The Express.
London, England, 1861-05-10 00:00:00

THE GALWAY CONTRACT.

The CHANCELLOR at the EXCHEQUER said be
viand taistate that wince be had replied to W vertex' of
the hew. .enter (Mr. Raster) with regard to the Galway
esetanct he had received a statement of meow lent► from
the eiannouy which it was not then in his power to road ;
bet be hoped boo. gentlemen wool.' (maestri their indig-
oes/its mail they knew what that atateraent contained. In
the Insantwae be bad no objeotrun to lay it on the tab/le at
the been. _ _

THI LAW OF LICENSING.

2:IWDBOATE pews ted;;—petitiors from t.
Jammed Meleager, ad Birmingham simast the proposed
else noon. is the present mete of the kw of licensing.

PRINCESS ALICE'S ANNUITY SILL

Thh Mil armed through comatittas without any air.
emeios.

WAYS AND AEANS.—ADJOURNED DEBAT&
Oa the onler for res tyg t►im debate,
THE COTTOY CROP IN SOUTH AMERICA.

Yr. RENTINCK said his object ia rifiirm was not
to interfere at soy length with the progress of
the deliste which might arias on this question.
He rose far the purpose of repeating se at-
tempt which be hail made en two former occasions,
Dot in which he had been uesiscoreeful His object was to
endeavour to do that which he thought the house would
agree with him it was moot difficult to sieloeve- -to obtain •
direct answer from the Treasury berth. (A laugh.) It
woad be is the reeollect ion of boo. gentleman, that on • very
Peewit oreasie, during the progrem of these debates, he
esker* the noble lond at the head of the government
whether, in the °plump of her Ilasety'• gores nment, the
preset stet., of areas • in the 'laded State. was not much
es to Mims the government to consider whether is-
aremed inulatuenta might not be required on the
pert of this countrs, and if dilates% was likely
to be occasioned io this country by • short supply of
cotton ; elm if it slight not have • ionst serious effect upon
both the customs and esenie duties of the coustry. (Hsu.,
bear.) The hold* lon' gave sia answer which be did not
annelder at all satisfactory. The sable lard said be tripod
the customs duties would not materially suffer iiy what was
now tang on in America; but with regard to the excise
duties a.,. won 'l not my the amble lord evaded that pert of
the question, but he entirely hot sight of it. The whole
subject ens now, however, entirely changed. The sews
wuich had arrived to-day put the question in a still more
romarkahle position, and he begged to ask if that intelli-
gence nozht not altar the security of the financial arrsoge-
meets. Wheu ha lest asked the yeestionui the nohle lord his
ermine e• to the probahility of • failure of the cuttio
rose, he ',seined to attach no importance to it ; but the in-
telligence received from America this day was of so
alarming a Datum that a tramline which he had put only
three &as ego amanie.l n dom.:ter of tenfold importance.
(Hear.) Ile found it stated in the neenod e,lition of the
Tams"( this des that "The Outing of .M. 1% as neglected
is the ft,eth. end the growing crops are in danger from the
'mat et taltivetiee."

flitrilliiitiCEl.LOß of the EXCHEQUER—In what
lVea! •
BENTINOR—h America. (A laugh, and crier of
" bled. read.') He wee reading when he was interrupted
by the right begrunbie gentleman. (Hear.) It um
quite clear that the time had now tome when they mad
look rto what effects might be entailed upon this country
by a sheet supply of cotton, awl it wu the duly of the go.
agreement bet to slur over this question. (Hear, hoar.)
hr. CRAW FORD said the news jut conveyed to the
bore W 11.4 only there days latcr than any previous)) sec
veived, Ind be edged the hour whether in the course of
three days the ealtirtioa of cores could have nee47
cruel in Amenca! Wrist " Hear, hear.") He would
put it to t►e hors whether it IM. not weary to receive
with met cantor any account+ conning to this country on
the subject, when the Cotton turket wag in rah a state of
groat 'ultimo:it. (Hear, law.) He believed this weiv