The Sun. — London, England, 1833-06-10 00:00:00

RENEWAL OF THE BANK CHARTER. ALTERATION IN THE MONETARY SYSTEM, The casual observer may not possibly notice the magni tude of the change, or the vast importance of the interests involved in the carrying into effect the following proposed resolutions of Lord Althorp. Before we quote the words, we shall premise that the virtual subjugation of what is commonly called Peel's Bill, and the abrogation of the Usury Laws, must follow, if the spirit of these resolutions become the law of the land—" That provided the Bank of England continued liable, as at present, to defray in the current coin of the realm all its existing engagements, it was expedient that its promissory notes should he consti toted a legal tender for sums of 5/. upwards.—That the laws restricting the interest of money to Si. p.tr cent. be repealed, so far as c.incerned hills not having more than three months to run before they became due." Teo. Bank of England notes everywhere, except at the Bank in London, will become a legal tender, inconvertible into gold in the country, except Ity favour, and moneyed men may take their bills, at or under three months' date, to the best market, like any other commodity, thereby facilitating the circulation of capital, and affording great accommodation to minor enterprizee. At the same time a check is given to inordinate and excessive issues of paper, by the liability of the Bank of England to pay gold for all their notes presented at the establishment iii Threadneedle-street. The bargain is rather against the private bankers, whose notes are likely to be swallowed up by those of the Bank of England ; but they will be somewhat compensated by the great increase of business consequent upon a freer circulation of capital, and in creased discounts on short hills. We confess we do not see how gold is to be kept in circulation in ceuritry places without a premium being paid to the bankers. An issue of one-pound notes must take place, or gold will certainly be at a premium out of London. On this sub ject we have been favoured with the remarks of an able correspondent, with whose opinions we generally, eh(((( not entirely, coincide. He says—" In respect of the local interests of this neighbourhood, the ifert of the first proposition of Lord Althorp's will, it is presumed, be advantageous to country bankers and their customers, if it do not in time procure fir the Bank aid the Government so much increased confidence a• to make the Treasury of the Bank of Eng land the grand repository of the various small hoards which are now uselessly and selfishly closeted by the timid. We augur fivourahly of this consequence, that it will go far to prevent the great depreciation of the value of fixed property, which has been the cause of so much lamentation in such districts as this—if not to restore it to that medium which will be remunerative. The effect of the second proposition will he to put men of fair standing and good credit, net capitalists, nearly upon a par in the market with their more wealthy brethren, and iikewi , e give a sti mulus to the application of funds hitherto dormant, or only yielding a very trifling return of interest. These propositions of the Chancellor's at once convince us of the real opinion he holds as to the inefficacy of the present money laws, and at the same time the cautious manner in which he desires to feel his way, before anything like their total and avowed overthrow shall be attempted. I: is a beginning, and we trust a good one.—Devonport Teleg. INHABITANTS OF OPORTO. On Saturday afternoon, a meeting was held at the City of London Tavern, "for the specific object of taking some prompt and effectual means of affording relief to the wants and s..vere sufferings of the unfortunate inhabitants of Oporto," consequent upon the protracted bombirdment of th it place. S r Edward °Arington, M.P., Colonel Hodges, Colonel Webster, Mr. Freeze, Mr. Easthope, Mr. Ricardo, and several foreigners of distinction were among the gentlemen present. At two o'clock T. Davenport, Esq , he hiving been r. quested to take the chair, addressed the rneet'ng tr the following effect :—After stating shortly the immediate object of the meeting, he proceeded to enlarge upon the pecular claims of the inhabitants of Oporto--a city long and intimately connected by the closest ties of friendship, and upon the sympathy of the British public, superadded to that which circumstances of unmerited distress inva- r:ably drew from them. Oae subject he would wish par ticularly to press upon the attention of the 'meting. It 'a as, that as ail meeting had been convened peculiarly for a charitable object, it would be most desirable that gewle men should not introduce into the discussion any allusions of a political nature, which would, if . indulged in, he sub mitted, prove in all probability highly detrimental to the objects proposed by the meeting.—(Hear.) Mr. FAVEZZ rose to propose the first resolution. They had met to relieve the sufferings and privations of the civil inhabit int, of Oporto, who had been for ages past the best commercial friends of the British nation, and as this was a city meeting, he hoped that it would be consider( d as a sot t of expression of the feelings of the merchants of Lon don for the sufferings of a people with whom they had been so long and irvim mtely connected.—(Hear.) An instance of the partiality, whether accordant with justice or not, entertained by the Portuguese nation generally for the English, occurred on the occasion of one of hi. (Mr. Freeze's) clerks having shot a negro. By the laws of the country the clerk would have been hurried to prison, but on applyiag to the good old King, he said " No, he must not go to prison, for he is an Englishman, and could only have shot the man accidentally." There was yet one more instance, which would come home to the recolec. tion of many present. When the French invaded Por tugal, it was not so much with a view to immedi in, ter ritorial aggrandizement as for the purpose of ruining the commerce of Great Britain, one mode of effecting that object being to prevent the payment of debts due to Bri tish subjects by the Portuguese. But what was the conduct of that nation on the occasion ? They were, politically speaking, released from the obligation of the debts they owed to Great Britain ; but did they take advantage of it to evade the payment of those debts ? No ; he asked any gentleman present whether, on the contrary, they did not faithfully discharge almost every one of them ? Sir EDWARD tODRINCTON seconded the resolution. Mr. EAsmorg suggested, for the consideration of Mr. Fre. z-, bef.re his resolution was put, that it woul i be better to preface the proceedings by a resolution thrlara t.ry of the object proposed in calling the meeting, after which Mr. Fretze's resolution could be put. Mr. FREEZE assented to the proposal of the last gentle man, who was about to put a resolution to the effect he bad mentioned, when A gentleman suggested whether the meeting would not, by raising a subscription,violate that neutrality which Go vernment was bound to adhere to ? Colonel Honors, having but recently left Oporto, could speak to the wretched state of its inhabitants, for it was necessary to see them before the full extent of their misery could be appreciated.—(Hear, hear.) It must not be forgotten that the Portuguese had been for years in a state of warfare on our account from the French war to the present time. It was almost impossible to conceive the distress which the inhabitants of Oporto were now suffer ing. There were upwards of 100,000 of th-m, and all that the exhausted treasury of Don Pedro coill,i afford them was 5,000 rations of miserable soup per 'lay. Ttiou sands of persons were killed in the streets by the Lombs of Don Miguel, but the public did not hear of the thou sands of mothers who perished in the streets from starea• tion in the stre.ts. Succours had been sent to 0 J uno from Lisbon, and it was an honour to the inhaid , ants of the latter city that they had done so.