The British Press; or, Morning Literary Advertiser.
London, England, 1819-05-07 00:00:00

MOUSE Or COMMONS, THURSDAY, MAIV

The Members to *erre on the Committees for tryinf Ilse
rorrits of the Taunton and Coney Election Petitions, were
tiles day batlotrt d for—the Gallery wail not opened, in cons
s. (ponce, until a quarter before six o'clock.
TAUNTON COM miTTEE.
Mr try swarm' at the Hat with the reduced list of
I.lnliers to seise 00 this Committee, vii
Hon. A. Ellis, WS. I.rowntire, Esq.
\V. Miles, Esq. FA* Wrhh, Esq.
Sir G Cockburn. II Hamilton, Esq.
Faixtioth, Esq. J. Alcminder, Esq.
It,ght HMI %V. Bagwell, Him. W. Cosi.
I: Proilleroo, Esq. W. Holmes, EA.
S San Ut, Esq lion. IL G. Benutit.
Edmund In, too, F.sq.
}'Ott EY COMMITTEE.
Mr. UT WIN after oldwerril ut the rrslurril lid of Mem-
bers to serve on the above Committee, sir
Earl of Berlive, B. Gaskill, Esq.
Right Hon. C. Grant, I.nraas Concaonon, Esq.
t. Smith, P.aq. E S Cossprr, L-q.
I'. W. Grant, Esq. J lonia, Esq.
lion K. Cursan, lion. N. Frllowrs,
T. W. Drake, Esq. W C
Ilsornby. Esq. J. S. Copley, Esq.
U. W. Talbot. Esq.
LONDON CLERGY HILL
A Pi t ition was premiled limo the rrich of St I.awretwr.
Vomitory, agaiust the London Cliagy lbs
t dole.

PARISH fI.ERICS' RILL.
Mr. T. Weesos presented • Petition from the parish of
Hackney, against the Parish clerks' Bill —Referred to Ibe
Vo•nmittec on the said Bill
GLASGOW WATER WORKS.
Mr. FI%I.AN presented a Priiti.di from certain Inhabitants
r.f G'ssgow. in favour of the Glasgow Water.Works.—Re..
acd to a Committee.
DEE A U ITER.
Mr. 1.031 E WELLZKIM was ordered to be discharged
out of the custody of the SeljeJett al Arius, on palmed of
his fees.

POOR'S SETTLCII ENT 811.1..
Mr. CUTTS presented a reit' from the fultabitaitts
of
literslry, in the calmly of Gloucester, against the YAWS
Sottleistent Bill.
Mr. Rtutior.o presented • Petition of the like nature
from Yarmouth.
Mr. II Suivirß presented* similar Petition from the In-
lialn•mts of Christ Chinch, SUM,'
Mr. It. B COOrnt presented a Petition to the 1131111 t I et,
from the GilArlli•Wl of the Poor of the City of Gloucester.
Lord G. SOMFActT pocseated a Million of the like de.
implants front It lainn.gaitAire.
Severalt) Ind on the WA,

Sir F Ruanstr guire make that hr Koul t, lo morrow,
pormot a i',ll.tioe from or indiviJud, conort, g, al; re
of improiwr liestmcot from the Lath at the
2t.huiralt!

