The British Press; or, Morning Literary Advertiser.
London, England, 1822-03-12 00:00:00

MI

hea.:Tred fan mastei a, be (Ma. ffiarillWallffilMW 810 be big
h,
1 The Petition was mitered be be referred to a Comtuittem
Sir R. FERGUSON perimeter§ a einsidar retitle. frog ffie
• undersigned writers to hi. Majesty's Gigue(' le Esibids•velb
I Member. of the College of Jearer in sapaia,..i. The P.a.
honer, stated that that BPI infringed upon some a the
privileges which they had rujoyed sifter time mairsiouriel.
They prayed to be heard by Caramel before the Committee.
The Petitaim was ordered I. be feared SY the Commailiee
ayes the said Bal.
Lord A. HAMILTON piemited • 'Milne Petition trio
. the Cusworatim of Bakers in Ealiabergio.—.4iilerad to he
tafirmal to the Commits".
Mr. WI LMOT brought apt a mime of the abet at affirm
firms the Coloolts.
Sir G. HILL hroorbl ep a return id the nature sod ox.
Mw of the tramisetiusis in alte Vim- r ree's Ogee.
I LCH ESTER GAOL
Mr BENNET I* pica shed a Petition tram certain Dobbin
molded is the gaol of Heleotior. enmeinimilha eir the •"1"
hey of the hardships they ruder.", slum. the *Mr valishmi
Mr* tat.odiered. They prayed the whom -••-• -
the NOUN to their etseditlos.
IS.. DICKINSON said, that the Perith --
exaggereted mammies,. The plate. of tbe Colitaieliillellik
bed set bee, yet multi*/ into chi-cation.
Ordered to be panted. .: ,
Mr BENSECT resealed another Petition him ffitio
Rev. Hem, Croswell; of Somers. tibiae, ou behalf of Olga-
fortenste Charles Hill, a Crown debtor in the tome gaol.
The privoner wan 70 years bf age, and had wow brew coo.
fitted for the isopirelieled period of slater., pais! The
primmer thought he had remain to complaio of the Under.
Sheriff.
Mr. DICKINSON said, the Hos. Gentleman mast be
aware there Wei no perpetual Under.sher.ff.
Mr. BENNETT said, she G11111.11:411 performed the
duties himself oat year, sad his partner the next. He moved
that the Preitiosi do lie epos the table.
The CHANCELLOR of the RXCHEQUER said, he
had nu objection that the Petition should be spin lbw table;
hist he wished to aisle, that although the individual le ewes.
lies was nominally iis p. thou for a debt dee ha the Crews,
he eras really imprisoned for some ether debt.
air. BENNETT stated, shot all she property of the Pri-
soner was sold •111011111img to 7001. whirls paid all kis debts
except 351. Whether the per•oisa to .hum the musar was
dm received it, tar whether it got into the hands of the law-
yeas, he knew sot; hiss entails it was, that as far as ea yarded
the individual Martell, he had lost ttseentiie of heir property.
The Pet itms was ordered to lie se the table.
THE NAVY FIVE PER CENTS. BILL
The CHANCELLOR of the EXCHEQUER moved the
Order of the Day for the third readieg of the Nary Five
per Oro's. Rill.
Mr. TIERNEY said, that reprniesiaiiiins hid bees merle
to him by persons who were conatdetable _holders in the
Navy Five per Cents., which, in his opinion, deer, rid the
agratem of I. s House, and he hoped the Muse would in
dodge him • few moments whilst he mated his opinions upon
that important memoir,. Upon the Mat sight the measure
was before the Howse, the point at issue was, whether it was
is the poweeof titiverament to make the redactions they mos-
templaied until twenty five saill!ons of the debt hail been
redeemed and paid off aecoriling to the Act pursed *pm that
sehjert. He had looked into she 57th of the King, and as
far as related to the coiadact of She Commissioners it ow•
peered to him to carry no answer to the difficulty of Roe
qnrattimp. ' The point to which he principally prayed the at-
tention of the House was this:--These Gentlemen sees.
plaiaed Riot they were deprived by this Bilt of she smite
is which they were instilled. Scrawling Miff Sill et tiff;
the Parriegeser bed funded hills is sheer, flour, sad Cm pas
cent. elect. The tire per cent. Mock was sot ralecomble
maid twenty-Aare millions were ?yd.-vowed. After this all the
three per touts. were consolidated ieto our joint stock, re.
devisable only upon twelve months' notice, to be posted •p
oil the Royal Eechattge, and then to be paid off in sem not
lees than five hundred itiouirand pounds each mime's.
Now wish these reprise condition., coupled with the words
