The Express.
London, England, 1848-02-19 00:00:00

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tine of the terms wieseeted by the sage duke would
effect of the dams peapseed by the noble earl (Eg.
Their lordship! dos mama, when there appeared—

Contents

87
6t

iion-contenu

Majority for the amendment ..
Lord REDESDALE proposed another amendment,
main the following terms, " that Rebell not be lawful for
Majesty to receive any ambassador, envoy extraordinary,
mini►ter plenipotentiary, or other diplomatic agent, the
court of Rome shall have declared that it doth r
but distinctly disavows, any temporal or civil jty
power, superiority, or pre•eminenet, directly or
within these realms. or any part thereof."
The Marquis of LANSDOWNE opposed the
The Ea►l of SHREWSBURY ~id it would
wiser to leave the bill as it was, and rely upon the r
sad good betties of the people of this country.
The Bishop of SALISBURY said, as to has sp.
priaciple of the brth the it lordships should not defeat .
preposition such as that made. He should therefore
the amendment.
After a few words from Lord STANLEY,
mended the withdrawal of the amendment,
Lord REDESDALE accordingly withdrew
The Duke of RICHMOND proposed a clause providing
that no ambassador from the court of Rome should be -
mitted to do anything which a subject of this country ,
not do.
Lord CAMPBELL said that from the constitution
bill such a clause would be quite unnecessary.
The Duke of RICHMOND then withdrew his
Their lordships then resumed, and the report
to be received on Monday next.
Their lordships then adjourned, at twenty
10 o'clock.