SCOTCIi
Colonel STEWART presented a Petition Sons the Burgh
el New Galloway, pt a) mg that the House would cant adopt
Cue vogertions of tissue prisons who called for an alter-
Mu iu tlw constitution of thi Scottish Burghs, or who de-
manded a Reform in Parliament. It appeared to him, that
the individuals also called for the burgh Worm had some
s•tlses object is view, or this a mild have paid more attention
In the Bill introduesd by time Lois) Advocate of Scutlawd.
Mr. J. P. GRAVE denied that the prrsous also petitioned
for a reform in the municipal regulations of the Scotch
rarglis had any other object in contemplatiosi—and, lie be-
lt. veil, is general, they had must seditiously atteuiled to the
iotroduced by the Lord Advocate. Ile would shortly
present a Petition from l'aliolturgli, a hid. stewed that great
sittention had hero paid to the Bill in that city—and the
Petitioners, having considered it, declared that so far from
ameliorating their situation, it made bad worse—and de-
prived them tern of the hope of redress.
After a few woad., from Colonel STEWART, the Petition
was reed end ordered to be minted.
General FERGUSON pre tented a Petition from list Inha-
bitants of the Burgh of Danfermlioe, praying fur a reform
in the burgh system of Scotland. It had been left for sigua-
tints but a frig hours, and was signed, is that time, by
1.54 persons. Three was part, however, of the Petition,
wit cis he feared the House would not receive. It was an
on a statement said to have been made by a
Itemised Sleisiber (the Lord Advocate of Scotland), in
the course of a former debate on this subject. The Peti.
tunnels complained that the Learned Member haul spoken
of those who wished fur burgh 1441111 in SCUilaild, as be-
log by no means a respectable class of the community.
'lbis assertion they totally denied—and expressed their sur-
mise that the Li artie.l Member could have made it. The
House would decide whether this circumstance did or slid
Lot render the Petition ineligible to be presented.
The SPEAKER said, the Petitioners could have no regular
Isnowledge of any oilseeds made in that House; and their
alluding to, and commenting on, an expressiou said to have
been used these, vitiated the Petition.
laud CASTLVREAGII conceived that the mention of any
speech made in that House, in a Petition, was irregular.
He, at Ilse same time, defended the Lord Advocate of Scot-
laud Cum the imputation of having spoken disrespectfully of
Roy class of people in Scotland. Nu suds circumstance
was in his recollection.
Sir J. MACKINTOSH wished to stale, before this Petition
was disposed of, that he was called DU to present a very im-
post:sot Petition—a Petition of the same natsire—signed by
100 or SOO inhabitants of Edinburgh. The Petitioners had
also alluded to reliant latiguage said to Isaac been made
use of in that House, *loch they conceived to be deroga.
tory to their character. A knowledge of the proceeding., of
the House went abroad throughout list country—and, hs
st was important that the sidsjoet should have the free-right
sf petitioning, he holed the paragraph to ahsrh he refined
would nut operate agsiu•l the Petition being received. The
rror was, at t, lit an error of judgment. Of course,
if the Speaker thought vtlieratse, he would cheerfully bow
to his ai ectswit.
The SPEAKER held that the Petition, ander the eircum-
Maori's stated, would he inadmissible.
Sir G. WARREN I: ER said, hr had listened very attentively
to allot hid fellers (sons the Learned Lord, who had been
salmis(' 10, and he did out recollect that any upward** had
fallen fauns him that sarranteil the ibis miaow made by
she Petitions-1-A.
The Petition was then withdrawn.
Mr. J. P GRANT said, be one to present a Petition from

the Cropr.iration of Tailors of 41i, which I.e
wonld he time fortunate than that hint bad just beret dis-
posed of. Its prayer was, fur a reform in the guwesisinetit of
the Scottish Ile worth, nut have presented it, in
the absence of the Learned Lord, if he had not previoualy
apprised him of his 1111C111.011 10 110 so.. .110. Pet..lOl.llTS.
iR
the outset, denied that, in petitioning the LegisWirer, Ilwy
scree called on In make all 11V10.111 of the extent of
their property, their peridirr rank iii society, or the
precise oat iire of their politil,ll 01.011.0110—antlihry likewise
I.ll.lllelllomilt was 141)011f11 to have been said by a Member
of that House; lint they did not state where—toil this, he
thought, distinguished their Petition from that which hail
recently been before them. They complained that a Learned
Member of tint Ilmise—and, in another place, a Scotch
Member of dist House, had wish a view to their pejo-
dice, denominated those who called fora reform of the
Scottish Burghs, " a body of radical reformers." He
hoped their Petition would lie received—but, if it were
deemed iirfurmal, nn recount of the allusion he hail men.
tinted, it would be well for Gentlemen, when they were
speaking warmly on any subject, to recollect that the pro-
ceedinga of the House, in some way or other, got abroad,
and to reflect a little on the effect their sentiment• were
likely to produce on the minds of those individuals wh•
were Ike subject of observation. The Learned Gentleman
the.. moved "'That the Petition be brought up."
The STEAK'S" said, if his impression of that part of the
Petition to which the Learned Gentleman had called their
attention, were correct, it curd.' roil be rec. iced. Counting
the two points together, in which a Learned Member and a
Scotch Member were spokes. of, it was clear that the Peti-
tioners referred to a proceeding in that House.
lord CASTLEREAGH concurred in Ibis opinion. He con-
ceived the Learned Member himself could scarcely enter-
tain a doubt on the subject
The LORD ADVOCATE of SCO7I.AND, who bad just co.
tiered the House, denied that he hail used the expressions,
that had been ireptiterl to him. He had stated, that the
Poiti 111 l era for a reform in the Scotch Burghs were not el-
titled, on account of their rank, character, or politely,
to a greater degree of respect than those persons who
w lin were anxious to prewar the existing system. Ile,
at the time alluded to, said, and he repeated it 110 W,
that the r ffeel of granting the request 'nark by those P. ti-
'inners would be, to evertor,. the constitestion of the Scott Is
florghs—ln alter it fortilarnesitally—to change altogether
the system which •311 recognised •t ilw period of the Union
with Semiarid
Sir J NIACKINTOEfI briefly staled his riPnion, that the
request of the Petitioners was a fair and hop at one. No
unprejildiced man could deny that the system acted upon
in riw Scotch Burghs called loudly for reform.
Sir le Visits dissented entirely from an observation
which hail been made by the Learned Gentleman who intro-
duced this Petition. He stated, that it behoved Members
of Parliament, when delivering their opinions, to be cau-
tious of 11w effect which their remarks might have on the
minds of individuals out of 'lowa. If every Member were
to be controlled, in using what he deemed a fair expression,
on account of the way in which it might be received abroad,
there was nt mice an roil to all freedom of debate.
Mr. J P.GRANT said a few words in reply, and then with-
drew the Petition.