—( Fleur, hear.) The qi.:"lion of neutra!ity had been raised, but he (C;olunel Hodge') would urge that now they had nothing to du but with the people of Oporto, and whether they would shut their e.:rs to the tale of their appalling suff.. ings ; and he would only say that, taking into constileration their present state, and the immediate necessity thene was for relief, it became a questi,n whether thousands 0. per sons should be allowed to perish, r.ther than whe her or not such such relief would be prejudicial to the neutrality. —(Hear.) Afer seine conversation as to whether the objects of the meeting could he supposed to interfere with the neutrality resolved on by the Government, Sir E. Coonstaxote said, from his experience, that it was in certain cases quite consistent with the duty of a naval man to relieve the inhabitants of a besieged city, without infringing neutrality. 111 r. EAsltiore then moved the declaratory re,lution, which having beers seconded, was put from the chair, and unanimously carried, Mr. FREEZE then triaged his original resolution for the appointment of a Committee, wi;igh was &lac carried una nimously. The third resolution was, " That the severs; htokers in dila metropolis be requested to rkeeive subseriptio b .,” and it was also carried. Subseiiptions were then commenced, and the meeting separated. Sir JOHN MALCOLM'S last appearance in public was at a meeting of Noblemen and Gentlemen at the Thatched House Tavern, to promote . the for the purchase of Abbotsford, and perpetuate the posses sion in the family of Sir WALTER Scorr, Upon that oC casion Sir JOHN moved one of the resolutions, which he prefaced in a warm eulogy on the great claims of the Weird of the North," to the gratitude t f hia c aentry. The worthy 13a,umt seemed exhausted by tbis t c •riion, and retire i Crow the tOoin at the conclusion of his speech, COURT OF KING'S BENCH--(THIS DAY.) The LORD CHIEF JUSTICE on coming into Court this morning delivered the judgment of the Court in the case of an appeal by the CI elsea Water Works Company against a rate levied by the parish of St. George, Hanover•square, upon their reservoir in the Green Park, and the land oc cupied by the pipes laid down in thst park. The case came before the Court upon the construction of the law as applicable to such cases, the pariah contending that as it had been decided that the laud occupied by water pipes laid down in the streets, &c., of the parish, was liable to he rated to the poor, the reservoir and land occupied by the pipes in the Green Park were also liable to be rated ; the Company contending that that reservoir and land were exempted. The Court had postponed their decision in order to take into consideration the effect of the Charter of 1825, by which the Company were clothed, with per mission to use the basin or reservoir in the Green Park, and to break up the land in that park (subject to the discretion and direction of the Surveyor-General), in order to lay down pipes from the reservoir ; and the opinion of the Court was that there was nothing in the construc tion of that Charter to take the reservoir and land out of the rule which had already been laid down in respect of the Comp an y's liriiierty;•- The rate was therefore ordered to be confirmed. COURT OF REVIEW.-(THIS DAY.) EX PARTE MF.RY IN RE FRITH. Mr. TAMLYN stated that this was the petition of the assignees to stay the bankrupt's certificate, for concealing his goods. He had applied to their Honours the day on which the certificate was to be granted, that service of the petition, at the bankrupt's last place of abode, might be deemed good service, he having taken himself out of Om way, and the Court told him that the assignees might take the order and do their best, but that it feared it was too late. The assignees had served the petition at the bank rupt's ►ast residence, but he did not appear in Court to-day. Tile COURT said that, as the bankrupt did nut now appear, the service could not be considered good. Application ought to have been made to them two days before the certificate was to be granted. Sir JOHN CROSS-The petition also does not allege that the property concealed is of the value of 101., as di rected by the 130th section of the Act. Mr. TOMLYN—Tnree or four vans and hackney coaches were employed in taking away the property. He hoped, however, the Court would allow the costs of the pre-ent application to come out of the estate. Their HONOURS could not grant his request. Petition dismissed. The Court rose at a quarter after 12 o'clock. DIPLOMATIC PENSIONS. TO THE EDITOR OF THE SUN. SIR,—In your paper of Thursday last, I observed in the list of retired diplomatists, enjoying pensions, the name of Sir Robert Liston, with a mark of admiration affixed to it. Had you been aware that that truly upright and able mare had spent a long life in the service of his country—that almost every court in Europe, together with that of the United States of America, have been successively the scenes of his !about s—that he only re tired from active service when on the verge of 80 years of age, and that be is now upwards of 90—methinks you will have the candour to allow that his pension is not unmerited ; indeed I may venture to affirm, that not one of ae existing race of diplomatists has so faithfully earned a title to one. Trusting you will have the fairness to insert these few lines in you next number, I remain, Sir, your constant reader, Hastings, June 6, 1833. VERITAS. N.B.—Ohserve, I don't pretend to justify the scale of these pensions—they may be too large. All I mean to insist on i , that Sir R. Liston is entitled to stand in the highest class. [lt is impossible not to agree with our correspondent, that Sir Robert Liston's long services entitle him to a pension, supposing that the pension system, with our present scale of salaries, ought to be continued at all ; but our strictures were, as our correspondent appears to conjecture, directed against the general amounts received, and we must say that we think the fact of Sir Robert Liston's having received upwards of 25,0001. as pension, sufficiently justifies our notes of admiration. Sir Robert's advanced age and long services no doubt entitle him to be placed on the highest scale of pensions. but hew many shameless jobs does not one such case cover 21—ED. SPORTING INTELLIGENCE. NEWTON RACES, JuArs 7. THURSDAL—The St. Leger S akes of 25 sovs. each, and 25 added. Ten Subscribers. Mr. Thompson's Fitzdicter Mr. Fox's Larkspur 2 Three others started. The Go!borne Stakes of 20 soya. each, for two-yr. olds. Eighteen Subscribers: Mr. Mostyn's Vittoria Mr. E. Peel's Noodle 2 Sir J. Gerrard's Billinge 3 11 others started. The Borough Cap, value 100 sous., added to a Sweepstakes of 10 soy,. each. Nine Subscribers. Sir IL Bulkeley's Birdcatcher Lord Chesterfield's Colerich 2 Sir J, Gerard's Windcliffe 3 A Plate of '7Ol. was won in four heats by Mr Dyson's Lockington, beating three others. FRIDAY.