The Express.
London, England, 1860-08-14 00:00:00

of dams 2:wirith aa lire wake al
withdrawn.

CHANCERY EVIDENCE COILML9BION BILL.
This Lill prised through committee, with some verbal
anieutltieute moved the LORD CRAR IL CILLO
EUROP FORAM (INDIA) BILL.
This bill peered through committee.
POOR-LAW BOARD ItONTINUANCE BILL—LOCAL
GOVERNMENT SUPPLEMENTAL (No. 21BILL—
EAST INDLI erotic TRANSFER, Au., BILL
Them bill' permed through committee.
SAVINGS RANKS AND FRIENDLY SOCIETIES
INVESTMENTS BILL

On the order for the mound reading of this bill,
The Duke of ARGYLL, pursuant to notice, moved "to
resolve that, inasmuch as the postponement of this bill will
withhold a power of effecting considerable +tunnel NMI(
which may be made under its provisions, and wdl
thus pmeticsally continue for • time en 111111006••
way charge on the public revenues, the arrow
stances which require legislation on this subject
appear to this house to be of such real urgency
as to render the immediate consideration of the MAIO De-
ce.ary." The noble duke said that when he undertook the
charge of the bill be bad no ilea that it was oppored and
still less that it wee opposed by kis noble friend ('lsord
Moutsughs) on the crow Leaches. He could not help think-
ing that there was some misconception as to the object of
the bill. It was quite true that several matters eueneeted
with invimp banks hail been mitten of keen controversy in
the other house of parliament, but this bill bad nothing
whatever to do with those matters. The most
*Hymning opponents of this bill when it was first
introduced were now strongly of opinion that the
mensurs should pass in its resent form. The facts
wen shortly these. The public were under an oblige•
. tion to the trustees of savings hanks' interest at per
cent., and, at the same time, they were hound to invest this
fund in certain public securities, provided only they were
part of the national debt of the country. The result was
that the interest due from them was much less than they
received. Comequently there was an manual loss to the
i public, which they were certainly not compelled to pay every
year, but which was, nevertheless, continually on the
increase. At first the loss accounted only to 100,0001. ;
hot at the present moment the =omit of deficit was
3,0011,111101. beyond the amount provided for by the act el
parliament The object of the present bill was simply to
alloy: the trustoes to invest these funds in other securities,
and thus enable them to obtain • larger amount of interest.
There was another question as to the power which the
Chancellor of the Exchequer lied for financial purposes
over this fund. It had been said in former tinier that this
financial power had been exercised in • way whisk
was convenient to the government of the day. But
I this queetiou was not approached by this bill. As
some &mumble had taken place the other day upon the
terms of the motion, be pro " poral instead of the word
" charge" to insert the word liability," and to strike out
the wools " upon the public revenue," and thus to make the
imaiou perfectly accurate in terms.
limb HONTEAGLE said no case of emergency
hal been mode out at all ; and lie thought it
would he very imprudent and nebecoming in parlustuent
to paw a inimiure which did nut provide a remedy for the
sublethal evil. Bach a 'measure might be hereafter used ea
ru argument mains' the introduction of au adequate bill.
God HEDESDALE also opposed the motion, on the
ground that no case of urgency hal been established.
Earl GRAN VILLF. had never heard enything so weak
ea the statement of the noble lord (Lord Idontaugle) • fur,
iu point of fact, it merely carne to this -if you primed this
small bill, against which no objection could be urged, some