The Sun. — London, England, 1845-04-26 00:00:00

IMPERIAL PARLIAMENT. HOUSE OF LORDS, April 25. The Lonn CHANCELLOR took his seat on the Woolsack at Five o'clock. MA YNOOTH. Tie Earl of CLANCARI Y 'presented a number of peti tions from Athlone, Nilmore, and several other places in Ire land, against the grant to Maynooth. Lord DACRE presented several petitions from Birmingham, Handsworth, and other places in the neighbourhood, to the same effect. Lord CAMPBELL said that, in the fulfilment of his public duty, he had felt obliged to present several petitions against the grant to Maynooth ; but he had now the plea=ure of presenting one from Porto Bello and the neighbourood, in favour of that grant. Petitions were presented against the grant, also, by Lord Monteagle, the Duke of Richmond, and by the Marquis of Breadalbane, from a great number of the congregations of the Free Church in Scotland to the same effect. The Bishop of DURHAM presented various petitions from the Archdeacon and clergymen in the different parishes in his diocese against the grant to Maynooth. Lord KENYON presented petitions against the union of the sees of St. Asaph and Bangor, and praying for returns of what the clergy received in those dioceses from 1'433 to 1545. Lord NORMAN BY presented a petition from a parish in Wilts a4ainst the grant to Maynooth, and also a petition from Droitwich, in favour of the establishment of local courts for the arrangement of small debts. ECCLESIASTICAL COURTS. Lord COTTENHAM presented a Bill for the consolidation of the Juri diction of the Ecclesiastical Courts in England and W a les, in conformity with the reports of the Commissioners in 16-36. Tne Bill was read a first time. INSOLVENCY ACT. Lord BROUGHAM presented a petition in favour of the revision of the Insolvency Act from the traders and merchants in London. At all events, there ought to be something done in the present sess ion of Parliament to relieve these tradesmen, and unless somebody else came forward to no it he should feel it to be his duty to apply the remedy. He would much rather, however, that the remedy should come from a recommendation of their Lordships' House. Lord COTTENHAM did not think there was any necessity to make any inquiry into the subject, because it was suffi ciently plain that the operation of the 201. clause-- Lord CAMPBELL had received numerous applications to bring the subject before their Lordships, and he was glad at what had fallen from his Noble and Learned Friend (Lord Brougham). Still it would be much more satisfactory to him, and, he thought, to the country, if the Government were to try to propose a remedy. The LORD CHANCELLOR said his N,b'e and Learned Friend's Bill was sanctioned by a Committee of their Lordships' House, and he would suggest that the Bill itself should be re ferred back to that Committee for reconsideration. Lord ASHBURTON said, that in legislating upon this subject, the House had displayed a reckless want of considera tion for the chief sufferers ut.der the law, viz., the unfortu nate creditors. He concurred that some remedy ought to he introduced, but %vas not desirous of returning to the old system of imprisonmt nt for debt. Lord BROUGHAM was understood to give notice that on a future day he would move for a Committee to inquire into the operation of the law passed last session. The LORD CHANCELLOR had no objection to the ap pointment of a Committee, and remarked that if it turned out that they had gone too far, it would be necessary for them to retrace their steps.—The subject then -dropped. MAYNOOTH. The Earl of WINCHILSEA presented petitions from Pat ton, and several other places in Northamptonshire, and from Spittlegate, in the county of Lincoln, against the grant to N aynooth. The Marquis of LANSDOWNE presented a petition from St. Leonard s, in Wilts, against any provision for the education of the Catholic clergy. He also presented a petition to a directly contrary effect from a considerable number of Protes tant Dissenting ministers presiding over the:Presbyterian con gregations within and without the cities of Landon and West minster. The Duke of NORFOLK presented a petition from the Roman Catholics of London, Liverpool, Cheltenham, and several other places in England, praying that the Legislature would pass the Bill for making the grant to Maynooth, and thanking the Government for the introduction •f the measure. Not having signed the petition himself, he would take that opportunity of thanking the Government for the consideration it had shown for the necessities of his Roman Catholic fellow-subjects in Ireland. The Marquis of LANSDOWNE said that since the time when he had the honour of introducing a measure for the relief of his Roman Catholic ;fellow-subjects from all civil disabilities, some sixteen or seventeen years had elapsed. During that time the Roman Catholics had been admitted to scats in both Houses of Parliameat, and many other ffices in the State, and that, dnring the whole of that time, not a shadow of blame or imputation had been brought against them. What he would ask was the reason for this ? for there was nothing in their peculiar education or social position which could have placed them in the honourable position which they held in the country. It was their sense of duty alone that could have secured it, and he now, on the plea of this conduct, wished to extend the same advan tages to their co-religionists in Ireland. The great portion of the population of Ireland must look for religious instruction, and it was the interest of all that they should receive the best religious instruction possible. Having for many years been most anxious that a measure of this nature should be adopted by her Majesty's Government, he was prepared—now that they had adopted it upon their own responsibility, and above all, when he perceived that by so adopting it, they had incurred a certain portion of odium and responsibility—he was prepared to say that he was ready to claim his full share of any such odium and any such responsibility.—( Hear, hear.) He not only agreed with the principles of this Bill, but he thoroughly and entirely approved of the particular provisions contained therein.—( Hear, hear.) He by no means under stood the objections of those who were opposed to it on pecuniary grounds. He did not stand there for the purpose of saying that the Roman Catholic Establishment could never be made subject to the St ate ; but he would say that the connexion of the maintenance of the Roman Catholic Church with the reduction of the Established Church would give rise to great inconvenience, inasmuch as any future want would give rise to a corresponding reduaiien on the other side, as it would then be considered the only fund from which it would be right todraw. He considered that two objects would be attained by the Act, or at all events by the other Acts which would follow it, and he trusted there world be one for the intellectual im provement of the people of Ireland. In the first place, the Bill would be doing an act of kindness in a way that would be the most satisfactory to the Irish people; and in the next place, it would have the effect of greatly diminishing theological conflicts in both Houses of Parliament. The Marquis of LONDONDERRY presented a petition from a parish in tie county of Durham, signed by the whole of its adult populat-ion, consisting of thirty-five persons in favour of the Bill, and two petitions from the county Down against it. The Noble Marquis concluded by saying that, if her Majesty visited Ireland, she would meet with more cordiality than had been shown her in any country that she had yet visited. The Duke of WELLINGTON—I will tell her so to-night. The Earl of SHREWSBURY expressed his concurrence with the measure, and his gratificati,:n with the manner in which it had been received.—The House then adjourned. HOUSE OF COMMONS, April 25. The SPEAKER took the Chair at Four o'clock. The Paisley Gas Bill and the Fol!mire lnclosure Bill were read a third time snd passed. I 3 IRKENHEAD, MANCHESTER, AND CHESHIRE JUNCTION RAILWAY. Sir P. EGERTON moved that the Birkenhead, Manches ter, and Cheshire Junction Railway Bill be permitted to pro ceed, the promoters being required to introduce clawes pre venting them from taking the property of Mr. J ames St anton, in the parish of Runcorn, without his consent, and from taking any property in the parish of Ince, for the purpose of conitruct ing the branch railway from Elton to Upton. Mr. EST COURT said that the effect of this motion, if agreed to, wou!d be to overturn the decision of the standing orders of the Committee, and therefore felt bound to oppose it. A discussion then arose in whiekMessrs. Tollemache, Milne Gibson, Verner, and Smith, took part. Lord GRANVILLE SOMERSET believed that it would be mischievous to allow such a precedent to be made, and he trusfrd the House would resist the measure. Air. DUNCOMBE said that this was a case in which they might allow some relaxatiun to take place. 111 r. A GLIO.NI3Y thought that, ai the standing orders had not been complied with, they ought not now to proceed with the Bill without the means of inquiring into it, and they ought not to go into any general notion of what was good. The House then divided, when there appeared._ For the motion ... Against it Majority —ls On the motion of Mr. HAMILTON, the Dublin and Bel fast Junction Railway Bill was read a second time. On the motion of Lord BERNARD, the Cork and Bandon Railway was read a second time. Colonel PEEL. prevented a petition in favour of the London and York Railway. Mr. GROGAN presented a petition from the Right Hon. the Lord Mayor of Dublin in favour of the Pipe Water Bill. AGRICULTURAL AND COMMERCIAL BANK OF IRELAND. Mr. GROGAN moved the second roading of the Agricul tural and Commercial Bank of Ireland Bill.. Mr. WATSON opposed the second reading. He said that, in 184 ', the bank stopped payment. The managers then applied to Parliament for a Bill to enable them to wind up their affairs. 'They had taken no satisfactory steps to carry out the object. and he did not think they had any claims to come be fore Parliament now. Ho concluded by moving that the Bill be read a second time that day six mantlis. The SOLICITOR-GENERAL suppported the second reading of the Bill. The object of the Bill was to enable the Committee of Management to call upon individual share holders to contribute equitably to the liquidation of outstand ing liabilities of the concern. His Hon. and Learned Friend said that he objected to this because it was a partial measure, and that a general Bill for Ireland should b introduced on the subject. He (the Solicitor-General) admitted the validity of this argument, but as he did not understand that any inten tion existed to introduce such a general measure he sup ported the present Bill. The question before the House was whether the present measure et as in itself desirable and just. He lbotiglit it was, and therefore he supported it. He put it t o hi, Honourable and Learned Friend whether, under the cir cumstances, he was not prepared to let the Bill go into Com mittee, and if any person could then make out a case against it, an opportunity would he afforded to such persons for so doing. Mr. BARRY BALDWIN o bj ected to the second readin g . of the Bill, which, if it were passed, would afford to unprin tilled persons an opp or t un i ty of ruining innocent parties. - Strangers were then ordered to withdraw, and the House divided, whim there appeared-- For the second trading of the Bill Against it 58 Majority in favour of the second reading 11 GOOLE AND DONCASTER RAILWAY. Mr. B. DENISON said that, on the 21st of April a p. tition had been presented, by the Hon. M em b er for Berwick, against the Goole and Doncaster Railway. That Hon. Mem ber was ill, and, in his absence, he moved that the petition be referred to the Committee of Selection on Standing Orders. _A g reed to. The HON. GENTLEMAN then presented several petitions in favour of the London and York Railway. Sir J. TROLLOPS anti another HON. MEMBER presented petitions in favour of the Lincoln and Cambridge Railway. Mr. B LEWITT presented a petition against the South ampton and Dorchester Railway. On the motion of Mr. COLLETT, the Wexford and Carlow Railway Bill was read a second time. FOULMIRE INCLOSURE. The Foulmire Incleisure Bill was read a third time and passed. CAMBRIDGE AND LINCOLN RAILWAY. The CHANCELLOR of the EXCHEQUER presented a petition from the Vice-Chancellor and Senate of the Univer sity of,Cambridge in favour of the Cambridge and Lincoln Rail way NOTICES OF MOTION, Mr. MUNTZ -gave notice that, in the Committee on the Bill fur regulating the practice of physic and surgery, he should move the insertion of a &rife making it imperative on all practitioners to writr their prescriptions in plain English— (A laugh )—and on all drugg lots and anotheearie3 to label their bottles, &c., in plain Eng .