at from 695. to 70s. there shall be a duty of ss. ; from 70s. to 71s. a duty of 4s. ; from 71s. to 7.25. a duty of 3s. ; from 725. to 735. a duty of 2s. from 735. to 745. a duty of Is., and that at 755. the duty shall altogether vanish.-(Cheers and laughter.) What I propose, then, is when corn in the British empire is under the price of 51s. the duty should be 205., and never x c as I am perfectly satisfied that i s to take any greater amount. et wouldeed thatb be amount, useles The duty when the price of wheat is from 565. to 575. will be 16 , ., and from 60s. to els , as I said before, 12s. I apprehend that the effect of this scale will be to diminish the temptation to practice on the averages, and that when the price of corn has arrived at from 60s. to 615., there will be no inducement, on account of the duty to keep back corn from the market. It must be recollected that there will be always an inducement ton certain extent to hold back corn, for the purpose of realizing a greater profit. If the markets are rising, and there is a prospect of the price rising to 735;, there may be a considerable inducement to hold back to take advantage of the rise. To attempt to remove altogether every inducement to hold back would be useless, but I trust that the proposed scale is so arranged as to hold out no inducement on account of the diminishing scale of duty to hold back corn from the markets,-(Hear.) I now wish to call the attention of the House to what has been the effect in the articles of oats and barley, of a more practical reduction of the duty. In the case of wheat, the fall in the duty is so rapid, that it offers a temptation to hold back %heat until it shall have reached such a price as to be admitted at the lowest scale of duly. By far the greater amount of wheat has been imported at the lowest duty. In Barley and Oats, where the fall in the amount of duty is more gradual, the same results have notfollowed. Of 3,513,000 quarters of oats which have been imported, 248,000 quarters were admitted at a duty of Is. 9d., 695,000 at a duty of 3s. 2 . d , 243,000 at 4s. 9d., and 940,000 at 6s. 3d. Such is the effect of a gra dual fall in the duty of Is. 6d. I propose to apply the same pr:nciple to wheat, and by applying that principle to wheat, I consider that there is every prospect that wheat like oats will be taken oat at a higher rate of duty, that the revenue will profit accordingly ' and that the commercial and agricultural interests will be equally benefited .by. wheat being taken out of bond when the legi timate demand requires it.-(Hear, hear.) Sir, with respect to the other articles of grain, I propose to adopt the proportions I find in the existing law. The proportions in the existing law are, that assuming the value of wheat to be 100 s., the value of barley is taken at 535., .the value of oats is taken at 405., and the value of rye, peas, and beans is taken at 50s. If it be ass sumed that at a duty of 56 5 . f or wheat, a duty o f 16 s . s hould apply, on barley a duty o f 9s. ought to apply 1 when oats are at 225„ a duty o f a b out 6s. 3d. oug h t to a pply ; when rye, peas, and bean s , are at 325., a d uty o f 10 s . Sad. Now, I am not at all aw are o f any reasons w hi c h exist for altering the proportions with respect to other kinds of grain, which we find established by the existing law ; and' I propose, therefore, that in adjusting the duties applicable to other kinds of *grain the existing proportion of the Corn law should be applied. The schedule of duties which I shall propose for those several articles of con sumption will correspond with that relation of price. In the case of foreign oats, I propose that the maximum duty should he Bs. .Probably it is scarcely necessary that I should read the whole in detail, but in the case of oats I propose that the maximum duty should be Bs.; that it should fall with the increase of price, that it should fall to is., then that it should fall to 65., and continue at Gs. for the three items of price, 215., 225., and 235. ; that at 245. the average p r i ce o f d uty s ho u ld be ss, i that it should continue to d ec li ne as th e -prices increased by Is. ; that the extremes of' variation of duty, should be tas„ and the duty of Is, should be the minimum, and be continued when the price of oats shall not exceed 285,-(Hear, hear.) In the ease of barley, I would propose that under 265. the duty shall be for every quarter 1 15.., that being the maximum ; that between 265. and 275., the duty shotild he 1(Is 1 i at Wraii and under 305, 3 it alieald paatiaue at ,s, ; that at gOs, and 81 5 1 It shOuld be as„ and so on until 87s. and upwards, when the duty should be decreased Ito Is, ' In the ease of, rye, peas, and beans, I pro ' pose that the same proportion should be observed. I do not think it necessary to read the scale that will ups ply to rye, peas, and beans, particularly as it is. founded on the same principle. The law which regulates the importhtion of' Bridal' e‘klental wheat at present is to tills effect ;-]British colonial wheat and flour has been imported into this country at a duty of British 4s. whenever the p_rice of wheat is below 6rs. When the price of -liritish wheat excaeds ttl's. it is then admissible at a duty of ns. 6d. I propose to give the same advantages to colonial wheat, with respect to the reduction i n v a se , as is applicable to other descriptions of grain, But, con. sidering that the sudden drop from ss, to sixpence, in consequence of the difference of ls, in price, is at variance with the rin 1 ()iv 4 . , of the law which seeks to establish as equable