of the Act (fur they were very remarkable), s' When these
condition. are complied with, then and then only," it did
appear t.. him that they bad as clear and distinct a Jell• 111011
of the Act as they could well hope for. Under these eirciim-
staorm, he really did nut see how the Hoes* could get over
the difficulty He did nut state thin for the purpose of crest-
ing any additional ellibilfirlSlMCDS. The communication had
been made to him by persons in
coesideiation of the Hons.. If he lent his mosey ko lie
Government emitr the express conditions that the debt we,
sot redeemable until twenty Ave millions of the debt wive
paid off, and "that then, and sot till Men," could he be
paid ear according to the Act, it must, in his opinion, be weU
worth the atteatom of the House to cuavider seriously be.
foie they passed that Rill.
The SOLICITOR-GF:NERAL could not seethe difficulty
which Will felt ley the Weal Hoe. Gentleman (Mr. Tierney).
If au offer had been made to the holders of three per mots.
to pay elf the amount of thus or reduce she interest, then
iuderd they might complain that the terms had not been
complied with; on the other hind, it would be perfectly Com-
petent for them le accept the terms proposed by Goveremet
if they thought proper. But be could nut see bow that
affected the holders of live per cries, nor did he Malik it
competent for them to riject .the offer of Government be-
cause dos coutrael catered• into with oilier parties, namely,
the bidders of three per cents. had nut been complied with.
Mr. TIERNEY did not consider the answer of the
Learned Solicitor-General quite satisfactory. The objet.
lion which he (Mr. T.) bad made via. this, that there parties,
Namely, the holders of Ave per emits. wire sufferers by the
violation of • contract miter. d moo with third persons. It may
nut sofficieut to say, that you (the Government) and they
(the holders of three per mats.) had entered foto a private.
atr.emyot whirls did nut relate to aay others. The holde4
of live per rents. had lent their money upon a stipulated
bona fide agreement hetweeu the Government and the
holders of three pee meta. 'limn ly, that it was necessary to
give them twelve noontime natter berme the mammy so lent
could be paid off; mid the complaint of the bolder. of five
per cents, was founded opus, this that WI IS was ordered by
special Art of Pat li Imre' that twelve months notice should
be given before the four per remit.. could be paid ill, sad et
the five per crisis. were out redeemable until 15 millions of
the sleht had been redeemed. they contended ho y bad Nee
taken by surprise, and that the Legislature should give them
red. en.
Mr. iIUSKISSON said that being aware of the difficul.
ties now +toted, be had turned lit, attention to the ',Mimi,
and it appeared to Aim that the whale confusion 'toot from
the dill rent acceptatious of the terms ° paid uff." The
meanest of the stvtaite w•• this, that the stock could sot lam
pa • or nosh a tender had beee mode to the parties of
1001. sterling fur every 1001. stock. It became necessary ty
the. 3711, of the King to state that th- 3 per reset. stork no
Veiled Weil entitled to she same pri•ilers as till other stock.
'the 16th clause in the Z. 716 of the Emir; bad only reticence
to the 3 per cent. stork, and he was ready so admit that
they never canlil pay of the 3 per erode. without previously
giving twelve months indite. The argument of the Right
lion. Grin. (Mr Ti. miry) would go to thii, that Mr. Pet eons
te:nplated Mai Igo alteration WA% to take place to thesestocke,
and that his hands were to be tied up until twenty fire tail.
lions of the actual debt had b. is. reduced. Why the absur-
dity of the proposition carried with it its own re futation, for
the ratmorilioary situation in which it would place the
e,,,,,,r,y rendered it quite renpoloble that the (timer of the
plan eeuld aver hove had sneh as idea is C01014'1744 stieu. UM
the Whble, it appeared to him thus the OW we** clear one,
and that the diffictilties complained of welt only imaginary.
Mr. ELLICE perfectly cuocurrril with the Right Hon.
Gentleman (Mr. Heakisson) that it the cromlechs's of has
Right Hum Friend (Mr. 'fantasy) onus currtet, that the