-The Shrigley Cup, value 100 sovs., added to a Handicap of 15 sovs. each, 10 ft. Thirty-one Sub &crihers—twe ve of whom declared forfeit. Mr. Bowen's Lady Stafford, 4 yrs Mr. Gittord's Perseverance, aged Six others started. The St. Helen's Purse of 501., added to aSweep,takes of 10 Bova. each. Seven Subscribers. Mr. Beardsworth's Independence Mr. Houldsworth's Daird 2 The Warrington Purse of 501., added to a Handicap of 5 sovs. each. Sir T. Stanley's Caractacus 5 yrs. Mr. Palin's Pluralist, aged Mr. Beardsworth's Wolverhampton 3 Four others started. Sweepstakes of 25 sovs. each, and 25 added. Ten Subs. Mr. Houldsworth's Circassian 1 Mr, Skipsey's c. The Physician Three others started. A Rate of 701. was won in iwo heats by Ballet, beating Wolverhampton, Flighty, and Levolo. The m etiog was the most brilliant, and best conducted, eve: known in that part of the country. STATE OF TRADE. (From the Halifax Express.) HALIFAX. —This market, last Saturdry, was much as usual. Lastings, however, were in rather more demand. HUDDERSFIELD.—At this market, last Tuesday, there was a good deal of business done in woollen cloths, and in every description of fancy goods. Foreign orders for heavy winter goods have already in several instances been ob tained in this town and neighbourhood, hut the manufac turers complain greatly of the lowness of the prices. YORK.—The supply of wool at the market was very good, and the whole was sold fully supporting last week's prices. Hogs, from ISs. 6d. to I9s. ; Hogs and Ewes; 16s. 6 , 1. to 18s. Locks, 11s. to 12s. 6J. per stone of sixteen pounds. (From the Leeds Mercury.) LEEDS.—Ttie market for cloths in the unfinished state has been during this week about as u-ual for several sale days past, and the demand continues for woollens in the finished state. Prices are firm, and are expected to hold so, although the new clip of foreign wool has begun to come freely into the hands of the woolstapleis. BRADFORD, THURSDAY EVENING.—In our stuff mar ket we have been brisk to day ; the demand for goods has been greater than could 1a met, particularly for six-quar ter merinoes, of which sort all that came into the market was readily bought. We have not heard of a general ad vance in prices, hut we think it was partially obtained. The wool market continues steady and firm, but the sta plers are not expecting any further advance. ROCHDALE, ,JUNE 3.—ln consequence of the holydays of the past week, but few goods were today brought to the Flannel market; the low and middle qualities which were offered cold readily, and fully supported the advance of last week. Several sales were effected in finer sorts, hut generally the manufacturers seemed careless about sell ing, except at advanced prices. On Friday, T. C. BALFOUR, J. C. LEES, R. LASCELLES, G. COODE, J. IVIELLort, and H. C. PART- Esqrs., were called to the Bar by the Honourable 4oaiety of the loner Temple. Bel t / i ? ), Life contai n ingiiLondon of yesterday (Sunday, June the Coroner's Inquest, and the most authentic particular s cpnnected with the unfortunate death of SIMON BYRNE, to the extent of lour folio columns, will be kept on sale at the office, No. 169, Strand, until Wednesday night, the 12th. The ' ,lice of Bell's Life in London is sevenpence, franks wati, to send it to any hart o f England, Scotl an d, or I reland. An ,di,i„ n t o r the country of Be/I's Life is re g ulally pub lished early every Saturday afterno,O, so that it may be had by the post on Sundays 200 zi , i i i s le to , from is the only Sunday Paper that atten. S purting ulul a n t.terlct COURT CIRCULAR. The Duchess of Cumberland, accompanied by the Princes Alexander and Charles of Solms, paid visits on Saturday to the Duchess of Kent, the Duke of Sussex, and the Princess Sophia, at the Palace at Kensington, and to the Duke and Duchess of Gloucester, at Gloucester House. The Duchess and the Princes returned to Kew in the evening. The Duchess of Kent and the Princess Victoria, and their Royal Highnesses' household, attended divine service yesterday (by the Dean of Chester) at the Palace at Ken sington. The Duke of Cumberland honoured the Earl of Shaftes. bury with his company at dinner on Saturday evening, at his residence in Grosvenor square. The Baron de Wes•enburg, the Austrian Minister on a special mission, visited Prince Talley rand yesterday. The Dutch Special Minister visited Earl Grey on Sa turday, at the Treasury. Lord Sandon and Mr. P. Stewart, M.P., accompanied by a depot ,tion, had a conference with Mr. Secretary Stanley on Saturdly, at the Colonial-office. Mr. Stanley had .4fterwards an interview with Viscount Althorp. Viscount Althorp entertained a party of Mn,ehers of the House of Comm , ,ns at dinner on Saturday evtn;ng, at Iris residence in Downing.street. Among the company were—Lord Acheson, Sir Grey Skipwith, Sir Harry Verney, Sir M. Ridley, Captain Dundas, Messrs. W. Evans, Gishorne, Hurst, Lester, Macleod, Marryat, Mos. tyn, Charles M. Philips, Poulter, Poyntz, Roper, and Talbot. Mr. Littleton visited Mr. Secretary Stanley on Saturday. Despatches were sent off on Saturday night from the Colonial-office for Sir Robert Wilmot Horton, the Governor of Ceylon. The Lords of his Majesty's Most Hon. Privy Council held a meeting on Saturday afternoon, at the Council Chamber, Whitehall, res;iecting the appeal from the Court of Chancery in the lunacy case " Grosvenor v• Dna." The Lord President, the Lord Chancellor, the Master of the Rolle, the Eat I of Eldon, Lord Lyndhurst, and Lord Manners, were present. Their Lordships were about two hours in deliberation. WINDSOR, JUNE 8. (From the Windsor Express.) The King and Queen continue well. To-day the departures from the Castle have been very numerous; the greater part of the distinguished company who have been staying with their Majesties during Ascot races left for their respective residences. Among them were, the Duke and Duchess of Buccleuch, the Duke of Dorset, the two Princes of Solms, Lord Denbigh, Lord and Lady Sydney, Lord and Lady Corder, the Hon. Mr. and Mrs. Ashley, &c. Yesterday the Dukes of Cumberland and Cleveland took leave of their Majesties. Yesterday morning their Majesties entertained their Royal visiters and the Royal suite at Adelaide Lodge ; and in the afternoon the R .yal party took an excursion through the Great Park—the King in one of the pony phaetons, and the Queen on horseback. Yesterday the Princess Augusta arrived at Fregmore, and this evening her Royal Highness dines with their Majesties. On Wednesday the King, accompanied by her Majesty, goes to town to hold the Levee, and the Queen will honour the Concert of Ancient Music with' her presence. On Thursday the Queen goes to St. Paul's; and on k heir route to the Castle their Majesties w:11 dine at Pope's Villa, Twickenham, the seat of Lady Howe and Sir Wathen Waller. THE BISHOP AND MIGUEL. EAST INDIA HOUSE. (THIS DAY.) A special meeting of the Court of Proprietors took place this day, at twelve o'clock, to take into conside ration further papers respecting the East India Com pany's Charter. By direction of the Chairman, the following correspondence, as well as the minutes of some previous Courts and Secret Committees, of no conse quence, were read as follows: LETTER FROII THE RIGHT HON. CHARLES GRANT, TO THE A RECENT CORRESPONDENCE. Who, fslse alike in war and peace, Hath nothing done but cheat and fleece, His brother bilk, and rob his niece? My Miguel. Who, on his way to all this evil, In London looked so sweet and civil, In Lisbon pitched us to the d—l ? My Miguel. Whose tyrant deeds e'en roua'd the spleen Of tyrant•loving Ab—rd—n To call thee names he did n't mean, My Miguel ? Who rules his realm with guns and drums, And sends poor devils to martyrdoms, With "little angels" round their thumbs? My Miguel. Yet, all ! atrocious as thou art, So well .thou play'st the Monarch's part, Thotert dear unto a Bishop's heart, My Miguel. For thine the sceptre and the purse, And where they are, 'twist bad and worse, It matters not a single curse, My Miguel. THE ANSWER. As welcome as a richer See Would prove to Ex—t--r, or thee, Thy kindly greeting comes to me, My Bishop. 