The Express.
London, England, 1853-04-28 00:00:00

PRIVATFBUSINESS.

On the motion of Mr. BROTUER7ON the following
resolutions were agreed to:—That th: order referring the
Rochdale Improvement Bill to the committee of selection be
read, and discharged : That the bill be withdrawn. That
leave be given to bring in a bill for the improvement of
the town of Rochdale, and for providing a cemetery there,
and for other parpoees, and of which the short title is" The
Rochdale Improvement Act, 1853;" and that Mr. Bright
and Mr. Miall de prepare and bring in the same. That the
Londonderry, Enniskillen, and Sligo Railway Bill be to.
comnitted to the committee to whom it was originany re-
ferred ; and that the committee have leave to sit and pro.
reed to-morrow, at 12 o'clrick. That the minutes of evi-
dence taken before the committees on the Glugow ater-
work'. Bill in session lb 16, and the Glasgow Waterworlu
Acts Amendment Bill in session 1448, he relernil to the
committee nn the Glasgow Waterworks Bill of the present
session. That the Sidney Susses College Eitate Bill be
orderedto be read asecond time.
. .

-.-
The Reading Market and Wi.ston Vira'„ggeroeks bale wet.
severally read a third time.
The 1: lit Anglian Railway Bill we-, read a seemtd time.

interested in stock as trustees. C.msi•lerir a the doutte that
had been expressed by many members es to the provisions of
this bill, he thought longer notice oug'4 to have bean given
of that stage when the bill would irrevocably pus 'Ghat
brae.
The CHANCELLOR of the ucHEQuErt saidihe
Solicitor General had heePe ,4a an addition
fur the purpose of •
tion to the 11th
.steting the views of the hon.
and learned gentleman,
0;1 perhaps the most convenient
eeee'e would be that she new clause should be taken Gest,
and if it did not iv
diet the views of the learned gentleman
he might PrePe'.4 an amendment upon it.
Sir F. KF,,j •
.LY said this was another reason against
undue "-vc;;Atancy. He was now told the government had
Prtiotivl a clause to give effect to his views ; but he must
4 V.essaity propose his clause now, or not at all ; fur he
lriew nothing whatevefof tho government clause. Had
that clause been printedand placed in the bands of mein-
ben it might have prevented a discussion. He hoped the
right hon. gentleman would state the precise terms of the
government amendment.
After some conversation Sir F. KELLY proposed his
clause relating to trustees.
The CHANCELLOR f the EXCHEOU E R said the clause
introduced new matter which had not before been touche d on.
The government had consented to place the procer dings of
trustees under the control of a judge of Chancery ; and he
understood that was considered sufficient on the other side.
He had not thought it necessary to print the clause ; but it
differed from that of the learned gentleman. which was not
conformable to the course adopted in bills of this kind. It
had not been usual to require the consent of all the parties
interested in trust funds to their conversion. The necessity
for some special provision arose from the fact that one
alternative offered by this bill gave a greater advantage to
parties having a present interest, and another gave a greater
advantage to those having a future one. They had placed
the discretion of the trustees, in the compulsory conversion,
under the control of a judge in Chancery; and it was
proposed by this proviso (which he read) to do the same
with regard to that conversion which was voluntary.
Sir F. KELLY objected to this proviso, because it un-
necessarily exposed trustees and families to the expense of
an application to Chancery.
The CHANCELLOR of the EXCHEQUER suggested
that the discussion on this clause should be postponed till
tho Solicitor-General was in the house.

ItETUtiNiORWARED.

On the motion of Mr. V. ili-i.llYlßeturns et the
names of the several towns in %eland for which town com-
missioner' arc now appointed, ender the act 9 Oeo. IV., e.
82. Uf the present number of commisstoncrs for each of
those towns. Of the nute,,oer of householders in each of
those towns now registerwl under the said art, or the act of
& 7 Vic., e. 93, as grAlified to be tleetcd town commis-
sioner in respect or t..nements rated to the annual value of
201 or upward.; and of the number in each town eo regi-
d as qualified to vote in respect of tenements rated to
the 'usual vale.' of W. or upwards. Of the number of
householders in eseb of those towns rated at the respective
manual voltos of 4/. or upward'. Mi. or upwards, 10/. or up-
wards, 121. or upwards. and 131. or upwards. And, of the
number of inhabitants in each of those towns, according to
the government census of March, 18-51.
Ott the motion of Mr. BEN ET. the minutes of evi-
dence taken before the Huddersfield election committee
were laid before the house.