end uniform a reduction of duty as possible, we propose to make these arrangements with respect to colonial wheat-that when the price of British wheat is under 565, the duty upon every quarter of British colonial wheat should be as. i w h en it Is 456. and under 50, the duty to he4s,i at Hs' and under 575. the duty to be as,; at 575, and a ta, d under • sBs the duty to be 2s, • at . - s and upward s the duty to be Is.; and s this is to take awa y t hat sudden fall in the amount of duty upon 1 3 410Altil wheat which takes place MOO tilt' mstie.g law, thu s g i v i ng to coleaial Wilpo the advantages AI mluotion which given to other descriptions of earn, With re• are rtiPoso the spect to flow, I should p „ calculation . that -Iwo, and enable it to be exists with feallaat ICI relative NN scale admitted at the same . Sir, I have put the house • admitted. I believe, . est ~ in full h er Ma s Government intend possession of what . ..), you to propose on this pivot, It compare the reduction in the amount of duty w ith the existing duty you will bl Those find it very eausidera e . , who think that Ipropose the modification which existing law is of no importance, a.. I would ask- to compare my scale with the _le of duties on the ad mission of foreign corn, whlh exists at present, When corn is Os, and under_n 3 . , Per quarter, the pre sent duty is 275. Bd, Fain 5 0 US , t t e he tiOs. the duty which I ‘ propose is 13 s , At 5 s 'existing duty is 365, lid„ increasing " corn falls. Now, instead of that I propose a duty . e s at 50s, the quarter, that duty in no case to be iner 4. eq, .. t IQs, I propose a duty of 16s. At host the present duty is no less than 265.; the duty which T Pvil'v 4 at that Frio is 12s. At 635. the ditty whieh 1 propose , s 98., the existing duty being aas, ad, At 645 : t 22 duty which I propose is g 5,, the present duty sr in i g nstea s d Bd. The existing duty at 70s. is 10s. a" , ~, „ °l' which 1 pr pose ss. Therefore it is impossible dint huh Rug aoa l ph ri g the duties which 1 Ittqclv% 71.4‘ IeOW which ex i s t a t 'present eouid any 11 t at there is a very considerable de crease. But it is a decrease of protection, which I think the agriculture can spare consistently with justice to all. -(Hear, hear.) If the agriculturists coma ra Il? pre sent nominal dutie4 Witll lose / 1. i .9. 1 - I - Topoie, they will perceive ihat tile re", l i c • ,9.n I t ! •ndt diminution of their prb6etio'n ; pt 1 tt.ilnk a Octilture can afford to part with adio b the ,P * e l t a lcia( t _ i s i'lliali it aseaaives, and it is just that prtrti9;%°.lll aa itnaaia - aect 4 CIO not retain tV protection 1 %; !• t ! .,, ,,liv. 0 • 017 puocwg T lit4 interest . .. 2( cy, hectf) 'v'ciAtVi:git wanw be vindi , ANTI-CORN-LA W Upon such gr9unds.-- 7 (Hear, hear.) It is only ,lustxfial~ .hen is . corinected with the general good of all clas ses o f the conimunity: 3 would not be a friend to agriculture if I protected it for the sake of propping up rents, and maintaining- a separate interest. —{Hear, hear.) I disclaim any such intention. It is my belief, and the belief of my colleagues, that it is `important for this country—of the highest importance— that you should take precautions that the main source of your supply should be derived from yourselves. That any additional duty which you pay for that purpose is an ad ditional price, is one which is not vindicated as a bonus or a premium; but you are entitled to place a dutypii foreign corn, equivalent to any special burdens which may be thrown upon your agricult ure . A ny additional protection you may give to agriculture after that, I am willing to admit, can only be vindicated on the ground, that it is for the interest of all classes.----(Hear.) But I consider it is the interest of all classes that we should pay occasionally a small additional sum upon our • own domestic produce, in order to oppose a security and assurance against the calamity which will ensue, if you are altogether, or in a great part, dependent on foreign supply. My belief is, that these alternations of seasons will take place, that what ever laws you pass you will find occasional deficienciey, that you must expect the harvests of: other countries to be deficient at the same time with your own, and that if you are yourselves dependent on those countries for some such importation as four or five millions of quarters of corn, should the calamity of a deficient harvest be a general one, in that case, if you depend on them, the interests of self-preservation in each country will prevail, and there will be impediments placed in the way of exportation of corn, and their own domestic produce will be applied to the sustenance of their own inhabitants. I certainly could not be a party to any law passed for the special . interest of agriculture, but only to one for the general interests of all. Nor can Ibe a party to any law the effect of which would make that country permanently dependent on foreign countries for a very considerable portion of its supply. You must in a series of years be dependent for a portion of your ' corn ; I cannot deny that in many years of scarcity, a considerable portion of your supply must be derived from other countries, but I do not abandon the hope that this country, in average years, ! may produce sufficient corn for its own supply. ' Bu• if that hope must be abandoned—if we must resort to other countries, under ordinary circumstances, for a periodical addition to our own supply, then between the supply brought in for the purpose of repairing an acci dental, and comparatively slight deficiency, I forth a great distinction from one of a per manent and more extensive nature.