The British Press; or, Morning Literary Advertiser.
London, England, 1804-05-30 00:00:00

WILLIS V. WZLLS.

This was an anion upon a breach of contra&
The Defendant had sold a quantity of hams and
bacon to the Plaintiff, and in a written contra& had
stipulated that the goods should be of good quality
and condition. Upon examining the goods, the
Plaintiff found a 'quantity of them damaged, and
unfit for use : upon which he applied to the De-
fendant, who thereupon said he must take all or
none.

The Plaintiff produced several witnesses, who
proved the original contra t, and that at the time it
was broken, the article was rising in price and va-
lue every day ; and that by the breach of contrast
the Plaintiff mast have lost considerably.
The Defendant contended that the Plaintiff was
bound to take the gnodeas they came, for that by
the usage and custom of the trade, the seller always
made an allowance to the buyer, in a certain pto-
portian, fur such part of the article as was not mer-
chantable.

Lord ELLEXIOROUCH observed, that a special
contras/ had bee, entered into by the Defends:it,
by the breach of which the Plaintiff had sus-
tained a loss, and it was for the Jury to ascertain
what that loss might amount to.
After some consultation, the Jury found a verdiet
fsz the Plzhnif —391. F.l.

DUBLIN, Mar 95.

A curious dispute, conneCtel with the arrest of
the Rebel General Russell, has arisen in this city.
An attorney, named Enprson, seems to have been
employed, in or about the time of the late insurrec-
tion, by Nlajor Sirr, as a ',xi:fa/kind of b id y,and hav-
ing obtained some remote hiformation which enabled
the Major, and Mr. Minchin, a Magistrate, to arrest
Russell, he sought to obtain the whole of the reward
offered for the apprehensiosrof the Insurrection try
Chief. Disappointed in this avaricious expeCtation,
Sirr (who, at the hazard of his life, disarmed and
arrested Russell). having got half the sum proposed
by Government, Emerson, in an appeal to the pub-
tic, complains that he got but five hundred pounds!;
and he asserts in a memorial, to the truth of which he
makes affidavit, that he was in the room when Rus-
sell was (4.,.ir mecl and arrested. In contradiaion of
this, AN Sin and Mr. Miachin have made oath
before the Lord Mayor, that " Emerson was not
in th • room when the arrest was made," but entered
it s• .a after. If the oaths of the informer and Ma-
jor hirr were merely opposed to each other, there
might be a possibility of the public judgment beir!
undetermined ; but the oath of Mr. Minchin, a most
respeetable gentleman, being thrown into nue of the
se des, the inference is obvious and nnquestionalile
I dormers are, unhappily, sometimes useful, and
should he paid ; but it is not alone the necessity fur
such instruments that is to be lamented, but the
corruption of morals, and unblushing contempt of
decency, which remain twig after that necessity is
removed.

Olt ! it is a sad thing, and debasing to human na-
ture, to see in one day the price of blood becoime
the objel of contention; and any person assuming
and pretending to the name of Grneb man, violatinit.
with Thema -shriek and Patopyrr thirs, the grave i•f
the viaim which he had slain. I assure you, the
circumstance has excited a very general sensation s.f
horror and disgust here ; and I am glad that it
does, for it shows that the proud and ennoblirg dis-
tinaions of man have not been entirely olslitcrat,:o,
by our cruel and unhappy civil dissentions.

Yesterday morning. five Regiments of the City
Volunteers, and the Artillery, with two pieces rf
cannon, went through the different evolution*, h.
lore the Earl ['ARRINGTON, and the Duke of
YORK. They acquitted themselves with their accus-
tomed regularity and discipline. greatly to the satis-
fadion of His Royal Highness. On their return
through St. James's Park, the guard at the Queen's
House was drawn out, and saluted the different
corps as they passed, with the colours fling,
had been presented to them last week, at Green-
wich. The remaining five Regiments of City Volitr-
tcers are to be inspeded on Friday neat, by tr.:
Duke of l'oebt.