On the motion of Mr. T. CHAMBERS, Mr. Monte was
added to the select committee as Assurance Associations.

PUBLIC BUSINESS.

PETITIONS P]

Nt vottittes.—By Sir E. FILMER, from two places in
Kent, for government surveillance of nunneries.
Snit renranarrtze.—By Mr. JOHNSTONE, from
sting in Scotland, in favour of the abelition of tests
riTZ Universities.
Arro a aaa Clurnrreare DeTT.—By Mr. A. DUN-
COMBE„ from East Retford ; Mr. PINNEY, from Lymo
Beni, ; for the remission of.
Perate-norsea ix SCOTLA:CD BILL.—By Mr. BAIRD,
from a place in Scotland, in favour of this bill.
Ana ESTISEXENT DCTT.—By Mr. FITZGERALD, from
Ennis, for the repeal of this duty.
MakCIIAXT SUPPING BILL.—By Captain SCOBELL,
from Hartlepool, against certain clauses •f this bill
LAW or Serrermemr.—Sir H. HALFORD, from Tar
Sangton, Leicestershire, for alteration of law of settlement,
and removal end exemption of local funds from expenses
over which the guardians have no control.
ATTORNEYS AND SOLICITORS CERTIFICATE
DUTY BILL.
Oa the motion for the second reading of this bill.
Lord It. GROSVENOR said that since this bill was in-
troduced, the Chancellor of the Exchequer had declared his
intention of dealing with the subject. On Saturday last be
had accompanied a deputation to the right hon. gentleman ;
they stated the reasons why they were dissatisfied with
the reduction proposed; and he hoped that when the
resolution came before the house, the nght bon. gentleman
would tither accede to the wishes of the deputation, or give
a promise of a further redaction and ultimate extinction of
the tax. If neither of those alterations were adopted by
the right hon. gentleman, it would be his duty to propose
an amendment, pledging the house to the total remission of
the tax. Under those circumstances, with the leave of the
house, he should postpone the second reading of this bill
till tt eilnesday, the Ist of J Que.
Mr. BASS said he hail hitherto opposed this proposition,
seeing no reason why attorneys should be the first relieved
from a tax pressing on them in common with others. Since
then the Chancellor of the Exchequer had consented to a
reduction of the attorneys certificate duty, and had proposed
alterations in the licenses of seven other classes. By calcu-
lation he found that Messrs. Barclay, Perkins, and Co.
would hare to pay 2,5501. under the new system, and
brewers and melteters generally near 100,0001. This was
in effect an additional milt tax ; but he understood the
Chancellor of the Exchequer feeling the difficulties of the
ease, meant to modify his proposition. It was .something
like socialism, to levy these capitation taxes on certain
classes, while others, as cotton-spinners, iron-masters, rte.,
were exempt. He shouldl not object to pay them in com-
mon with others.
After a few words from Capt. Sconsan,
The motion was agreed to.
AGGRAVATED ASSAULTS BILL.
On the further consideration of this bill,
Mr. FITZROY moved the following amendments:
" And whereas, by reason of the establishment of a Court
of Criminal Appeal, the removal of indictments by writ of
certiorari is ne longer necessary for the decision of ques-
tions
of law, but is nevertheless often resorted to for pur-
poses of expense and delay : Be it enacted, that no indict-
ment, except indictments against bodies corporate not
authorised to appear by attorney in the court in which
the indictment is preferred, shall be removed into the
Court of Queen's Bench, or into the Central Criminal
Court, by writ of certiorari, either at the instance of the
prosecutor (other than the Attorney General acting on
behalf of the crown) or of the defendant, unless it be
made to appear to the court from which the writ is to
issue, by the party applying for the same, that a fair and
impartial trial of the case cannot be had in the court
below, or that some question of law of more than usual
diffisulty and importance will arise upon the trial. (No
certiorari to issue to remove indictment, unless recognisance
given for costs.)
" And whereas it is expedient to make further provision
for preventing the vexatious removal of indictments into
the Wert of Queen's Bench : Be it therefore enacted, that
whenever any writ of certiorari to remove an indictment
into the said court, shall be awarded at the instance of a
defendant or defendants, the recognisance now by law
require,: to be entered into before the allowance of such
writ, shall contain the further provision following ; that
is to say, that the defendant or defendants, in case he or
they shall be convicted, shall pay to the prosecutor his costs
occasioned by the removal of such indictment; and whenever
any such wnt of certiorari shall be awarded at the instance
of the prosecutor, the said prosecutor shall enter into a re-
cognisance (to be acknowledged in like mutate as is now
required in cases of writs of certiorari awarded at the in-
stance of a defendant) with the condition following, that is
to say, that the said prosecutor shall pay to the defendant
or defining/a, Mums he or they shall be acquitted, his or
their costs eseeelesed by such removal.
"The coots heireinbefore respec'ively mentioned shall be
taxed according to the course of the Court of Queen's
Bench ; and for the recovery thereof, the persons entitled
thereto shall, at the expiration of ten days after demand
made of the person or persons at whose instance the writ of
certiorari was awarded, and on oath made of such demand
and refusal of payment, have a writ of attachment granted
against him or them by the Court of Queen's Bench for
such contempt ; and the said court shall and may_ also order
the said recognisance to be estreated into the Exchequer.
(If no recognisance given, court to try as if no certiorari
awarded.)
" If the person or persons at whose instance any writ of
certiorari shall be awarded shall not, before the allowance
thereof, enter into such recognisance as iv hereinbefore pro-
vided, the court to which such writ may be directed shall
and may proceed to the trial of the indictment, as if such
writ of certiorari had not been awarded (Not to apply to
certioraris at the instance of the Attorney-General.)
" This act shall not extend to any writ of certiorari
awarded at the instance of her Majesty's Attorney
General."
Mr. WORTLEY said he +mill take the opportunity of
throwing out a suggestion that the law of reeognisanees
generally required amendment. Nothing was so difficult
as to 'street a recognieance. It was also desirable that
coroaers should have power to take bail is eases of parties,
against whom a verdict of manslaughter was returned. He
knew a recent case of that kind where a verdict of man-
slaughter was returned against an engineer without the
slightest evidence.
The amendments were agreed to, and the following clause
was added to the bill .—" No person committed to prison
under any warrant or order of one justice of the peace, for
or on account of not entering into recognisances, or finding
sureties to keep the peace, or to ho of good behaviour,)
shall be detained under such warrant or order for more
than 12 calendar months from the time of such commit-
meat."
The third reading was appointed for Friday.
JUDGES EXCLUSION BILL _