— (Hear, hear.) Sir, this is the proposition which I am authorised by her Majesty's Government to submit to the House; it is that proposal which they deem on the whole, adverting to the extent of protection which for a long series of years the laws of this country have given to agriculture,_ and adverting also to those laws having assumed that a certain price for wheat was the proper basis for great legislative enactments ; adverting to the importance of deriving their supply, as far as they can, from domestic sources,—this is the proposal which, prompted by no other interest but that of their reason and convic tion, driven by no other pressure than their own judgment, they consider, for the interest of the country, should meet with the sanction of the House. Sir, this is not altogether an unfavourable period for the adjustment of these laws. In the first place, there is no such amount of foreign corn available for the con sumption of the country as need alarm those who dread any excessive competition from abroad. There has been during the period which has elapsed since the separa tion of Parliament, concurrently with great com mercial distress, and concurrently with severe priva tion, as much of calmness, of moderation, and of a dispo tion to view with deliberation any proposal for the ad justment of those laws, as could have been anticipated. There may have been excitement—there may have been attempts at inflammation; but ',must say that the general demeanour and conduct of the great body of the people of this country, and of that portion of it which has been most exposed to suffering on account of commercial depression, have been such as to entitle them to the utmost sympathy and favour. There is no difficulty in terposed by violence or menace. It is perfectly open to the House to legislate as they may think fit upon the question. I earnestly trust that the result of these efforts, whether this proposal be acceded to or not—that the result of this proposal, on the part of her Majesty's Government, will lead to some satisfactory adjustment of the matter. The adjustment which we pro pose is that which we believe to be most consistent, upon the whole, in the complicated state of the affairs and relations of this country and its various interests, with justice to all classes.—(Loud cheers.) If it be the wish of Parliament to affirm the propriety of the course we have proposed, or if it be the pleasure of Parliament to reject the proposal, still I hope this question may be adjusted ; and whatever may be the adjustment of it by Parliament, I shall conclude by expressing a firm and earnest , hope that the arrangement, whatever it shall be, may be the one most conducive to the permanent welfare of all classes, manufacturing, commercial, and agricultural, of this great country.—(The Right Hon. Baronet then resumed his seat amidst loud and long continued cheers.) _ Lord J. RUSSELL would make no observation this evening on the statement of the Right Hon. Baronet, except to remark that they would come better prepared to the discussion if they were supplied with the list of towns for which the Right Honourable Baronet proposed to collect the averages. It was indispensable that they should have this information, and also a statement of the principle upon which the selection was made. He hoped, theretbre, the Right Hon. Baronet would give the I louse this statement to-morrow. Sir R. PEEL would lay the list on the table on Fri day. His sole principle was to select the most important towns in England and Wales, including, of course, the principal market towns. On the motion that the Chairman should report progress, Mr. COBDEN said that it was not his intention to en ter into any argument on the question to night, but he did not think it would be just to himself or to his consti tuents, if he did not take that early oppor tunity of saying that he heard not with as tonishment the proposition submitted to the House and the country by her Majesty's Government. He said, not with astonishment, for though he waited, in common/with many others, until the Administration had brought forward the proposition, he did not ex pect that the measure they intended to pro duce would be for the benefit of the country ; for looking to the constitution of the present Cabinet, he did not expect " grapes from thorns, or figs from thistles.' —(Cheers.) He denounced the measure as an insult to the suffering people of this country—(Cheers)—that people, whose patience had been so extolled by the Right lion. Baronet—that people, whose patience deserved a very different treatment from the landed aristocracy, and from the Cabinet, who were their instruments.—(C / '..eers.) This was a proof to the country that if the T i ,' - eople of Eng laud could permit it, selfish anll- iknorant legislation would proceed to destroy evety interest in the country. The motion was then agreed La, and the House re sumed. The other Ord 's a the Day were then agreed to, and the Howe Rcljonroed at Eight o'Clock precisely. CONFERENCE • AND THE GOVERNMENT MEASURE. HALF-PAST SEVEN. The Delegates walkei, about 600 in number, to the gates of the House of Commons. Only 100 obtained admittance ; the others were locked out.. Those who had gained admission ,waited till the close of Sir R. Peel's speech, and then adjourned to Brown's Coffee house, and, after serious deliberation, judged they ought to express their opinion, as follows :- 44 At an adjourned meeting of the Anti-Corn-law Deputies, held at• Brown's Hotel, Palace-yard, at