It is now certain that Prince de Bory{hese, brothei -
in-law to the First Consul. intends to buy a coun'.7
in Suabia, xhieh will he ereaeil into a principality.
But the report that IA %site is to continue at Rome,
an.l that same disareement subsists bevacca
and her hushaud, is without fomaidatiow

•
**.
FROM tHE LONDON GAZETTE, IRTIr

dehainsity-Offirs, Iffeo*29, 1804.
His Majesty's Ship Le Pique, off Juane,
SIR, Maras lit, 11'.04.
I have the honour to inform you, that, afief 4
cheer of five hours, this day, we came tip with and
captured the French National Cutter La Terreur,
of to guns (si; of which the threw overboard In
the cheer), and sevent7-11ve Wien, commanded by
Mons. Collinet, Lieutenant de Vaisseau, from Santo
Domingo two days, and had taken nothing.
I have the honour:to he, Ste. . '
<LS.,. H. H. Rail
To Sir J.T. Duckworth, Rear Admiral of the
Red, Lionmander in Chief, &c. etc.
Colo of another tetter from RenrAdoirral Sirloin's Thalami
Duckwmth, K.B. to William Marsden, En: dernea
Jamaica, Ilia 7th of April, 1804.
I transmit you herewith a letter from Captain Let
Geyts, of His Majesty's ship Stork, stating the cap-
ture of a felucca privateer; there are alto two
other privateers captured since our last, aecordiee
to the accompanying list, which I beg you to laf •
before the Lords Commissioners of the .tdmiralty. • I"
I am, &c. J. T. DucKwoare.
His Majesty's drop Stork, off Caps Nicola.
SIR. Mole, March 90, 1804.
I have the honour to acquaint you, that His Mn'
jesty's sloop under my commend has this day cap-
tured, after a chace of six beers, the French felucca
privateer, L'Hirondelle, of three guns (turns/ which
were thrown overboard in the chats), and forty.four'
men. She has bees three months from Guadeloupe,:
but last from Banacoa, and had taken nothing. •
I have the honour to be, &c. • -
(Signed) Geo. Ls Gaels.
To Sir J. T. Duckworth, K.B. Roar-Admiral
of the Red, Commandsoin.Cloisf.
Return of vessels captured and destroyed by His Majaag. ws.
eels under the coolants of Rear-Admiral fir J. Tt Dutiat
worth, K.B. since the list incised 10111 March, 1404.
L'Hirondrille felucca privateer, of three guns and hogs*,
men; captured on the 90th et March, by the stork. .
Le Casar felucca privateer, of one six-pounder, and 46 men;
captured on the 3d of April, by the Fortune-; out five days,
and had taken nothing.
Jean Baptiste felucca privateer, of 28 men; capture] on the
2d of April, by the Racoon.
Copy of a Letter from Renr-Adtairal Decree to Wiliam Mars-
den, Esq. dated on board the Franchist at Sea, 27th March,
1804.
SIR,
Having direaed Captain Murray to chase a
schooner, which was discovered a-head of the con-
voy yesterday afternoon, you will be pleased to ac-
quaint my LniJs Commissior.ers of the Admiralty.
that, by half past seven o'clock that evening, she
was captured by the Franchise, and proves to he Ls
Petite Harmonic privateer from Martinique, mount-
ing 2 four-pound carriage guns, cm:erne:sled by
Citizen Guerel, and manned with twenty-two men.
I have ordered her to be destroyed t and am, &c.
J. R. Dacau.

SQUADRON UNDER COMMODORE SIR SIDNEY

GENZIt&L ORDER.
ifatehtpe, If Ostend, May all, 0104.
The Commodore 'Abet the opportunity, before the extension
of the Squrlron to a ert:ater dist ince imam each other, to sig.
ray hi. eut,re avp:ebatiat ro CAI rviti,ed and
on whkh the eree,al ;Mutt sit the late a, ti soe rem Ahait
the Cailausiis and Conntandera of the Shops and Vrieeis utadri.
kit relicts.

He highly anpro%et of the spirited manner in which Captain
Ad a.id Mitchell engaged, imineilisitely on tlirir jinx:tins,
without waiting for particular inatructiona, acting on the true
pii,icip/e, sanctioned by law and practice, of doirgy
" the utmu.t !Killable in yusettitot an enemy, and to taut •
friend in view."

