The British Press; or, Morning Literary Advertiser.
London, England, 1819-03-11 00:00:00

LONDON,
THURSDAY, rthacu 11, IMI9.

A very important communication was made la‘t
evening iu the House of Commons, by Mr. Ws.i.•
LEILEY PoLat respecting the future supply of the
silver curreuu•y. By a recent arrangement, the
Hank of England will receive from thirty to thirty-
tive thousands pounds' wet tli of silver courage. very
week, which it has been Cillctil,:ted will be found
sufficient for the general purposes of the retail trade
of the country. This arrangement, a huh is in-
tended to continence next week, will hr productive
of very great convenience, or, to !Mice the matter in
a more correct point of view, will remove the very
serious inconvenience which hes for tome time brim

felt, if not in London, at least in every other part
of the kingdom, fruni the great deficiency iii the
silver currency.
The Bill far enabling the Treasury to render the
Exchequer balances available to the public
of the country, was last evening brought in and rent
a first time. A conversation previously took plate
on this subject, in which Mr. GitENVELL, to alio,*
perseverance and eueigy must in justice lie stiri.
buted whatever is valuable in this mra•Ure, ex.
pressed his apprehensions that the arrangemeot woo
proposed by the CHANCELLOR of the EICHIOL ER
was extended to the balances of only one of the
various heads of account charged on the Con-
solidated Fund, and that the sum that might
thence be drawn could not exceed four millions.
He thence deduced that the CHANCILLOR of the
EXCHEQUER, in holding out au expectation of
having six millions available to the general service,
• bad only deceived the public by a promise he hail
no intention of realizing. The CHANCELLOR of
the Exciter:eat was nut present to explain his
measure, ■tid his place was very ill supplied by
Mr. LUSHINUTON, who seems nut to have been let
into the secret. Even in this stage of this business,
we cannot avoid remarking, that the statement made
on Monday night by the CHANCELLOR of the
EXCHEQUER, appeared a fair and distinct expori.
tiou of his imentions, both with regard to the extent
to which the balances should be drawn by the
Treasury, and the mode in which they should in
the first instance be applied. Ile clearly intimated
that six niillions would by this measure he obtained,
and that of these six millions, 3,309,41001. should
be applied to cover the arrears due on the Cons°.
lidated Fund, and :0_,700,0u0/. be handed over to
the Kink, in part payment of a sum of three mil.
lions which that body had lent to Government, with-
out interest, in compensatiou to the public fur the use
of there Exchequer balances, and which, in par.
unlace of the original agreement, became !mythic
whenever the right of using these balances should
be withdrawn. IVe vouch for the general accuracy
of this report, and if the CHANCELLOR of the Ex.
CIiFIUEIL shall so far swerve from the line thercia
defined as to withhold any part of the Exchequer
balances, so that the sum rendered available to the
public service be less than six millions, we shall have
no hesitation in representmg his statement as 4 dr.
liberate act of delusion.

But why should any limitation be ilaced to the
power of the Treasuiy, iu rendering the ESChe-
quer balances available to the public services ?
These balances vary considerably within the several
quarter., and as it is very possible thlt the emount
may in one quarter be less than the sum content..
plated by this Bill, the public, to compensate for
this loss, ought, in the event of a more prosperous
quarter, be suffered to enjoy the countervailing
advantage of a larger sum. In fact, the public
should possess the full benefit that ini6lit by any
possibility arise from the principle of this measure.-
No evil could result from it, as may be *hewn by
the uniform practice in Ireland.

How the six millions now obtained ought to be
disposed, is a fair question fir Parliament to con-
sider; but in our view of the subject, this money
could not be disposed of in a better or mere pro-
fitable manner, than has been suggested by
VANSITTART, milers indeed the Bank could La
induced not to require payment for another
year of the three millions, which on the paw-
ing of this Bill of right becomes payable.
In our present financial embarrassments, an at-
rangement to tins effect would be a serious ad-
vantage to the country. The arrears of the.
Consolidated Fund must be paid, and it mat-
ters not whether provia:on be made for them
in the Ways and Means of the year, and be op-
posed on the credit side of the account by
3,300,0001. drawn from the Exchequer behove.,
or be paid at once by this sum. The only
dtHrr-
euce would be • diminution in the sums total ; hut
as this diminution would lie equal on both side. of
the account, the result, of course, could nut be
directed by it.

Yesterday R Court of Directors was held at the
East India House, when Caplan' G. Tots,' vr
was sworn into the command of the situp eipuils.
consigned to China turret.
The report of the two new frigates which hid :tr.
rived front the United States at Buell/is Ayres, hiv-
ing gone round Cape Horn to join Lord CuciißA 1..•4
fleet, is incorrect. We Itave seen a letter from tit,
Chili Deputy at Buenos Ayres to hi. Correspondent
in London. dated the tith December, iii ‘Oncit !-tt
distinctly says that these two frigates still remain in
Buenos Ayres.—(Erening Paper.)
• The Report of the.Cominissioners for the I terrinz
Fishery, of their procreillog. I,ir the year
the sth April, 1810, has been iiiinted by order of
the House of Commons. It conch tides with statii..,!,
the Commissioners think it is apparent that I, r
character of tht British Fishery is rising both at
home and abroad, for %slide the quinitity 01 herrio.:4
clued gutted is multi:illy Mete:hinge the quantity
cured tingotted is every year diminishing, and that
the deinmil hes kept pace with the iitiaittity thee
gut. They have also to mention that w 1.11,: the
export :two to the Cootititut or Enropel.",..-aay
eiptalled tl.at of the preceding !ear, and the
eitpintation to Ireland and the West liii.i.•• line
socreaseil, a new mat ket Inn; opt-terd Ei4
Indies, to which different sitipirteiti, tit le.r.
rings have been made kith trim 'lock and
London; from the former wed' but
the result of the litter is net yet kuouti,
trust that India svOl !nom become it itertnatn-iit
sud valuable market for the consuiniaiou of II: ics'a
herriegs.