half past seven this evening —Resolved unanimously— " That, in the opinion of this meeting, the measure just announced by her Majesty's Government, on the subject of the Corn-laws, so far from holding out the slightest prospect of any relief of the distress of the country, is an insult to a patient and suf fering people; and the Deputies view such a proposal as an indication that the landed aristocracy of this coun try are destitute of all sympathy for the poor, and are resolved, if permitted by an outraged people, to persist in a course of selfish policy, which will involve the de struction of every interest in the country. " DUNCAN M'LAREN, Chairman." Palace-yard, London, Wednesday Night, Nine o'Clock. At a second Adjourned Meeting of the Members of ConiVrence at Brown's Hotel, at nine o'clock, P.M., the Deputies took into consideration the course which should be pursued in the present position of the question, and unanimously adopted the folio wing Resolutions, as ex pressive of their opinions, and agreed to recommend them to the sanction of the General Conference : ", That the Deputies now present having further de liberately considered the proposition of her Majesty's Government on the subject of the Corn-laws, this even ing announced in the House of Commons, deem it their duty, on their own behalf, and in the name of their constituents, to record their emphatic condemnation of it, and their solemn protest against it, as a total denial of the just demand of the' people of this country, and till evincing a determination to perpetrate an oppressive and unrighteous system, together with all the essential evils which have hitherto resulted from the operation of the existing Corn4aws." " That the Anti-Corn-lawAssociations throughe,o United Kingdom, and all other friends tek Wmedi a t e and total abolition of all duties, twi reatrictiQns upon the necessary food of tl.kt pa coo, are earnestly requested to take memure4 for expressing, without delay, in every constitutional manner, their hostility to the propost4 measure of her Majesty's Government, and flied and unalterable determination not t?, relax in their ex ertions, until a measuscomplete justi ce i s o b ta i ne d ; q q s. to no compromise of the and t 9, cppei4 sacred rint cij # \ Ton which the agitation for the ikhoitio4; of the Corn-laws is based." Fa tIV) mi oTery available support may be o wl; to in his intended res9lol6n tor the total awl imMetliats Repeal of Corn and Provision laws, , the Deputies recommend that all petitions be for warded immediately for pmentiktio,u, and that any pro. tests or resolutions calculated to sustain the Deputation in the approaching contest, may be forwarded to the Office of the Metropolitan Anti-Corn-law Association l 448, Strand, London." " That it is desirable that these Resolutions be imme diately published in the Provincial Papers, and that the Committees of Anti-Corn-law Associations be re quested to take measures to effect that object." SPIRIT of the PUBLIC JOURNALS. FROM THE EVENING PAPERS OF TUESDAY. STANDARD. —We have already very frankly avowed our opinion that the demands of ttle United States cannot be complied with in respect to either class of the negroes on board the Creole; not with respect to the majority, who, it is admitted, took no part in the emancipation of the coloured passengers, nor with respect to the minority, who fought the battle of freedom. As regards the first class, a friend has kindly favoured us with a case precisely in point --- a case which proves that even at a time when England permitted slavery in her colonies, she was still accessible to the considera tions of justice, by which the rights of independent nations, whether those nations are powerful or feeble, ought to be protected. Twenty-two years ago England refused to assert against the most puny of Governments that right, as it is pretended, which the United States now command her to admit against herself. The al lowing is the proof to which we refer, and it can be easily verified by an inveatigatioirof the papers in the Colonial office :—" About twenty-two years since, a pilot-boat be longing to a Mr. M‘liewan, of Port Royal, was carried to St. Domingo, by the crew, who were all slaves. On this being made known in Jamaica, the owner of the boat and negroes applied to the Admiral at the station, to send a man-of-war to Hayti, and demand the boat and crew. The -Admiral (Sir Home Popham, or Ad miral Halsted) did so : the answer made by the Haytian Government was, that they would give up the boat to its owner, but the negroes were at liberty to re main or return as they pleased. They added, that every one being free in St. Domingo, the moment a man landed on their territory he was free also. Whatever was the state of the person in the country from whence he -came, they, the Haytian Government, could only re cognise him as a free man, slavery not existing in that island. This answer being considered unsatisfactory in Jamaica, the circumstance was reported by the Governor, the Duke of Manchester, to England, and instructions how to proceed were asked for. The answer from Eng land was, that. the Haytian Government was right ; and that if 'the negroes had landed in England instead of Hayti, the British Government would not, and could not, by law, compel them to return to their former owners in Jamaica." This is decisive. The British Government cannot, after this decision, restore a single negro of those not charged with an active participation in the rescue. COURIER.