—(Reneied laughter,—from and after the Ist of Ja-uary, 184 i. Mr. Sergeant MURPH Y gave notice that on Thursday, the Ist of May next, he she 'old move that the House do resolve itself into a Committee of the whole House, to take into con sideration the subject of ministers' money in Irel Ind. ADJOURNMENT OF TfIE HOUSE. On the motion of the. CHANCELLOR of the EXCHE QUER, it was ordered %hat the House, at its rising, do adjourn to Monday next. IRISH ANI) SCOTCH BANKING. Sir R. PEEL movedi that the order of the day be read for the House resolving itself into Committee of the whole House, on the subject of Irish a nd Scotch Banking. On the order of the day being read, Sir ROBERT PEEL said, Sir, I am about to propose the temporary postponement of the further stages of the discussion of a measure which has now been under the consideration of ehe House for several nights past, and during which time it has excited a great deal of interest—in order to bring under the consideration of the Noose the proposal cf another measure, which can boast of the possession of no matter of interest, from its connexion with such measures as lent all interest to the other measure to which I have alluded. My present proposition is one which can only be decided by the weight and authority of the arguments which may be brought to bear in favour of it. It is upon one ac count, and upon one account only, that I would presume to make this interposition—and that is, the occasion of the other debate, which I have mentioned, hav ing occupied the attention of the House for so many nights to the total displacement of other business possessing equal importance, and, therefore, it it should be supposed that I may not be able to do justice to this measure during the short period I shall occupy the attention of the House, I beg to say that I would not have presumed to have brought it on now, but that I see so many of the Hon. Members, the representatives of Scotland, in the House.—( Hear, hear.) But I do hope the House will bear in mind the position in which we have been placed for several nights past--( Hear, hear)—and if my explanation of this measure should be deemed to be less perfect than it ought, I trust at least the House will hear me with for bearance—( Hear, hear)—and allow me to refer shortly to the different clauses of the measure which I propose to submit to their consideration.—(Hear, hear.) The House will bear in mind that in the last session of Parliament, the subject of banking in this country occupied its attention for a considerable period. That measures of great importance were then adopted with reference to the circulation of the notes of the Bank of England, and of the different joint-stock banks and country banks in this part of the United Kingdom ; that the House will allow me to refer slightly to the different enact ments which, under the sanction a the Legislature, were passed in order to regulate the circulation of the Bank of England and other banks. With regard to the Bank of England, permission was given to that establishment to issue paper to the extent of 14,000,000/. The bank was permitted to issue promissory notes on fourteen millions, but with respect to the further issue, that was only to take place in specie, the public being entitled to de mand notes in exchange for specie, or coin in exchange for notes, and the free circulation of the Bank of England being determined by the free action of the public de manding either notes or gold as they might require. With respect to the issue of the other banking establishments provi sion was made at the same time, that in respect to every private bank of issue, or joint-stack bank of issue, the average amount of the circulation of each was taken for the twelve weeks preceding the 27th April, 1844, and these banks were required to confine their future issue of their own paper within that limit. No proposition has been made that the increase of promissory notes should be extended beyond the prescribed limits—the issue should be Bank of England paper, that Bank of England being founded upon gold. I apprehend that the House sanctioned this measure upon the following assumption— that the standard of value in this country is a certain quantity of gold defined both in point of weight and in point of fineness. That a promissory note undertaking to pay so much undertook neither more nor less than to deliver to the holder of that note a definite quantity of gold of defined quality. The House assumed that the issue of that promissory paper must in fairness be subjected to the regulations to which other forms of paper credit are not necessarily subjected. That the issue of promissory notes representing gold, and acting as a sub stitute for gold, differ in their character and extent from other forms of paper currency. That those who issued t hetn were in possession of a valuable privilege— valuable to themselves and important_ to the country—and the House would have a perfect right at any time to subject the issue of that paper to such restrictions as might be deemed ex pedient for the public weal. The House acted upon another assumption—that with a perfectly unlimited and un regulated competition in the issue of paper, there was, of necessity, ne guarantee for the permanent convertiblity of that paper, or, I should rather say, that the House considered no guarantee existed where the competi tion was perfectly unrestricted and unlimited; and that, consequently, there was no safeguard against the sudden and violent contraction of the circulation, thus deranging the monetary transactions of the country, and shaking confidence in public and even in private life. On these general assumptions, ti-is House and the other house of Parliament sanctioned the measure proposed by me, as the organ of the Government, for imposing a certain limit on the issue of promissory notes. lam quite aware that the interval has been short since that measure has been in operation.— ( Hear, hear.) lam as well aware as any one can be, of the necessity of being cautious in drawing inferences as to the effect of that measure on the circulation and public credit of the country, from so short an experience. But I must say, as far as we can judge from that experience, we have a perfect right to be satisfied with the measure passed last year. Admitting that experience to be short, as far as it has gone it has been decidedly in favour of the policy and justice of the measure sanctioned by this House in the course of the last session of Parliament. Sir, since that measure was adopted, we have had a period of extra ordinary activity. We have had a great demand for the ap plication of new capital to manufactures, and other branches of industry. We have had an extraordinary, at least an unusual degree of speculation in projects connected with th e internal improvement of the country—l refer more particularly to the extension of locomotion by means of railways, and I find that the restriction imposed last year has not in the least degree cramped or fettered the commercial enterprise of the country.—( Hear.) I cannot find that there has been the slightest check on the ap plication of capital, or the slightest ground for any complaint that prices have been unduly affected, or that the increased demands of the country could not be met on account of the restricted circulation. —( Hear, hear. ) I find at this present time the amount of specie in the Bank of England, in gold coin and gold bullion. I find there is of both kinds in the Bank of England about 13,530,000/. That the 13ank is in possession, at the present time, in silver bullion, of 273,000/. ; in silver coin, 1,836,000/., snaking a total in the Bank of England in silver bullion, gold bullion, and gold coin, of about 150342,0001. I do not find amongst many who op pose this measure a disposition to admit that there has beer decreased confidence in the monetary transactions of the country. I do find a disposition also to admit that, if during the recent speculations there had been an unlimited power of creating new banks of issue—that if there might have been new banks of issue, those new banks of issue, with an unlimited right of issue, acting and being reacted upon by this speculation mania, this fever of speculation which prevailed throughout the country, I do find, I say, an impression amongst many who opposed the measure of last year, that the state of our credit and of our paper circulation would, pro bably, have been much less satisfactory than at present. Sir, I have not heard that there have been any complaints on the part of the bankers as to the effect of those restrictions. I have not heard that any such complaints have been made. Complaints may, indeed, have been made in some few in stances, but, at all events, they have rarely reached that department with which I am connected. I have heard but few complaints of the effect of restriction even from the rural districts. I have heard of many bankers. in consequence of this restriction of i sue, who have been obliged to provide for their increased issues by providing Bank of England paper, hut they all agree in opinion that the slight expense which they in consequence have been obliged to incur is but a small countervailing evil, as compared with the increased stability and seeurity which has thereby been obtained from the banks gene rally throughout the country. Sir, I say that I believe that the joint-stock banks and the country bankers generally have acted fairly and honourably in the execution of their duty. We have occasionally heard of attempts at evading the law. In some districts of the country new forms of paper currency hare been issued for this purpose ; but these attempts have been discountenanced by the country banks and the joint-stock banks. They have shown no lavonr whatever to these attempts at infraction of the law, and although I should be perfectly prepared, as I said last session, if those attempts prevailed, to apply to Parliament for in creased means to meet these attempts at infrac tions of the law, yet I must say that, up to the present time, it does not appear to me that any necessity has arisen for the interference of Parliament. The law has worked in such a way as to give general satisfaction, and the Government has met with the cordial co-operation of those whose circulation has been restricted, but who have yielded a willing, a general, and a cheerful obedience to the law. Sir, the enactments to which I refer apply ex clusively to this part of the United Kingdom. One of the measures of last session imposed restrictions on the circulation of the Bank of England and of the issues of the joint-stock and private banks. Another enact ment, passed simultaneously, imposed equal restrictions on the issues of all English banks, and prevented the establishment in any part of the United Kingdom of now banks of issue, restricting the privilege of issue to those banks which were entitled to exercise that privilege in the month of May, 1841. The consequence of this has been that the existing banks of Ireland and Scotland, although their circulation has not in any respect been interfered with, had yet been protected against competition by this other enactment, and et jey the monopoly which that enactment is calculated to secure for them. The question now is, whether we shall repeal these prospective advantages by submitting them to the general enactments of the law which was passed by this House, whether we shall ap ply that law to those parts of the United Kingdom.