The bill, as assesded, was eossidered, and ordered to be
read a third time es Wednesday next.
COUNTY RATES AND EXPENDITURE BILL.
The consetittes on this bill was postponed tall Wednesday
asst.

SOUTH SEA AND OTHER ANNUITIES COMMU-
TATION BILL.
On the further proceeding on the third reading of this
bill.
Sir F. KELLY complained that the bill had been
brought oa at an early hour th it morning, when he was
not in his place. Ile took the entire blame of this, but
owing to a variety of engagements he was prevented from
attending the house at all ; and it was only on seeing the
papers that he learnt what had been done on the bill. The
Chancellor of the Exchequer was in error in stating
that he had been in the house in the early part of the
evening. As he had consented to the bill being brought on
at any Lour of the night cr morning provided due notice I
were given; but if that notice was only given in the votes
if the day on which the bid was to be brought on, it was
tot sufficient, 111 the votes were not delivered sometimes till I
noon. lie regretted that no member of the governmeot
was now present, as he had clauses of importance to move. .
He must, however, dis.lisrye hie duty, lest he should be
deemed a participator in further delay; and it was moat
important that no time should be lost with a Lill of this
Kind, by which the money market wan necessarily affected.
/kill be mast conteni that the bill had not been prepared
with due consideration. He had two clauses to propose,
no. to limit the creation of 21 per cent. stock to ten mil-
was mad 140 other to provide for the protection of "ono