—The hour so anxiously anticipated by all classes of the country—so fraught with good and evil —is now nigh at hand. On Wednesday next the vital measure of the present Government will be proposed to the House of Commons, and the speculations of all parties bo set at rest. It were idle to deny that great alarm pre vails in the agricultural districts, that the mere rumour of a change in the existing Corn-laws has been productive of harm. It is certain that since the agitation of this question the sale of land has been materially affected, both buyers and sellers being unwilling to close their bargains until the Government has declared what amount of pro tection it will afford to the agricultural interests. One thing is certain, that the Duke of Buckingham has left the Cabinet, and we may fairly argue from this cir cumstance, that some important alteration has been pro posed. There- are many who draw still deeper con clusions—who feel that the measure which could not obtain the support of the farmers' friend cannot be permanently beneficial t o th e country. I n di scuss i ng the question of an alteration in the Core-laws, we have always been indifferent to the views of any particular Government. The interests at stake are too important, too vital to be argued on so narrow a basis of general politics. On this occasion, if on any, we should look to the measures and not to the men. We are legislating not merely for the present, but also for the future. The late Government having proposed a fixed duty of eight shillings, were defeated upon their appeal to the country, not because the measure was brought forward I by the Whigs—not because it was adopted (as a Morn ing Contemporary has stated) at a wrong moment--but because those who constitute the heart of the country, the agriculturists, felt that their very existence was in peril, and the nation generally had sufficient sense to perceive that, the vested rights of the landholders and farmers once invaded, the spirit which animates and gives life to our social system would lose all its vigour. Now, we firmly believe that any alteration in the pivot will ultimately lead, not merely to a fixed duty, but to the total repeal of the Corn-laws. Human nature and history both testif that it is impossible to limit the progress of change. So far, and yet no further, is a principle which can never be applied to legislation. That which is experiment to-day becomes precedent to-morrow, and in suffering and grief men too eagerly seize upon any panacea which promises to alleviate their pain, even when they know the remedy is offered by charlatans and can only procure them temporary relief. We do not in the least degree blame those who seek to pro mote their own interests, and who imagine that those interests are affected by the present Corn-laws ; but we are deeply sensible that if the Government do intend to insist upon protection to the farmers, it should uphold the present system, otherwise it were better, far better, at once to yield the whole question and adopt a fixed duty. By such a course of policy we should at least conciliate one party in the country ; we should not be driven from our position inch by inch, and experience that most bitter of feelings—the knowledge of having conceded principles-in vain. FROM THE EVENING PAPERS OF YESTERDAY. GLOBE.—The eventful day, big with the fate of tt e country, and probably of the Cabinet, has at, ' ien , th dawned. Sir Robert Peel will to-night r'7 opound long-looked-for plan for relieving tht "commercial and manufacturing classes from the ".ressure produc e d by ex isting fiscal restrictions, an especially by the insa n e an d cruel Corn-laws, non their energies. The impedi ments to their enterprising efforts, by which alone they can be prosecuted with success, are to be removed. This achievement, we are told, is to be effected. At the same time the agricultural interests are to be satis fied, and their monopoly, protected by the " sliding scale," is to be retained 1 That the Premier's theory is to embrace these objects, as we have here stated them, is obvious, from the allusion, in the nature of a puff pre liminary, which he, in his own person, made last night. There was an evident necessity laid upon him to quiet the feverish disposition to an open rupture, which was sufficiently present among his supporters, in the sym pathy exprestba by several Members on the Ministerial benche", with the remarks of Mr. George Palmer, one of the Members for South Essex, on the pro poted alteration in the duties on Colonial timber, which are essentially the same with those proposed by the late Government. "He (Mr. P.) wished it to be distinctly understood, that he had not changed his opinion with respect to the measure, though he had changed his seat from one side of the House to the other." Lord John Russell having expressed his general approval of the measure, it became the more necessary for Sir R. Peel to remove the impression which was evi dently deepening and extending itself. He thereupon said :--- K He trusted that the House would not attempt to draw in ferences with respect to the other portions of the commercial policy of the Government from this measure, but that it would wait until the other measures were brought forward. He should to-morrow introduce one of the most Important of them, and he would take the earliest opportunity of pursuing the same course with respect to others. He trusted that the har mony which had hitherto prevailed with respect to this subject would not be disturbed. He would only add, that he did not think that the Noble Lord would taunt him with adopting all his views and measures, when he had heard his (Sir