Without derogation from any other Officer, the Colllllooe
dor.- feels it incumbent on him to particularise Lieutenant
Maiiderston, cornnianding the Minx, who lied the attack an
the l'raa:n, and Lieutenant Lapolie, mammals ling the Marisa,.
who seconded that attack ; and to arum those Oflizers that he
parti.ip..tes sincerely in the general admiration which thtir
gallantry arid address excited.
The signals made and repeated to the ftatd-r " to get to lee-
ward of the chat.," at tha cone time that the general sienal
for action was flying, was Me only one that occw-redto ir.d,c.4
that there was wart to leeward for that sloo;i, although the:ei
was not water iti the direet course which Captain Mas•,.'s
anxiety to clue with the enemy induced him to take.
The Commodore is much gratified in being the fiat among
those who wilt approve the gallant 'tuitions et the OfiitAXS, sea-
men, and marines, of trait squadron, to express that a;Troh-tion.
The tire kept up by the squadhati was constant
,nil ucU-
d,rectel ; and this Commodore hereby returns them th...nks io
the name of their mmauy, of which they are at present the
Anneal guard.

(Sirsed) W. SIDNEY SMITH.

A Irnoultdge of the following Aa of the United
States Of .Arne:ica, may be of use to those who are
conne&ed with,the funds of that country:
An An to repeal a pal of the Ai intiteled, " An Adt sup
Venientary to the Aft concerning ConeLls and Vice Consu.s,
..ad for the fertile: reunion of .I,m-clean Smoten."
B. 4 emitted by the Senate and Howie of Repres-Adt:ett of
the ,Uhitxt Seth" of America, in Colgreatats:::thitd, ti.a the
ninth se.tiod of the AO, intituled " An Act supplementary
to the Act cuticernlng Conyu:s and Ir-we-Consuls add for the
bather protection of American gzsmen,4:;,,,t the ~eth of
,
Fcla.i.ty, one th,unl eng!:t hundred And , be, arid the
~ hereby re; vied.
hitt U —.toe h., it fwthe• enacted, that all power, of ae•
tort;y for the ,rao•tef of any -node 01 the United Siatzt, or fee
tll.l receipt of int:rest thereon, executed in a foteign country.
the „.,;.e, of June, 111.13, arc noting to the tomtit, use
a: thd r metes ef the tYnotcA pri ,r to the said Seth d.,1„
of Juise, 1303, b: all intents and purpocei; any
p7,35...V1 in thc af,-ettid retieu ty.by rerimird to the eon.
Lary itete.t.n-anti mg.
(Signed) Nate hi•c.m, SeeclrePcf the Home of
keprelclitet.tex.
(Signe3) Jesse F try, Prr.itnit of the Senate,.
hlzrch Pre Tempore.
A ppiovel.
(Signed) T J n.

On the I 2,1 i inst. the garrison at 34eyence was in-
formed, that the Senate and the Tribunate had pro-
p sled to declate Bonaparte the hereditary Emperor
of the Fri.c.ch. With one voice, the troops .ez-
claiaresl. "May BeeraAode berfer ever!"
Our Government has required, in the Electorate
of lianover, 3.000 more ht-stses for our cavalry. and
1,1011 for our artillery. As the 6,4 of the H4llO-
- is entirely empty, General Des-
.olles has rtrdered the horses to be taken in the ditfe-
rent towns ar.si villagel in Hanover, by French OIE.
cers and Commissaries. The owners of these horses I.
will arrange the prices aid the mode of payment,
with the Me nbers of the fi-moveritin States. %Vhen
this acquisa:tto of horses is completed, ilanover will
have f.ttrnished us, wtthin these last twelve months,
wit'. 'Z...;,.500 ism se, for our cavalry; G,200 for our
drag:
stns or hussars; and 5,025 fur our a.-tillery. .
(Le

NAVAL INTELLIGENCE.

