The National Register.
London, England, 1816-02-19 00:00:00

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Mr. WANserranv said, at that late hour, and in the thin state
the House then was, he should only move the usual Taxes on
Malt, Sugar, and Tobacco; anti a stint of 11 millions of Exche-
quer Bills, to replace a like stllll outstanding and improyided
for. He then moved Resolutions to that effect; which were
agreed to, and the Report ordered to be received to-morrow.
—Adjourned.
THURSDAY, FEBRUARY 15.
Three petitions were presented by the Sheriffs of London.
The first prayed for the modification of the City Tithes Laws ;
the second called for the aholision of Muck Auctions ; and the
second the repeal of the Insolvent Debtors' Act. Read, and
ordered to lie on the table.
On the motion of Lord LYTTLETON, a new writ was ordered
for the Borough of Stafford, in the room of Earl Gower, who
had vacated his seat, by sitting and voting in that House, with-
out having taken the oaths required by law.
Mr. Lyrni-rroN afterwards obtained leave to bring in a
Bill to relieve Earl Gower from certain pains and penalties to
which he had rendered Io i 11l self liable, by sitting in time House
without having taken the regnlmr oaths.
_ .

Mr. 1/svis "presented a petition from Bristol, praying that
have might be given to bring in a Bill to establish a Court for
the recovery of small debts above 40s. and under 131. The
petition was ordered to be referred to a Committee.
LATE i RANSACTIONS iN SPAIN.

Mr. BROLGHAM rose, pursuant to the notice he had given, to
offer to the attention of the House a subject whirls he held
it bound to take into its most serious consideration, by every
principle of honour, justice, and strict political prudence. He
was sm e, flint In opening this question, be should be spared
the disagreeable necessity of calling on the House to follow
lam through any great length of detail ; as that which he had
to mention was too notorious, and had already operated too
strongly on their feelings, to demand that he should press it
much on them now. The Hon. Gentleman quoted many cases,
in which, be said, this government hadpiterposed is the con-
cern of other states, and added, if in these instances the House
had interfered for those to whom they were bound by no cam-
Man tie, save that which binds all mankind together, surely
there could be no reason for refusing it, when it was claimed in
favour of the unfortunate Spaniards, with whom we had been
united in the Council and the field. It would be recollected,
that in inr.n, Admiral Apodoca, the nominal Minister of Fer-
dinand, but really exercising the power of the Spanish Junta,
concluded a treaty, ith this country on behalf of Spain. This
treaty bound England never to negociate a peace with France
to the surrender of the rights of Ferdinand ; and Spain en-
gaged never to make a peace without the concurrence of this
country ; or, in any ease, to conclude one against its interests.
Some time had elapsed with various fortunes, when negociatiorw
were entered into with the Spanish Government, by Lord
NVellesley ; [and here he offered the trihnte of his admiration
of the enlarged, liberal, an.l statesman-like views—of the
cogent reasoning mid persuasive eloquence which had dis-
tinguished the notes of that Noble l.urd, and which had re-
flected so much ilOnOitroll the principles of the British Govern-
ment.) The great object of the negociations carried on by the
Marquis of Wellesley had been this—to assemble the Cortes.
His language bad been, " Cell the Cortes—do not be satisfied
with an imperfect Representative Body unknown to the con-
stitution of Spain ; but call the Cortes at once, and let them
take the whole state of the country into consideration, and
effect the necessary reform in your system." In consequence
of the great efforts made by the Noble Marquis, the Cortes
were called together in the coarse of a few months, and a
Regency was appointed. Of the individuals who formed this
Regency (all the 31embers of which were selected from our
interpositiou), two had lately been sentenced to punishment
he Ferdinand, mid were to be found ii tke black list of his
victims. These were part of that Regency who had maintained
relations of amity with as, who hail made common cause with
us ; the interest of Spain being considered the interest of Eng-
lind.und the resources of England being liberally resorted to
in order etteetnally to sustain the cause of Spain. The real
Allies of England were the Regency and the Cortes ; they had
straggled far the liberties of their country, when thay were as
ignorant how Ferdinand was employing himself, us he believed
every one in that house was careless what might ultimately be
Lis lute. 'Towards the end of tire year 1813, or the beginning
of the year BM, wilco the power of llomiaparte began to totter
all over Europe, a treaty was begun between him amid Feed -
nand his prisoner. By this treaty he bound himself to remove
the English army from Spain, an the French army being with-
drawn; and, in a word, en-operated, as much as was in his
power, with Ruonaparte, against this country and its allies.