IL Peel's) proposition to relieve the country from the great fi nancial em barrassnientsunder which it now laboured." This announcement was hailed with " cheers" from the somewhat discontented adherents to the Premier. Even the Duke of Buckingham's band of Corn-law champions, whose obligations to the patron for their seats bind them to support his views, and to resist any substantial change in the system to which the land owners are generally and strongly attached, and to evince his devotion to which his Grace has seceded from the Cabinet -- even these joined in the " cheers." COURIER—The morning press leader of the Anti- Corn-law crew has not hesitated to assert that the CM , servathe party long denied the existence of great riffs. tress in the country, which is falsehood the firsA, inas much as that distress was never questioned in tny quarter, although on more than one occasion its '7;rilful and mali cious exaggeration, and in somft instances, its pure invention, by the Radical speakers and p a p ers , were justly held up to opprobrium and ridicule. Falsehood the second is, the hardy statement that the distress (never denied) is now fcir the first time admitted ; and falsehood third—thoatrowning lie of all—imputes to the Government awl the Conservative party the broad unre served admission, the extraordinary apostacy of opinion, that the present Corn-laws are the cause of the present distress. The Conservatives can well afford to deal with, and dismiss at once, these various atrocious fabri cations almost in one word—they are each and all devoid of truth as their makers of common honesty. STANDARD.—The proceedings of the House of Commons last night are calculated to exercise an in fluence upon the interests of the empire far more exten sive and beneficial than might be expected from the modest and unpretending manner in which the Mi nisterial measures, forming the groundwork of these proceedings, were introduced. First, in real tempo ral importance, as well as in the sacred cha racter of Its objects, is Lord Stanley's proposed Bill for multiplying the means of religious instruction in the West Indies. "Religious sympathy," says M. Lawn.. tine, in his interesting Travels, "is the only sure, 'bond of political union, the only soli d of national strength. Were the Christians of the Levant united, they woulgl constitute a mighty empire," Attach the British colonies to the metropolitan State by a bona fide par ticipation in the national religion, and you will build up an empire inseparable and irresistible—an empire which in its progress will contribute to your prosperity and wealth, as in its eginpletion it Inust place your security beyond the moll of danger. Civilisation, and the tastes fctMeeent luxury . inseparable ' from civilisation, ever attend upon religious improvement ; and what ever may be • the fate of British trade with foreigners, an ample compensation Will, by civilise saticm, he ensured to her in her own colonies. 1 - * next measure proposed by Mr. Gladstone, is a 114 PPY accompaniment . to the foregoing, pointing in the same direction ; it is a Bill for relieving the colonies froln all .imposts which can be truly regarded as either burthensome or vexatious—a fair and full application of the principles laid down in the Colonial Act of 1778 —the principle that no impost shall be posed by an y authority, save the local Legislature, for the sake of revenue, or for any other purpose I but the regulation of commerce. We have not more MORNING SUN to particularise the number of cases to which this principle is to be applied, and it is unnecessary, for few will deny themselves the gratification of reading Mr. Gladstone's speech ; but it is enoug h to sa y, th a t the applicati on will be universal a recognition of the rights of the colonists which will flatter their just pride and command their gratitude, while the practical effect of the concession must infinitely promote their pros-. perity. If we were at liberty to indulge ourselves, we could say much upon the glorious consequences vitiCls, humanly speaking, must necessarily follow the measures referred to ; but we can scarcely hope that are seedsa almost t whatalwaysi many will adopt our views of any measures that do not nature, t u t r h e e 1 , slow togerminate; and, obscurity and comparative promise immediate results ; s s ard n b l esides, the public has other objects of more urgent great in social policy, as in , attraction, to engage its notice. MONEY MARKET ind CITY NEWS; FROM THE MORNING PAPERS OF TUESDAY. CHRONICLE.—The Chinese intelligence has given con fidence to the holders of the leaf, and the Tea market is firmer. cannot b Theyseemtoe brought to a thethinkthat s o u t ,feereastiour closeof t unheStril the iti laps British expedi tioneo another season, and that they may still look for a strict blockade of Canton. In the meantime they consider that the traffic in teas must be limited, as the Hong merchants hold at a very high price, which must be paid in S 3 cee silver, or, if taken in barter, in manufactured goods at a very serious sacrifice to eur, , merchants. Company's Congous have been sold to day at Is. Witt. per pound, but Is. 11d. per pound has been asked. We trust the renewed rumours that the Government intend to repeal the Penny Postage Act are without foundation ; but unless the public show a determination to resist any increase in the rates, we much fear that this is one of the means by which it is proposed to make up the deficiency in the public income. It is reported that there are fresh symptoms of disorder in the " united cabinet," on the subject of the eorn-laws. POST.