PORTSMOUTH, MAY 28.
Yesterday, arrived the Tribune frigate, horn the
French coast.
This day, came into harbour, the Melpomene fri-
gate, Captain Olivet.
The Orpheus ftigatti, Captain Hill, is under orders
to sail for the coast of France. Being in course of
pay, she will to-morrow be paid, and sail the next
day, if the N% ind is f tips
The Anobascarle frigate has made signal for all
officers to repair on board, and for the convoy to
hold themselves in readiness. The above ship has
%Hummed, as has also the Preroyante, and with the
convoy will sail to-morrow.
Came up from Cowes, the Aimr transport, with
100 troops on board, for Jersey and Guernsey.
DEAL, MAY 28.
Sailed the Volcano bomb on a cruise off the French
tout. Ear! Hogue, Sir Stephen Lashington, ilantsral
Gard.er, and Charleston East Indiamen for the River.
Arzived the Archer and Bloodhound gun brig.,
from a cruise off Boulogne, and remain in the
Downs, with the rest of His Majesty's ships as per
last, with the armed and navy transports, and a
fleet of outward-bound vessels.

•
FROM LLOlllis LIST.
GRA?'END, MA V 25..--Pa.4ed he the Tharne., Welatt ; and
the Trusty, Fraser, tram Jamaica; Nigs,r, Linder, !PPM lion-
duraa • St. Theresa Alein, F.liar, from St. Andero ;
fr ,rn Fecarop NIL ntor. CI ll ittic ; Liraly, Smith;
Al -Lander, Street; Forty-Seconl, Philips; and Threat Bro.
thmei, Patrick, from Oporto —Sailed the Vrow Elisabeth,
Meyer; and toe Veir Gebralt.ra, Holt, for Trinningeo.

EXTRACT
?ROM 111NUTILS 01 VIMILMCI

TAM h4ore ►fie Committee appointed to enquire into the
State ut IraLtid,a. ao its eirctilating Paper ; its Specie and
Carroty Cin; and, the Exchange Uttweett that part of the
United Kingdom and Great Britain.
The Right Hon. JOHN FOSTER, in the Chair.

--

(fir B. W‘in:irop's exam,ation, continued from our Paper
of Yeltenlay.)

Supposing the proposed plan of consolidating the
two Banks was adopted, and a number of English
Rank Notes to be issthd in Ireland, in exchange for
Irish bills of exchange, which should be exadly
equal to the number of Bank of Ireland Notes now
euculating there, would not a considerable part of
those English Bank Notes be transmitted to Eng-
land as remittance for the sake of profit on the ex-
change, would they not be withdrawn from ciicu-
lation in Ireland so as to render that circulation pro.
ywrtionably less, and would not the Bank of Eng-
land save to pay in London a sum equal to the
Bank Notes so transmitted ?—Whenever the exchange
is against Ireland,wbich is always the consequence
of a balance against Ireland, such notes being pay-
able at par, would all come over to England.
you not mean that such a number of notes

would come over, that would be sufficient to pay
that unfavourable balance?—Supposing these notes
were to come to England for payment, I am to sup-
pose that the Bank of England has already been
paid foe those notes, for, if not, Ireland would still
uc indebted in the same sum to England; if the
Bank of England advances money on account of
Ireland, she is indebted to England fur the whole
amount it pays.
Supposing the Bank of Ireland to make the notes
which it issues in Ireland payable in London, in
Znglish Bank Notes, and to be provided with funds
in London for their payment. would not such obli-
gations to pity Irish Bank Notes in London, have
the same effea as the proposed consolidation of
the Banks ? I should rather suppose it would
have the same effeet, as the present Bank of Ireland
keeps a cash account with the Bank of England,
providing them with funds beforehand, and drawing
upon the same as their demands required, which
they may now do ; but I do not see how that could
tend to alter the exchange.
What difficulty exists for using English notes as
a circulating medium between the two countries,
which does not also apply to guineas ; both the one
and the other bearing a higher value than Irish
notes ?—The guineas must be paid for, and the
Bank of England Notes must also be paid fur.
You are of opinion, that no consolidation of the
two banks is praaicable ?—I am.
Is there any arrangement which could be made
between the two Banks, that could be of use to-
wards lowering or steadying the exchange ?.—I think
not ; for the only cause I conceive of the high ex-
change, is ow ing to the necessity there appears, of
remitting a large general balance to England.