Such confidence had Napoleon in Ferdinaid; that he imme-
diately softened kis prisoners to go at large (sensibte, perhaps,
that he could not do a worse service to Spain); and what did
Ferdinand do on this occasion Did he revoke the treaty if
Valency? No. Did he bastes to Madrid? No, he avoided it,
and retired to Valentin, after refusing to siva the Constitution,
*ad in recoguise the existing authorities, rid:soot IV itig the

..,.......,r „, ~,... „..„,„ ~„ ..... . ~,,,,... v. agau paonns 11101 ............,.... tam iteese agreeu in imploring, tile course which
a
the House then was, he should only move the usual Taves on been sentenced to two years' imprisonment, and others were the Hon. Gentleman had taken, was the lust to be expected
,
It I Malt, Sugar, and Tobacco; and a sum of II millions of Exche- ordered to confinement for a longer period. One person, a poor
from a man of his understanding.-His Lordship stated, that
i quer Bills, to replace a like aunt outstanding and improvided tradesman, who had proved himself friendly to England on all from the first moment of Ferdinand's entrance into Spain
I • for. He then moved Resolution' to that effect; which were occasions, and who had been active in promoting political British Ambassador, Sir Henry Wellesley, had applied to' the
bins
agreed to, and the Report ordered to lie received to-morrow. discussions on the conduct of the Government, was sen. °ibis own accord, and afterwards, with the full authorteatiou
e - Adjourned. tensed by these tribunals to four years' imprisonment,- of Government, to induce him to accept the Conant ution of the
dTHURSDAY, FEBRUARY 15. ii went i. said Ferdinand, on seeing this sentence, u only Cortes, and to show lenity towards the Liberates. If any fault
Three petitions were presented by the Sheriffs of London. four years' imprisonment, for a wretch who had presumed had been committed, it was in g ' g farther than the rights of
s The first prayed for the modification of the City Tithes Laws ; to speak in public on polities.'-(A laugh.) He immediately an ally justified. It had been officially notified to the King of ,
,
the second called for the abolition of Mock Auctions ; and the andertook to revise this sentence, and, taking is more en- Spain, that no money should be paid him, neither was any mo-
n
second the repeal of the Insolvent Debtors' Act. Read, and larged and legitimate view of the subject, he immediately ney paid him, in consequence of his conduct, with the excep-
r,
ordered to lie on the table. struck out the first assigned doom of this nufertunate man, who tool of 4000 dollars fur table-expenses during his journey from
I- On the motion of Lord Lyrrtecrott,, a new writ was ordered was a cripple, with his own hand, and ordered libn to be France to Spain, si Melt had been advanced at the request of
ly
for the Borough of Stafford, in the room of Earl Gower, who hanged. (Hear, hear, kw.) The public, however-he meant one of the chiefs of the Liberates. The representations in be-
e had vacated his scat, by sitting and voting in that House, with- the scam of Madrid, with whinn Ferdinand was popular-(a half of the persecuted, who, in their day of power, had also been
it out having taken the oaths required by law. mournful proof of the assertion that that country fares ill where persecutors, had nut been confined to this country. The Mi-
d
Mr. Lerrerroe afterwards obtained leave to bring in a the Monarch had the mob for his ally), even thole, his Majesty's casters of the three great continental Powers, our allies, had
Bill to relieve Earl Gower from certain pains and imualtios to own rabble. had rescued this poor man from death, and the been instnicted at the Court of Madrid ; and the present mu-
which he hail rendered I. i ... self liable, by sitting in the House punishment had in consequeuce been commuted for imprison- Coil was likely rather to defeat than to forward the views with
' • without having taken the regnlar oaths. ment for ten years. While speaking attic cruelty of the punish- which we had interfered. As to V eneral Whittingbam, who
It'd distinguished himself in 'ever'! battles,and
V Mr. Davis presented a petition from Bristol, praying that ments inflicted, he thought it might be proper to mention the sacrificed
le
11-511 t might be given to bring in a Bill to establish a Court for name of the virtuous, the patriotic Arguelles, whose Mte could brighter prospects here to the cause of Spain, which he had
v
• the recovery of small debts above 40s. and under hil. The not be contemplated but with pain aud indignation. Arguelles, espoused at its earliest dawn, was he to be blamed for obeying
I.