HOUSE OF COMMONS.—FRIDAT,.
The SPEAKER took the chair at 4 o'clock.
PRIVATE BUSINESS.
FIRST READING.—The Dundee and Perth Railway.,
SECOND READINGS. —narrow Dubow ; Battle.bridge
loway-road Act Repeal ; Brighten Gas Light and Coke Co
Bristol Docks Trander eferkenwell Improvement; Dundalk
Marcy, and Cerrielunacromoroada ; Lambeth Waterworks,.
Improvement Act Amendment ; Low's Patent ; Middle U
age Acts Amendment; Payoe's Patents (Improversenta
Vegetable Matteis); Sufferance Wharves (Soothwerk)
New GM Light Company (Additional Capital sad Amendment)
ADJOURNMENT OF THE HOUSE.
It was moved that the house at its rising adjourn
day next —Agreed to.
STEAM NAVIGATION.
Mr. MUNTZ linked the President of the Board
if he was now prepared to state more definitely wl
of interference the government possessed over t
boats navigating our seas and rivers, and if they di
sees all the powers be had formerly presumed what
ha intended to take to check the occurrence of exP
Mr. LABOUCHERE had before stated that t
meat possessed the power of inspection. He
quiry, however, that some doubts prevailed v
authority applied to all steamers, and it might
to introduce a hid explanatory of the intentions
upon the subject.
SCOTCH ENTAILS.
Mr. COCIIRANE asked what day the government
name for the introduction of the promised .
subject of Scotch entails ?
The LORD ADVOCATE hoped to be able s
early in the ensuing week.
CHARITIES BILL.
Mr. HUME asked if any member of the government
now state when the Charities Bill was likely
deiced ?
The ATTORNEY-GENERAL begged to
subject was under consideration.
THE DEE BRIDGE.
Mr. OSBORNE said the right hon. gent.
bead of the railway department would no doul
that six months ago a terrible catastrophe occurred
falling of a railway bridge across the river Dee. '
had now been re-opened, and he begged to ask it
surveyed, and if the Railway Board had received
that it was perfectly secure ?
Mr. STRUTT said, after the bridge fell
gave notice of their intention to apply temporary
it, in order that trains might be enabled to pass
had gone on for some time on that temporary bi
had sow beset re-adjusted in a more permanent
• ormunission bad been named, of competent le-
investigate the construction of this sort of bridges'
which commission was pursuing its enquiries.
farther state, that communications had been m.
various railway. companies, the effect of which
additional security was being given to such bridgeson
lines.
THE BUDGET.
On the motion of the CHANCELLOR of '
ores, the house then went into a committee
The CHANCELLOR of the EXCHEQUER,
pro forma, moved a vote of eight millions.
Lord JOHN RUSSELL rose to make the I
dal statement. He said :--1 feel my strength
perform adequately the important task I have
that I believe I shall best discharge that duty
fore the house an outline of the financial policy r
leaving to future discussion the greater part of t
which in .y be required to enforn that policy,
commend the conclusions which I shall prey
committee to adopt. I shall therefore proceed
reminding the committee that the year which he
our beads, or 1 shoall perhaps rather say the
months, have been a period which, except in t
war and domestic insurrection, have been without
I think I may say in the history of this country.
hear.) The changes, the vicissitudes of prices, the
ties of commerce, the panic which more than
Tailed, the extreme Physical distress of one p
United Kingdom, and the extraordinary efforts
Have that distress, have altogether affected the
this country to a degree wholly unprecedented
(Hear, hear.) To give merely a notion of the
I will refer to the changes in the prices of
' changes in the rate of commercial discount a
England, and to the changes in the amount
by that establishment. In the first week
1846, the average price of wheat was 495. ;
the avenge price was 70s. ; in the week en,.
1847, it was 103 s. 3d ; on the Bth of September
it had fallen to 495. 6d., being only e,--
ence between it and the average price in ,
September, but more than 100 per cent. difference
price which ruled in the preceding May. The r
count—the lowest allowed at the bank—was it
1846, 3 per cent ; in April, 1847, it WM raised
in October, 1847, the lowest rate of interest
bank was 8 per cent ; and in Jan., 1848, It
cent. The amount of bullion held by the
October, 1846, was 15,787,3601. ; in October,
only 7,845,4461., and again on sth February,
13,821,9541. Now, I am referring to these
with the view, at present, of speaking either
which may have produced them, or of the e
from time to time, have been proposed i
some of the more aggravaqd symptoms of t
I refer to them merely for the purpose of
house how great the changes in cur position
how much such changes must have affected the
country. It is obvious, in the first place,
not have been such great vicissitudes
coin, without very much affecting the
exciseeble goods, bath by the agricultural ae.
mercial classes. (Hear, hear.) This, likewise,
another return, exhibiting the number of Is-
at Manchester, at full time and at short
ployed, at the different periods to which
On the 16th of February, 1847, the number'
ployed, full time, was 21,698; on the 2nd of
number had fallen to 14,8 el ' • on the Bth of '
I the number had risen to 32,146. The num)
ptoyed short time, was, on the 16th of
13,404 ; on the 2nd of November, 1847, 16
lot February, 1848, 4,901. The number of i
was, on the 16th of February, 5,600 ; on
rind risen to the enormous extent of 11,61
February, 1844, it had fallen to 7,600.
will be of opinion that it was impossible to_
take place, for such clitoral' to be felt, and
from excise duties not to be very -
such a state of things. (Hear, bear).
vicissitudes to which I hove referred,
affected the customs' receipts to a very coast.
When in April, and again in October, 1847
wide spread and so great discredit—a discredit
to panic—that ne men was sure what `
and the greatest commercial houses, even
tual danger of stopping, were at least corn)
the greatest privations, it was inevitable'
most extreme embarrassment' in trade,
would countermand, as they did countermand,
had given to foreign merchants, and would reqi
to be made te them in bullion, or other shape,
goods; and the equally inevitable result of t
that the trade of the country would be ma
lj zed, and that the revenue would suffer seven
suffered. (Hear, hear.) I will allude here to
of Mr. Huskisejni, in July, 1817. after the
suffered from the misfortune of a deficient
there had been a consequent deficiency in
" The falling off of 10 pi r cent. in a revenue
said the right hon. gentleman, " is not to t
when we consider the scarcity of provisions
full employment for the people ;" so the
gentleman regarded a deficiency of 10 per
of 50 millions as a deficier cy at which no
prised, under the circumstance*. Having
general case, to the details of which I will no
beceuse every hon. gentleman in the house
in his memory the state of alarm which
prevailed, and the oiscossions 'which 11
place here on the subject, having, I aay
I will now go on to state that which 1
present government to state, especially
apprehensions which have been spread
hon. gentleman who held the oaks
Exchequer in the late administration, e
out of office, a statement marked by the an._
which usually characterised his financial
statement, of course, aiiplj Mg only to the yt
was speaking, the tight hon. gentleman
taking into his *inmate for that year the se
naturally fall under the next year, which
be very considerable. In the first place,
tome of the military estimates, the right
only took three-four ha of the year, owing'
iu the mode of keeping the particular sie-
next place, three were eeveral sums vs
eider. d as compensations for the elssette
of which the burden did not fall on that
Lag year—that is, last year, there was
estimates, as compared with the year
but then the services unprovided for
felt upon 1847.8, involved a charge