Sir F. KELLY concurred, and postponed the clause
affecting trustees. Ho then proposed a clause limiting the
creation of the New Two-and-a-Half per Cents. to eleven
millions. He warned that the whole of the holders of
Smth•Sea Stock would accept the New Two-and-a-Half
per Cent. Stock, and it was therefore necessary to make the
amount eleven millions instead of ten, as he had at first
proposed. The effect of all these operations was substan-
tially to create about 100 millions of new stock, including
the Exch. quer Bonds; and though no actual addition
might be made to the national debt, a new loan or contrast
between the state and the country would •be made
for 100 millions. In such a case, the invariable
course was to submit to public competition the
bargain he wished to make, to invite tenders, and to accept
the most favourable term,. There had been an
in-
stance of sun a loan being effected where the terms wen
dictated by the minister of the day. The operation of Mr.
Gonlburn in 1542 was not a case in point, as he was them
paying off debt, and stocks which had cost 1001. were than
at 1021. Instead of inviting tenders from capitalists, some
of whom might have offered to take 21. 10s. for 20 or 30,
years only, the Chancellor of the Exchequer himself fixed
the interest at 21. 155., and offered a guarantee for 40 years.
If these terms were thought disadvantageous to the eapi-
taint they would not be accepted ; hut if they were toe high
the country would he paying a greater amount than there
was any necessity to pay. If the Chancellor of the Exche-
quer knew beforehand what would be the result of in=
tenders, and knew that not a single tender would be
at a less rate than 655. per cent. and for a shorter gnmenmene
than 40 years, there was an end of the objection ; but am
he had made no each statement, it was manifest he had net
that knowledge; and the probability was that an injury
would be done to the state. The course taken by the go-
vernment was altogether unprecedented. The bill was a
trap, and a bad bargain for the public. Ho concluded by
moving a clause limiting the New Two-and-a-Half per
Cent. Stock to Illmillions.
The CIiANCELLOR of the EXCHEQUER said he was
surprised that his hon. and learned friend had entered his
amendment in the form of a new clause, and not in the
form of au amendment to an existing clause; because if the
clause was agreed to, the effect would be that there would
be two clauses in the bill, the once contradicting the other;
fir there would be one clause allowing 30,000,0001. stock to
be created, and another providing that 11,000,000/ only
should be created. (Hear.) The hon. and learned gentle-
man said the whole course of proceedings which the govern-
ment adopted was strange, unusual and impracticable;
sad that there was another course which was the usual, the
may and the invariable course, and which the government
ought to follow—and that was, that they should borrow
sassy in the market. The hon. and learned gentleman
did not say what should be done with the money after it
bad ben borrowed; but he presumed that his bon. sad
learned friend would apply it to the extinction of ens-
isting stock. The honourable and learned gentle.
man said he stated this without fear of contra-
diction. Ile (the Chancellor of the Exchequer) did not
know what his hen. and learned friend's fear of contradic-
tion might be, but as long as he (the Chancellor of the Ex-
chequer) had a scat in that house he should feel it to be hie
duty to give the most unqualified contradiction to his ver-
sion of the course of former proceedings. He (the Chan-
cellor of the Exchequer) had pursued the course which had
been invariably pursued. In no case did the Chancellor a
the Exchequer g i into the market to borrow money and ap-
ply it to the extinction of stock. He granted that with re-
gard to the creating of Exchequer Bonds the cue was dif-
ferent. That was a new stock, and they proposed, as far as
they were to be used, to raise money upon them, not at a
fixed rate, bat according to what they could obtain for them
in the market. The value of these bonds would be tested
by the feeling of the public. But he heard of such a
thing as raising money in the market for the pur-
pose of extinguishing stook. But, waiving the ques-
tion of precedent, would it be reasonable to take this course ?
Could his hon. and learned friend seriously supposephat any
Chancellor of the Exchequer or any House Int Commons
would ever enter upon such a course of proceeding, which
ho must call au excessively irrational one. (Hear, hear.)
For what would be the effect of it ? In the first plies by a
purely artificial and unnecessary operation they would
create a scarcity of money by borrowing, and then by pay-
ing back they would create an artificial glut. (Hear, hear.)
They applied an artificial stimulus first in one way and
then they applied an equally artificial stimulus in the oppo-
site way. (Hear, hear.) The reason was conclusive
against such a plan, and the house could never dream of
adopting it. But the motion of his hon and learned friend
had a narrower scope. It was to limit the creation of stock
to 11,000,0001., which would completely cover the
amount of minor stocks which would be subject
to. compulsory conversion under the bill. His ote•
jeetion to that was this .—ln the first place the
house had adopted au arrangement by which there would
be no increase of the capital of the debt whatever, in conse-
quence of the creation of this Two-and•a-Half per Cent.
stock. .When it became liable to redemption there would
be no increase of the capital of the debt whatever in conse-
quence of the redemption. The fund provided by the has..
would reduce the debt in a greater degree than this addi-
tional capital on paper would go to increase it. In the
next place, he objected to the limitation to 11,000,0001.,
because it was too small in amount to test fairly the experi-
meet they wished to make. (Hear, hear) It would not
come enough into public view thus limited. It was for this
very reason that the hon. member for Huntingdon (Mr.
Baring), who supported the proposition of the hon. and
learned gentleman the other evening, objected to the
30,000,0001, for he said that it was too small a sum to test
fairly the value of the stock. The house had determined
on the creation of the stock. Triers was no longer any dig.
piste on that point, but the hon. and learned gentleman
culled on them to create it under conditions which would
deprive the government of the benefit of the experiment
they proposed to make. (Hear.)
Mr. HUME thought that the mode of proceeding adopted
by the Chancellor of the Exchequer was the best.
Mr. [SPOONER said he did not go with his hon. and
learned friend as to the mode of raising the money, but he
could not help thinking that the government were making
• bad bargain fur the state, and one too much in favour of
the capitalists. He had the opinion of two actuaries in ems-
finnation of that view. One of them estimated that the
value of 821. les. at 3 per cent. was WI. ls., and that a
1101. was 971. Si. The other estimated their values at
92/. 3s. and 961. 161. 6d. respectively, thus making a dif-
ference of 7d. per cent, on the 110/. stock &mann the state.
The doctrine of equivalents, therefore, could not be main-
tained.