IP petition was ordered to be referred to a Committee. the most enlightened, the most eloquent of the patriots, whose the orders of his superiors, when he did not even know what
,
l e
LATE eItANSAC'fIONS IN SPAIN. eloquence had always been devoted to the right cause, who has their object was? On these grounds, be never found himself I ' I
is • i Mr. Beoconem rose, pursuant to the notice he had given, to always raised his voice In praise of liberty; In favour of the called upon to give a inure partuuoteat or stronger negative to
--(a ttiguds a IT.dsalawnini'llifdo reason why interference should
offer to the attention of the House a subject which he held alliance with this country; against the Inquisition, and against anLiiridotijo.n.
w
it bound to take into its most serious consideration, by every the African Slave Trade; Arguelles was .nondaraned to serve
e-
' principle et' honour, justice, and strict political prudence. He as a common miteter to the gerrison of Cestiingewl had been sent not he cnrrieda little further.
e-
was stile, flint In opening this question, be should be spared to his pestilential dungeon on the coast of Africa, within sight Alderman C. anent, on the authority of letters which he had •
u
the disagreeable necessity of calling on the House to follow of a fortress belonging to this cuuutry-that of Gibraltar. It received from the most respectable characters iii Spain, ea-
W
11/ m through any great length of detail ;as that which lie had was now for the House to determine, whether this wasa cause pressed his conviction, that the people of this country were
to mention was too notorious, and loud already operated too which called for their interference. He had shewn that this quite mistaken as to the state of affairs in that nation. Them
strongly on their feelings, to demand that he should press it country had interfered times oat of number in other cases; at was not a more popular monarch in Europe, nor one to whom
it much on them now. The Hon. Gentleman quoted many cases, this momein an army was maintained in France for the express his subjects were more devotedly attached than Ferdinand,
rt in which, be said, this government had,nterposed is the con- purpose of interfering in the concerns of that country, us they Gen. MATHEMs said; that F—d was a a—r, an odious
cern of other states, and added, if in these instances the House had it under the band of the Noble Lord opposite (Lord Cas- and detestable in--r.-(Langliter.) The speech of the Noble
d had interfered for those to whom they were bound by 110 corn- tlereagh). This interference was most extensive, and the Lord was intended by his Lordship to close the mouths of all
e, non tie, save that which binds all mankind together, surely whole French police might be said to be under the control of those who were not on the same side of the House ; but no-
g there could be no reason for refusing it, when it was claimed in the Mike Cl' Wellington. It was then for the House to say, thing could be said by lime Noble Lord to shut the mouths of
a favour of the unfortunate Spaniards, with whom we had been vitae this line of conduct was pursued iii one quarter, whether those on his (General Matliews:)lsitidye‘o%olutidlie.
It
-1478 u: et'hOeri rtov voice'
e• united in the Council and the field. It would be recollected, we ought not to use uur weight and influence to relieve those their opinious.-(Las:
that in ISCM, Admiral Apodoca, the nominal Minister of Fer- who, by maim; in concert with this country, had been brought against the in acts of that iniquitous in— r F---- - il,
.11 dinand, but really exercising the power of the Spanish Junta, into distress elsewhere for the good faith which they had ob- whom lie hoped to see hurled from his ill-gotten and blood-
i- concluded a treaty. ith this country on behalf of Spain. This served with us. stained t—e.
J. treaty bound England never to negociate a peace with France Mr. Bnoteitem charged Ministers not only with total in. Mr. BENSHrr defended the conduct of the Liberate's, who
ie to the surrender of the rights of Ferdinand ; and Spain en- difference to the fate of the Cortes and Liberalea, but with bay. bad not acted against the interests of this country. He mon-
d' gaged never er to make a peace without the concurrence of this ing paid the troops which Ferdinand employed ageinat them; tamed the right of interference on the partof the House. Me
I- country ; or, in say case, to conclude one against its interests. and promoted the officers who executed hia orders. In eau. also should‘like to know what person, or what Minister, bad
n Some time had elapsed with various fortunes, when negociatiom lug for interference, however, he did not wish to break the re- counselled the sending the Order of the Garter to Ferdinand
a • were entered into with the Spanish Government, by Lord rations of amity which subsisted between this country and a VII. although, to be sure, an honour had been received in
iy Wellesley , [and lucre lie offered the tribute of his admiration person of the sort he hail described. lie did not mean that return.