'Tis sweet to think, whoever draws His sword against the people's cause, Is sure, at least, of thy applause, My Bishop. And whether 'tis Old Nick, or Nero, With morals, like my own, at z,to, Thou% hail him as the Church's hero, My Bishop. The world may hold thy " Nola" light, But, where men cone to ask their right, Thy "Nolo" may be trusted quite, My Bishop. Love to the Bench—should you and they Chance to I e ousted, some fine day, Pop over here to Lisbon, pray, My Bishop. For though 'twill doubtless dull appear, Without your thousands five, per year, You'll find some kindred spirits here, [Times ] My Bishop. * Thumb-screws, so called,—see Lord Morpeth's speech. FASHIONABLE INTELLIGENCE. ARRIVALS. The Duke of Grafton, in Clarges-street, from Fern bill ; the Earl of Cardigan, in Portman-square, from Dean Park; the Marquis and Marchioness of Lundon derry, and suite, at Holderness House, Park-lane, from Paris ; Baron and Baroness Dimsdale, in Albemarle-street, from Camfield-place, He: tw ; Lard and Lady Cowley, and the Hon. Henry Wellesley, in Grosvenor -street, from Fern-hill ; Mr. and L,dy Caroline Capel, in Charles street, Berkeley-square, from ditto; the Earl and Countess of Clarendon, in Ninth Audley-street, from ditto ; Viscountess Howick, in Whitehall-place, from Tunbridge Wells; the Hon. Arab his Crewe, at the Hon. Mrs. Cuntiff, Wiley's, in Grosvenor-street ; Count Hartz'eldt, in Lower Brook-street, from the Continent ; Lord and Lady Maryliorough, in Saville row, from Fern-hill ; Lord and Lady John Thynne, in Hid street, from Longshot. DEPARTURES. The Duke of Norfolk, from Arundel Castle, for Cowes; Mr. and Lady Eleanor Balfour, from Grosvenor-equate, for Brighton; Lady 'lngham, for Weymouth ; Sir Ro bert and Lady Wilmot, f,r Chaddesden, near Derby ; Sir Charles and Lady Colville, front Allpmarle-street, for the New Steyne Hotel, at Brighton ; the Earl and Countess of Lonsdale, and Lady Elizabeth Lowther, from Charles street, Berkeley-square, for ditto ; Lieut.-Gen. &miry, front Pall-mall, for the Continent ; Captain Russell, and the Baroness de Clifford, and fimily, from the Dowager Lady de Clifford's, in Carlton Gardens, ior Upton House, near Banbury; Mr. and Mrs. Villiers Shelley, from Bel grave-square, for Oakley, near Dorking ; Miss Boyle, from Sir Courtenay Boyle's, in Berkeley-stre a t, for Windsor Palace ; Admiral Sir John Beresford, fir Sheerness. THEATttICAL INTELLIGENCE. The receipts to Madame Malibran's performance on Sa- turday exceeded 5001 She repeats both the characters to morrow. Mr. Harley, Mr. Coop!r, Mr. Keeley ani his wife, Mr. Blanchard, and others, are already amongst Mr. Bonn's new envagements. Mr. Bunn's offer to Mr. Farren is, we understand, 801. per week far himself and Mrs. Emelt. The family have hitherto been in the receipt of 441. A provincial actor of greet celehrity in the old m,n, by name Rees, will be engaged at Covent-garden and Drury lane for the ensuing season. Malibran, Vestris, de slerie, and Zuchelli appear tcge tiler in the Marriage of Figaro on Friday nest at Covent garden. Weber's Opera of Euryanthe will be performed by the German company, cur the fist time in England, next Monday. CHAIRMAN ♦ND DEPUTY• CHAIRMAN. East India House, 27th May, 1833. Gentlemen,-1 have the honour to acknowledge the receipt of your letter of the 3d of this month, transmitting the resolu. tion which was passed by the ballot on that day at a General Court of Proprietors, in reference to the pending discussions on the Charter of the East India Company. Having laid that resolution before Lord Grey and the other members of administration, it is now my duty to convey to you the sentiments of his Majesty's Government on the subject. His Majesty's Ministers learn with satisfaction the result of the appeal to the ballot, and are happy to understand from it that the Proprietors, though not regarding with unqualified ap probation the plan laid before them, are, on the whole, pre pared to assent to its adoption, if it should receive the sanction of Parliament. The Proprietors, however, are of opinion, that it is not rea sonable that the arrangement should be entered into on the part of the Company, except on certain conditions; and to the suggestions thus offered, it seems to be expected that at least an approximation should be made. It is the anxious wish of his Majesty's Ministers to accommodate themselves, as far as is practicable, to the views and feelings of the Company. In this disposition, they have carefully considered the resolution of the 3d of this month ; and although not able im. illicitly to adopt all the suggestions contained in it, yet to some of them, and those the most important, they are ready to accede. They do so with the more pleasure, as they are glad to mark their sense of the temper and candour which have been evinced by the Court of Directors in their correspondence on the subject, and by the Court of Proprietors in the issue of the ballot. The Government do not think that a modification, to the extent which they now propose, of the plan as it stood when submitted to the Proprietors, will involve any sensible devia. tion from its essential principles. If in a slight degree its com. pleteness should appear to be impaired, or the efficacy of some of its provisions to be diminished by the change, they are of opinion that such partial and minute injury will be fully com pensated by the advantage of rendering the entire arrangement more agreeable to the Company, and of securing their cordial co-operation in carrying it into effect. 1 now proceed to notice in order the several points suggested by the terms of the resolution. With respect to the amount of the Guarantee Fund, the Court of Directors, in their letter of the 18th of March, 1833, recommended two millions. The resolution seems to contem plate a larger sum. His Majesty's Ministers, however, on the whole, prefer the former scale, and accordingly propose to fix it at two millions. With regard to the application of the Guarantee Fund as a security for the dividend, as well as the capital of the East India Stock, his Majesty's Ministers are disposed to agree to the prin ciple of the proposition. They do not, indeed, enter into the apprehensions which have led to that suggestion, believing the occurrence of the contemplated emergency to be very improba ble; but, in order to meet the views of the Proprietors, they propose that the dividend should by law have a preference to all other territorial payments in this country. In the event, therefore, of such an emergency as the resolu " tion contemplates, the necessity of raising money in this coun try to supply a temporary deficiency of remittance, will consist in the want of funds, not for the specific purpose of the divi dend, but for other payments, in aid of which the Guarantee Fund would not properly be applicable. But if the extreme case of such an emergency should occur, advantage may be taken of the Guarantee Fund without a re course to an absolute sale of Stock. In such case, let the Home Government be empowered to take means, either by the issue of bonds, by giving bills in the nature of Exchequer bills, or by pledge, or deposit of stock, in short, by some mode of engaging the credit of the fund, to borrow from time to time, as often and as much as may be necessary to provide for the payment of each half-year's divi dend ; instructions being at the same time issued to the Indian Government, to remit sufficient to discharge the sum which may be so raised, with its accruing interest. With respect to the various points included in the second suggestion, his Majesty's Ministers agree, First, " That the Company shall continue to administer the government of India for a defined period." My opinion as to the expediency of such a limitation I have before stated to you. It is indeed still my belief, that the best security for the duration of the proposed