—The failure of Messrs. Boyd and Co., of Calcutta, noticed in the Bengal papers, being an extensive one, will, it is feared, be felt with much severity by the connections of the house in different parts of the world. We see that a meeting is called of the Mexican bondholders, for Friday next, to decide upon the proposition of the agents, Messrs. Lizardi and Co., which has been lately before the public. As it is intended to issue debentures for two years' dividends, out of the four overdue, the other two years being relinquished in consideration of the French blockade, we hope that care will be taken to secure to the bondholders payment of the said debentures, principal as well as interest, before the general resumption of dividends, to take place in 1844. It is said that a protest has been entered by certain bond holders against the transfer of the money in the hands of Messrs. Baring and Co. to those of Messrs. Lizardi and Co., until the sanction of a public meeting shall have been given to the proceedings of the Committee, and that more favourable terms will be contended for; but, from the premises here laid down, it is evident, that, to reject the proposition of the Mexi cans, which embraces in its clauses more than circumstances seem to justify, would be an act of the g r e a t es t i m p ru d enee , inasmuch as it would endanger alike the present and the future interests of the unfortunate bondholders at large. ADVERTISER.—The people of Birmingham have for some time past had occasion to be dissatisfied with the Post office arrangements connected with their town, and a Commit. tee of the Town Council has at last drawn up a Report en the subject. In Leeds, Liverpool, Manchester, and Bristol, there are three deliveries a day. A memorial to the Postmaster- General has been adopted, but not yet presented. It ap pears from the inquiries of the Committee that there ate two deliveries each day by ; letter-carriers within that pait of the borough, which lies within a circle of a mile and one-sixteenth from the centre of the town (St. Philip's Church) ; that the first delivery commences at half past eight o'clock in the morning, and the second at half past five in the evening ; that there are eighteen letter-carriers employed to deliver letters within the said circle, and that the time occupied by each delivery averages three hours. With out the above-mentioned circle, hut not to the extent of the boundary of the Borough, there is but one delivery of letters each day, and that at a late period of the day, and an additional charge of one penny on each letter is demanded on' all letters delivered out of that circle. During these inqui ries the Committee have received verbal communications from several and letters from respectable correspondents, com plaining of the post-o ffi ce regulations in the Borough, parti cularly as to the inhabitants residing in the outer diltrict, in consequence of there being but one delivery, and that at so late a period of the day, and the extra charge of one penny. The present regulations preclude any extensive correspondence by the inhabitants through the Post-office, for letters posted at the principal office at nine in the morning are not delivered in the outer part of the borough until late on the following day ; whereas, it is extremely desirable that facilities should be afforded so that such letters might be received and answered on the same day. And the Committee respectfully suggest that the regulations of the Post-office should extend to and comprise the whole of this borough, and that there should be three deliveries of letters a day (Sunday excepted) within the distance of one mile and a-half from the Post-office, and two deliveries a day in the outer and more remote districts of the borough, free from any extra charge for such delivery. FROM THE MORNING PAPERS OF YESTERDAY % TIME S. —The premium on gold at Paris is 7 per milk:, which at the English Mint price of 31. 17s. 100. per ounce for standard gold, gives an exchange of 25 32k, and the exchange at Paris on London at short being 25 52k, it follows that gold is 0.80 per cent. dearer in London than in Paris. By advices from Hamburgh the price. of gold is 429 Per mark, which, at the English Mint price TA 3/. 17s. 10%d. per ounce for standard gold, gives an hxchange of 13 7, and this exchange at Hamburgh on London at short being 13 9i, it follows that gold is 0 : 98 per cent. dearer in London than in Hamburgh.. SPECIMENS OF PARLIAMEN • -• TARY REPORTING. Colonel Sibtliorpmade the following allusion to The Sun On Tuis. day night in the House of Commons, in his speech oil ese subject of the Better Regulation of Railways : " He (the Hon. and Gallant Colonel) thtnlght that suffitiera had fallen from the public Press on thiti • su bi c particular, to one Paper, from w1: 1 '11 . 