The National Register.
London, England, 1819-05-10 00:00:00

NATIONAL IttGlSTtn.

hill for the better regulation of the granting Lianas to
['Oilcans.

Mr. BARN Fri' (of Rochester) and Mr. G. Larsn—both mse
to second the Moduli, which was afterwards put and agreed to ;
and Imre accordingly given to bring in such a Bill.
The remaining buanms bung gone through, the Bourg;
adjourned

TIIURVTIAY, NAY 6.

After snme routine but•iuems

Mr. PC EL prearnted the Report of the Select Committee
relating to the HANK AFFAIRS,and the prop, irt, of
retaniiing Cash Papneirts I whit h t as read by the Clerk,
after some converhstion as to the woosj,),) of part. of it nut
esirminl .1) the prehent hodeisthioling of Ow main puiuie. It
ems of immense tenAtlil and uct owed neatly an hour and a
tot f in the reading of d.

The Report commeoced wish statioira that I lie first ohjt et
or the llrouuittee %Vim to enquire What iononnt of notes the
Bail:: h.Ol out, and wit it 111C11118 of pa) tog them sere WA •
swede the amount of notes were found to he 33,831,0001.;
to meet soca aliments sucluditig Goversmient Securities, the
Bank. produced means to the extent of 39,0 0.01) 1. and
upwards. This left a suit of upwarni of 5,000,1601. its
humor of the Bank, exclusive of what would he pnyable
(14,000,00 M we !hulk) in toe event of resum log the Charter.
It then whetted to the price of Bullion since 1797, and to
the partial rC-.,,M114h0t of pas unlit in specie lit 1818, to meet
*eta .to small too,. 1 ice millions and ut half in gold specie
was thus netted Ina e.m 11117 and 1519, and further issue was
rest ted ; lot it it as Mond iliac the gold cuts exported, and
melted dawn 1.. y foreign countries. It next mratioiled the
debts die to to Batik—the Acts on the subjet t —adding,
(Hitt the repay torus sof tile sums liorrolied by GoVernotrist
Wei,' micro:try 1 reptant tit y to the resumption of cash ILO'.
171,01§, 'l' lie amount of those advances was 0111• of the stun
impediments to the resitinp. ion of cash payments, and the
Ciimmittee, therefore, le: isaled sepay mem as one of
the 1114q11111 to enable toe Batik to be prepare.) 10 rear a cash
payments. Respecting the espediency of resuming cash
p.tttwenls, the Report weal into lengthened detods itiferraig
to 114C11111e1111, 111 au appendix, and adding, that the issue of
Batik Nuts had been reduced some millions. After a full
comideration of the circutnitance--the debts due to the
Bank—the price of Rohl )))) , &c. the t: iiiii Mater %tete deci-
dedly of opinion, that it was expedient 141 continue the
restrict. beyond July s.—The 17,1E1 vim nits, when
r.ush payments could be rent •J. The amount of speck to
circulation before the *or was concluded In be 30,000,0 01.
but all that 110111U111 had Wren exported.—lt was considered
by Mr. Raring, &c. that fatty-her million pound* in Specie
would be requisite to supply a metallic eircalietion—but all
that 611111 would not be wanted at mice After noticing the
inconveniences that had berm experienced in the Country by
payments mid receipts to Cash, mie Batiker, Mr. Stuckey,
stating that 'totes had been Imre, led. and it hail cost much
In remit the specie to London ; and utter meat' • g the
titans of other Countries to restore metallic for paper cur-
rency which advances the price of Bullion, it expreised the
opinion that the ultimate complete resumption of Cush Pay-
ments must greatly depend oh site state of the ElChillyS.-
ICir supply that the Bank could have would %O ire. if they
were obliged to pay gold at the rate of 3/.175. 10111. per
moire, so loo: H. parties could ;:ttin 5 or 6 per cent. by tit.
porting It. The excliunges wer, non sturtivourable, in con-
sequence of p...nie lo.eign Maus $ but, however, unfavourable
the exchanges might be, the C e saw no rea-on why
payments should not he made at rates apprOtllllllllllA 1111 the
Axed prices of gold. Tire C004441111Ce therefore proposed
that there should he a gradual resumpt of pa) men ti
ac-
cording to the following scales—Atter Felauur), 1520, till
the following October, the Bank should pity bars of not less
weight than 60 ox. us the rate of 41. Is. per nuttier 1 from
October 18:0. till May 18t1„ at the sate of 3/. 16s. 6d. per
miner; and utter May 1021, fir two or not execedin,; three
sears, ut the old rate of 3/. 17s. By this plan, the
sending bullion nut of the comm.) nmild be reptile. ed un-
profitable; and the ;mimeos su C rendered gradual,
which would prevent %oddest chains nil rnmrqueutalarm.—
This they thought would remote oriier and hormone; and
eventually a standArd would be established less variable
than what had secently been known. On the subject of
forgeries. the C tee did not coitellide that the temp-
tation to forge ...cid lie dinsiaisle dso limas as ;be Nudes
were in 101 l t tavola ; but they could col 11111 l micate that
the system which had berm lor some titne iu robluniplation
would be ready to be acted upon in about three mutillis.
That ssocill alibi pled hopes for being extensively useful,
as it would especially give to the public a greater facility
in de eetiog forgerics.—The Committee afterwards re-
commended the repeal of the law which prohibited the
'aperitif of coin, and made is a transportable offetice,
because it promoted p. dory, and placed the ciolater of
'kr law in a sittiattott better than the test or 114 e y.
The Report next Raves tril to the issues of Country Bank
Note., the avers.ge agvecate uninout thong taken at
Y 9.000.000/. Itl, iu conelasion, they admitted that it was
difficult to norm lain the amount.

Mr. PEEL moved, ihat the Report do lie upoo the table,
and he printed.
Mr. TIM:IVEY a;ked what projects the Chanrellor orrhe
Eschewer r had to propose—whether he lied plate, I. sub-
mitto the Howie—and wheU..•r lit 51e.111.1 or tent re,ort

The CHANCEI.I..)it or the I.". CIIIEQUk.R begged to de-
dine limiting any replies now mitt alostaiii fetid pre-

Mr. Ttruvev said, RA Allell wall the CAM,. he now gave
notice. that on Tuesday. the 1811 i instAut, mild wove
that the tionse do resolve itself 11110 R Get ttttt titer " on
the Stale of the Nation."—(Much Cheri ing.)
Repntt ordered 10 he printed. %Ir. Peel °lose' ring, that
it woußl be early in sit or sesett nt eks.
. .

Lund A. li.t kivenn's motion te.peeting the Srateli
Bittglis, being disposed or, the Ilottbe ailjuui tied at a late
hour.

FRIDAY. MAT 7.

BANK AFFAIRS.—Mr. PEF.L cave notice, ►hat on Non•
day, ;Ray 17, Iteshousld move that the 14111114 C resolve itself
into a Committee to take into consideration the Report
teapectine the Bank Reallietians, ate.
The Home, on the tomtit'', of Lord Coadereach, waa
orde►ed to adjourn to Monday neat at its . tit ; and it
was also ue dered that Committers should sti with itliskaticl-
ink, any adjournment.
ELECTION OATHS.—Mr. W. WILLIAMS moved the se-
cond trading of the Election Oaths' Hid, lhr ofjert of
which was to prevent those practices which the House