arrangements will be found in the sanction which, as his Majesty's Ministers are per suaded, experience will give to the practical benefits of its operation. But, having communicated my impressions on this point, I have no indisposition to yield to those of the Company; and his Majesty's Ministers are prepared to recommend that the term of Government should be fixed for twenty years. I do not know if the words " exercising the same powers as the Company now possess under their Charter," are here intro.. duced with any specific reference. To the general propositions which they express, his Majesty's Ministers have, through me, repeatedly declared their adherence; and they are not aware that it is, in the slightest degree, impaired by any modifica tion they contemplate in the existing system. Whatever changes Parliament may in its wisdom see fit to adopt, will, I doubt not, be made without detriment to the substantial authority of the Company. It is possible that the words in question have been inserted in consequence of the hint thrown out in the Memorandum, that the Board should have a veto on the recall of Governors and Military Commanders in India. In order to obviate mis construction, I avail myself of this opportunity to inform you, that it is not the intention of his Majesty's Ministers to insist on the suggestion just mentioned. His Majesty's Ministers agree, Secondly, " That if at the expiration of the term, or at any subsequent period, the Company are deprived of the political government, the proprietors shall have the option (at three years' notice) of being paid off at the rate of 1001. for every 5/. ss. of annuity." His Majesty's Ministers agree, Thirdly, " That the Proprietors, whenever paid off, shall be entitled, if they see fit, with their capital, or any portion of it, to resume their undoubted right to trade, which it is now pro. posed should be in abeyance." I now arrive at the third of the suggestions contained in the resolution. To the first part of it, which, if I rightly apprehend its pur port, is simply a provision for the maintenance of the principle of the existing law, there can be no objection, it being clearly understood, that in future no expense of any kind, excepting only the details of the Home Establishment expenditure, as explained in my letter of 14th March, 1833, shall be incurred without the previous sanction of the Board. The second part of this suggestion is couched in the follow. ing words : " That sufficient powers be reserved to the Com pany to check, by a system of publicity to both Houses of Par liament, or by some other means, any acts of the Board which may appear to the Court to be unconstitutional, to militate against the principles of good government, to interfere with substantial justice to our allies, or to invalidate or impair the security for the dividend." I beg to assure you, that his Majesty's Ministers have taken this suggestion into their consideration, with a sincere desire to discover some safe and unexceptionable mode of satisfying apprehensions, of which they confess themselves, at the same time, unable to perceive the justice. I must fairly state, that hitherto no plan has either occurred to themselves, or been suggested by the Court, which does not seem liable, on public ground, to grave objection. If any practicable expedient can be devised for the purpose, they will be prepared to entertain it; but I must say that they have too carefully considered the subject to have much expectation of such a result. To the proposition contained in the fourth suggestion," That a sufficient power be retained over the commercial assets, to enable the Court of Directors to propose to the Company, and ultimately to the Board for their confirmation, a plan for making suitable provision for outstanding commercial obligations, and for such of the commercial officers and servants of the Company as maybe affected by the proposed arrangements," his Majesty's Ministers, although not aware of any peculiar occasion for its adoption, see no reason to object; reserving always (which of course is understood) the full power of the Board to act in the matter as their duty and responsibility may, in their judg ment, require. , - I have now laid before you the modifications which it is in tended to admit into the proposed plan, and I have no doubt that the proprietors will justly appreciate the spirit in which they are conceded. The main principles being thus adjusted, we are, I conceive, arrived at the stage of our negotiations, at which the subject may be submitted to more general discussion; and I think that I shall best consult the wishes and interests of all the parties concerned, if I take the earliest opportunity to bring the sub ject under the consideration of Parliament. By the Legislature the various parts of the measure will be fully canvassed and finally arranged; and the result will, I rust, be no less satisfactory than advantageous to India and to he empire at large.—l have the honour to be, Gentlemen, Your most obedient Servant, CHARLES GRANT. (Signed) The Chairman and Deputy Chairman of the East India Company. LETTER FROM THE CHAIRMAN AND DEPUTY CHAIRMAN TO THE RIGHT HUN. CHARLES GRANT. East India House, May 29, 1833. Sir,—We have had the honour to receive, and to lay before the Court of Directors of the East India Company, your letter dated the 27th instant, communicating the sentiments of his Majesty's Ministers upon the points embraced in the resolution regarding the Company's Charter, which was passed by the General Court of Proprietors on the 3d of this mouth. The Court of Directors acknowledge with much satisfaction the several modifications of the plan of Government which your letter announces, and they are persuaded that their constitu ents, equally with themselves, will appreciate the spirit of frankness and conciliation in which those modifications have been conceded. There now remain two points upon which the view taken by the General Court differs from that of Ministers: the amount of the Guarantee Fund, and the expediency of authorizing publi. city being given, in certain cases, to the proceedings of the Board and the Court. We must candidly state to you, that both of the. e points were deemed by the General Court to be of vital consequence, and that the concurrence in the basis of the scheme which is implied in their late resolution, appeared to be mainly depen. dent on the Guarantee Fund being extended as far as that re. solution contemplates, and on such a measure of publicity being sanctioned as is necessary to insure good government. We are, of course, aware that the late Court of Directors proposed that the sum to be set apart as a Guarantee Fund should be increased from 1,200,0001., to about 2,000,0001., the amount at which his Majesty's Ministers have consented that it should be fixed : but when that proposal was made, nothing definite had been arranged regarding the term of the annuity, and the view taken•by the Proprietors is, that at the expira tion of the term (since limited to forty years) the Guarantee Fund with its accumulations should be equal to the capital then to be discharged. By adopting this suggestion, the sum to be set apart, instead of two millions, would not fall far short of three millions ; but the financial difference to India, between applying one million in the liquidation of territorial debt, and investing it in Eng land, would be comparatively trifling. In the one case, indeed, there would be an immediate reduction of charge in India to the extent of the saving of interest from the discharge of debt ; whilst, in the other case, the interest on the sum invested would accumulate at home : but the accumulation would be expressly for the purpose of enabling India to pay