The CHANCELLOR of the EXCHEQUEIt—That was
on the assumption that it would be redeemed at the end of
forty years.
Mr. SPOONER—What else could they do? If it was
to be dealt with as a mere annuity, what benefit would be
received ? What would be; gained at the end of forty
years ?
The CHANCELLOR of the EXCHEQUER—That
they would have to pay but 2/. 10s. instead of 3'. per cent.
Mr. SPOONER—But they were paying (or that now,
because they were paying on 961. 161. Another objection he
felt was, that they ought not to tie up the hands of the
Chancellor of the Exchequer for forty years, on account of
a saving of 2.. 3d.
' • Mr. 'WILKINSON said that if the hon. end learned
gentleman divided the house, he would unaillingly divide
with him on the question of the limitation of the stock.
Mr. WILLIAMS said the hon. and learned gentleman
I overlooked the difficulty which the Chancellor of the
Exchequer had to contend with in effecting the reduction
of a debt of 500,000,000/. lie did not exnect that any Chen.
. , cellor of the Exchequer would fee the time when he could
deal with it u a whole, and give the 12 months' notice
which we. required for the operation. If the Chancellor of
the Exchequer could effect even an impression on the debt
he would do go.xl. (Hear, hear.)
The clause, after a few words from Sir P. Kitty, was
withdrawn.
Sir F. KELLY then proposed the addition of words for
the purpose of preventing the acceptance of this new stock
without the consent in writing of the e,01.11 quit trust, or in
eases of legal inability, without the consent of the Court of '
Chancery.
The SOLICITOR-GENERAL thought the ill/Mite of
the clause with the words proposed by Lis hon. and learned
r friend would be somewhat arobluous, and in order that
r
the might be no mistake, he had framed a clause which
he 6:ought would substantially meet the view of his hon.
and 'wiled friend. The hon. and learned gentleman then
rend the clause, which required the consent of the trustees, .
executors,
or 'adminiseraters, and in cases of legal disability
of the Court of Chancery; but providing that where tho
parties interested did not agree, the interposition of the

~r'~t

56: • ."‘

THE EXPRESS, THURSDAY EVENING, APRIL 28, 1883.

