The British Press; or, Morning Literary Advertiser.
London, England, 1805-04-27 00:00:00

IRISH 1.0C4.

The House resolved itself into a Committee of
the whole House, to consider further of Ways and
Nlcans towards raising the supply granted to His
Majesty ; Mr. Ai, BX A NDEIt in the Chair.
Mr. FOSTER rose, and said, that he would tres-
pass as little on the time of the Committee as pos-
sible, and proceed immediately to state to them the
terms of the Loan which he had lately negotiated
in England for the service of Ireland. The House
would be pleased to recoiled, that very early in the
Session he had informed them, when in a Commit-
tee of Ways and Means for raising the supply for
that part of the United Kingdom, that a Loan was
arranged in Ireland to the amount of 1,800,0001.
,Irish currency, if it was raised in Ireland ; and ti.at
it would be 1,500,0001. sterling, if raised in Eng-
land. He would now state to the Committee the
nature of the Loan :
For every 1011. advanced, the Subscribers were
to take I. of Long Annuity, which, at Hit
veers, is . L.Bl 5
241 of 5 per Cents. at 881 is . . . 21
" interest of Money at 4 per Cent. if paid accord-
. ti.g to innalments .
Further amount of Discount, if paid in full .

1 6
1 6

L. Ikls
which would. altogether, form an amount of charge
on grants of 61. 17s. 2d. per cent. He stated, that
it was originally intended to have raised this loan
in Ireland, but the gentlemen who were the bid-
ders there had not agreed with the Treasury, and
they had therefore sent to him to get it transalled
in this country. As there had been some ru-
moors gone abroad respelling this transaetion, he
thought it necessary to call the attention of the
Committee to it by a brief statement of falls;
especially as these gentlemen say they have a
right to the loan, and have rafijaid a. accept back
again the deposit. When they were first applied to,
they made an offer at 574, they were told that
that would not do. They then made two more,
which aot being satisfanory, they prevailed on the
Treasury in Ireland to transmit their offers to him,
and they undertook to abide by their offer, as last
made, till an answer could be returned. An ex.
press was accordingly sent off to him on the
Sunday, and he returned the answer by the Mon-
day se'nnight, which was as quick as an answer
could possibly go. He, however, rejened the
offer, as the Irish Treasury had done, and
instantly negotiated the loan with Messrs. GA&
smid, Rolisarts, sec. by which he had made much
more advantageous terms for Ireland, as the first
loan would have amounted to 61. 17s. 7d. whereas
the latter was •nly 61. 17s. 2d. and he had given it
the preference accordingly. Besides these. the loan,
as offered in Ireland, created a capital of about
1,000,0u0L the other created a capital of nearly two
millions. The Irish Gentlemen, who were bidders,
proposed also to derive to themselves a knits of no
less than 13 per cent. Under all these circumstances,
he had therefore given the preference to the English
bidders,and he thought every Irish member would
see at one.. how vet y advantageous it was, when
compared with the other. The Right Hon. Gentle-
man then moved

That 1,500,0001. be granted, &c. on an annuity of 51.
per
The question being read from the Chair;
Sir J NEWPORT expressed himself extremely
happy to hear the Honourable Gentleman give so
truly satisfaftory an account of this transattion. He
Had heard of the rumours that had been alluded to,
but could not believe them, and it gave him the
greatest pleasure to hear them so completely done
a say. He highly approved the loan having been
made in England in preference to Ireland, because
it could not fail to be eventually truly advantageous
us that part of the empire. In a poor country, like
Inland, the great objea should always be to bring
capital into it. Here would, therefore, be nearly
2,000,0J01. of capital sent thither, and that Irish
capital, which, if taken as a loan, would be locked
up for that purpose, might now be much more be-
neficially empliyed by being vested in trade, in
the promoting and encouraging manuladures, in
the improvement of agriculture, and in many
other modes which that part of the kingdom is
deficient in at present, and to render which most
nourishing and prosperous, capital is only wanted.
He allowed, there were some things attending this
mode of raising money by loans which he did not
altogether approve, such as being connected with a
sinking fund, and other inconveniences ; but it was
but fair and right to consider every =two( this
kind in all its bearings, and to pin up with the bit-
ters, for the sake of enjoying the sweets. Upon
the whole, he thought the Right Hon. Gentleman
had condv9ed the business in a manner highly cre-
ditable to himself, and very advantageously to the
country, and it was with infinite satisfaaion he gave
Lis apnrolsation to it. The resolutions were then
read and agreed to ; the House resumed, and the
report ordered to be received oil Monday.

Mr. VANSITTA RT gave notice, that he would,
on Monday, move for copies of the correspondecce
between the Lord Lieutenant and the Judges of Ire-
land, respelling the case of Judge Johnson.
The mail coach road bill wera through a Com-
mittee, the report to be received on Monday.
The other orders of the day were then read aad
postponed. —.^Lujourned to Monday.

THE BRITiSII PKESft.

LON DO N,
SATURDAY. Arai'. 27.