off a debt ; and you will no doubt concur with us in thinking, that it consists with sound financial policy that India, being required at a fixed period to discharge an obligation, should provide for it, so as to obviate " the necessity of any particular effort for that purpose," as was observed in your letter dated the 14th March last. We submit then, that the principle which the Proprietors have recognised is just and expedient, both as affording to them a security that there will be the means to redeem their capital at the time appointed, and as assuring to India the posses sion of those means without having recourse to fresh loans. The same principle might perhaps be maintained, consist ently with a limitation of the funds to two millions, by de termming that the annuity should be irredeemable (unless at the option of the Proprietors in the contingency separately pro vided for) until the Guarantee Fund shall have accumulated to twelve millions : but this arrangement would not be so satis factory to the proprietors as an extension of the fund; and the Court must earnestly press upon his Majesty's Ministers their decided opinion, that the Company are, upon every principle of justice, entitled to retain out of the commercial assets the very moderate sum of three millions. The manner in which it is proposed to meet the views of the Company with respect to a security for the regular payment of the dividend is satisfactory to the Court, provided that it form part of the enactment, that the guarantee fund shall in no case be used for, or considered applicable to any other object, than to secure to the proprietors their capital stock and their dividend. . . The suggestion of the General Court, that publicity should, in certain cases, be given to the proceedings of the Board and the Court of Directors, arose from a feeling that, in the im portant duty of administering the government of India, those authorities should constantly act under the strongest sense of responsibility to the legislature. The mode in which the General Court have sought the attainment of this desirable object is not, we think, correctly understood by his Majesty's Ministers. We admit that the terms in which this part of the General Court's resolution is couched may appear to imply a desire that Parliament should constitute either itself or some separate tri bunal as a Court of Appeal, to which the Directors might re sort upon occasions of differences with the Board .; but we have no hesitation in declaring that, in our judgment, such a measure was not within the contemplation of the General Court. Although the Court of Directors did propose that there should be some appeal upon the merits of cases of a very pecu liar kind, yet they cannot but perceive, that any appeal, if re sorted to generally, would produce delay and expense, which it was one object of the General Court to avoid; and we are per suaded that the many evils which experience has shown to re sult from the difficulty of giving prompt effect to the final orders of the Board, might be fully obviated by a simple enact. ment, requiring that whenever the Court shall pass a resolution of protest against orders or instructions given by the Board, after remonstrance on the part of the Court, such resolution of protest shall be laid before both Houses of Parliament. Seeing, then, that the object is not the creation of a Court of Appeal, but only the communication of a fact to Parliament, and which, as it will be made after the orders are despatched, will not have the prejudicial effect in India which, when colli sion between the Home Authorities now takes place, must result from that fact becoming known to the local govern ments, simultaneously with, if not before the orders, we can not but hope that his Majesty's Ministers will concur in a pro.. posal which is calculated, in the opinion of the Court, to secure the independence of the Company under the new system, to check unnecessary controversy, to prevent expense in legal proceedings, and to accelerate the progress of the public business. If the King's Ministers shall be pleased, under the explana tions which we have offered, to acquiesce in the wishes of the proprietors, regarding an extension of the guarantee fund and the question of publicity, it will be unnecessary, in the present stage of the negotiation, for the Court to do more than to com municate to the General Court the further correspondence which has passed upon the subject; but if, contrary to the anxious hope of the Court, Ministers should decline their con currence upon these points, it will obviously be necessary to consult the proprietors whether or not they will consent to the basis of the proposed compromise, upon terms falling short of those specified in their late resolution. We have the honour to be, Sir, Your most obedient humble servants, (Signed) C. MARJORIBANKS, W. WIGRAM. The Right Hon. Charles Grant, &c. &c. &c. LETTER FROM THE RIGHT HON. CHARLES GRANT TO THE CHAIRMAN AND DEPUTY CHAIRMAN. India Board, June 4, 1833. Gentlemen,—l have had the honour to receive the letter dated the 29th of May, and marked " secret," in which you state the sentiments of the Court of Directors in reply to that which I transmitted to you on the 27th of May. While I acknowledge the spirit of courtesy which has in duced the Court of Directors to address me in a confidential manner, I cannot but express my regret that my communi. cations have not proved altogether so satisfactory to them as I could have wished, and, indeed, as I ventured to anticipate. Impressed with the importance of settling the East India question, and anxious at the same time to testify a just defe rence for the Court of Proprietors,lby yielding to their sugges tions, whenever such concession was not incompatible with the principle of the Government plan, his Majesty's Ministers wil lingly acceded to nearly every modification contemplated by the resolution of the 3d of May. It seems, however, to be impressed on the minds of the Court of Directors, that the plan, even thus modified, fails in affording to the Company that full security for their fu ture welfare and efficiency which, both in their proprietary character and as the intended organ of Indian Administration, they are entitled to require; and, with a view to the pro viding of such security, the Court conceive that, in two re spects, further concession should be granted. The one of these two points relates to the guarantee fund, and the other to the communication proposed to be made, in certain cases, of mat. ters which shall have divided the Court and the Board, to both Houses of Parliament. It is my present object to offer some explanatory observe. tions, which will, I trust, prove that on both points the Court are under some degree of misapprehension; that there is no necessity for any farther modification of the Government pro positions, inasmuch as, in virtue of the plan, or under its operation, the Company will, for every practical purpose, pos sess all the security which can be desired; and consequently, that no reason exists, why they should feel any hesitation in closing with the overture of his Majesty's Ministers. In respect of the first of the two subjects alluded to, namely, that of the Guarantee Fund, you appear desirous of maintain ing the following principle : that the sum to be set aside shall be sufficient, with its accumulations, to redeem the annuity of 630,0001. at the expiration of the period during which it is to remain irredeemable; and you suggest that, in the event of Ministers not consenting to such an increase of the Guarantee Fund as shall, on reasonable calculation, insure an amount of twelve millions at the end of forty years, then the period of re demption shall be prolonged, until