—(hear, hear.) I was requested the other night by the Noble Lord, the Member for Sunderland, to postpone the consi deration of this measure for another session.--( Hear, hear.) I felt it to be my duty to resist the suggestion made by the Noble Lord, because I thought that if it were right to consider the question at all, the sooner it were done the better.—( Loud cheers.) I conceive that there is nothing more calculated to have an injurious effect in a matter of this important and peculiar character, than to give notice that at a certain time a question of so gene rally important a nature would he brought forward, that a state ment of the intentions of the Government should be made, r e. In n s e ow d uhn b cc y eh t h t ihts canro ti n e bt . ee — ra ( mi o H no e re ‘ a and aft erwar d s to disappoint the expectations which have been i i ) n ti A m n b d e n t h t e r o e n can G o b v e e n r n o m m e e n a t u t r o e deration o f Parliament,' athnadn to i s n ubm a it ni th e e a m sur t e o tbaeffeecotninsig the monetary circulation of a considerable part of therefore,th i te d that Kingd om he — I (lotules,a:,,val c d h e e c e id r e . ) w h l e t t h i e s r fi t t t h i n o g s e entrusted with the management of public affairs shall repeal this enactment, to which the attention of the House has speak of this enactment. I been already drawn. Now, wisest I must aid, that if I thoughts that thecogeinderal principle of the to rru Pued Ireland Government an Scotland a a w s without ut a u ris k '. applied ilie t ( o t injurythe last I would those parts of the country, to propose, either teoretiCally, or even any measure which could by probability endanger fli r e! ctica p llY ' rity of those countries. —( Cheers.) I think it is perfect-dyPrfius that the State should exercise a salutary restraint en ' the tetin rency of the country, provided they do not hazard or derang e lone-estabiished usages, or butt the feelings of the commeie ciarpopulation of the cuuntry.—( Hear. ) 1 wish to secure the willing and cordial co-operation of that part of my coun trymen to %Omni this measure particularly refers ; but I do feel that we way apply to joint-stock binks, and to those coun tries, the general principles of that measure which was adopted last session by this House. I repeat we may adopt that measure without in the slightest degree affecting in juriously the commercial interests of those countries.— ( Hear, hear.) The position of Ireland and of Scotlind is in some respects the same ; and I shall just state the position of Ireland, in respect to its banking establish ments, before I enter upon the general question. I will point out the difference which exists in respect of the bank ing establishments in the two countries. In Ireland you have what you have not in Scotland, a National Bank. In Ireland you have a bank holding a charter, which is determin able upon six months' notice. The Government have the power of dissolving its connexion with the Back of Ireland, and withdrawing from that bank the exclusive pri vilege which it now enjoys. In Ireland you have, on the whole, eight banks of issue. There are no private banks of issue in that country. '1 here is the Bank of Ireland and seven other banks of issue. There are joint-stock companies, There are, in addition to the Bank of Ireland, the Provincial Bank, the National Bank, three joint-stock banks of issue at Belfast, and two others, making, on the whole, seven banks of issue, being joint stock companies. independent of the Bank of Ireland. Now, in Ireland the general law of banking requires deep consideration. There are statutes of the Irish Parlament still in force in that country --or, at least, which are doubtful whether they are in force or not—which place joint-stock banks, and the partners in them, on a different footing from that in which they are placed in this country. These enactments come into con flict with that Act which passed some years since. in the Imperial Parliament, and under which joint-stock banks in Ireland are regulated. Her :11ajesty's Government intend to consider the hearing of those several enactments, and at a more leisure moment to take steps to amend and consolidate them into a general law. But I will not, on the present occasion, divert the House by any details from the main subject, upon which lam now addressing them. lam perfectly aware that the general law in Ireland is in an imperfect and compli cated state. The Bank of Ireland acts as Ike banker of the Government, and conducts the general payment of the dividends ; has the management of the debt, and conducts the general business of the country. The capital of the Bank of Ireland is 2,769,0 ,. 0/. The debt from the Government to the bank is a rather smaller amount, being 2,630,000/.; and we pay the back interest of 3it per cent. The Bank of Ireland has certain exclusive. privileges. The privileges of the bank are that no joint-stock bank in Ireland can have a house or place of busi ness in Dublin, or within sixty-four English miles of Dublin. No joint-stock banks can issue bills or promissory notes in Dublin, or within sixty-four miles of that city ; and no joint stock bank being within the limit of sixty-four miles could issue a promissory note for a less sum than fifty pounds. Now, I am bound to say, that these are a description of exclusive privileges which have been very much complained of in Ireland.—( Hear.) There are in that country other banks of great respectability, which con duct their business in a manner that has hitherto given very general satisfaction. In those joint-stock banks, which are limited to seven in number, the whole extent of joint-stock banks in Ireland with which we have to deal, there are 4,000 share holders, and the number of customers carrying on business with those hanks exceed the number of shareholders by many thousands. Now it must be admitted that the city of Dublin is a place of resort to many of those who had shares in those joint-stock banks which are compelled to be situated at so great a distance from that city. Dublin was the seat of the vice-regal court—it was the seat of the courts of law, and a great emporium for the Irish people in many other respects. Besides this, it was a great inconveni ence to many persons, strangers and others arriving in Dublin, to find that if they have drafts or demands of any other descrip tion upon any of those joint-stock banks in the country, they are told that there are no branches of those banks in Dublin. Now, I must own that in my opinion, provided you give good security against an excess of issue, it would be of great advan tage to the Irish people to withdraw those exclusive privileges; to establish joint-stock banks within 64 miles of Dublin, and in fact to confer upon them all those advantages that the Bank of Ireland now possessed without limitation.—( Hear, hear.) I am bound to say that nothing can be more liberal than the manner in which the Bank of Ireland has acted in reference to the subject. The governors and directors of that establish ment have intimated to me that they were perfectly ready to consent to the relinquishment of those privileges, provided that the joint -stock banks should be subjected to the same limitations that controlled them ; and if so, they then saw no reason why other banks should be prevented from establishing themselves in and near Dublin. If, then, this House confined the limitation of the issue of those banks in the man ner suggested by the Bank of Ireland, and which appeared to the Government to be but just, we can see no sufficient reason why those principles should riot be removed.— ( Hear.) lam bound also to to say that the establishment of the Bank of Ireland, consisting, for the most part, of persons professing the Protestant religion, the governors and directors have intimated to me their desire that that portion of the oath taken by those entering into their service, which could not conscientiously be taken by Roman Catholics, should be abo lished—( Cheers)—and they have further intimated to me, that it is their wish that there should be no form of oath dis qualifying a Roman Catholic from becoming a gover nor or a director of that establishment. —( Cheers. ) I would confine it simply to the oath which is to be adminis tered to ascertain the amount of property, and I would do away with the peculiar privilege of the different oath which is administered to a Roman Catholic and to a Protestant director of the Bank of Ireland. When a Roman Catholic director is appointed for the Bank of Ireland he is sent into another room to have a different oath administered to him. By this Bill I propose to do away with the distinction which is thus drawn between a Roman Catholic and a Pro testant director. I hope the Hon. Gentleman opposite (Mr. Fox Mzule) will not disapprove of that arrangement.—( Hear.) With respect to the custom which has hitherto prevailed, I propose that the Bank of Ireland should still remain the banker of the Government, and I propose feat the money which has hitherto been owing to the Bank by the Government should still continue at the same rate of interest as has hitherto beers paid for it. In con formity with that prinicple, I intend that the credit shall still continue the same, and that the rate of interest shall be three and a half per cent. per annum for ten years to come, and that the same rate of interest should be paid on any excess of expenditure over receipts on the part of she Government. lam thus giving my support to the same principles which I considered it necessary to allow when I last year introduced my measure with respect to the Bank of England. I conceive that this is due in consideration of the willingness of the Bank of Ireland to relinquish their exclusive privileges, and I propose that the debt should continue as I have said, at the same rate of interest for ten years longer-- I propose to introduce into the proceedings of the Bank of Ireland the same rule which has been applied to other banking establishments, and I intend to subject the Bunk of Ireland to the same weekly return which is made by the Bank of England. I propose that the Bank of Ireland shall publish a statement weekly of the whole of their affairs—of the amount of their issues the increase or decrease of their circulation, and of the amount of bullion at the time within their coffers. I propose, in fact, that the Bank of Ire land shall make a precisely similar return to that which is made by the Bank of England, and which has given so much satisfaction to the whole of the trading and commercial community, and which has been a cause of such justifiable confidence to the country. The banks of Ireland will by this means be placed in some respects wish the banks in England and Scotland. The position of the banks of Scotland is at present in some respects different to that of the banks in Ireland or in England. I propose first to state what is the general position of the banks in Scotland, and in some respects they differed from other banking establish ments. I will then go into the circumstances of those bar.k.s. In Scotland there are altogether nineteen banks. In Scotland, as in Ireland, there is no controlling power. There are four teen companies which have the privilege of issuing notes. Ido not know whether it would not be unfair to make comparisons between the two parts of the United Kingdom upon this sub ject. But I can say this, without the least wish to shock the feelings or the prejudices of Ireland, that I have no intention of injuring either. I mean what I s iy.