Clan OMAN", sista be requested to" the ilenuaatitien)
et Al steak.
eta F. KELLY said that his object 'WU that the hoiden
Its treat should not have the power of exchanging or con-
verting the stock without the eonsent of all the parties in-
terested. • Bat in the Cal. of lunatics, infanta, and peewee
under coverture, he proposed that the stacks might be com-
muted under the authority of the Court of Chadeery. If
the clause proposed by the hon. and leased Solicitor.
General provided for both these objects he was satisfied.
He objected, however, to that part of the clause which pro-
vided that where the parties differed they might go to the
Court of Chanc:ry. He thought that would lead to great
exiles, and inconvenience. He would take that oppor-
tunity of expressing his satisfaction at the mode which the
Hr use of Commons pursued in dealing with important
clauses ; where millions of money depended on the words
used. (Hear, hear.) He suggested that the clause should
be postponed and submitted to (either consideration.
Mr. MICHELL objected to any clause which would
force trustees into the Court of Chancery. (Hear.)
The SOLICITOR-GENERAL said the Court of Chan-
cery had been much altered of late. (" Hear, hear," and
laughter.) An application of this kind could be now made
to a judge sitting in chambers, and the cost would not be
more than a few shillings.
Mr. WORTLEY thought tho house should be cautious in
this matter, and should be careful not to adopt words more
extensive than it intended. He believed that the trust
funds amounted to half or more than half of the stock, and
if the consent of all the parties was necessary before coeval-
sion could be made it would be impossible for any large pot,
Don of trust property to be converted. The house might
adopt the plan which had been adopted in the bill for mat-
ting off entails in Scotland, which require the consent of •
certain number only. (Hear
Mr. MtiLLINGS said he did not object to the clause pro.
posed by the Solicitor-General, but he doubted if it would
have a good effect. Ile had been 30 years conversant with
the practice of Chancery, and he had no doubt that if the
parties were obliged to come before that court it would lead
to a great deal of expense.
Sir J. GRAHAM said he would recommend the post-
ponement of the clause if the parties on both sides of the
house were agreed in the principle. But there was a great
difference of opinion as to the principle. Gentlemen on the
opposite aide contended for the common consent of all the
parties interested in the trust. If the home gave effect to
that principle, and objected to the int tion of a judicial
tribunal, practically that would bar the operation of the
bill. (Hear, hear.) He could not be so sanguine as to ex-
pect that the recent reformsof the Court of Chancery would
do away with all expense, but one of the great objects of
these reforms was to put an end to the expenses in the
Masters' offices, and for this purpose a summary power was
given to a judge in chambers. (Hear.) He thought that
no greater slur could be cast on the judicature of
the country than to say that if it was necessary ha
eases of this kind to come before the Court of
Chancery it would entail a ruinous expenditure. (Hear.
hear.) If that were so the attempted reforms of the
Court of Chancery were nugatory. He did not believe that
it was so ; but if the fact was as the hon. member
(Mr. Mailings) stated, further reforms of the Court of
Chancery became absolutely indispensable. (Hear, bear.)
It appeared to him that nothing could be more just than
that, in the absence of a common consent, there should be
an appeal to the Court of Chancery. Much might be said
in favour of the suggestion of the hon. and learned member
for Bate (Mr. Wortley); but at present he was decidedly
of opinion that no other course was open to them than that
proposed by the Solicitor-General. (Hear, hear.)
Mr. HENLEY thought it would be unwise, where five
parties were interested in a common food, that one of them
should have the power of dragging the other four before
even the amended tribunal of the Court of Chancery, and
exposing and ripping up all the circumstances of the trust.
He pretested against parties being dragged into a Court of
Chancery without their consent. This was a departure
from all known and recognised principles of law. He con-
fessed that there was in this proposal a prospect of doing
more harm than good ; and he did not see why they should
net leave patties when there was no necessity of doing any-
thing alone.
Mr. CARDWELL said they were going to offer the
inducement of self interest to certain persons to accept their
terms. If it were not their interest to accept them the
whole of the operation would fail. According to the pro-
position of the right hon. gentleman who had just sat
down, if there were five persons under trust, whose trustee
considered it for their interest to accept the trust, but there
was some d nibt in the mind of one of the cestui que trusta,
that it would not be for their interest, the trustee could
not accept the terms unless they all consented. If the
trustee could not accept they would he in a worse position,
because they would be left to
.be paid off at a more disad-
vantageous time. Then, there being a majority of the
oestui que trusts, who were desirous to take advantage
of the terms, and:the trustee being also desirous of taking
advantage of them, hon. gentlemen opposite objected to the
=on of a court of equity, through which the common
might be adjusted. and thus they would frustrate the
apandloa of the act. Were they to leave it to those whose
paparty was not under settlement to accept terms which
was beneficial, and leave those whose property was under
trot to operations whichtwould he more injurious to them-
selves? If it were to the interest of those who were not
wader trust to accept the terms offered by the Chancellor
of the Exchequer, it followed that thou who were under
host should be in a condition to accept also.
ne. NEWDEGATE said the right hon. gentleman had
rlgthe whole question. The sum to be dealt with was
el, and they could not apply the same reasoning to it
u if they were dealing with the whole amount of the funds
and were offering propositions which the parties mast accept
or decline.
The proceedings were here interrupted by the appear-
ance of Lord Drumlanrig at the bar with the
ANSWER OF HER MAJESTY TO THE ADDRESS.
Lord DRUMLANRIG read her Majesty's answer to the
address recently presented to her on the birth of a prince,
and which was as follows:—" I have to thank you for
your loyal and dutiful address. The interest you have ex-
pressed in my domestic happiness is very grateful to me."