The Marquis of LONDONDERRY s►id, that there eel
eo claim set op for the Bank except that which the existing
law awarded them. The question was not as to their rigLt
to riernand ItlilliMaslloll au any additional capital; that
question was already settled by their contract with the Coos
'remittent, by which they wile to receive .001. a millioa for
the tulnaceineat of list public debt. The whole s•m to he
charged ner only 2,0001. or sn, which te►ily could be eso
question ou which the House would weldor* to break is ea
as existing istrisoiresni St.
Lord J. RUSSELL conteeded that the House had a right
to deliberate on the application of the smallest sem of pub.
lic nsuoey. The question was, whether the Rank would be
entitled to an iecressed charge ea 'remit of that which. taall
intended to effect as absolute reduction of the debt?
The Martinis of LONDONDERRY explaioed.
Mr. CKI PPS supported the right of the Brink to the allow.
ante en the uew capital as en the old.
Mr. RICARDO thought that there would, altogether, ►e
no more transfrra made is tonstquence, but rather fewer,
and as the dividends would upon the whole be setsllrr, that
the Sauk could not dation any alluwaaca on the invested
csp.tal.
The Marquis of LONDONDERRY again reminded the
House that the question before thun was not that of a grout
to be made by the Government to the Batik, but of the ne-
cessity of fulfilling an existing metric,.
Mr. T. WILSON bad hoped that the Bank would have seat
a 'notice to Parhanient of their willingerss to forego the ad-
ditional charge. But as that bad sat been done, Parliameot
had nothieg lode in breaking through the existing cuoiraci.
He did not conceive tbat they were competent to stand in the
way silts execution.
The clause was then negatived without a division.
Mr. WILLIAMS, before the Bill passed, amber! to Mite
that his opium', on the measure • -oe out stomata, ; for
Mr. Plit bad truce protested to that House against any inter-
ference with the management of the national debt, except
fur the porpore of ;unitise reduction.
The Bill then passed.

HENRY HUNT.
Sir F. BURDETT gave mos ice of a motion for Wednesday
ss'ansalst (the first meta day) fur ass Address to she Cs own t.
ream the tessausder of the seatessee of Mr. Haul.
SUPERANNUATION BILL.
The Marquis of LONDONDERRY moved! the Order of
the Day fur she House resulriug welt 'sae a Cua►usettua
this Bill.

The CHANCELLOR of the EXCHEQUER 61441, thsl
in rising to propose .011le of the provistuus of the Bill to
the curisideration of the Committee, be would Italie the
upportuutty of explaining in brief to the HIM.* ILI
measures shith had been adopted by Ministers for VW •
rYiNg into I &co that resolution to *bids Parliament
before the arse of liva Seriatim Mad curse, slid which loot
since beers recommended trim the Throw tux the ea•ishio
and reduction of the cams i• every dematnoitt of the
State. He thought be should b able to do lb.. is Ike
Cleareat mornner, by alienist( what bad bees Hie practice i.l
regard to sort tid allowances flan civil Where its
foisn.v tinier, what it war at pr.situt vied whet it war wito-
posni to make it is future, and observe by toniparisou rf .
the effects of earb, what was likely to be the grunts/
Sault. His brat remark would regard the gieat differ-
sore in tier treatment of rigid and teem ofticeie now sad
f riaerly. Nu legal o or clans to enrrantroation ibvir
existed until the 301 . 11l paned; the %weal cowrie wee
ad,„„cr aged W era In other Migrations of leas activity,
or to sinecure A e tube them to retire no anid.torra Wf
combining Are a pastiest of the salary five ths sew
holder, or wee yaw means, which was furred to
equal! 11..4 übjettionable. lu pursuable of
retonimeaaatious o< alosimiontrue of laquiry, must of the
Committee of that A WWI it 17117. the House resolved that
some =mum of dtwerei opplitatica with regard W awlartai,