—( Cheers. ) I will not attempt to f tier the discretion of Parliament—but allowing that privilege to exist in its pre sent state, I will not propose any vexatious inteeerence with it. Ido not propose to establish any proportion between notes above and below 5/. I will leave to the banks of Ireland and Scotland the privilege which they possess of issuing notes under 51., without any restriction as to the proportion which their notes bear to notes representing a higher value. The banks of Ireland and Scotland will thus have two advantages—they will have the advantage of a monopoly of issue, by being protected frcm oppositi•.n ; and they will also retain the privilege which banks in this country were compelled to relinquish twenty years ago, the privilege of issuing notes of 51. 1 Kill leave them in the pessession of those privileges, pro; using to apply to them exactly the same principle which we applied to the joint-stock banks of this country. I pro pose that we should ascertain the amount of circulation which has taken place for some past period, just as we did with re spect to the joint-stock banks, and not to impose any limita tion in the amount of the future issue of paper, but only requiring that for the issue beyond a given amount, that issue should take place in gold. I repeat, that is the principle which we have applied to joint-stock banks and private banks in this country. We ascertain the amount of issue for a certain period before the 27th of April, and we limit the future issue to that amount, permitting them to issue for the future the excess above that amount in promissory paper of the Bank of England, which Bank of England paper was issued upon gold. Ido not wish to introduce into Scotland or Ireland any compulsory paper tender; we propose to clear the doubt as to whether the paper of the Bank of England is a legal tender. The most eminent legal anthorities in Ireland are, I am told, of opinion that Bank of England paper is not now a legal tender for gold. I think it right that there should be no doubts on the subject, and that we should clear up and declare whether or no the Bank of England notes should be a legal tender. Therefore, I have every reason to believe that it would be more acceptable to the Banks in Scotland that their excessive circulation should issue on specie, rather than on paper of the Bank of England. So far as the public are concerned, it is a matter of indifference to them whether it should be upon Bank of England paper, or on gold ; yet, still, as there would be an orjection to the issue of that paper in Scotland, I propose that the exCase of circulation in Scotland beyond the permitted amount shall be issued on specie, and no t necessarily on the paper of the Bank of England. I believe it t o b e perfectly just to establish that principle also in Irela n d. L et us bear in mind that we have a guarantee of the stability of ou r p aper circulation in this part of the United Kingdom beyond what practically exists either in Ireland or Scotland. We have generally diffused over England and Wales a great specie circulation. The Bank of England can now issue no paper beyond 14 000,000/., except upon gold. We hare not security for the equivalent of paper and gold, but we have this additional guarantee, that there is a great basis in specie for our circulation, on account of the almost universal diffusion of coin throughout every part of England and Wales. It might be difficult to estimate what is the amount of gold circulation cut rent in this part of the kingdom. Ido not know that it is necessarily connected with my subject, but it is a question of interest to determine what is the amount of our gold circulation. "liiere has been issued in gold coin from June, 1816, to the month of June, 1842, about 60,116,000 sovereigns—since June, 1842, there have been issued from the Mint to the Bank 17,013,000 sovereigns ; since 1842 the Bank put into circula tion 11,000,0(k) out of those 17,000,000. Now, it is ex ceedingly difficult to form a satisfactory opinion as to the am-aunt of gold circulation which remains in the kingdom. But, judging from the amount of light sovereigns which have been paid at different periods into the bank the proportion which they bear to the total amount of sovereigns taken in is as follows :—ln 1839, of the total amount of sovereigns paid into the Bank, 216 per cent. were rejected as below the legal weight ; in 1810, 28 per cent. were rejected; its 1841, 27 per cent. ; in 1842, 33i per cent. A proclamation was issued in Jur.e Calling in those sovereigns; and from the 10th of June, 1812, t o th e 31 s t of Decemer, 1:443, the amount of light gold coin withdrawn from the circulation was 11,137,0001. Now, if we estimate this at the rate of 331. per cent. upon the total amount of the whole circulation, this will show that the issued by the total t amount of gold circulation diffused throughout the coun _r_yo:aries from thirty to thirty-five millions.—( Hear, hear.) bankers, at the ,if we are called u • to k nunaber of guineas ' was le below • in circulation and of the amount of notes au Of England, and by private' period that i Pa: t .n he issue a o e f te c :b ti e n lo a s t v e 51 f permitted, which issue of small notes wasn circulation at the time that the prohibited, I do net believe that we should come to a very different conclusion. I admit ?hat the data which we have furnished us for the purpose of forming an opinion upon this subject are very vague and uncertain, but I think we shall not be far wrong if we estimate the amount of gold in circulation at present at from thirty to thirty-five millions. I am bound, however, to state that the data on which this estimate is founded are very imperfect. But whatever the sum may be, there can be no doubt but this general diffusion of a gold circulation does give great stability to the paper cur rency of this country, and adds a guarantee to that security, more especially when taken in conjunction with the Act of last session, which does not exist in Scotland or Ireland. Now I propose with regard to the Scotch and Irish circulation to take the average amount of issue of each bank at a certain definite period; and I propose to apply to them the same general principle which we applied to the English banks in the last session. We demanded no deposits by way of security—we required no amount of gold to meet the issue then in circulation, but we did take security to meet any increase in the issue. —(hear, hear.) Now, I propose to apply the same principle to the Scotch and Irish banks. The question then arises, from what period are these averages to be taken ?—( Hear, hear.) Now I propose, as regards both countries, Ireland and Scat land, to ascertain the average amount of circulation from the period which has elapsed since the first announcement of this measure—that is to say, since the 27th of April last. This was a period of thirteen lunar months. Now I know that the variation in the amount of the issues of the Scotch banks is very great at different periods.—( Hear, hear. ) In May ani in November the amount of issue exceeds the issue at other periods. I believe that as far as Scotland is concerned it is a matter of indifference if the average is taken for two years, or far one year, or for six months; for if we look at the two periods of extended issue it would be a matter of great indifference to Scotland whether we take a period of one year or a period of six months for the calcula tion of our average—the amount of circulation would in such case be nearly the same. I think it but just, as far as the public interest is concerned, to extend the average over the whole period, and not to confine it within the limit of six months, because the two or the three last months will have a larger issue as compered with the former, or commencement of the period. I propose to take the average of 13 lunar months, commencing with the 27th April, 1845. During that period, according to my proposition, the amount of the issue, taken on the average, will regulate the circulation. To questions from Hon. Members on the Opposition side, Sir R. PEEL said, the average shall extend over the whole time. Now it will make a material difference in Scot land whether we take the whole period in the manner now proposed, or give the return of the average amount of issue in the several days. That might give the average amount of notes in England, but in Scotland the practice is very dif ferent. By the Act of 1841, a weekly return of the notes issued by each bank is required to be given in, made up to the last day of the week, because the system of restraint which has long prevailed in Scotland, by exchanging the notes which have been issued from each bank, prevents the danger of an excessive circulation, and gives at certain periods the different circulations of each bank. I propose that a return of the amount of notes issued from each bank, on the last day of business in the week, shall be taken, for it will make a material difference in the amount of Scottish circulation, whether you take the daily averages of notes, or whether you take the return on the last day of circulation. And that is the reason, I apprehend, why the amount of circu lation appears in Scotland so low. The return if you entirely rely upon it, must be a fallacious one. It would appear from the return made on the last day of the week, that the amount of notes in circulation in Scotland, does not exceed the amount which might be taken at any other period. What we propose therefore is, after having defined the amount which each bank shall issue, you shall for the future require each bank to certify the amount of its weekly issue—or rather the amount of its issue as it appeared on the last day of the week. Thus, in Scotland, as in Ireland, you will take the period of four weeks, and determine the average of that period of four weeks. If the average of the four weeks does not exceed the amount of the permitted issue in that case, no restraint whatever will be imposed on the bank. But if the issue for the four weeks exceed the permitted amount, in that case the excess, whatever it may be, shall be issued in specie. If, as I said before, the bank should issue within the limited amount, in that case no inquiry will be made. Of course we are bound to see that every bank, if it should issue more than the limited amount, is able to pay its notes in speeie on demand. We do not propose in the slightest de gree to interfere with that obligation. A sense of their own security should and ought to im pose on the banks the obligation of keeping suffi cient funds, but provided they keep the issue within the average of the last thirteen months, we shall make no inquiry. We should trust to their own discretion, and we propose to apply the same rule as that which exists in Ireland. We estimate the average amount of issue of each bank in Ireland, including the Bank of Ireland, of the last thirteen months, and we permit each bank to continue its issue within that period. But if they should be in excess we shall require that excess to be founded on sufficient se curity. Now, we are willing to trust to the honour of the Scotch and Irish banks as to the retention of their powers. We propose that they shall return to the Government the amount of specie held by them, and we propose to give the Government the power of inquiry. I believe it has never been found necessary to exercise this in England, and I have every reason to hope that there will be just as little necessiiy for the exercise of it in Ire land as in Scot:and. (Hear, hear.) We will require from each bank a return of the amount of the weekly issues, and also a return of each de scription of issue, distinguishing between the 51. notes and all those above 51. ; and also a return of the amount of gold held by each, but that, of course, shall be a confidential communication to the Government, who require it be cause they deem it absolutely necessary that they should be put in possession, of the fullest information of the actual po sition of each bank. The Government will also require the fullest information in reference to the position of all the partners of those banks, just as we do at present in this country. Of course, as I have already stated, the return of the amount of gold held by each bank will be a confidential communication for the use of the Government alone, and no pub lic use whatever will be made of it. But in case that any bank should issue beyond their limit, it will then be necessary to publish a statement to the effect that the Irish Bank has issued beyond the amount of specie which it holds, without at the same time stating to what amount, We will publish a statement to the effect that the bank has exceeded its issue, but we will take care that it holds gold to the amount of that excess, and, of course, the usual monthly publication will be made from the Stamp-offiee. I do not know that I have omitted any point that I ought to have touched upon; but if there be any Hon. Member opposite who has any question to ask me, I shall be most happy to answer him. Here an Hon. Member, whose name we could not learn, put a quession to the Right Hun. Baronet which was inaudible in the gallery.] Sir R. PEEL—The question put by the Hon. Member is, if in the event of a bank exceeding its issue, would it b e re quired that the excess of specie should be exclusively in gold ; or, would it be equally satisfactory if part of it were in silver ? I beg to say that 1 do think it would be of great advantage to permit silver to form part of the specie.