The British Press; or, Morning Literary Advertiser.
London, England, 1808-04-27 00:00:00

of reavition. t;ic Act of hr

It bud beru thr• nit, mon of Lord :'.: :Air. Lord
Wellesley. amid (it isrrs whn - -,•
fortselhotb th4t there was every
el' novisieg the Aet. The E.a.t i.
were sow nig nu a trade in 11.41,1

,n.r,- .:

G%evir

l.ompau

:tont a

earpiev rtreteue it home t.% ttelann.ht oran
mitred. 'Tit trade wa, therrio v. a 10:31., rse.
liecomuin4 wore mut Triol.• •4)
li11;. -..

% • i.% tt* of T.IC

,tsr i:a-

odia, tatSerrepadiLs of all Lic.t:-Ii •ts

1. I—tale

&hese circumstances, he thought it Lenore the duty
of this Convey to adopt sopie.measuces for trans- ,
ferring, to our own people that vast proportion of
American tntdc, which WWI tunas b 0 peellklieial. It
was certainly the duty of the Ilona.; to inquire into
the dividends the Ummialiv were making upon
zilch- stock, for it appeared, that tlwy were bor-
rowing money h. re and there to pay those divi-
dends, sehieh the law prescribed should he paid out
'of their profits. This was surely a most corny-
divary course proccr g; and, 1111:kr gut h en-
culastanees, the dividcods ought caber to be re-
titntined, or striped *lt oAether.
Sir Join NEWPOUT 1:11‘1, Ile considered this as
nu Upplielaiall ,or a and a-, if granted, it
would conic out of the funds of Ireland. tor well as
of this country, he could tint help objecting to it.
Ile had authority tie- saing, that ranch rhea rly
, went nut of that country to the India Coninsily,
withou: any possibility of it,. inhabitants deriving
1 any benefit, aersuillitg us the set oats framed. lie
therefore tiought the Act in question ought to be
I revised an -1 altered.

Mr. GareeT tehetered, that if he had uuderrtood
it to be the custom to give a miner fur preeenthig n
Petition, h • certainly should hale dime vo ; but
he uudereto el the contrary to 1w the nears of
limn:cut. Ile thonglit limey of the oh or
made were either prenetture, u 4 they tended to the
prejtubce of the Company. The advautaiees ise-
cribird to th • Ainericaes in their lielian trade could
not be attri .uted to any thing else but their neu-
trality. n was tie Amer; :aa trade to be
stopped by as y of our .assurer' Even although
the lodian t• to Le rendereil perfectly free,
the uelvaut teem:. effeete of the! Aittel4llll neu-
trality woo .1 'dill remain the saute. When thi.
wb~trt alt .uld mute 11l hire the I louse tOr
full diveuvvion, he wauld sent ore. to say, tied
the eviden a would preponderate ageinet a.iy
thing alleged to the eoutrary. The Treaty of
1794 haul o wren:a much te. prevetit our ovencouneg
the prarnici .us effects of America., neutrality 'lent
our trade. and it was, not theneiare the fault of the
East ludi Compete to winch that American trade
was to be amribtel. Ile peens. against the linove
funning any premattire opitiirm upon the Com-
pany's atT.irs, awl thought it was calker irregular
for is Me INT of that Co, ~,,, ittee to state lily senti-
ments More the Report of that Committee was
given in. With respect to the obeevutimie made
at to the Dividends. he thoovitht they were roost
mischieV sus. The Company Ind already the Sane-
Coot of Parliament, to prove they had a right to
pier the I livelemide iu the way they del. It would,
therefore, be itniiet to suspend the pa: menu of
them, or to enter into any investigation of them,
before the documents were la fore the Home.—
Without entering further upon the rat deal, there-
fere, he hoped the House would be of opinion,
that this Petition ought to be referred to the Com-
mittee up leaire.
Mr. PONSOMBY said, he did not .olieet to this
Petition being referred • a Committee, but he
should not pledge hint elf to approve of its sub-
stance or matter, nor it thr decision of that Com-
mittee upon it. It might, perhaps, be right fur
Pnrliament comulyete• it tui,tht be wrong ; I•ut,
at ail events. it was dear, that the sum sought for
was uot to b considered as n Lem, but as ■ gill, to
enable the Feast India Compeny to pay their divi-
dends and sneport their tredit. it no doeht re-
quired tl.e tallest investigation ley dot oenefits, and
even• information laid Cefoie the Howe. before it
could he determined whether it would he wise in
,Parliament to break, as it were, the Fast India
•Compauy. by allowing their affairs to be thrown
'into ? Ile was sure of this, that a her-
ever the House aboald do, should Le by making
such al effusion of ksiowledge of the Com-
pany's a fairs, us would infanta the nation as to
whether it was for its advantage or hot that the
Comps iy should he coutimsed. After the Report
was pr,veatral, he hoped that some lion. Aleusher
would .uof e for its being printed. as well as all the
. docent lit- revineeted with it, iu order to enable
the co eery to uadeivtatel the ei •-tion ; for really.
in our et state, there simnel Is an read of all
delueitia or mat:lumen*, before they vuted to that
Company the sten of 2.400,0011. wrtha it knotillly
whether it would render them a permaaeut and
solvent Coin piely fur ft', rs,l/.1151 benefit.
The CIPANCELE9r: atilt- Cm tutor ea said, that
iv leerier it mieht be his fluty ta. wove tipoil the lie-
! port of the Crenusitte-, mu-t depend entirely upon
the state of the cue tiaoc should make oat, as to
Cie film:wild roar-ern:, of tile emapaiiy. The furin
of •eivitte, a meice appeared temenesary upoil bola
occasion, a+ .t was barely 1.1 any poi...t of tn. .v
U•rfttl the House to put the case into a
Mute -f inquire It appeared in him to he :ia un-
necessary qualification in the Right Host. Geiftle-
man, rtating, that although he fleeted to tl.c re-
ference, he did not rnean to ear omit hensief
as to hi. opinion upn t its merits, as to p rvonv
could possibly commt themselves ee1.... sudi eir-
euumetasices. till they knew the nod! of an inroir.
lie adverted to this pi-tit-Air.a2 he ass awa-
nisheil to tind the same CICII
proceed ininsediateiy to express 33 _
asserting. etmngly eel d.ridedly, that he thou elit
it wav a gift that the Company were se.larii.: far, ex-
preesly for the purpose v 12611114 then. t, meet•
a ills i.letel of tee per ct nt. out of the pnelees a; the
subj ctv. It appeared to him taut till, as wit ir
'filar manlier of eSpre4,,ing the wale
time that the Right Hon. Guatleman haA
mated his intention net to this se.. Was it to be
seen stated in ti: .t that the Eve finha
Cout;artny. so far frsisa iwii;111; this money as a
isetisal!y stritei were creditor: I.: the
public to a very* MI I $ anian•it tie h.,
tiered that is mai ffeto rally r. ft
Cae.• were iteeiv tieliett <i!. of ti10:‘&4:1:1&

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