Do you think there can be any increase made in
the exchange by the conduit of persons who deal in
remittances ?—I believe not t, any amount; 1 con-
sider the exchange between England and Ireland in
a threefold rips. Ist, As it has reference to the
lulance of trade between Ireland and all the world
site having no other exchange but through England,
I am persuaded that the balance of trade it conside-
rably in favour of Ireland; and that if there were
no other demands on Ireland, than what arose for

commercial purposes, the exchange must be in fa-
vour of Ireland : the next point of view in which I
consider the exchange, is with reference to the sum
of money that is neces.. tr y to be remitted to Eng-
land for the payment of the interest of that part of
the national debt of Ireland which is payable is
London ; what the exaa amount of this is, and whe-
_ _

the► it would be sufficient to countersa the balance

of the trade of Ireland, is a question-I have not the
means of answering : the third point of view is, as
it refers to the large sums of money 'emitted to the
nobility and gentry of Ireland residing in England,
this I have understood to amount to 2,000,0001. ;
what the general balance is, I do not know, but if it
amounts to any thing like this sum, or half this snm,
it would fully account, in my opinion, for the high
tate of exchange; and, with respect to the remit-
tance of this money, I conceive the high exchange
not to be the disease, but rather a symptom, and
not an unfavourable one, to Ireland, inasmuch as this
high exchange, as far as it operates, has a tendency to
• keep the money in Ireland; suppose the stoney

to be remitted to Absentee•, to amount to two
millions, and that the exchange is 10 jre cent.
above par, I conceive it keeps two hundred thousand
pounds in Ireland, which I think is so far a benefit
to the country; with respeß to the high exchange,
as it operates on the commerce of Ireland, 1 am per-
suaded that may be safely left to the merchants and
traders of both kingdoms, and that, if they were
consulted, they would give the same answer that
the merchants in Francs zave to Monsieur Colbert,
when he asked them, "'lf Government could do
any thing to serve they ?" their answer was, " The
greatest favdur they can do us, is to let us alone."
With respect to the second cause of the high ex-
change, as it relates to the interest to be paid in
England, that I think is a pure and unmixed evil
towards Ireland.

How do you account for the payment of the inte-
rest due for the Irish national debt producing the
same effect as remittances to absentei, seeing that
one is sending money from Ireland to England, and
the other merely detaining a part of the current
loan ?—I conceive it to stand on the same ground,
and that hoth an• to be remitted from Ireland to
England ; if there is any new loan from which the
interest of the old loan is to be deduaed, that vs onld
be 2 detaining the interest; but I conceive, that while
that practice goes on, it tends very pinch to the de-
triment of Ireland, insomuch as it creates a constant
annual drain, after the money which has been bor-
rowed has been spent.
Was there any restriction on issuing specie in
France during Mons. Colbert's administration, when
he received the answer mentioned by you ?-1 un-
derstood there never was any bank in Paris, or cur-
rency of paper, attempted before Mr. Law's time.

. _
After banks have been instituted in a country,
and have been rest' icted by law in their issue of
specie, do you consider all legislative interterence
with their proceedings to be dangerous or imp °per ?
—[
never knew or have heard of any such restric-
tion prior to 1797.; I am yin y fat from thinking
that the interference of the legislature must be im-
proper, when occasions call for such interference.
Is it not the practice of the Rank of England
to limit its advances on bills discounted to indi-
viduals below• the amount applied for ?—Very fre-
quently.
Do you conceive that if the Bank of England, or
any public bank in any other country, granted dis-
counts without limitation, even for all safe bills,
they might not incur a tisk of increasing the cur-
rency of that country beyond the proper quantity?
—That has been always my opinion during the time
of re triction.

What do you conceive would be the effect of an
excess of paper currency, so produced, upon the
exchange between that country and foreign COllll
tries ?.—,l am not aware of any, bu, unoa further
consideration of the question, I m.gkix alter my opi-
nion.

....
11'otild not such an excess in currency produce a
rise in goods m then nominal price think it most
innh.t!,!y would.
Would not that rise prevent the exportation,
witholt slrie compensation to the country where
they wee,. purchased t--The rise in the market price
of any goods, I should conceive, has that natural
tendency as far as it operates; and it is upon that
ground, that I conceive, the high rate of exchange
with Ireland operates in the nature a bounty on
exports from Ireland.