—( Hear, hear.) Because, in the first place, silver will be a legal tender for any sum to the amount of 1/. ; and, in the next place, it will be impossible for any bank to procure silver without paying the full value for it. It will greatly facilitate the commercial transactions of the country. Mr. COLLETT—As the Right lion. Baronet has alluded to the issues of the Bank of Ireland, and as lie is aware that the amount of the issues has a material influence upon business of all kinds, I would wish to ask him what is to be the extent d rel l an h d ay p e rec s i t s it l e y d of these issues ? Sir R. PEEL — 0 : p t r h o u p ose Governmentt subject the h o b u a l n d k s of continue in t o r the same regulations in this respect as those imposed by the banks. if they issue beyond t m h e a a t su t r h e e of lastdeh debt of on the ya ri c k ( hot Bank of I propose that they shall ten years. That will form necessarily a portion of the capital of the bank. With respect to other portsons of the that the capital, p rat i , t st a ctl l re , i b l efod p , r t o lu p a is , propose to t other only do it on the basis of the specie which they T ex o te ti n io t r of ba th n a k t , s a p s ecie it , hold in their coffers. Suppose, for instance, that the issue of the Bank of Ireland s hould be 3.300,000/., and they possess specie in their coffers s t o o u t n h d e a g m rn o u u n n d t s. of I\l,o2:o.,oo:ooouonau,eilvewothulastl t 0 0 0 the an grant them the privilege a :f p i l s i : a u b in ie g I would not permit them to issue beyond the prescribed s il e a be security to the country and tend to amount except upon this iwill gtrii,,n,eciptlictertevai confirm the stability of all banking concerns to which it may be applied, and I am satisfied that it will tend to promote the general prosperity of the banks both of Scot:and and Ireland—that it will in no way inter fere with their modes of conducting their business, or interfere with the plan or order of those banks, while it trill, at the same time, in no way prevent them from giving the same amount of accommodation to their customers. Now some of the banks in Scotland already hold considerable amounts in specie. I believe that some of the banks in Scotland do not hold less, at the present moment, than one-fourth of their whole issue, and some not less than a fifth in specie. Now, let us see what will be the effeet of these new regulations en the whole amount of issue of the banks in Scotland. I hold its my hand a return of the cir culation in Scotland during 13 months ending in March 1845, and I find by that return, that on the 27 th A p ril, 1814 . the amount was 2,714,00 01 .; in the week endi n g M ay 25th of that year it was 3,041,000/. ; and in June it was 3,117,000/. ; and the highest amount which had been issued was returned for the week ending on the 7th of December, 1844. In the week which ended on the 12th of October, of the same year, the circulation was 2,987,0001., and in the week ending the 7th of December, in the same year, the amount was 3,486,0001., being an amount of excessive issue, in that week, of nearly 500,0001. 1 am aware that this appears an excessive issue from these banks, as compared with other banks ; but it is well known that at that period of the year the issues are larger than at any other time. And in consequence of the peculiar circumstances of this country, I believe it is a fact that the issue in November every year amounts to nearly half a million more than it does at any other period of the year. The average circulation of the Scotch banks, taking the total emount of thirteen months, is 3, 041 , 0001 . That is the amount the Irish and Scotch banks are permitted to issue. Suppose th e y were allowed to issue 500,000/. in excess o f th a t amoun t. What they are required to do is , merely to bold one-sixth of their circulation in specie. If they hold the amount of 3,000,00/. among them, they will be enabled to issue 5A,000/. above that sum. This is the principle upon which the banks of England are regu lated, and is it too much to ask them —retaining, as they do, the privilege of issuing 1/. notes—that they should retain in their coffers such an amomit of specie as that which we ask? Suppose the wants of the country should increase, and that the circulation should reach 4,000,000/. would it riot be desirable to have such an amount of coin in the coffers as would secure stability and prevent a disastrous shock ?--( Hear, hear.) 'there is nothing so delusive as to think that this arrangement would cause inconvenience ir. the transaction of business. I will give you a good specimen of a hank conducted with due regard to this stability. A bank of the highest respectability, and which is under no obligation to contract its circulation, whose members are men of the highest respectability, and ' whose business is conducted in a most unexceptionable manner— ' mean the Provincial Bank of 1 reland—that bank is, as I said before, a most prosperous concern, and attracts the general confidence of the public. Ido not by this imply that other banks in Ireland are not equally solvent and respectable ; but this is the only bank which has furnishes! me with an amount of its circulation. The amount of the issue of the Provincial Bank in Ireland, taking trio circulation up to the first Saturday in March, for several sue csssive years, and comparing the amount of circulation with the amount of specie in gold and silver held by that bank, except an arrangement with the Bank of Ireland, is as follows : —On the first Saturday in March, 1838, it had a circulation of 350,0001, on the same day it held a deposit in g old of 395,0001., and in sil ver o f 40 , 000/., that is, 3 30,000/. in specie ; in 1840, on the sam e d ay , the notes issued ,amounted to 850,000/—the amount o f gold laid by in the bank was ; 330,0001., and the . amount of silver 62,000/.; in 1841, the amount of notes was 832,000/., and the amount of silver EU large an amount as 70,000/. being a deposit in specie of 391,(l00/. Thus the average amount of specie retained in the coffers of the Provincial Bank of Ireland teas nearly one-half of its whole circulation, and this, be it remembered, entirely voluntary on the part of the Bank. On the first Saturday in March in the present year the amount of notes issued was 1,0-16,000/., and the amount of gold held by the Bank 397,0001., and the amount of silt', r 29,0001., the total atnsunt being 426,000/., vo:untarily held by that hank—a bank which, as he said before, had given the greatest sat isfacti n to its proprietors and to the public. In those cases there was no such corresponding amount of specie to issue ; but I require that there shall be a certain amount of specie to support the issue. Now I propose, in order to give ample time, that this shall not take effect until the month of January next, and I feel perfectly certain that in England and Ireland, without the least disarrangement, the bankers will be enabled to make provision for conducting their affairs under the new regulations in that time. What will be the bearing of this in Ireland? In the case of all the Irish banks, there has been a rapid increase of circula tion since April last. In the case of the Bank of Ireland, the citeulation of that bank increased from 3,600,0"0e, as it stood in Aril last, to 3,900,0001., at w hi c h it stood at present. Ihe aggregate circulation of the other banks increased from 2,357,000/. at which it stood in April last, to 3,105,000/., at which it stood at present. If he compared the increase from August last year, to the 29th of March is the present year, the increase of circulation of the Irish banks other than the Bank of Ireland has been from 1,974,0001. to 3,105,0001. Now, I should object against taking the last three months in Ireland as a foundation by which to determine the fu ture amount of issues. —(Cries of " Hear, hear.") I said that in the case of Scotland that amount was matter of comparative unimportance, because I am bound to admit that there has been no excess of circulation in Scotland ; but seeing the rapid increase of the circu lation in Ireland, I think that I am perfectly justified in extending the average over the whole year. At the same time I arr. not prepared to say that this increase has taken place for the purpose of obtaining any undue advantages. There has been a great increase,' but I think it has principally arisen from this circumstance—namely, that the returns have been made with greater accuracy of late than they used to be. The information which has been supplied to us within the last few years has been more accurate. A portion of this increase arises also from the gratifying fact that we have had a good har vest, and that we have had an increased demand for capital in Ireland. All these circumstances have increased the demand for circulation in Ireland, and augmented the issue of promis sory totes. Now. take the ca , e of the Provin cial Bank of Ireland. This will nut operate on that establishment in the slightest degree. That bank has a reserved fund of 400,000/., which will afford a suf ficient security for an increased amount of issues, if such should be necessary. I believe, with regard to the Belfast bank, and with regard to the National Bank, that the same circumstances prevail. They have each a reserve of specie that will enable them satisfactorily to work this measure, with out deranging their circulation. The amount of the issue of the Bank of Ireland at present amounts to 3,706,000/. The amount of the circulation of the other banks of Ireland amounts to 2,565,0001. ; making the total issue of bank-notes for Ireland 6,272,0.01. Now it is possible this question may arise—in England, in the ease of the bankruptcy, or the with drawal from circulation of its notes by a provincial bank, it is permitted to the Bank of England to step in and supply the void. Now we take the permitted cir culation in Scotland at 3,441,0001. But suppose the case should arise of the bankruptcy, or withdrawal of one of the Scotch banks, how is the void to be supplied ? In Eng land, the Bank of England can supply the void on giving secu rity for two-thirds of the issues. But as the jurisdiction of the Bank of England does not extend to Scotland, I may he asked, if a void should occur in Scotland, how is it to be filled up ? I suppose that a bank fails, and that 200,000/. is withdrawn from circulation Now the issues of the other banks not being restricted, this would impose upon Scotland the necessity of providing an additional supply of gold. We can not in Scotland adopt the same means which we do in Eng land. Now, I propose in Scotland, as we have no other establishments except joint-stock banks-1 pro pose in Scotland and in Ireland to permit the union and incorporation of the two joint-stock banks. I repeat that I will permit in Scotland and in Ireland, too, joint-stock banks to be incorporated, and I am of opinion that this permission will give a more ample security for their sta bility.