REPORT .1
Of the SECRET COMMITTEE on the
AFFAIRS OF THE BANK.
Mr. PEEL appeared at the bar with the Report
of the Secret Committee appointed to inquire
into the Affairs of the Bank of England.
The Report having been brought up—on the
question that it be now read—
Mr. ELLIcE said, it would save the time of the
House, us the Report was very volumt•rous, if the
Right Hon. Gentleman would point out the ma-
terial patiwtges only, which might he read for the
information of the House, and would answer every
purpose. As the Report appeared to be extremely
long, it would not, he conceived, be r•ouveuieut
to go through it ult.—(llear, hear, niised wit/►
cries of " Read !")
Mr. PEEL said, that there were certainly some
parts of the Report which were not necessary to be
tend. It begins with a notice of the several laws
priced since 1797, when the restriction was first
impri.elf, on the subject of the affairs it the Bank
of England. It was fur the /louse to consider,
whether or not the whole of the Report should be
read. If they pleased, the part lie bad just ad-
serted to might be omitted.—((Ties of• ' Read!
read !")—lt might he desirable to state, that the
first part cattle Report gave a general detail of the
transaction* between the Government and the
Batik, and of the nature of the transacti be-
tween those two bodies. Tots was extremely im-
i.ortunt— because the latter part of the Report re-
'emit to the debt due to the. Bank, and stated an
opinion that steps should be taken for its repay.
nient as soon as possible. There were two other
important points comprised in the Report : first,
the opinion of the Committee as to the expediency '
of resuming cash payments uu the sth uf• July
next—and secondly, their opinion with respect to
the time when that description of payment might
be resumed with safety. If it were the wish of the
House that a part only should be read, the latter
portion of the. Report was certainly the most intr.
resting.
Mr. J. P. GRANT said, it appeared to him that
the history of the connexion between the Govern-
ment and the Bank was very material to a just un-
derstandiog of the subject, and he therefore hoped
that part of the Report would not be omitted.—
(" Read ! read I")
Mr. MACERLY and Mr. IlusxissoN said each a
few words—but the impatience of the House to hear
the Report read was so strongly manifested, as to
render them inaudible in the gallery.
The Clerk then proceeded to read the material
part of the Report (the prefatory matter being
omitted), which was in substriiee as follows:
s. Your Committee called for an account of the
total outstanding demands on the Bank of Eng-
land, and of the funds iii the possession of the Bank
to satisfy those demands—and they found, on in-
specting the documents, that the sum which the
Batik was liable to lie called on to pay, was—
(hi the 51b of January last
To inert this the Bank• hail, in CNA,
went securities, &e.

Leaving a surplus of

Etc!osier of a Treasury debt of 14,000,000/. pay.
able oil the expiration of the Charter. This deco.
meat affords clear and conclo.ive proof of the
flourishing state of the affairs of the flank, and
fully justifies the confidence which has beets re•
posed in them by the public. The next point
which your Committee itivestiotsd, respects Ilse
amount of cash and bullion in she possession of the
flank, at the present, and various other periods,
suer 1797. Gre:..t tluctuattoi,s, on this point,
were °turnable during the war—but, towaido the
close of it, there was a considesahle increase in the
amount of cash and bullion in the possession is
she Bank. particularly from July, 1815, to Oc-
tober, 1117. Daring the interval between July,
1816, and January, 1817. the market 'nice of gold
was 16s. bd. per oz.—and the furt.ign exchauges