Is it not probable that that compensation would
he found in an increased rate of exchange against
the country from whence tjte goods were exported ?
I believe, that Ireland, exporting their goods under
the high exchange, would very soon raise the price
of their goo,i, ; otherwise, the foreigners would
have the goods cheaper; and in that case it would
most probably increase the exports.
Is not the exchange of every country regulated
by the price which the remitters of bills on that
country, payable in the current circulating mt-dium
of it, are willing to give to the drawers of th •m ?
I conceive the exchange between countries to be re.
gulated by the greater or less amount to be drawn
for or remitted. . _

Does not every actual drawer imply a remitter ?---
There can be no drawer unless a remitter is Jim aid to
take his hill ; but we may suppose the case of
drawers offerin7 their hills to a very considerable
amount when these are few remiuers ; in which case
the business must either remain undone, or the
off.rr of higher terms may p .:educe remitters.
Will not the price wh ch the atual remitters of
bills consent to give to the drawers depend on the
quantity of goods which it is known by each party
that the bill will purchase in the country on which
the bill is drawn think they do not carry their
views so far ; if there are more drawers than re.
miners, the remitters will take the advantage, and
VIM verse.
Although the drawers and r.mitters should not
themselves advert to the price of goods in the coun-
try on which the hills are drawn, will not, never-
theless, the merchant in one county, in F.ngiand for
example, in calculating whether or not he should
become a purchaser and an exporter of goods in Ire-
land, found his calculation in part oa the current
rate of exchange; and having so purchased them
and exported them, will he not be under the neces-
sity of remitting bills in payment ?—1 should con-
ceive, every prudent ni .rehant, either in purchasing
goods to export, or in orderings goods to be im-
ported, will advert to the prices of good, to the ex-
change, to the charges attending the export and
import, and to all other circumstances which can
affect his intehill. _ .

Does not the rate of eaehange. at the pretest
time. determine the English merchant to import
Irish goods. inasmuch as there would be no profit
on the importation, it there were nut an advantige
in the exchange?—lt may or may not; hut Fie
would take the rate of exchange into consideration,
together with the other circumstances above.enett-
tinned.

_
Is not then the existing rate of exchange a cause
of me present exports from Ireland N.-It may or may
net, according to circumstances : the high rate of
exchange, as far as it operates, ISM a tendency to
prevent importation; both which consequences of

the present high exchange operate in both instances
in favour of Ireland _ _

Do you conceive that the balance of trade and ba-
lance of remittances invariably govern the rate cf
exchange conceive they naturally do.

The whole balance of account between the two
kingdoms, previous to the restrietion, never having
induced a variation in exchange to the present ex-
tent, during a course of seventy years, has the ba-
lance of account increased so greatly within the last
five years as to justify a variation in exchange to
the amount of t 0 per cent. above par ?---I conceive
that it necessarily has done so, because the fad of
the exchange is so ; I am confirmed in my opinion
that the balance of the commerce of Ireland was con-
siderably in favour of Ireland before the restriction ;
for, if it were not so, I should be wholly unable to
account for the exchange remaining neatly at par,
when I take into consideration, that the remittances
to absentees have always been very considerable, and
if there hai been nothing to counteraet the ex-
change, with respeet to such remittances, it could
not possibly have remained so ; I believe, there are
now circumstances, and have been for some time
since the restriction, that materially tend to increase
the general balance due from Ireland; the remit-
tances to absentees of all denominations, I believe,
are necessarily much more considerable than they
were, which may partly be accounted for from the
fears of invasion in Ireland, from the late rebellions,
and other circumstances, which tend to shew rather
an nn•ettled state ; and it has fallen within my own
knowledge, that families, particularly the females
and children, have removed to England, and must
be supported there ; besides what I mentioned be-
fore of the necessitty for remittances to pay the in-
terest of the debt, I am convinced the balance of
trade has continued in favour of Ireland since the
restrietion.