—(Hear, hear.) The permission for two joint-stock banks to be incorporated will, I am of opinion, provide an ample remedy against any derangement in their monetary cir culatien.—( Hear, hear.) I am not aware that there is any poiut connected with this question, which I have omitted to state to the House. I think it will be seen that I have accorded to Scotland and Ireland the principle which applies to joint-stock banks in England. I require no obligation from them. I ask for no interference further than this, that they do not exceed their limits, and that their issue be justified by the specie they can command. I propose no limitation to their issue, provided always they have deposited a sufficient amount of specie to warrant that issue, if Parliament will sanction this measure they will do much towards the establishment of the circulation in the United States. A guarantee will be given for the amount of the banking circulation, nor will that certain amount be exceeded, excepting it be justified by the ' amount of specie at the disposal of the bank. You will be adding a guarantee that that circulation will be only limited on secure principles, calculated to give prosperity to the countries to which the measure shall be extended. Some years ago, when the Bank of England made strenuous endeavours to substitute a gold currency for a paper circulation, I speak of 1836 and of 1839—and, if it be necessary, I shall be enabled to show that it is but just to im pose upon Ireland, and to impose upon Scotland, the same part of the burden—a burden, I admit, to be borne by them in very unequal proportions—of being prepared to meet the de mand which any sudden political panic or commercial struggle might cause. I think this might be done to a very great ex tent without interfering with any one interest in the State, and without diminishing to any extent the legitimate accommoda tions which have been heretofore granted, or can be expected by the agricultural or any other interest in Scotland or in Ire land ; and, I do hope that, upon reflection, you will permit the Bill to be printed, that its enactments may be known, and when we next come to its consideration, I expert that you Gentlemen of Scotland, and you Gentlemen of Ireland, will admit that the Bill gives security to our general circulation without, at the same time, affecting any of the interests which you naturally and justly cherish.—( Loud cheers.) The Bight Hon. Baronet sat down at twenty-eight minutes past seven o'clock. After Sir ROBERT PEEL moved the resolution, Mr. CHARLES WOOD said that he did not wish to enter into any discussion at present, but he merely wished to ask the Right Hon. Baronet a question which would make the position of the banks in Scotland quite clear. With reference to the 255. bank -notes, he wished to know whether the Right Hon. Gentleman intended to interfere with them, or to leave them as they were? Sir R. PEEL said that he did not wish to prevent their issues, without acquainting those who were interested in the matter. And though he thought it would be an improvement to sup press the issue of 255. bank-notes, he would reserve to himself the opportunity of acquainting the interested parties. Mr. CHARLES WOOD wished to ask the Right Hon. Gentleman whether his intention was to continue the returns of the Scotch banks as they at present were ; whether it was his intention to compare the monthly average with the yearly limit, or whether they were to be called upon to make a confidential return of the amount of specie which they held at all times, and if this monthly average was within the year's limit it was to be considered satisfactory, but, on the other hand, if it was to exceed the yearly limit, it was to be considered unsatisfactory.—( Hear, hear.) The banks in Scotland generally held a quantity of specie, averaging from one-fourth to one-sixth, he might say one-firth, of the specie which was in circulation. If he were right in that assumption, that one-fifth of the circulation was at present held by the banks in Scotland, he would ask whe ther they might extend their circulation one-fifth beyond the yearly limit? Sir R. PEEL said that that was the principle which prompted them in England to issue 800,000/. beyond the yearly limits, but if that were exceeded by 500,0001., then they were liable. It was precisely the same in Scotland. They dealt with Scotchmen in the sane way as they did with Englishmen—they required that they should be responsible for the extent of issue. Mr. C. WOOD said that he did not wish to argue the question, but he wanted to know whether there should be a publication of the-avevage of each four weeks' circulation, and whether that was all they were to have. Sir R. PEEL said that he had not entered into any engage ment with respect to the returns with any Scotch banker ; he would reserve to himself that which he might think proper to inquire into. He would require front the Scotch banks the same returns as he required from the English ; all the neces sary information would be given, and the names of the parties concerned should be published.—( Hear, hear. ) Mr. FOX MAULS rose to thank the Right Hon. Gentle man opposite for the very clear and distinct explanation which he had given of the measure which he intended to bring before them. He thought that it would be wt ong in him to give any opinion under the circumstances ; but he could not help saying :that it was not so dangerous as they expected ; but he would wish the banks to remain as they were and that this matter would he settled upon amicable terms, and without interrupting that confidence which Scotland had, in its long-continued and unimpeached system.—( Hear, hear. ) He came down to the House under the impression that it would he for the benefit of those who were interested in the measure, and that an explanation should go down to Scotland to that effect, without any ulterior steps being taken. With regard to that, his opinion was altered. He thought there could not be any objection to the Right Hon. Gentleman bringing in his Bill, and in its printed form they would be better able to judge of it. All he had to say on the present occasion was, that on assenting to the introduction of the Bill, he did not conceive they were bound to any of the details contained in it. He said that it was not for him to enter into the particulars of the plan. He did not think, however, that it would in any way affect the currency in Scotland that it would not impose upon the banks of Scotland to hold one sovereign more than was necessary for their responsibility, and it would not add to the security of the banks. He thought from the way they were about to deal with those establish ments that in this country there would sooner or later be one work Government o f ocoduoniltuseelli ask,msf sb h i,te a oh harboured b o at,e t irb i fl lio e erd r s el whether tat hni, , s egh t r i ee c i trthioe considering aoses a nt o n stnith,dhl acoecnu,nnsrug,es cnhopinion,c,o,o3 the should bank of issue for England, Scotland, and Ireland. He thought y it was his duty, if the Right Hon. Baronet at the head of ary for the Home Department, in which it currency— namely, ecafrienreAlhyli:Mi the eoy Secretary cr i e:soatnvaseitlnral post poning t s e h h d ae m l i t e h n fu a r t t ei . l el nothing :H b t m i e l e: : or g ss fe . h three millions should be paid upon a capital of upwards of 100,0001. that that three millions, so limited in its amount, was perfectly sufficient for the security of the extensive trade of Scotland ? He would also ask if any bank should fall short of its monthly average, and another bank should exceed it, whether that should not he held as the test? Ile thought that there should be an aggregate average, aid that if it did not exceed three millions, or whatever was the stated maximum, it should be a proof that there was no excess. Ile should say no more than that the Right lion. Baronet, in his opinion, re deemed the pledge which he had made more in sound than in substance. Mr. COLQUHOUN wished 'to express his thanks to her Majesty's Government for the discretion they had used. If there was to be an interference it should be of a limited stature, and from what he gathered from the observations of his Hon. Friend he :considered that her Majesty's Government had ex ercised a remarkably sound discretion on this measu'e, and also on that of the Scotch poor-laws. Ile thought that the ar rangement might act in some degree badly in agricultural dis tricts, yet that in towns the plan which was proposed was perfectly fair. He thought that at certain periods it would press sorely upon the commercial and agricultural interest!. illrs HIJNIF. would assure the Right. lion. Baronet that he came down to the House expecting that he would do more, and that he would do mischief, bat his was now convinced that he would be able to carry out all the proposals except that in point already referred to. It appeared by the evidence taken from two very intelligent men, that in two periods of the year, when parties came down to the Highlands for the purpose of trafficking, it was of the utmost importance that the issue would not be limited to what was proposed. The Right lion. Baronet would find that hi taking the averages they were not at all times equal. -That was the objection which he would make; and as it was a mere matter of detail he was sure the flight lion. Baronet would concede to it. Ile defied the banks of Scotland to issue 10,0001. more than the wants of the people. The issue of Scotland would remain as it Was. lie thought that it was of great importance to Ireland that there be no increased issue. Ireland would then come under the same system as Scotland, and he was per fectly satisfied that they would have none of those ir regularities which arose from the existence of monopolie3. Mr. BARING was inclined to agree with the merits of the measure of the Right Hon. Baronet, but he should reserve his opinions upon the details until another stage of the Mr. SHEIL approved of the measure so far as it related to ft-eland. Mr. WARBURTON asked if banks making an excessive issue would be allowed to pay their notes when 40s. in value in silver ? Sir R. PEEL replied that there would be no alteration in the present system of paying is gold. After a fiw words fiom — Mr. HOME and Mr. STEWART WORTLEY the resolution was agreed to. The House then resumed, when the report was received, and a Bill conforming with the terms of the resolution was or dertd to be brought in. AIAYNOOTH. On the order of the day being read for the !louse going into Committee to vote the grant to Alaynooth, Mr. Fox Maule, Mr. Law, Mr. Stewart, Mr. Spooner, Mr. Hume, Mr. Bright, Mr. B .nnerman, and several other Hon. Members, presented petitions against the grant. On the question being put for the speaker leaving- the chair, Sir R. PEEL rose to ask his Hon. Friend the Reeorder for the City of London, if he would eon tent to postpone his mo tion of hich he had given notice until a later stage of the Bill ? It was quite impossible, after healing a lengthened address on sa fatiguing a question, that his lion. Friend could secure the attention of the Houee then, and he therefore hoped his Hon. Friend would accede to the gen-ral wish of the House, and postpone his motion until they went into Committee on the 13111. Mr. LAW said he was prepared to accede to the request of the Right lion. Baronet; but stated that, in Committee, he would give notice that, on the bringing up of the report, it was his intention to move that it be received