at Got period WEILIr.a..f C1.,11:,1fy. The
Bank, taking advatitoge of these circumstances, pro-
cured a great quantity of the precious metals, The
Bank then nosed the price of gold to :;1. 184. 61.
per 111/11ee. Mr. GOl6llllll, in his evid• ore, stilted,
that at the time there was no other purchaser but
the Bank in the market—had there been others,
they would have been supplied on the same term,.
Beilig asked if he thought that the Bonk, by pro-
per management, might have continued to puichase
at 3/. 160. 611., lie answered tied lie tlionelit they
might, but it Was matter of opinion. In 1817. the
Batik possessed a much larger amount of bullion
and cash Olen was ever known since its esteblish-
meta. From concurring circumstances, the stock
had been progressively ditnioiatiing since 18111.
The diminution chiefly took piece m consequence
of the engagement entered into by the Batik,
to November, 1816, to pay cash for limes of a
certain description issued between the Ist of 10.
1111;1fV, iBl2, and the Ist of Jatitiary, I 816
and a later engagement to pay cash for their itotee
of every dertoiticietion issued before the ist of
January, 1817. The total quantity of gold coils
paid by the Batik, in coneripience -of these en-
gagements, for nines under 5/. appears, from ac-
comae before the House, to have been—
From the Ist of Jemmy, 1817, to the 1-t of €
Jsiiiiary, 1819, in guineas and half-guineas 1,596,526
And in sovereigns
" Your Committee have ascertained, that sub-
sequent to the Ist of January last, there was a fur-
ther demand for gold, to the amount of 70,1)00/.
so that the total sum issued since January, 1817,
Las been 6,126.247/. Your Committee keg to
state, that no doubt can be entertained that the
coin was demanded, not for internal circulation,
hut either ta derive a profit from the sale of but-
him in this f!,111111fy, or from expoltation. Your
Committee are borne out in thi- statement, by a
reference to the documents before the Muse. It
atiprered, that, from the month of .suit, I. to
the month of Jul 3, 1817, specie only to the
amount of 38.020/. 101. was drawn from the Bank,
although the Bank was at that time liable to ray
in gold all the one and two-pouorl notes issued
prior to Jittuary, 1816. In July, 1817, the foreign
exchauges became unfavourable. They continued
so eitice that period—and, as a profit was to
be derived by the sale of the gold coin, the
B ink was called on to pay cash for their notes.
Mr. Alexander Bat mg thews to what purpose
the g slit thus procured was applied. In France,
it appears, there were carried In the mint, in
sixteen months, after Jule,. 1817, 125,000,000
of francs in gold, or '25,000,000/. sterling—and in
silver only 3,000,000 of francs. or this gold three-
fourths were supplied from this country, during the
preterit year. Your Committee are satisfied that
the Bank, in undertaking to pay their notes in
cash. under such unfavourable circumstances, act-
ed from the best motives, thinking that it would
enable them to complete their arrangements for a
complete resumption of cash payments. It had,un-
fortunately, a contrary effect. When the last of the
three notices given by the Bunk, fur the payment of
certain notes, induced tiumeious applications fur
cash, gold rose in price from 3/. 185. 61 per ounce,
to 4/. Is.—and they hod not that control over their
issues which would have enabled them to reduce
the paper currency. In the half-year between July
18IG and January 1817, • considerable increase
took place in the issue of Bank of England notes.
The overage amount, for the hall-year, during the
war, was 26,761,9141.—in the half year between
July 1816 and January 1817, the amount was
29,210,0351.--having been, in the previous half-
year, -27,339,7301. On the sth of July, 1817,
when the Batik dividends were payable, there were
outstanding notes to the amount of 28,800,000/.—
amid the amount, in the month of October follow-
ing, was 28,900,000/. The issue of sovereigns
between July and January 1817, was 1,246,4221.
So that, had those sovereigns remained in circu-
lation, there would have been an increase of the
circulating medium to that amount. The whole
amount of specie, issued up to that time, was
3,678,542/.
" Your Committee cannot avoid saying, what.
ever the policy, or however laudable the design of
the Bank in making those partial issues of cash in
payment for their notes, that it was exceedingly
inconvenient, at a period when gold rose above the
mint price. Under such circumstances, a contrac-
tion of their issues was the most advisable course—
and unless they had such a control as would en-
able them to effect lust object, it was most inex-
pedient to undertake an extensive, though partial
issue of ruin, which must necessarily subject them
to a considerable loss. l'oder this impression, feel-
ing that partial assure from the Bank would post-
ponr the removal of the restrictions, without being
of ally edvintege to the country, while it must en-
tad a loss on the Bank. your Committee recom-
mended, in their first Report, to the House, the
immediate enactment of a law to suspend all cash
payments by the Rink, till the whole subject was
laid before them.
66 The next important point for the consideration
of your Committee was, the amount of trine* of
the Bank of Englund outstanding on Government
eecuritiee—or the amount of debt due by the public
to the Bank of Englund. The necessity of the
payment of a part of tins debt. which was so ear-
nestly requested, and the weight and importance
Of the reasons adduced on that point were so great,
that your Committee deem it necessary to detail
the origin of the advances or the Bank to the
public, which had deprived the Beak or thst con-
control over their issue of notes, which was
essential to the resumptiou of cash payment*.
—ln the Appendix, there wits au account of
the edvance. on Exchequer Lille to Government,
from 1792 to the latest period at *loch it could be
made up. The lust item was u emu of 1,820,000/.
—but this could nor be cmuCilereri as any portion of
the debt due by Grove rut to the Bank. it,
arose from motley originally lodged in the Bank,
fur the payment of certain public creditor*, which
was not claimed, and was afterwards drawn
the Bank, Hod applied to the service of the country
by the Acts or 1791, 1808, suit 1815. It would
be seen by the account. that a great 'WOIIOIIIIIII Or
the advances from the Bank arose lions Exch.-411er
bill* tamed, as distiisguishable horn those purchased.
By an Act of ‘‘'illoott 111. the Bank were prevented
from °peon% accounts wells corporations, nor could
they loot motley WI crown 111114, Of 01111411/CC any
SOW of muury by eel cel lusts, other than eti the