the fund limited to two millions shall, by dint Of accumulation, attain to that amount. I hope, on this point, to satisfy you, that no provision of the nature alluded to is requisite. I will not now enter into the question, how far it may be proper or expedient to provide a fund, in order to meet the pay. ment of the capital at the period prescribed. The convenience of such a provision, to a certain extent, I have admitted in my letter, to which you refer, of the 14th of March. Its effect must be, as I have there stated, to spare pro tanto the neces. sity of a particular effort to raise the sum required for the re. demption of the annuity. But, though admitting the principle thus far, I do not think it of unlimited application, nor can I concur in carrying it to the extent now proposed. On the con trary, his Majesty's Ministers entertain a confident persuasion, that an accumulated fund of eight, or even of six millions, would be amply sufficient to obviate any financial difficulty in effecting any arrangement that may be suggested by the condi. tion of paying the full amount of twelve millions. With respect to the extension of the period for redeeming the annuity, it cannot have escaped the observation of the Court, that whenever Parliament shall avail itself of the op tion of redemption, that redemption must be effected at the rate of 1001. for every 5/. 55., as expressly provided for in the Paper of Hints. Should it be resolved, therefore, by the Go. vernment and Parliament of the time, to redeem the annuity of 630,0004 before the Guarantee Fund shall have swelled to the amount of twelve millions, they can carry this resolution into effect only by raising the additional sum necessary for that purpose, and thus placing the Proprietors precisely in as good a condition as that in Ohich they would have stood, if the fund itself, with its accumulations, had attained the required amount. On the other hand, should the Government and the Parlia. ment not see fit to exercise their optional power of redeeming the annuity before the Guarantee Fund shall have risen to twelve millions, then the consequence ipso facto must 1).4 that the Proprietors will continue in the receipt of the annuity of 630,0001. until the time arrives at which the accumulated fund shall reach the proper amount. It is therefore obvious, that under the proposed arrange ment the Proprietors are secure of one or other of those alter. native advantages which the Court are so desirous of obtaining for them. If paid off before the period at which the Guaran. tee Fund shall have become twelve millions, they will have the same advantage as if the fund provided had been larger; if not paid off before that period, they will have the same advantage as if the term of redemption were extended. I now proceed to the second of the two points on which the Court are solicitous for further concession. I allude to the proposition that, in any case in which orders India, by the overruling authority of the Board, been protested against by the Directors, it shall to the Directors, after the transmission of such their resolution of protest before both Hous ment. This proposition has engaged the rem tion of his Majesty's Ministers; and, notwith explanations of the Court, the Ministers can. comprehend the grounds on which the propos] strongly pressed. If the Court mean only that' have the power of inviting the attention of Parli matter of public policy which has placed them in the Board, and which is, in their opinion, of a for such a proceeding, it is plain that this powr longs to the Court, in the constitutional privil common with all the other subjects of the 11 doubtedly enjoy, of approaching either House by petition. Of this privilege, and of all that which it necessarily involves, to the judgment . Lure and to the arbitration of public opinion, and with which they are thus provided of checking unconstitutional proceedings on the part of th, of the Home Government, they are already in sion. No new recognition of the existence of can be necessary; and probably the exercise of ther embarrassed than assisted, by any attempt to P' — c o. the mode, or to define the occas i ons of putting i t in 6 v s , But if any power materially different from this be c 0 1 p plated, his Majesty's Ministers must declare themsel/ P - able to accede to the suggestion. It might, inde 6 t t o! enough for them to observe, that the proposition Is indistinct to be accepted in its present form ; but they r o to it on independent gr o un d s. Th ey are satisfied tha t '. all practical purposes, the C our t are already invested nritho4 cient powers; and they cannot but object to the intr ro . Lion into the system of th e H ome G overnment of al cipte of which they can no t a d m i t t h e necessity, an d ni whatever be the precise shap e th a t it may assume, cann_ut Pd' _ sd i to operate, as they apprehend, very prejudicially to the In u r of good government. The observations into which I h ave t h us entere d, will , hope, be thought suf f icient to establish the position with W 7 . 1, I set out ; namely, th a t a ll th e secur i ty which the CoinP7 o either as Proprietors of Stock or as Governors of reasonably desire, they already possess. D( In now coming to a close, I feel it my duty, on the r i v i, his Majesty's Minist ers , t o request that the present conl o cation may be considered as final. It will not, lam persuaded, b e ascr ib ed to any want le‘ spect, or to a wish for premature or precipitate judgment,o, further feel it my duty, on the p ar t a l so o f hi s Majesty's f°oo sters, to ask, that on the essential principles which fora basis of the Government plan as it here stands, the Cowl will be pleased to pronounce an opinion unconditional'' , conclusively. It is not for me to anticipate their decision, furthes the D , saying that I look forward to it, not indeed without a d i e :; u p of solicitude, but on the w h o l e w i t h sanguine hope- 11,01 Sion has smoothed dow n th e di screpancies between the vitsf: sentiments of the Company and those of the Government, has shown that those discrepancies were more apparent ! i f real; and though to some extent a diversity of opinion to still be expected to subsist, yet I cannot but persuade lliP eu ,s the definite determination of the Directors will be, to res,{ mend the plan to the adoption of their constituents, and their advice will be followed.—l have, &c. O (Signed) CHARLES PRAT The Chairman and Deputy Chairman of the East-India Company. COAT A SECRET COMMITTEE OF THE WHOLE -Vir" Held on Friday, the 7th June, 1833. let° The Committee resuming th e cons id erat i on o f the 4J from the Right Hon. Charles Grant, dated at the India V O4 the 4th instant, in reply to the letter from the Chairma n Deputy Chairman of the 29th ultimo; The Chairman submitted the following motion viz. iA " That this Court continuing of opinion, that the '° which it is suggested, in the G enera l C ourt ' s reso l u tion ' o w 3d ultimo, that the Guarantee Fund should be extended, 15 41 1 sistent with sound principle and with justice to the reas° t V expectations of the proprietors, and continuing also to that some rule of publicity would be necessary, und er 4t new system, to preserve the independence of the Cogne and to secure the good gove rnment o f Ind i a, regre t thz7, are compelled by a sense of d u t y t o d ec li ne to recononen the proprietors to depart from th e i r reso l ut i on in eith e r these respects." And the question thereon being put, It passed in the negative. It was then moved, and on the question, SnI P Resolved, That the following mi nu t e an d re solution be mated for the adoption of the Court, viz. : letler The Court proceeding to take int o cons ideration the toj from the Right