that day six months. The House then went into Committee. On the question being put that 30,00.1. be voted to her Majesty, out of the Consolidated Fund, to defray the expense of purchasing lands, and erecting such buildings as might be required for the College of Maynooth, Mr. LAW gave notice that on the bringing up of the re port, he would move that it be received that day six months. The resolution was then agreed to, and the House having resumed, the Chairman reported progress, and the report was ordered to be received on Monday. SUPPLY. On the motion of the CHANCELLOR of the EXCHE QUER, the House went into a Committee of Ways and Means, and voted a grant of Exchequer Bills to the amount o, 9,379,000/. The House then resumed, and the Chairman reported ac cordingly. The Physic and Surgery Bill was after a short discussion read a second time. The College of Surgeons and Physicians Bill wus also read a second time. The Infeftment (Scotland) Bill was read a third time and passed. The other orders of the day were then disposed of, and the House adjourned at five minutes past Nine o clock. RAILWAY COMMITTEES (YESTERDAY.) Group No. 2. LEEDS AND MANCHESTER LINE. FRIDAY, FIFTH DAY. (Continued from our Afternoon Edition of yesterday.) The CHAIRMAN announced that the Committee had decided that they considered the preamble of the Bill of the Huddersfield and Manchester Company proved. When tt is announcement was made, a long argument ensued as to which line should next be taken. The discussion occupied a considerable time, and the counsel of the differen tprojects kept up a constant cross fire of contradiction, which ended in The CHAIRMAN stating that the Committee had decided that the question now before them was one of so complex a nature, that they should take time to consider it, and consult some authority. In the meantime they would proceed to fill up the preamble of the Bill they had approved of. The clauses of the Bill were then read and agreed to, until clause 25 was read, which was relative to the charges to be made for tolls; but the further consideration of it was postponed owing to the House of Commons hating, the night before, made a rule regulating the maximum sum at which toll charges should be made. Mr. TALBOT asked the Committee to go out of the order of the clauses, as he wished to examine Mr. Gisborne, M.P., as a witness to certain facts in reference to the contents of a forward clause re. lating to a certain canal. Mr. Gisborne was then examined—Was a trustee to the Staley. bridge and Duckenfield Canal. All the sites on the banks of the Ashton Canal were taken up by steam mills ; the reason of that is, that the Act contains clauses to enable mill owners to build them, and take water from the canal for condensing, and return it again to the canal, without charge; the Huddersfield Canal Com pany refused to allow a miller to take water from their canal even at a charge, and therefore the miller declined to• build, as he would be at the Company's mercy, either as to their amount of charges, or the sum they would expect for passing pipes under the canal to the river. Cross.examined—A great number of the mill owners have pur. chased the right to take water from the canal. Mr. BAINEs said that the Canal Company did not seek for any new powers whatever; but the owner of the land, Lord Stamford, expected to be paid a fair sum for his ground. If the clause con. tained some provision fixing the compensation which the Canal Company ought to receive, they would be satisfied ; but they con. ceived they were in justice entitled to some compensation. Mr. TALBOT said he conceived it would be unjust to I 'c his clients to do now what had never been asked before. The CHAIRMAN said the Committee could not go the length required by Mr. Talbot; and, therefore, it would be well if so ne amount could be agreed to. The Committee suggested that 2s. 6d. would be a sufficient compensation. . Mr. BAINES protested that it was not a fair offer. The CHAIRMAN said, perhaps, then, the Canal Company would not object to allow mill owners to pass pipes under the canal. Eventually, the Committee left it to the counsel on both sides to settle the terms amongst themselves. Counsel, however, could not agree on the terms, and the matter was again referred back to the Committee The Committee decided that the tax should be ss. on every horse power. The remaining clauses, with amendments, were then agreed to, and the Committee adjourned. Group T. SYSTON AND PETERBOROUGH RAILWAY. (Continued from our Afterno( n Edition of yesterday.) Mr. W. Babling's examination closed the evidence in support of Lord Harborough's petition, when after an address from Mr. WIIATELEY, who had waited to speak after, instead of before the examination of his witnesses, and a brief reply from Mr. HILDYARD, the room was cleared. On its being re-opened, the CHAIRMAN intimated that the Com mittee considered the preamble proved, subject to a re-consideration, and that Lord Harborough be invited to fall in with the views and plans of the Company. The Committee then adjourned till Mon day at Twelve o'clock. Sub-Committee (No. 3.) GLASGOW HARBOUR' UNION RAILWAY. (Conf Mae d from our Afternoon Edition of yesterday.) Mr. Gordon, the engineer of the projected line, underwent a lengthened cross-examination, to prove that the route of the rail way, as delineated on the plans and sections, did not correspond with the description given in the published notices. Mr. BURKE contended that the preamble of the Bill was quite consistent with their notice. It was true that they had abandoned a portion of their line, but the original notices were so diffuse in their description and detail, that the line set out and specified in the Bill was amply, if not minutely, described in them. The CHAIRMAN ordered the room to be cleared, and the Com mittee, after a short consultation, decided that the standing orders had not been complied with. Group D. BLACKBURN, DARWEN AND BOLTON RAILWAY (Continued from our Afternoon Edition.) Mr. Vignolles was then examined by Mr. CALVERT, and cross. examined by Mr. WEBsTErt— He stated that he had surveyed the whole line, and was satisfied with it as at present laid out. No part of the line was proposed to be worked by assistant or sta tionary engines, and no turnpike road was intended to be crossed on the level. The line leavcs Blackburn near the centre of the town, and thence proceeds over the Leeds Canal, passing through the valley near Darwen, where there is a tunnel nearly a mile in length ; it then goes on to Little Bolton, where it joins the Manchester and Bolton Railway. The entire length of the line is 131 miles, and the principal gradients are 1 in 7.2 and 1 in 75. Several embankments were necessary, each of which would form the side of a reservoir. The total cost of the line, including land, ecc., would be 293,672./. 13s. 7d. The estimated expense of working was 40 per cent, on the capital. There were a million and a half yards in the embankments, which would cost in working 100. a cubic yard. The cost of via. ducts, together with tunnels, would be 193,4994 Th greatest height of the principal viaduct, which would be erected over Bradshaw Brook, was 115 feet. There were three viaducts, which together would measure 555 yards. The largest viaduct was 140 yards in length. The cost of bridges, including viaducts, would amount together to 89,9304 The upper works and fences were calculated at 60,313/. No allowance in the estmated expenditure had been made for stations. The quantity of iron which would be required for the purposes of the railway amounted to ten tons, to be purchased at the rate of 70/ per ton. The line would be worked by a heavy engine calculated for severe gradients. Mr. Dargon, the contractor, was then called, and said he was of opinion that the estimates for the line were correct, and he would most willingly undertake the work at the present estimates. Mr. Robinson proved the assents and dissents_ Mr. Hutchinson said, that the value of land and buildings to be taken for the purposes of the line was reckoned at 27,0001., land the quantity of ground required would be 135 acres. After the examination of these witnesses, Mr. Merewether stated that his case was finished. Mr. Sergeant WRANGII/01 then rose and stated that it was his duty to state the reasons which he had to offer on behalf of the Accrington line in opposition to the proposed railway. ne con tended that a case had not been made out by the promoters to warrant the expenditure of so much capital, and that the result of the receipts would not afford a remunerating profit, and that the lines being competing, there was no fair expectation that there would be sufficient traffic to support them both. The CHAIRMAN here interrupted Mr. Sergeant Wrangham and said, the Committee were of opinion that the proposed railways could not be looked at in the light of competing lines, but were simply co-existent, and therefore Mr. Sergeant Wrangham, if he appeared to oppose the Blackburn and Darwen Railway as a competing line, was not competent to be beard. Mr. Sergeant .WRANGIIAM, in reply, stated that it had been de cided by the Classification Committee that were the railways were included in the same group, it was allowable for counsel to offer evidence in opposition. He then recapitulated the grounds of his objection, and said if the proposed line were permitted to pass the public would be the sufferers. . . _ The CHAIRMAN then requested Mr. Sergeant IWratigham to specify the particular points which he intended to oppose. Mr. Sergeant WRANGIIAM said that considerable injury would result to the Company for which he appeared, and that the traffic from Blackburn to Manchester, which his line intended to carry, would be materially interfered with by the Darwen line. On these grounds he took his locus stand**. The , CHAIRMAN observed that the Learned Gentleman bad better call his witnesses, which, however, after some hesitation, he declined doing, and said that, after what had fallen from the Committee, he thought it would be useless to pursue his opposition further, and he would at once throw up his brief, as, in the exer. cisc of his discretion, that would be the best means of sparing fur. ther expense and much unnecessary trouble. The preamble was then admitted to have been proved, and Mr Sherwood, the agent, proceeded with the clauses, which were al admitted. Mr. P , GET, at the close of the proceedine,s, made an application to the Committee for leave to oppose the t:tith clause in the Accrington Bill, which had been passed yesterday in his absence. After considerable discussion it was decided that Mr. Paget's motion could not be entertained, as the clause had already re ceived the Chairman's signature as having passed. A messenger from the Commons then entered, and announced that the Speaker was at prayers. The Committee adjourned till Monday at half past two o'clock. The title of the Accrington, Burnley, and Colne Railway has subsequently been altered to that of the East Lancaihire.