11 he differedrted and in he alluded, ticalmitt a e i nt —he alluded to The Ssen, 0 . . comments of which on the unfortu... nate accidents whichociThrred, were of the most salutary kind, and whose efforts in urging that some efficient measure should be adopted to pr e vent them, conferred great credit on itself." Ih k s wanly and generous notice of a political opponent, caw 11 °711ing Contemporaries slur over in the following style : The Herald says:—" The public Press had also done itself credit by what it had said on the subject. He (Colonel Sibthorp) antided particularly to one Paper, from which he generally diftred." The Chronicle does not condescend to notice either the allusion to the press in general, or The Sun, in particular, but maintains a total silence on the subject of both remarks. The Times exhibits an equal reserve. The Post contents itself with the following report:—" Sufficient had been shown in public by the public press, to convince them that an interference on the part of the Government was necessary," STATE OF TRADE. (From the Manchester Guardian.) • We regret to have to report, without any immediate prospect of amendment, the tame flatness in demand, both for goods and yarns, which has so locg prevailed in our market. Perhaps the feeling was rendered somewhat more depressed by the l i n_ favourable news- from India. Wo believe the commercial accounts from Calcutta were anticipated to be pretty gcod but the private letters have not yet come to hand. HocunaLE FLANNEL MARKET, lelormay, FEB. 7. -- There has been another dull market to-day, and the sales have► been limited. Those who have purchned have obtained them to•day at reduced prices. There is no change in the woo market. HUDDERSFIELD MARKET, FEB. B.—The same misera ble tale must still be told of the state of trade in this market. Not a sympton of improvement was seen to day. In short, it was truly a bad market in every respect, without a prospect, or almost the hope, of improvement Prices are nominal and the demand accidental. All is a lot tery, with few prizes. Warehouse business is little if anything better, excepting in a few instances. SPORTING INTELLIGENCE. BETTING AT MANCHESTER.—Tuosnay. CHESTER Cur.-8 to 1 agst Lanercoit—taken ;12to 1. get Marshal Soult ; 14 to 1 agst Vulcan—taken ; 16 to 1 apt idly Tar—taken freely ; 16 to 1 apt Belluna ; 16 to 1 ttast The Squire ; 20 to 1 against Satirist taken ; 20 to 1 agst Alias Hawthorn—taken ; 20 to 1 apt Cruiskeen ; 2.$ to 1 apt Rory . 011 ore ; 25 to 1 agst Rodanthe—taken ; 3e, to 1 apt "smear gardis ; 30 to 1 apt Billingham Lass. DEasr.-7 to 1 apt Attila ; 12 tc..l apt ChathamL—taken 25 to 1 agst Auckland—taken ; 2K to 1 apt Wiseacre; 900 to 20 apt Meteor—taken ; 1,0004,0 20 apt Artful Dodger—to/stn. Oars.—Nothing done. INTELLIGENCE B". 1 TR A . —NEWMARKET eRAYEN MEETING, 1842. Tursna . r.--.The Oatlands Stakes of 50 soya. each, The Genius, 5 yrs, Sat 71b—Cesarewitch, 4 yrs, Bst -f1 1— b c by Milley Moloch, d by Actaeon, 4 Yri; 74 9W. „JgriNiels 070(117Tr bil4 HAMB URG H MAI IB~RLIN, FL B. 2. —Yesterday evening, at a qtiarter , past, nine o'clock, her /loyal Highness the Princess Albert was hap pily delivered of a daughter. The Princess and the infant are doing perfectly well. STOCKHOLM, JAN. 24.—The great manufactory of cotton yarn of Messrs. Bergmann and Bohnstedt in this city was de stroyed by fire last night. The building is insured for 54,000 dollars, and the manufactory for 60,000. Three persons were killed by the falling of the wail, and a little girl was burnt. DKONTIIELM, JAN. 23.—Yesterday evening a fire broke out here sslich, the wind from the south-east being pretty strong, destroyed about 300 houses, and the hospital; tlai church of the hospital was saved. The number of the suf. ferers is twice as great as by the great fire which destroyed a part of the city on the 24th of April last year. The buildings. are insured for 240,000 dollars.—Hamburgh Papers, Feb. 4.... LLOYD'S SHIPPING. r` Lowboy, FEE. 9.—Wind this day at noon S.E. Orr RAMSGATE, FEB. B.—Favourite, Shields folparaistse DEAL, FEB. B.—Wind S.W., moderate.—Arrd. beet tise River the Duke of Lancaster, Bombay ; Be.cs' Kat & lavEarooL, Faa. B.—Wind S.S.E.-4rrsi. the Uzi.. Masters, Tobasco, sailed Dec. 20 ; Savannah ; Southerner, New York ; Snowdon, /tinny, sailed Nov. 20. lo a ru ! a l Sailed aet Pernambuco n e amClara,b uGovernor,e 0 New ja al mn4 Y ya o ; e D H i a fi f e edr ar oar B Hl li an lae;n na T h Ghe ; orillin S ag t an . ad-Law rence, New Orleans; nary, Smyrna. OFF ROMNEY. JAN. 7. Arrd. Whig, Bateman, Baltimore. SHOREHAM;FEA. B.—The Welkin, Barkwell, of Sunder land, in entering the harbour, tailed on the B an k an d f i lls w i th the tide; i t i s suppose d she s sustained considerable daniNe- PeAtTSMOU RH, FEB. B.—Wind W. tp S.W.--Sld. her Ma, . 1 2 ; :sty's ship Rapid, Sierra Leone ; Amb assa d or , London. • EaLmouTH, FEE.7.—Wind S.E. to E.—Sld. her Majesty'. ship Star, with despatches, Rio • Braganca , steame r , Vi go . PINZANCE, FEB. 7.—Sld. Admiral Lake, Antigua. JEASZY,FEE.6.—SId. Homely, Civitta Vecchia; Caesar, Rio. Coax, FEE. 6.—Acrd. Huron, St. Andrew's; Sailed Me don and New City of Cork, Trinidad. SHIELDS, FEB. 7.—The Ocean, of Scarborough, which Wits stranded at Tyaemouth, has been got off. • MILFORD, FEB. 6.—The John Hardy, Bowden, arrived here from Cuba, boarded on the 224 ult., in lat. .41, lon. 10. a ship, water-logged, and abandoned, and no name on'sa _ e stern, but part of a head-board, with " Alva," supposed to b hern E a p in o R e T , andrp LOS S apparentlyoy TI L E b HA een sometime iul.Ax p: lowing extract of a l e tte r , f r om Bombay, dated Jan. ,1 3 a bandoned. crzßr. R l .--The oftt at Lloyd's : "We are very apprehensive of the as the Captain of a French ship, La of r reports having fallen in with her in a_ down ale stevvind off the Ca . and seeing her taken aback a nd go rn foremost. W. sincerely hope he maylcosesres of , the itt st Halifax arrtv h jac e k r e e t mistaken as to the nam e of the vessel."' .e t arrived at Liverpool os the 26 3 t h i E N m o . vem T be he r from ara ßo xb e m p lo a cak the Peel , we we znay risibg pros perity an that no fewer than 14 new the fact, lUggerg ar* now b '1 • ding at that port, for the approaching ISLE dOpuFblNicisApiNrC:f the town of f season of the lierrinw fishary...- Nowt's Herald.