Hon. Charles Grant, dated the 4th instat e " observing that the several suggestio ns con t a ined in the ral Court's Resolution of the 3d ultimo, have been adopted of his Majesty's Ministers, with the exception of the amo un t the Guarantee Fund, which, however, Ministers havee except; shall be extended to two millions ; and also of what relates to the giving publicity, in certain to the proceedings of the Board and the Court; oe " Resolved, That although the Court must be permitted to think that the mode In which it has been suggested . ,b l t be, General Court, in their Resolution of the 36:1 ith a Guarantee Fund should be extended, is only consisten t ; f ,. what is justly due to the reasonable expectations of the b io prietors, yet perceiving, as the Court do, with satisfacti °n 'ty admission by Mr. Grant of the principle contended for Id ft Company, to the extent that, if paid of before the Pe r ', ;o ol, which the Guarantee Fund shall have become twelve On' il yd they will have the same advantage as if the Fund provid7 b o4 been larger ; if not paid off before that period they vilu e the same advantage as if the term of redemption We r Locll tended;' and considering also that, by the modification . w ter isi Ministers have allowed, the Company will obtain a viii bf addition to the amount first proposed, and the Fund st aid available to secure the Dividend as well as the Capit° l . , b th/ this Court are prepared to recommend, that if it 01 00 " 0 00 1 pleasure of Parliament to limit the sum to be set apar t with the c millions, the Proprietors should defer thereto. hsf e " That this Court adhere to the opinion w hi c h the/ to repeatedly expressed, that some measure of publicityr r 1 a' exercised as a rule, not as a privilege, will be nec e to l e , preserve to the Company, under th e a lt ere d circurnat 3 " de gfr which the plan of Government will place them, tb a al t deo° 1; of independence which is req u i re d t o ena bl e t h e m e: sp d to perform their part i n th e government of India'oleo" the Court entertain a confident ex p ec t at i on t h a t FerP-ofi' taking the same view of the su bj ec t, w ill ma k e suitable pr , sion accordingly. P t " That as, notwithstandi ng thi s exception, sollP e , i 'Tg - t pB Proprietors to concur in the recom men d a ti on respeci e ee‘ e amount of the Guarantee Fund, the Company's aetle:pe (le' in the essential principles whi c h f orm th e b as i s of `,,,perr vernment plan,' as modified in conseque nce of the '' ol jjoi Court's late Resolution, will have b een ex p resse d so 1 0 t ec o4 of its being brought bef or e Parliament, it will be un o do e 7, to adopt any further proc ee di ng a t present, as t h e quel placing the Company's paramount commercial rightsol their Charter in abeyance cannot b e conc l us i v ely d ec .; obi t c" - the Proprietors, until they have bef ore th em th e Bill OP I Parliament may propose to give effect to the plan, the bat of which has yet been agreed upon. Pi e° " That a Special Ge nera l C our t b e summoned rijitil on Monday next, the 10th i ns t ant, f or the purpo se b' os etr before the Proprietors th e f urt h er corresponden ce s t with this Resolution." .„,. n ute r A report to the Court, su b m itti ng the forego i ng a .' Resolution was approved and signed. A teenhues s arteaAeareßmtTami Reportnoi same was nti, A he eunf;rtni Grant,o SmFEdutCanhtßdee dated should toh. C el dO 4thUb Committee e R Toinf instant, extended,ahFne tDIRECTORS' Iv,,i,Whole oicloehnlwasy C o urt' cos, . I, Of g :re eo: Held feos:l: uwt o ii o i n t ng F d r u i ap d yon y , a , nt t hd h e e rl 7 ee t fte h t re r J rf n r o e t , mo l 830 theh e . ICI, ic el, 4 tofco Majesty's c t c3 .hrbholouohensii Court'sT, Amuraa s ensrrrhhui n d adti ye Minute oictnag,Rhonetbuedhesrs Resolution saidthat submittingfortheCourt's Minute and Resolution having been read ; , sdi: : or a wsn p .h. p ic r wc o hhi v t e approved , e , t shbeGe however,i re n ax g . te a s, Ministers p dtiaotiedated follows, oftht heh e e i avt . aeh , r ;ars te doe:: 1:er; nseveralof proceeding the t s3 o uci t g a ug k let e si ti ultimo into consideration ave been contained aidnotphi t , e ; e : oot i fi ct r: o : l 4 : be extended to two millions ; and with the exception' to t what relates to the e al g th iv o i u n g g h pub th li e cit c y, ou in rt e m er u ta s i t n .., e_::_ e g ' e s ot.ho ..l proceedings of the Board and the Court ; Ilr" he pat! ' Pi still to think that the mode in which it has been 5 7, 1 - i no, ''',.ol the General Court, in their resolution of the 3d n' - , ist,%" e with what is justly due to the reasonable expeetatlf:sion proprietors, yet perceiving, as the Court do, with ', t et t f O l an admission by Mr. Grant of the principle conten. e p er , the Company, to the extent that, 'if paid off before th wil t at which the Guarantee Fund shall have become twelveted ji e they will have the same advantage as if the fund PO I , I O O O O been larger ; if not paid off before that period they Wi l , e olet l : o same advantage as if the term of redemption were el"„, ;o ist and considering also that, by the modifications which n e on n have allowed, the Company will obtain a material an:°;oje,l; the amount first proposed, and the fund will be i n v,, ° ; 40 4 l'',,i secure the dividend as well as the capital stock ; ths . ' e ' ss oe_ i. "" prepared to recommend that, if it should be the P I 00 0 " i Parliament to limit the sum to be set apart to tw o re , the Proprietors should defer thereto. ha ve er• That this Court adhere to the opinion wh ich they De 0 e peatedly expressed, that some measure of pu blicity, t° ,oer l , „ cised as a rule, not as a privilege, will be necessary to.1"00,e. to the Company, under the altered circumstances In i t od the plan of Government will place them, that degre t e ° I , l e, pendence which is required to enable them eflicienca_rcor. form their part in the government of India ; and 1 1 0% tll" , entertain a confident expectation that Parliament, in „ D O same view of the subject, will make suitable provision •-- ~,, e; dingly. • • i g 1...- os• That as, notwithstanding this exception, supposing ,wo e prictors to concur in the recommendation respecting the . o tp, of the Guarantee Fnn d, the Com pany' s acquiescence eln.,oel): essent i a l principles which form the basis of " th e Gov. I . o ' a t l i plan," as modified i n consequence of the General ~00, itslatebreei n so g l resolution, ht will before hav e p b ar e l e i n am e e x n p t r , es i s t e w d 1 llsboeaus n n t o e_ce n e i tsioaro y , o ° 4i , adopt any further proceeding at present, as the qn. na. t ' e placing the Company's permanent commercial r c ir i v . 1) :: their charter in abeyance cannot be exclusively de 01 . eu _ . gs ,loo proprietors, until they have before them the Bill 07 1 1 ‘ 't ha 14 tant: - ;lthe It 4ti °4 t t idy : 14e nc'el Nen hav e you] Ana t4 ° cl ' tiers ai Of h . O k i kilt( I N fur 4Pectinj t " 4 1 f I bti L t • o im to giv whi R 3'' Gov expedie I thAt 'avoid th Agag sem ay %fie ~ ° fally c tk , 4, 0 dot Oar o f pig aetaiL Corm s l _ , a rid tt ‘lf the e C t air% plod an oh s ► lard ki t e° b ! y ":41 ,_,40 rnay 1 rs desprer u tt ebich hae lard, eb2 Ti li l ? t rial nbe ers lif the lc to , h orderet.,,, tors tl woes of 5 : 0 0, : renewe d .. ,it tt . f a tette ithstanalo, ng a CO annot 1 0 %i . 1 ropositioe ;t ''. t they oul , , „ nu [ rliament t V . eof an .n collisi° ll ,l e e orres; ' a nature wli illeisters wer alresdj i, i 4 to th rilege wh2A ''° p rt. realm, tr ,„„_ ° t an al eof Parsvit 4'011410 right of_ al" 'erther . of the 1A pa tbort end of the eir oti 44 4 wil ig any i ll .. 00). oo )4, he other 1 secure FLP It "it wou ld be .,,fi It ' .t u of such 3 r 0 'MIX 1