• (Committee S ) The Committee re.asseuabled at two o'clock this day; present Mr. Stuart Wortley, Chairman ; Mr. Ewart, Mr, B. Hugbes, Mr, Ainsworth. and Mr, Wrightson. The Committee proceeded with the Corporation ProtO t ' i " clause in the BELFAST AND BALLYMENA RAILWAY. Mr. GREGG submitted this clause. The effect is to bind the Railway Company not to carry goods landed between Whitehead and Carrickfergus to any point nearer to the town of Belfast than one mile, under a penalty of 20/. for every breach of such clause. The clause was agrce.l to. The CHAIRMAN said that the next clause for consideration was that referring to the tolls and charges. Mr. M. SMITH, for the promoters, would rather postpone enter ing on that clause for the p resen t, as hi s c li ents were no t yet Po' paled to submit a rate in uniso n w ith th e f ee li ng o f the House on such matters expressed on the p rev i ous even i ng. Mr. GREGO would submit one mor e p o i n t f or th e c onsiderati on of the Committee. Th e ra il way wou ld a ff ect part o f t h e harbou r of the port of Belfast, and he trusted that a deviation of 100 Y am i . on the outside of the embankm en t o f th e li ne, touc hi ng that part o! the port, would be agreed to by the promoters. Mr. Walker, the Admiralty engineer, was examined on of the opponents, to prove the necessity of the railway cornPah/ binding themselves not to take more than 100 yards on both ' Wei of the embankment. The further consideration of this p o i n t was a b ou t t o be awournei to Monday, when, at the recommendation of the Committee, it W.' left to the engineers to agree upon the distance. Mr. Walker said that, subject t o th e approva l o f th e Adin."icy. ,„ he would allow the promoters sufficient sitzce on each of the line for the slopes and embankments. red The CHAIRMAN said the rem a ini ng c l auses wou ld b e conside red on Monday. The Committee rose at four o'clock. A 'IARKET INTELLIGENCE• (From the London New Price Current of April 25.) St:GAIL—To-day there was no public sale of any detcrip: tion of Raw Sugar. In the West India market there w aa d riot much business transacted, but holders were firm, I d obtained fully form er ra t es f or a ll sorts. Th a t there slie_ be a falling off in the demand is not to be wondered at, cv" - sidering the immense business done for some time. hi REFINED.—To-day Refined S u g ar was no t so much seuc, after by the home t ra d e , an d some part i es wer e more I ;d dined to sell at 67s to 68 s f or b rown , an d at 69 s for stand ard . lumps. In Crushed there appears to have been little •.• the refiners having sold so very largely for delivery above t ry months forward, are offering very little at present. In leer, there is little doing. MAURITIUS.—The quantity brought forward having ba ... ell i e very large, has produced a d ec li ne on l as t we ek's rates o fd - per cwt for all descriptions, excepting the best yellow ee grey qualities. • for lOREIGN.—The market has a very firm appearance te , every kind, and the general opinion is, that a further advaund., in prices will take place ; our refiners working under b t : h i f ‘.. are using a much larger quantity than last year at , period, of MoLAssEs.—This afternoon at public sale 123 po s the Demerara Molasses were taken in at 19s, being above value. There were buyers at 15s per cwt. lied COFFEE.—This afternoon the market was better suPP with Mocha Coffee, four parcels, amounting to 235 bales a i s 7.bags, were offered at public sale; the whole sold. but 7so per cwt under former rates. Ceylon met attention, "w e st • bags at auction were disposed of at the full value. Of y' de ., India 105 casks 24 barrels were offered, which went at a , . cline on former rates of 2s to 4s per cwt. aud . ' COCOA.—The demand has increased for West Indie%„k; importers have obtained prices they cou ld not get last lr'id ; 311 brls of Trinidad of the new crop a t p u bli c sale were _ s° 4 3 s , tine red at 565, good 48s to 49 5 , middli ng d u ll 42s 6d to middling grey 425, and fair 40s to 41s per cwt. but TEA.—To-day there was a better demand for L.w....„ ga 0 • holders were unable to obtain any a d vance i n prices. Von. • low to good common sold at Bid to 10d, and TwankeY at is lid to Is 2d per lb. 'len t SPICES.—This afternoon Sumatra Pepp e r was in ex•_,c e n t at ••, request, and 4,091 bags at public sale were all dispose t r e at . the former rates. 36 chests Cassia Lignea buds were Wit t ig 75s per cwt. 107 bags 15 casks of African Ginger boug 32;1' .; at 50s per cwt. Pimento still wanted, and at auction bags were sold at firm rates. - f stre ag RUM, BRANDY, AND HOLLANDS.—Dem e rara Rum . o rti quality still wanted, and fetch fair prices, but inferior eie 4 are of dull sale, and may be had at is lid to 2s 3d. e sul; • Jamaica prices are goi ng d own ; 10 t o 20 PT i d to Overproof 2s 5d to 2s 10d, 30 to 40 over 2s PT id • 3s 6d, better quality 3s 7d t o 4 s , an d superior r ate to 4s 9d per gallon. For Calcutta reduced oft taken, 200 casks having been sold. at is 5d to is 6d P ie; with certificate ; and a parcel of low ditto at ls 4d *- nra ndi ward Island at Is 8d to is 9d p ro of s t ren gth. In -.L i d e ra the transactions are upon a m o re ex t en ded scale, 0 " be at . submitting to further reduced rates. Cognac' eon s ' brands of the vintage o f 1838, h ogs h ea d s 4s 6d, Plul a id; 43 4d; ditto 1839, h o g s h ea d s 4 5 3d, p un cheons, 7 4 , 2d, ditto 1840, 45 2d, puns 4s Od ; ditto 1841, bhd a le43r purrs 4s Od : ditto 1842, hhds 3s l Id, puns 3s 9d: ditte_.vir ',lids 3s 10d, puns 3s 8d : ditt o 1844, l i hd s 3s 9d, piing Sod middling and good midling of the various vintages 7d We t n to 3s 6d, low 2s Gd to 2 s Bd, an d B or d eaux 2 s 6d to je ttle gallon. For Geneva, prices have given way, and is °; es suil value of common ex p or t sor t. B r iti s h C orn Spirit s at lOs 2d per gallon nett cash. enab le EAST INDIA. —Although there has been a 00 t increase in the supply of B enga l S ugar thi s week, Yew • vious rates have been supported, excepting for brov vil • wi teli has declined 6d to ls. Madras is wanted, and l b w d several parcels have been sold at prices rather abon ve the last auctions. At public sale only 116 bags "":„. v • offered which sold at 39s 6d for fine brown, 305 for,f";ar.„.l to 0" and 37s 6d for good brown damp and washed. T he ma rk has a firm appearance for Foreign East India Sugar; i e sttur - in good demand, and the advanced rates previ va t i a ld fished are fully supported. At aucti on 8,712 bags a s b i e. portation were taken in is per c wt a b o ve the site" sur; private treaty 4,000 bags of old quality sold at, re y. bags with certificate at 46s 6d for good middling?' -tegiven, • has met attention, and in some cases stiffer rata action 'A 2 A. some parcels were sold by private treaty, and at L fo r gow bskts duty paid with certificate fetched 475 u- broffh strong grey, 46s to 46s 6d fo r m iddli ng , 45 s for . 01- t , bskte ' 44s 6,1 to 47s for damp, and 44s for washed. Twenty fet of old importation in bond were taken in at 245 per C low soft white. of Fuurr.—There has been little business transacted t- - m . of • description of Fruit this week, and the gener a l tendea' prices is downwards b e tter .• • COCHINEAL—AIthough the market has been much 0 01 supplied this week, yet former rat es are sus t a i n ed, and "" . demand has been experienced. OlLS.—This afternoon at public sale 171 casks °- j or , Nut Oil were partly sold, Madras good at 28/, 'woke' • and Ceylon good 271 per tun. With Southern tue_.d at was much bettor supplied, and 150 tuns were oner,;,o public sale, and mostly sold at 2515 s to 281 lOs fU e r, te s.' good, and fine at 291 to 30/ per tun, being fair market a pe TALLOW.—This afternoon there were several Pub 36 5 6 d; of Tallow, 502 pckgs of South American went at 3 0 s Y s . l .": esst a 311 pckgs New South Wales 32s 9d to 405 3d ; 0 ,.• East India 40s 9d; 42 casks Itali an 36s 9d to 3 8 s; e f• fl u e of St. Petersburgh 36s 3d to 36s 6d ; 10 casks Cap e quality 39s 9d to 40s, being rather cheaper. INDIGO.—Since the conclusion of the quarterlY— sa rant a East India little business has been transacted, but ;In v itees are not disposed to submit to any further decline i'S b r e ebe: ; and there is not much offering for sale. The deman d her,et come dull for Spanish, and the rates accepted a re under those previously quoted. COAL MARKET. Prices per ton at th e c l ose o f t h e mar k e t : —Cares, A'e P lt 17s; Davison's West H ar tl ey , 17 s ; N ew T a nfield, I. 4s i rlitob Tanfield, 13s; Tayl or ' s W es t H ar tl ey , 16 s 6d ; W rest h, 16s; 15s 6d; Wylam, 14 s 9d ; W a ll' s • en d, Killingworto, 2011 Braddyll's Hetton 17s 9d ; East Hetton, 17s; Ha s , we ijetig b : Hetton, 20s ; Lambton, ' 19s 6d ; Hartlepool, 19s 6ci; t urtleP hall, lis 6d ; Kelloe, 19s 3d ; Seymour Tees, 1 8 s 6d ; yortlei 16s ; erton, 16s 9d ; uffr Wodefield Coke,yn Steam, 2265.—52 s 9d; hips Art — W est iced Sl ' NethD • LLOYD'S SHIPPING. IMPORTANT TO MARINERS., pnplifee4 a of j. KINGSTOWN, APRIL 16.—A green buoy has ue -- on the wreck of a brig sunk on the inner ed.F7 Victoria Bar, on the following bearings "„bu o y ;,.an bmiy, 'W. S., by compass, and V. I. black eu'resee° N.W. by N by compass. Her maintopmast is e t ri 3 e standing, and the r e are t en f ee t more w ater le " than on the wreck. CAUTION TO MARINERS BOUND GRENADA. arel.de; Extract of a l e tt er rece i ve d at Lloyd's from o f 0)7 dated Mar c h 25, 1845.—" The Commissioners /Ohl Harbour and P or t o f St . George's make kno wn t„°,75 o 0 as agent for Ll o yd' s , t h at the red and black 17 : 11 "; bee s • the Three-fath om B an k , o ff P o i nt S a li nes , ba carried away, it is not the i n t en ti on to replace ,v4ilu EAST INDIA SHIPPING. •tio, Arrivals—Au g u s t a Jessie, Harve, from I ' l ' l°l in the Downs, sa il e d D, c. 6, e Cape, Fell 10. Feb; I f Arrivals at Colombo, Ceylon-Alibi,,Rhod ee ' hos D" op, from Calcutta, and sailed 24th to Galle ; Northumberland, Scott, 22d, from London ', ll l , a t itte,. ; Auld, from Calcutta, and sailed March 10 to ' Li t t': Ao: Palmyra, Daniell, 26th, from Bombay; Cami l l us ton, 27th, from Cochin to Liverpool; Coluinho s ' t March 2, from London to Bombay; Deva, SPr, e3 l :' f t 1 from Madras, and to sail 18th; Bangalore, Sot; s n ,,, Galle; Constance, Martin, 6th, from Maurit',- 'fro" sailed 14th to Cochin ; Emerald, Nichol, 9 " 1 0 Moulmein; Lemnos, Rowell, and Triad, Bro W i lt fro from Mauritius ; Champion, Helpraan, 1 11 h, pike' Western Aust ra li a to Bombay; Lady of th e 13t h ' Taggart, 11th, f rom L on d on; Skipton, J o hnson> to from Mauritius ; Duchess of Clarence, from t Tutucoran. Departures from Colombo—Cheber, Feb. 29 i,":0 0 1 a .e don; Mermaid, to Calcutta; Lydia, March 3 9,,„' TP . and Moulmein; Thomas Jones, 111 b, to Gre' Ll " . Sharp cleared on the 14th r London. Arrivals at Bombay— fo Dorosina, from L i 01; o va Flora, Muir, from the Clyde. ion; le; Arrivals at Hi - mg Kong—Royal Alice, MOT - Hannah, from Liverpool ; Chusan, from W e 3 5 . ; Mohawk, from London. Fe b, Arrivals at St. H e l ena —L a d y D o uglas, Atow e, Atlantic, Emanuel, Ann M ar i a J ane , Vigilant, P:Roi Vi.,itor, Harlequin, and Albion, 24th; lanthe„' 10 0 1' and Louisa J ane A gno, 2 5t h ; Ph cea i x , Jessie fro" and Tr o ub a d our , a ll f rom l e h a b oe ; Roseh u Algoa Bay; Sussex, Comin, 26th, from Mai.sitiiis. 'lO Sill flayr.E.-----A few days since the marinergt f ps t h le on board the vessels of this port, struck for Wag--the may now despair of accomplish' th • object' pelf , ing their f the vessels have been sent to sea, and are worked " 1 oppointed seamen.—Penzance Gazette. --------- ____---- 01 a BIRTHS. , On the 24th inst., th e Lady Charlotte Clietw"„cle, re, daughter. t 30 4° , On the 23d inst., in Upp er G eorge - s treet, L° r 133 • PT' the wife of John C. Langmore, M. 8., of a son. _me t On the 23d inst., at Barnet, th e lady of E. G '' of a daughter ___ MARRIED. e l, S L. On the 24th inst.. at the Boman Catholic charola, .03 ter's, Joseph Sydney Wollett, Esq., of Lanark. of 11 111 0 , 3 r min to:: Priors, to Jane Matilda, only daug hter ., the Francis Patterson, Esq., of Brunswick-house , town c ol- DIED. jssb ella On the 14th inst., at Boppard, on the Rh- ; n,!', FrikOr'• Ote quhoun, the youngest da u ght er o f Major Anal e " Da' " - v ~ •lste . ° of the Madras Army. ' . f On the 22d inst., Thornas Wright Willi, -E- L - . vonshire-street, Portland-place. • oi• 1- (1 10; London: Printed and P a bli s h e d by 1511311 13 -,... 10% 1 4 0) .1 No. 112, Strand, Printer, at The Sun 002 r collV Strand, in tha Precinct of the Savoy, in fr' ee ts,aturclay, April 20, 1845. T O I At 441ert T. et NIT" to T HE it'alo4'h 4 tt4 4 Y ; at Li ed ° 14 4 tat! ntrN4y hl e t t it l t eT 4 eliir th t4 ' t wt h 4 4 44 41 4 , th h.., i t i k,. ° 4 11 1 4 1 ' 0 1 ci o ,:krr e ' 1 4 Q ; °l\l flr t 11:14t1;411 ,1 2 4 ,1 3 1,0 ‘V, 4 I ? I I 1 THE SUN, LONDON, SATURDAY EVENING, APRIL 26, 1845. I