LI,

I

ercdit of such supplitr as were kii.kl,4l
tneirt. The winning rf money level by Wt. Ronk,
cwt thin tircnrity, 11-f,rn 17 77 19 ivyt, would he
fortiori in the Appendix. In 1793 in Act waa passed,
prareeting the (lot ct nor atttl Comissoy Of Ilse Bank
from any printlowa tls it they were liable
to for soakioo iolvaor on 1•:,;(.11,tim.r. 1,11; not ar.
repted I,F the Lords of the To-amity, :Aid made
payable at the Bank. The motor,' uloch Holoreol
the 'moan!, of ;hi, Bill lire detailed in the evidence
of Mr. IFw.impart, at that Irene it Director of the
Bank. Ile staird that it was the ru.tont of the
Kink. time out of ntiml, ta pay the amount of
throw Exchequer bilk, and lu .et them oft ;I:viin,t
the rePiorelser accounts Its winds they beliroged.

Throw iolvanees were permitted to too to it large
soinuot, lout wit f fritter 111411 150,11(191. 11),I0ON
stigge.tril I het:lolveil to the Direr' orm of Ow 13iiik
in 1793, whether tin., proceeding WA • WA H viii dirt
of OP At•t Of WIIII.IIII snit' Alert—ind, In CMOS'.
(1111P11C.., the Act of 179► t.is 1‘..1•4. 'l'lt:lt A;•t
allowed the It ink to make Ili x•lvatttr llf liliv or