If in point of fa& it should appear, that since the
restrietion the remittances to Ireland for loans have
considerably exceeded the remittances to Ireland for
payment of interest of debt, is not the increa'e of
remittances for absentees the sole cause to which the
increased balance of account between the two c
un-
tries is attributable?-1 conceive the Exchange to be
i.lfluenced only by the general balance of all ac-
counts; and that the increased amount of remit-
tances to the absentees might very probably account
for the present high rate of exchange, as making a
part of :he general account.
You have said, that the high exchange, supposing
at 10 per cent. occasions a saving of 200,0001.
year to Ireland, on the remittances from Ireland on
account of absentees, supposing the amount of those
remittances to be 2,000,0001., how do you conceive
that high exchange to operate, either for the benefit
or to the loss of Ireland, in nye& to the remittances
to be made to England, for the interest of the Irish
debt in England, supposing it to be 1,30(1,0001. an-
nually ?-3 conceive it to opetate to the loss of )e-
-land to the amount of 1,300,0001. because Ireland
must remit so much English money, and must pay
the high rate of exchange on such remittances,
whereas the remittance to absentees is fur account of
Ireland, and instead of remitting 1,000,0001. so as
that 2,000,0001. should be received in London there
is a deduCtion, in the first instance, of the exchange
in Ireland, amounting to 10 per Cent. above par, so
that only 1,800,0001. is received in fingland instead
of 2,000,0001. ; and the difference remains in Ire-
land.

The loans from Great Britain to Ireland annu-
ally made, answering for so far to diminish the ne-
cessary annual remittance from Ireland to England
on account of the above interest and absentees, what
do you conceive will be the fund for Ireland to supply
their amount when those loans shall cease ?--Sup-
posing there to be no loan of any one year, I should
think the general balance would be in that year still
further enhanced against Ireland, and that the ex-
change (all circumstances remaining the same)
might probably rise considerably higher.- In short,
the general balance to be paid or received, always
regulates the exchange between England and Ire-
land.

When England has made large remittances to
the continent for subsidies, have not such remittances
always affeeied the exchange, and have they not for
a time overcome the ere& of the favourable balance
of trade, though operating in a diffeient ?
—I think always.
DiJ not the extraor.linary importation of grain
into England, during, the scarcity of the years 1799
and 1800, occasion a great excess in the value of
the imports from hlambro' over the exports from
hence ?—Undoubtedly.

Do you not think that th's extraordinary operation
on the usual current of trade between these two
places sufficient to account for the dapres,ion of the
exchange, which prevailed during that period ?—ln
a great measure it undoubtedly did ; in one of those
years there was another cause which depreciated the
exchange—that was remittances fur subsidies.
Have you ever hard an estimate of the amount of
the del* incurred by England for grain imported
from the Continent during the scarcity ?—I have
heard it amounted toa very considerable sum ; it has
been said 15,000,0001. but I do not know the fad.

Supposing it to have amounted to 1.5.000,0001.
Jo you think. bad the restriction of the Bank of
England been taken off. that that amount would
have been paid in specie ?—1 believe not.

Is there any exchange likween York and London,
or any part of England and London?--I have known
an exchange from Scotland of about 3 or 4 per cent.
I do not know how it is now ; I speak of thirty years
ago, in the time of the Ayr Bank. I know of no
restriEtion upon the issue of specie, except upon the
Banks of England and Ireland.
If there is no exchange between any part of Eng-
land and London, and Ireland is now made a part
of the United Empire by the Union, what causes
are there which are so peculiar to Ireland as to keep
up an exchange between Ireland and London ?--
Notvithstandmg the union there is a great dis-
their's& of country, the sea goes between them ;
they have a different 'treasury, a different Bank,
and an exchange between the countries has always
existed; though the gold and silver coin are the

same, t.e halfpence differ in the value of the pout
to the amount of 81 per cent.
Do you see any necessary causes for its differing.
from that 81 per cent. ?—The necessity of Ireland
remitting large sums to England, is the cause of the
rise of exchange.
1)u ).ou think the different Treasury and differ.
ent Bank which you have mentioned, could be so
arranged as not to affeet the exchange?—1 think
net; but that the exchange is only influenced by
the causes I have before mentioned.