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t
mid have the
I (Eglinton). w,. e
ain..
eared— . & -,,,, i
67 1
64
a ,
•
dment, which
lawful for her .
atreordinary,
ant, until the 11. 1
ath not claim,
jurisdiction, !
or indirectly,
1 amendment.
mid be muck
he good sense
. .
. i .
agreed to the
defeat it by a
ierefore resist
. ,
, who croon-
it.
ase providing
,ould be per-
country 1 1 1
could
1 I
dation of the
tie clause.
t was ordered
minutes past , .1
I
'FRB. 18. 1
I
ay Nit.
bridge and Bd. ,
Cote Company ;
Dundalk. Cud,*
ervoriu ; Leeds
dle Level Drain-
age in wanting
rack) ; Worcester
lendastat) ; BWa. •
'USE.
ijourn to Mon- 1
, I
e:1
Board of Trade . f
.ly what powers i
over the steam- i i
hey did not pee-
what
measures
A explosions ?
tat the govern-
le found, on in-
d whether their I
tilt be necesenry
co of parliament •
rernment would •
measure on the •
able to flx a day ,i '
I.
ivernment could
sly to be intro- )
.I I .
. ,
to state that the 1 . 1.1
:ntleman at the 1 i
doubt remember
occurred by the•
. 11
ile.. That bridge • i
ask if it had been 1 .
eived any report ..
II the company II ..
'eery supports to 1 .
pass Toe traffic
try bridge, but it
?ermanent form.
etent persons, to 1
dges on railways,
dries. He might
ten made to the
which was that 7 ' 1
ridgeson different
1!
of the Excite- i k
*of supply. I I
ER, having then,
be annual finan ii
Bth so unequal to
have undertaken
uty by laying be-
cy
of the country,
of the arguments
oolicy, and to re-
propose to the
weed at once, by
eh has pained over
he last eighteen
in cues of foreign
sithout a parallel,
country. (Bear,
ices, the chtilcul-
.han once has pre-
no portion of the •
Irons made to re-
-1 the cmdition of
ited in its annals.
r these vicissitudes • I.
of wheat, to the
t at the Bank of
,t of bullion held i
ek of September,
in January, 1647,
ending May 29,
Umber following,
r sixpence differ-
.) in the previous
flerence from the
The rate of die- -
was in November,
iced to 6 per cent ;
est charged by the
: was again 4 pee
a bank on the 10th
ober, 1847, it was
uary, 1848, it was
hese change', not
Cher of the causes
se remedies which,
in parliament for
A these calamities ;
of showing to the
inn have been, and
1 the revenue of the 4..
ee, that there could
e in the price of
i consumption of
I and by the cem-
rewise, is shown by
of hands employed
t time, and uncut-
h I have referred. i .
mber of hands em- i
d of November, the
of February, 1848,
umber of hands em-
of February, 1847,
16, 578 ; on the Bth I
f hands unemployed
n November 2nd, it
616 ; on the Bth of
I think the house
for such changes to 1
and for the revenue •
much affected by
The commercial i
.
I, must have also
considerable extent.
1847, there was so 1
tiacredit amounting
lb he could take up,
n though not in an
Impelled to undergo
le that there must be
and that merchants
ermand, orders they
told require payment .I. .
r shape, other than
suit of this would be
be materially pare-
:r severely, as it had i•
here to a statement
fter the country had
.ficient harvest, and
ncy in the revenue. 1
venue of 60 millions,"
it to be wondered at,
lions and the want of
a that the right hou, wr•
per cent. in a revenue . •
no man could be rar-
ing thus stated this
rill not further allude,
house must have fully
Mit at diff rent times
a have already taken '
say, stated thus much,
11 I think is due to the i
lly after the gross mis-
d abreact. The right
of Chancellor of the
, made, before he went ~
to ability and plainness
=mini explanations, a
o the year of which he .
tleman manifestly not
the sums which would
hick sums happened to
ho Gentleman
Lace
twithnreference to
swing to certain changes
et accounts ; and, in the
voted which were • - - - ..., . .
aRe in the co ._ alma ~ .. t a
hat year. In ••;.dUj,
arwmlB46-an in
7. of- "1"..".• -'s
t - "*.llitat
it • 1,148 7, ~.,f .• •
Of W28,600i., . '1: _.
i --.
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