To a question last night in the House of Com-
mons from Mr. Snaatems, Mr. PITT answered,
that no official account had been received of the
sailing of the Toulon fleet. The report, therefore,
of its having made its escape, rests upon the au-
thority of the Foreign Papers.

Rear Admiral Rusts Ls. sailed on Thursday from
Yarmouth with the force under his command, to
resume his station off the Tezel, in consequence of
intelligence which had reached him that an unusual
degree of aCtivity had been observed among the
enemy's shipping.

A letter from Deal, dated the 25th, contains the
following account of the late engagement with the
enemy's flotilla, off Cape Grisnez :

" Eight large scbuyts, each having on board from IS to I.
soldiers, beside: seamen, and carrying two 111-pounders, were
last night and this morning towed into the Downs by His Ma-
jesty's ship Railieu!, Capt. Collard. The Locust and Starling
gun brigs appear to have sustainer, the brunt of the pelican, being
within pistol-shot of a range of French batteries. The Starling
arrived yesterday much damaged ; and last night at eleven
o'clock the Locust, commanded by that meritorious officer,
Lieutenant John Lake, also arrived in the Downs, in order t 0 '
repair the &linage sustained in this gallant &Rion.
" A considerable number of the enemy, flotilla were ma.
nceuvring close in under the rocks of Cape Grimes. The
Le( Mt, in company with the s imadron under Capt. Honey-
man, was ordered to tire attack, and immailistely ran one of
the flotilla alongside, and, notwithstanding a most tremen-
dous Ere was opened hers the batteries, sad a spirited de-
fence made by the Commander of the French vessel, the
L .cost succeeded in cutting of her opponent, and bringing
h. r out • the prize was than ordered by the Admiral to re-
ceive the prisoners from the other captured smut., which
are arrived safely in the Downs. The Lomat, in running so
close in shore, received three shot from the batteries In her
bull : one at the water line, going through the starboard side,
rut the cables between the decks, and forcing her planks
quite open in the bends on the opposite side, occasioned her
making is much water, that she was obliged to bear away
for the Downs. Notwithstanding the severity of this engage-

meta, within pistol shin, Lieutenant Lake had net a man
killed or wounded. It was mentioned yesterday that the
Starling had three men killed but ftuon all iLa Ssieensesson
I can get 1. day, am in hopes it is not the fact ; and there is
reason to think she has been equally fortunate in this respect
with the Locust."

We have received Paris Papers to the 21st, and
Dutch to the 24th, but they contain no news of any
importance. According to some accounts, Lord
isisisos's fleet had put into Malta in the beginning
of this month ; others state, that he was off ear.
celona. A camp of 20,000 Batavian troops is to
be formed in the neighbourhood of Munich early
in the ensuing summer.

A Gottenburgh Mail arrived yesterday. It has
brought a letter from Stockholm, of April 14,
which says—" A camp. to consist of 8,000 men, is
ordered to be formed in Schauer% the ensuing sum-
mer ; preparations are already making for it."

Yesterday, at half-past ens o'clock, a Cabinet
Council was held at Lord Mucus ttt 's Office. he
Earl of CHATHAM, LOrdHAWILLSOUILY, the Russ) AN
SASSA DOR, and Mr. Piss., attended; the Coun-
cil sat till four. _ _

Early yesterday morning Mr. BAcsrT, the Kirio's
Messenger. Arrived M town, with dispatches from
the Court of Russia. _ _

A letter from an Officer in the squadron off Os-
tend states, that all the enemy's armed vessels have
left that port and gone to the westward.
"[he dm, a Spanish ship from Lima, with a va-
luable cargo, and 280,000 dollars on board, has been
captured by the Mersey privateer of Liverpool, and
sent into Falmouth.

A letter from Goree. dated the £Bth of February,
states, that the island is in a very healthy state.
Major LLOYD, and the Royal African Corps, are
very healthy ; the only officer whom they lost was
the Assistant Surgeon. The Lark sloop of war has
been very unhealthy on that station ; last season she
lost five officers, and a number of men. They heard
of the war in January, but not officially—they seized
a rich Spanish vessel in the river Gambia, on the
faith of the report of war.
The Rebecca, Amu, from Jamaica, for Halifat,
put into the Havaaaah is distress, and is detained
there.
The Crater, Bazar, from Cadiz. for Charleston,
was deserted at sea on the 10th of February.
In all pursuits of an interesting nature, it is a sa-
lutary plat), in order to induce candidates to enter
early into the race, to make the first objea of real
consequence. Upon this principle, die construdors
of the present grand Lottery seem to have aged.
They have. accordingly, made the first drawn num-
ber a Prize of (0.0001. When it is considered that
the powers of the mazy wheel can add 50,0001.
more to this first objed, it inculcates a most striking
lesson to all such adventurers as have been in the
habit of delaying to purchase their Tickets and
Shares till after the Drawing has commenced. Such
procrastination, in the present instance, will evi-
dently cut them off from the chance of possessing.
at the very offset, a princely Fortune.

PICTURE GALLERY.

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