In your opinion, could the restrielion on the
'Bank of Ireland be removed, while a similar re.
!strietion continues on the Bank of England ?--ls;,,t
'with safety to the Bank of It eland; for, if the Ban:
of Ireland was obliged to pay in specie, w11:1 t no
specie could be had from the Bank of England, rot
only Ireland would be supplied with gold, but ti:e
demands from England would be sntficient to st
the Bank of Ireland in a very short time.
Suppose the exchange to change in favour ~r
Ireland, would that objection continuo?--Not ra-
turally to supply the demand of Ireland ; but if
any body wanted gold, which might attest& the
pure. ,es of exportation, as being of greater value id
weight than the coinage price, they might supply
themselves by demanding it from the Bank of Ire.
land, as long as the Bank of Ireland had any left.

Supposing the balance of debt in favour of Ire-
land by the exchange being under par, would there
• be any demand for gold to be exported from Ird.:n !;
or in other words, must pot that gold be p,0..1 for by
Great Britain, if she takes it?—There would bes,ade-
mand for Great Britain to pay any balance, because
none would be due; but if England wanted gold, fcr
the purpose of exporting. from England to foreiv
countries, and that the price of gold in England was
higher than the coinage price, I think the iiat.k of
Ireland would very soon feel a redation in its cash.
Would not gold, in such C 22?, be considered as a
commodity of trade exported by Ireland ; and would
it not be beneficial to Ireland, Cutunuch as Irelairl
would receive more than the coinage price?—There
might be a small profit, but the Bank of Ireland
would soon be completely drained of it.
Do you think Ireland would be completely &tie.
ed of it ?—I think it is impossible to drain any coun-
try of ,o much of its coin as is necessary to cam' on
its traffic, unless by the establishment of Banks, and
the issue of the paper of such Banks, Nude to an.
swer as a substitute for coin.
0%, be cenbeur,l )

Yeaterdq—K • CH ft ..stereo—liollosy at Mc
Public oth. es.

fifEETINGS OF CKELtiTORS AT IaUIIebBEALL,
TO-MIONJWIIr.
Thomas Roll, Daleten, kleldlesex stack•brukair lO
Benjamin Rats inJ Ann Smith, Bgiingtiall-stria. fit4ors
Caney 10,11, Sampson's Garden, Wapping, nats:ar- t
mariner
Witham Asia.. Ho Line, Slsoreditelt, turn. r 1 10
John Warner, I:iindon, Essex, shop-keeper 1 1

DIVIDEND.
Thereat Pyne, Suuthwark, victualler IS

COURSE OF EXCH
Amster lAm .... 58 4 24U•
Ditto at S,ght .. 37 7
Rotterdam 12 1
Han burgh.... 16 .1 21,15.
Alton 56 4 2411.
Paris
Ditto 2 Us 25 18 I DULL lON.
Heurdeaux
Madrid
Ditin A etg-ct. Doubloons 0 0 0
Cadiz —in paper' New Dollars
Ditto
Rilboa
Leghorn
Grimm 4S LIT.Pie. Si per Cert.
•
Dublin on London( Hay 23) 1! 12i
Belfast nn London May 98). • • • 61651
Beirut on Dublin May II) 441 61 diays.

ICE. Tuitoo.v, M 4 T 19
Venice .. -.9 I.iv Pie.
NIIPle•
Lipboa 6ll
Oporto 6ll
Dublaa l7

I. 1. 4.

rincti W.V F:it AT LONDON BRIDGE THIS DAY,
41, 49 mill. aker

MARRIAGES.

Ou Thursda♦ law, atNl;;no---uth,hir Iferuy Parry, to Miss
Elua Powell, daughter of William Powell, Esq. Mayor of that
borough. _ _

At the Lord Advocate+, Granenn, Scotland, on the 25th
rurrent, Thnnta. Kirkpatrick, Fan. elde+t 4...1 of Su James
Ki kdatricic, Rot. to Mist Jane Shope, daughter of Charles
Sharpe, Eel. of Houldum
At Stronmes+, Scotland, Mr. WilVant Strang, of the island
of San.llv, to Mils Anne G. lir+, eldest datnikter of Mr. Dr-
rid Geddes, tnerehant in Strom nes...