The British Press; or, Morning Literary Advertiser.
London, England, 1819-06-17 00:00:00

lie saga therefore under the necessity of proposing it now.
The prattles, the House sou. aware, was to allow the Rank
a'. of lOW on earls million of which Ike loan cunsisleol.
This was a charts which, on theists of it, alepeared so yes y
extrisagaut, that every Cummittee 011 its 'subject hail ad-
verted twit as a fit 111111iffl for rughntion. The whole see-
s ice done by the Bank fur thin 1,11111 %none), consistuol of
reedeissg from the loan conhactors Heir sdpolairol nodal-
mews, arid then'coseveeliteg them into stoat. For seek a
service, 809 f. per %bah°, was too esiormusbe a peofit, par-
ticularly when It was ednsidered 'Ant the 'Batik derived a
benefit bores the mignteetailoss of stock. ths the present
I,an, atllo6l per Minim.. Ilse Bank fee would aims/Mali no
1... a ems than 9,dool,—(ffisar, Ater .10-4 is Hews lake these,
the ing;or rather, the redaction of ouch it sum was an ob-
ject In thezountey ; In the pressure id the times, even Oar-
',nth of it ought if possible to be saived.,-(//earJ—The
'Bank Doped to be fairly compensate% fur their trouble, last
not so-meant( to mach a Best* of rensooreation se that hither-
'to gives.-*(flase.)--The present till did not put a finger
do tins elbar)te, but the House ought, and owe-tenth of the
• IMOllat gives dank' 'Ace for the trouble of the Beek on
sTelecasions of this kind. 'He should now move lie the omit,-
- • -tnimerif the words in the clause already appended to the Hill,
which admitted the present stale of amount for loan trans-
actions "f.w the piths, services, and labours of the cashiers
'of the Bank ;' thonah, in point of fret, the remainder of the
cilium reserved this profil, not for the cashiers, whore trouble
it was said or remunerate, but fur the Governer sod Coin-
party of the Rank.
rl lie entsoceutdhlt of the Exemetatte% saw no mown, to
deport from the vessel remones idiot, afforded to the Peek in
loan transactions. It hen he stated this, he begged as the
. same lime to tepees. his sincere Irope,thatllie 'wound loan
would he the last fur a numher of years which it would he
sreeessibryin contract—he haul every reason to ?wipe that
`whatever slims may lie again wanted, either by lomself or
lsis successoor, would he Alibied by other watts Ilion hotior.
As the pers. of amoaut Of reinnatratims was fixed by long
pearlier, lie did not think it expedient to depart from the
usnal townie, partienlarly as this appeared to hies to be the
shuttling op of luau transactions.
Mr. P. Moffett vs lv regretted that in Ilse present stale
• of floe country, when economy in every department Was nu
- ~nod, some steps shooed not be taken to save cloves this
• "srum. The effort would, be thought, berm/solitary fur sloe
worintry.—,' Mar.)
The question was then put on the Mission of Ilse words
- in the clause, as proposed by Mr. Gaa aa was mega-
'Hoed, and Ibe Bill read the third time, and paused.
BANK ADVANCES.
MT. Pert rose to move fur leave to bring in a Rill to re-
gulate Bank Advances, in pnrenance of nue of the reruns-
m, mid' of the Secret Committee. The object was to
• restrict the Bank from making advances to the public, top-
less solder curtain eirenmstiowes, and by consent of Pasha.
*neon. There were three triodes of p nog those Batik
advanens—one was to prohibit fibrin altogether, a coons
which he did not think it would be expedient to adopt; the
second was to sffis and limit the amorist of such adistscee;
Ibis he Wised equally objectionahle, fur the Humor would
run a risk of either fixing too small or too large a sum, as
they moat lint have at the time they arp fixed either the
nortetires or the in, the particular circismstance
under their rye, which might call for or justify the advance
becamoary fur the public service. The proposition be essesot
to made was, that the Bank *lsmail be empowered at will to
mike such advances for the pit bhp: service as the Furst Lord
' of the Treasury or the Chancellor of the Exchequer may
Veroire in writing, they giving at the same lime nutlet to
Parliament within fourteen days after its wren'', amuck
application, and receiving the *section of Parliament rut.
it. Another part of his Bill would Ile, that the Bank
should bier the same facility of buying up Exchequer bills
Mille market that individuals bail, but that they *World pee-
ling to Parliament, fourtecti dap after it met, an annual
accontit of the Exchequer bills in their possession, and the
amount of their purchases of these bills in the ntaiket, sun
the ',lan recommended in the Appendix to the Report (Attie
Batik Committee. tie concluded by moving for leave In
bring in a Bill to establish further regulations respecting
the advances of the Bauk to Government for the public
service
Mr. (1 . r. wished to know whether the arrangements
in this Bill comprised adsances made by the Bank tattoo
tecliequt r bills ?
Sir. Pest. replied in the affirmative.
Mr. At. A. Taushoo rejoined his regret that the regula-
tions proposed to the %trembled Bill hail out been made many
years ago.
r. J. P. GIANT and Mr. PEEL made a few observations
on the tunstructioss of the 8011.
' hr. MANNING hopes' lime would be elbowed, in the stages
of the Bill, to consider all diluents's.
Mr. PEEL said, nairpseatiouably he meant to give reason.
'able time for considering the ant•rits of the Bill. He lewd
Sit state, that he had previously submit%d it to the Chan-
cellor of the Exchequer, ho had given it his approbation.
Mr RICARDO said, that though be was •nsiotts a Ara
slissal•l lie pill to the 'prudent that had bees, carried ow be-
tween Goverginiesit and the Bank ; yet he thought the Raul(
might not to be shackled by any legislative armoire as its she
ompoort of its advances to tlw public ; he thought the Ralik
should be left Lti its own discretion on that point, and that the
Gove 11111 l rnt should approach it, just us an individual could
with his private discount*, and that the Bank should have the
fuser or the one case as in the solo r, of saying, ' Yes, or
N.,," to Ilse application.—(//emr).---As to the purchase of
FAcloi pier bills in the market, the Bank 1.4111111. ors doubt, he
g..wrrord toy the price of the day, and he amnia the 1.. gar.
htture emote not to iwlrrfere.Z-[Mr. Pert aai.l there was
inlentioln of so buterfering Tlse Iluti. Member then
• s.iol he hail probably mistaken the provisions of the Hill.
'flit CHANCELLOR of tlse EXCIIFQOIR said, the sipor.
riilion of die proposed -801 l would have no biked either
loom the financial measures of Goteriiment, or the circule.
tool of the Bank, which he admitted instead id 'Wing more
I ramped than it sow was, ought rather to be augmented
'the great Wailing principle of Ow proposed Bull was, that
l'Arliminesso *borsht have regularly under its rye a statement
ilicrimerrns of Government with Ow 'Bank, mod a rev.-
iar control over 1114.111. The Bill drew a lies between ad-
vances which would in point of fact increase the debt of
the public to the Beak, and theme advances on the annual
tax, r, stitch were quite of a different wither. There was urs
part sit she Bill, he repeated, which could have a tendency to
icontrul the ciiculatiug medium of the ronntry.
Mr. F. Lunt* concurred in the propriety of regulating
the edvances of the Batik to Commonest, for the purpose
of preventing a repetition of those circumstances which so
deranged the state of property Ist the coaddry. Suet was
the case iu 1797, when the Bank declared it could smut meet
111,, own comeirsesit•-, onlese the Government repent the
debt it owed t.et cui iodation. lle, therefore, hoped the
proposed measlier would precut a repelitios of events so
ealamstosas in their result fur the country.
MG. Ilusotisoo suggested the tsperliesey of postpooing
any further obaervatiosis span this Hill wield it was printed.
Leave was then gavel) to to ing in the Bill.
corro N Nt A N FAC ERS,