100,000/. on Treasury or Exchequer lolls. iv
an Act passed 1y alter the lii.t Restrictimi
Act. this provision was retained. Boit, its the fid-
lowing Session, they were showed hi in ske 'Avineri
on the duties tin melt, &c. during the continuance
of the restriction. They were, however, prohi-
bited from advancing any flllll Iseyotsd the amount
limited in the *eerie' Acts of Parliement—and
the Exchequer bills to be purchased by them
were not to exceed a limited amoisist. The two
species of Exchequer hills e.-ere those issued on
actual duties, awl on which the Beek ionic ass ad-
vence—distisionisheil from liw,e purchased, being
P.:xclierier bills taketi by the Beek, when not sold
to the public at it premium —premilim or discount
not being demanded from the Bank. Au so count in
the Appendix shows the million of Esc:it-quer
hills issued since 1792 --the amount of edvanees
to Government, deducting set fur un-
paid dividends—soul the i.sti,s t;f Ihshk Holes
for each half year, from the year 1414. The
advances of the Bank to the Government, in
April last, appear to have been 19,43e,0001. The
attention of your Committee was dien turned to
the expediency of the Ila,:k'a limiting its issues,
with is view to a gradual return to cast' payment'',
and they received a promise from that body, that it
e necessity of steel, a reduction should be perceived
by them, they could a:a accoriliogly with respect to
that branch of their issues which would admit of re-
duction, without great public iticameaieuce. The
utterition of l'aultainaist was first called to the state
of the Rank balances in the Report of the Com-
mittee of Finance, in 1807, by which it tipplers that
they then amounted to 11,000,000 f. From 1807,
till 1815. they annually averaged at the same
sum. Since 1816 they have been more limited,
and have not exceeded 7.000,0001. and they have
undergone a further limitation, and au application
to public purposes, by the Bill of the present
Session, fur rendeting the growing produce of
the year applicable to the service of the year.' On
• review of all the circumstances connected with
these balances, it appears to your Committee, that
in any measures which may he taken for the re-
sumption of payments in cash, the state of
them should always be kept is view ; and from an
examination of all the transactions between the
Government and the Bank, it appears to your
Committee, that a principal impediment to the re-
sumption of cash paynieut, by that body is the want
experienced by it of at least ten millions of the
money advanced by it to Govertiment, and they
earnestly recoinintaid the re-payment s.f that suer
as early as it can be affected, caasistently with a
due regard to the fniancial situation of the country.
The next bead of inquiry entered on by your Com-
mittee, was the expediency of otil•ging the Bank to
pity its notes in specie lifter the fish July next, the
period now fixed for the saute by law. In pursuing
this inquiry, they ware naturally led to ass exaius-
nation of the slate of the issues in paper from the
year 1797 to the present. llfere followed a state-
ment of the hulf•yearly issurs during the above
iu-
lei-veg. The Bitik Directors stated to your
Committee, that if payments ill cash were to be re-
sumed on the sth July next, they should feel them-
selves obliged to Inuit cmisitlerably that part of
their issues which was within their own control.
Much evidence was given before your Committee
nit the inconvenietwe and danger likely to arise to
the country from a audileti limitetion in the Bank
issues. On this part of the subject, they cannot
forbear quoting certain parts of the evidence, which
will be found mare at large in the Appendix. The
Report the,' produced extracts from the testimony
of Mr. A. Baring, who had stated, that the only
means of 'aerating the way for a restoration of is
mold currency was be limiting the issues of paper,
utid importing bullion; and that the quantity of
bullion necessary could by no meats. be im-
ported within the period now prescribed by law.
Mr. Haldeman stated, that, previous to a return`
to a metal circulation, the issues should be reel
dotted three or tour ruilliuus ; that every possible;
inconvenience to the public would result from a'
sudden reduction in the .-sues, and recommended
that the return should be gradual. The testimony ,
of Mr. Gladstone, a inerchant, and a member of
the house, was then referred to. Your Committee.
the Report proceeded to say, were decidedly sit*
opinion that it wa. cutivettient to (tailbone the re..
atrietion beyond the sth Jaly next.
" Your Committee then turned their attention to
the time proper fur contieuing the restriction—the
&termination of which would, in • great measure,
delimit' on the quantity of gold in the country be-
fore the year 1797, whets payments in cash were
suspended. Of that quantity it is extremely diffi-
cult to form an opinion. A communieation by
the Bank, in March, rated it at thirty millionth but
described it to lieve been all exported. Mr. A.
Barn% says, it is dtfricult to form all opinion of the
ntuuut of gold bullets winch ought to he in the
country before uttetupting a lull resumption of
payments to specie—probably it should not be
less titan forty or fartyAive millions. Not that
the whole of that should be coined and put
in circulation, but without half that aum exist-
ing in gold coin the measure would scarcely be
practicable. I should think that the enthe quer-a-
bly of bullinti necessary is not to be procured by
the country within u shorter period than four or
five years. Mr. Stuckey, a gentleman connected
with u back in the country, stated it lied cost into
much to remit gull to town in the year 1817—that
ix the course of the same he took cue thousand

guineas lonised to him 1,:.1;14(11 'hi foam,
quested him not to leave it 11.1-rv• uo it would

attended .rich inronveriitnee to 1111-m.

Other Governments on tlie Continent,
Report continued, are employril in the me...tor.
necessary for restoring a metal cireultition—aml !Iv

iml►orinlinn or buliio►► into Europe nl-•-

structed for some yews by the disturtard Hoe of
South America ; hods wh►ch circumea:stva

Dare their effect in impeding Ilw re.lorewn
metal currency in this country. 1,44, ,
moving the restsictiona, the mark. 4 tr e. ,