The British Press; or, Morning Literary Advertiser.
London, England, 1820-06-14 00:00:00

for to-morrow, he would put off his motion on the
Polbject to which the Petitions referred, and which
'notion stood for to. ~,,,, fore, till that day se'imight.
Mr. RICA COO moved for various sternum. to *hew
the state of the wine and spirit trade, foreign and
colonial, from July linG to July 1919.—Ordered.
On the motion of the Cnaucettna of the EX.
HIQUER. the Order of the Day fur the third read-
ing of the M otiiiy Bill was discharges!.
Loril NcGVie, in looking over the paper' for to.
morrow. observed that there were eight notices and
three motions which stood for to-morrow. It being
the regular notice day, the novice of the Right
Ilan. Gentleman would 'tend ninth on the (is'. It
iiir;el his intention to move a reduction of the 'somber
vf mtai in the Mutiny Bill to-morrow. lie esi,lied
to know if the Right Hon. Gentleman would allow
II:. notice in have precedence?
'l'he CIJAWCRLLOR of the EXCHEQVCR signified
that it would he inconvenient to assent to his Lord.
slop'. proposition.
The Morisse Rlutioy 13111 third reading was put
off till to-morrow.
Lord BINNING moved, that the Acts for the
regulation of the Colony of New South Wales
should he entered as read, in order to be taken
tato croa.nleration.—Ordered.
The Limerick Election Petition was put off;
.v... 14 to the moice of yesterday, to Tuesday,
The CHANCELLOR of the EXCHEQUER brought
in the 13.11 fur raising • loan of live millions by
annuisies.—Rood o first time, and ordered to be
read • second time to•mottno.
The CDS%CELI.OR of the EXCHEQUER postponed
his motion for a Bill respecting the examination of
public accounts till Friday.
Mr. CALVERT brought up the Report on the
Bakers' Regulation Bill.—The Bill was ordered
to he engrossed. and trail a third time to-morrow.
Sir G. COCKBURN gave notice of a motion for
instituting an inquiry into the state of the Navigs.
ton of the Riser Medway.
BALANCES IN HANDS OF TUC BANK.
Mr. Guam FELL, in rising to move fur the print.
log of these accounts, which had been presented.
and lay on the table. but had not yet been printed,
took occasion to express his sati.faction that the
warfare between him and the Bank of England
had ceased. He had only entered upon it on pub-
lic and political grounds t and though he felt great
pleamre in the cessation of hnslitilies, he should
feel it incumbent on himself still to bring any
such subject before the House whenever he met
with it. Hiving made these preliminary remarks,
he should proceed to the object of his motion. It
bad been proved by papers moved for in the last
Parlian.tait, and laid on the table, and which there-
'lore may now he consulted by any Gentlemen in the
House, that the balmier* of public mocey in the
Lands of the Bank during several years of the late
'vv., hail constantly been flout eleven to twelve
millions—the featly interest of which might be.
taken et 575,000/. a year. He believed that it would
root be said by any Gentleman that
dstiou had been afforded by the Bank 'to the public
rcuivaleut to the profits which they derived from
the use of so large a sum, or that thi'sdfrantages
to the public from the balances were so giest as
if the onblic business was managed by any private
bands. The loss which had been thus anstained,
was slatissusteil by • C mitten, Whichinchided in
its !Umbria some of the most able sod practical
mess that hid ever sat within the Mine of whom
Re might mentiou the names of Mr. 1-11.4. Thornton,
mid (as we understood) the Member for Corte Castle.
Are..riliugly the interest on the money thus locked
up in the coffers of the Bank, and the consequent
lons to the public, was calculated to 'Mount to
crawly pis hundred thousand pounds. Certainly
after that period the Bank made the public two
loans without interest, one of six millions, and tut*.
seqserstly soother of three millions. These cir-
cuisistaiwes clearly recognized 'the tight of the
public to have theie balances made productive to
it. Latterly, however, the balances had under-
:44w a ilimi tttt ikon to a very considerable extent.
Ile held in his hands a paper laid before the house
at the end of the last Parliament, which sheaved
that the eleven million* and a half had been then
reduced to four and a half. Since that a further
rerhictiOn had taken place; sod it would appear
fiom the paper for which he intersded to move,
tl:at from January last the amount had not ex-
ceeded 3,700,0001.; and the loss to the public
was diminished in the same proportion. The
diminution was calmed partly by the 'ethic-
too of the circulating medium, though the effect
produced in that way was not near so great as was
nanny *opposed. The principal cause of it was
to be asciibril to the attention paid by Isis Majes-
i3,s Concernment to the subject duriug the last
fouvor fire years. in proof of which he might re-
tier to the Act regarding unclaimed dividends.
Poevions to the passing of that Act, the unclaimed
s;.eidenols were allowed to remain its the hoods of
the Bank to any amount. but by it they were
Innitrd to a certain sum; so that now they could
neve., exceed, lie believed, one hundred thousand
1..•nools. A third cause woo to be found in the Act •
14 lass Session. for rendering the growing produce
of the Consolidated Fond applicable to the public
service. in virtue of the provisions of which the
briance,was now said to be reduced to two millions
ofelisirldftd thousand (sounds, though lie confessed
ribt.untli.rstatitl how that WWI made to eppear.•
Isle elsould now slate the obi-et he hail in view its
sUfmliitifig'the 'tuition. 11 a .1% to invite the Clio:
Ilor 'of the ExCherpier ( he was sort
in See ID 1116 i,l•4t) and liie Government sod the'
Illiiuse to ti still further iiivestigation of the sub.
jest—to examine whether the balances taight'ssisi'
be rendered still more. productive, Nobody wiernat
stony that this was desirable is the preseut
iii virile of our finances, o)wit they irate imperae
tisely called upon to manifest theit debit, os• eco.,
ninny and retrenchment, lint by professions 'snesely;
hitt by practical measures; and Ise Pitt it to any
acquaiatell sirtgotlie subject, whether these
lialapces viitt dot ramble Of Anther' teductiOw
enY' lujuvy to the Banks Ire *Olt it
to his Hounurahle Friend opposite? whether :the
niathilemiiit. 'of the beivisieis that leeto tireet-
isieure
of thesetialmiell was not -ono' the Mnst
r:n.t mid.' simple of all public' transactions=:
he (Nrw.Gresifell) tower t ' wes illeedrd with
les* fling& than 4 0840're:tank "fretent4stle' Iced
nett:44ns the Jacentint single
Atfteall the imptovenients which had titidocilit: