The Express.
London, England, 1860-01-27 00:00:00

THY
.-CONISL.TIIaTAD FUND. .

The hear neat ite-i;;;;;i1.7. - --- .
the
The CHANCELLOR of the EXCHEQUER rose
to move the following reeoladon, that it is expediliat to Create
a cheep them the Musothlthed Fund of the UnNni
doa of Gnat , Britain sad Ireland in repast aVIE
sems doe to @wings banks end *any societies, eel to pro-
ale he the penman of the intermit thereon to the Comthie-
dowers for the Reduction of the National Debt, and else to
make provision out of the Coneolidated Fund, or by Ex-
chequer BBL, or by Exchequer Bonds, for say dd.
hrates which may now or hereafter exist between
the smote in the heeds of the Commissioners
for the Redaction of the Eallesal Debt in respect of sayings
sedellzitzta
beaks end friendly apt the liability thence, and
for the interest on math
p.
or Exchequer Node ;
and also tea* ro
py each amounts of the
several Genital stooks althea*
ws::: mid commie-
doers ter whip benboithf tray, at
may appose to the Commis alter MagniTir Treaeury,
to be award, sad for the ereelsmot likaamthate of capital
stack lower rate of later* than the capital stocks
✓and for paying the hew aed the stock
en
created, he right be. oularea pettesoled to observe
that he hoped hon. pathless would amt aloe to any decided
oar= zeta be 11114 the steliwoot he we. shat to maks be-
hre the he... The assioar he atoalel was strictly in
thelsentily with seaska elk esavakeoe, sad with the
advance of public beim, • so that, notwithstanding what
had lent said, he hoped the reeoa would be adopted on
that tight It had be. hely otherved that it would be very
digital' he piker mks art el a remeore from a reolotiesk
He could sot, however, araprehool the objection of the how.
anathema the camber for livethem, who rod he could not
aarstead the resolution, and in a ZIONIset after said it wss
' the tame itaohition which he had brought forward fin.
yaws ago.
Bit H. WILLOUGITII*-11/4 Oh ....
The CHANCELLOR al the 1= HiQUER.—The hew
baronet certainly said the reeintlen wee to the same diem
It mast be obvious to ash is theft* the meet =eery view
of the matter, that these was the pester difilculty Is
framing such • rawhides as the primal, which proposed to
alter the .111116 of the law se repaid thedealthe with a per-
dealer feed, so that it sheellbensithereethil ea theatiolpate
the bill whir& wee to be fessila apes it, oar so serre a
not to give the easouiree as an dile rows. He silareat
that the law ore a tide to the aortae traktora am spo.
vernment over the parka ad kraut of theme balk mg
that of principal and him* law was a deer ekes to seed-
trim. Hs farther okellted la this wen MOM of 'doss
which celled for a remedy. That rem* be wpm/ is
A Aw
leyn the bill heap wall ea to glee a fell
fiery as heat aoa mei
the lib& am Omar k the Med. of rim
oral* ea Wirer, iostahla to the sillye=warrliesus.
(Hoer, her.) He ha at the silision Mir that
every hoe. member make epee with him that Ms food
shall be lad sewn soil baitmleas. (arr. Mar) If that
weassoir osel dohs of the ilea to sakes larks sod
trimly saleise woe orb he oweeerell by the moor el
era wadi the ormaismee hid, hat by the moor
whirl ha Many bees imbleme. (Thor, her.) la the
alsla eteromrsie sham the peomer kw of the armor alt.
gears orl the eassol of pale Ilebillty, the orsidentioa
jut areal to wwweallek anal
terreprotty those mew
emote were ears% he we owed hs Mealy walks sod te
serape hear it very trearehle Ira tat* he vegeta,
wee umber asestbral to ale sail ekessuate. That

gam-- ;rtm he sleet S,01•10111. That wee -ewe
object of the bill. • wool repo el the WO
was to have a corms. sialesset of Odle ddld
made from year en year a sleftweell daily weed.
and which would etreentOr eneeteneUeltiell MIL •
third object of the bill Mgt to aseasedso the time/sweat of
those moneys, but the nature of the esseintith i 1 the WWII
of his going into seek yertlealsee es mould deem low be
moat to earry thin out. A haw* shoes d the bill wee to
limit the power et meant possemed by tie Obsesellto of he
Exchequer over lbws &Ma, enetallie of gent dilklidlkaft
Some ens had 'pekoe of it me ft toMeesellse of Ihe
chequer wished r ebtela wee ewe li
tttbslels
es foils.
Why het wee rho as fuse
already gramessed toe most maters ever time hods
—move% he opiates, this hershie Wisest esedied. Tbe
remarks of the hon. sentaman the waraber fe Lm-
bent (Mr. W. Williams) se in as pram* oar
version of those funds fate fordo wow
quite true, and also that la WI a sew yenamet asthma)
Debt was wowed without the econtht of Isthesese• He
alluded to what were terinsd deiclesey buts
.eind tusaeolldeted
fund ; from and by snob west irldleintikelserve under
the present law supplied in thil balms, of lie lawbseesr.
It was well known that by the 0•111•1111 M of seek hills into
Inca, it wu in the power of the tweet staiwor, wire
there were deficiencies in the public rework le lees these
fends, making a permanent debt without the tempt Sir
pa-
ll That power be. by the proyesel Mt istilsi to
air dish. (Hew, beer.) Lay, he prows& $s heilt die
whole of the treimeotiose of the Chancellor of tits
through the medium of the National Debt
periodically under the revision of parliament. He taut my
he woe very sceptical u to what had been said about
the Pleat of those hinds, though he admitted theme
mirht havebere instances, but still he must again own that
there was vested in the finance minister • very considereWe
discretion, and he wee of opinion that the public interests
wosid be better served by these matters being spatially
brought under parliamentary review. He proposed In the
bill to enact for the first time, that all curb traneactioes
should. at the ocencipmeement of every serike, be submitted
to perlisemet, oar would be be content with the mere pre-
seatation of returns. The committee of that house which
set some three years ago on public monies among other re.
commendations made one very valuable and judicious, to the
aliat that the public) amounts in the various do-
parte:wow should regularly et the commencement of
every year be submitted to a committee of the holm,
whose members should be chosen by the Speaker.
This seemed to him (the Cheneellor of the Exchequer)
• NOM valuable surgeon... and be did not consider that Me
hoses. as the gaudier. of the public money, would discharp
he duty without seeing from time to time how those tocaseye
were appropriated. He had now tatted the rowel pro-
visions of the bill which he bad salted leave to %traduce—
reminding the oommittee of whet had happened on a former
emesioe. In 18.54, parliewset was summoned together to
consider matters connected with the Crimean war, and he
upon that occasion asked the house to emotion the Introilno-
nog of a resolution similar to the present, upon which to
foundabi t. This was objected to by Nona but the right bon.
gestlanee the member for Buckinghemshire rapported him
(the Chet...nor of the Exchequer) and we. of opiates
that the preliminary resolution ought to be first disposed
of, Is ee4w that a plan should be sabe ditell. wad this wee
des with the unanlinnne canseat of the hoses. (Hoer,
hear.) However, if she what he slated hoe. members mill
desired a postponement, be weld sot What resist It. His
wick was that tiny shoed Airs the ,r'ef'its whiney= to
toned a bill. whisk bethenti have printed la the mum et
these or her days, sod thin these weld he se adjammest
ol days, or sees via* Os saisalar Its
r)ag—ead Ware he Wed then to =VI=
The ;solution bobs We imail kw 111 Glat,.