t 11Mtlte motion of Mr. Pat t, ettesaage war ordered to be
r. 111 to the Coeds fur a ram if their Lordollips' Report nu
the Slate of Children employed in the Colon Nlanufneturies.
BANISH NIENT FRON SCOTLA RILL

The LORD ADVOCATII mated 14be 0...t.r of the D4y
ahe Ihir.l reading of the Dsaishasert front Scotland 041,
which., after a few obseevatiosta hunt Mr. J. I'. (4taaT aad
Mr. Wires att, was read awaited time, and
RATE QF F.XCHANGE BETWEEN ENGLAND AND
IRELAND.

Sir HENRI' rmilti.t. rose to move (or the appointment
of a Committee to etisid.r of the Rate of Exchange iriween
Carat Britain and Ireland, and of the expediency of anima-
-1 slur; the Currencies of the 1110 CUIIIIIII irs. Ili+ first Cessna
Est making ibis motion war, that by law, though the gold
a•.. 1 •ilvrr coin of England were a legal tender in Ireland,
Copper coin was not. This was ono of the circumstances
winc► led to au much iiitricaty in the different drwossism•
lions of Ike value of the comity entreaty of :reload, sod
claw of the terms used in keeping terms of at count, which
instesially affected the buyer and seller of every toinamdtte.
his maim tl used, he itonight, in be ►emoved. lie
kat. 01. t saetsus optimum prevailed respecting ass cause
of il.e litictiousum iu lime rate of emaciate Leiser. Englawd
mad In laud, Le was awarn that some attributed use Iflsetes.
twis to die rtmottanecs for abstemlecy. but tint tumid multlll