iu of the enlarged, liberal, and statesman-like views-of the threats or menaces should be resorted to-lie did.not mean that Mr. BROUGHAM perceived, from the declaration of the
n cogent reasoning and persuasive eloquence which had dis- we should tell him what we had effected for his interest and se- Noble Lord, with no small astonishment, that the country hid
it tlnguithed the notes of that Noble Lord, aud which had re- curity-which would be ungenerous-tio-he wished that an interfered all 11100 g, 1001 sent instructions to her Ministers, and
if fleeted so much ilolloilroll time principles of the British Govern. appeal should he made to Ferdiaand's apprehensions. He wanted in nothing to the unfortunate Liberates ;in fact, that
it I ment.) The great object of the negoehitions carried on by the might to be led to consult his own prudential policy-a prinei. the object which he had thought to gain by his motion, had al-
ii Mureuis of Wellesley had been this-to assemble the Cortes• pie of which he did not suppose ham destitute. Suck a lessen ready been attempted. But how could he divine that such
I- His language bad been, " Call the Cortes-do not be satisfied should be given as would make him reflect on a great aud seri- was the reality ? When a notice had been given, and some
d with an imperfect Representative Body unknown to the con- 00S truth, which he (Mr. Brougham) would express, nut in his conversation had taken place on the subject, the Noble Lord
II . etitotion of Spain ; but call the Cortes at once, and let them own words, but in the words of a Minister, who had sejlispered bad preserved a dead silence, for the purpo‘e, no doubt, of
.e take the whole state of the country into consideration, and it in the ear of one of Ferdinand's predecessors-" that His eiitrappiug his opponents by their sileuce into the presets( Inti.
effect the necessary reform in your system." In consrquesice Majesty had but two enemies- one of whom was the whole lion; which he should not press if the interference of Govern.
st of the great effort* made by the Noble Marquis, the Corte' world-and the other his own Ministers r' lu conclusion, the meat had taken place after December, when the last violent
ii were called together in the course of a few months, and a learned gentleman observed, that, happily for the interests of PrOrePtilOgOiFertfillalleiagaiwst the Liberalestad occurred ; but
Regency was appointed. Of the individuals who formed this humanity, there was one place in which the trntlenight boldly the results of our efforts iambi not then be known. ft' before •
it Regency (all the Members of which were selected from our br spoken-where the crimes of Sovereign.; 'nicht Lc arraigned that period, he would persist in his motion, as it would be dear
1, interposition), two had lately been sentenced to punishment -where the oppreased alight be vindirateteand nit ir oppressors that the exertions of Government had failed,
al by Ferdinand, cud were to lie (Mind tot tke black list of his railed to an account-and that piece was, the COllllllOll3 House Mr. W eeteetry POLE maintained, that his Nubble Friend
' victims. These were part of that Regency who had maintained of Great Britain !- -(hror.)-1-le then moved- had closely mated, that from the moment of Ferdinand'' en-
e relations of amity with us, who hail made common cause with "'Chit ail humble mistress be presented to the Priam Regent, trance iutu Spain, Government haul used its best offices in fa-
us : the interest of Spain being considered the interest of Eng- entreating Ilia Royal Highness to take into hi- gracious ennuis lour sit' the Membei sof the Cortes and the Liberates. He .
Intil.und the resonrces of England hang liberally restored to duration. th- sufferings of thelate Spanish Regency and Curtis; therefore wondered at the surprise the Hon. Gentleman had .
in order etfeetnally to sustain the cause of Spain. 'file real and representing to his Roval Highness, that the Allinnee at expressed. It was true, that he had not a scat in the House last .
Allies of England were the Regency and the Cortes ; they had ',resent subsisting between his Royal Iligacss and his Catholic year; but his friends ought to have informed him, that two or
e struggled far the liberties of their country, when (hay were as Majesty, affords the most favourable opportunity for the inter• three times during the last Session, in answer to a Member
e
ignorant how Ferdinand was employing liiinself, as he believed ferenee of Great Britain, with all the weight which belongs to now no more, be (Mr. W. Pole) bad explained, that from the
t-
erery one in that House was careless what might ultimately be the country and to the sentiments of (bat Home." moment Sir Henry Wellesley had met the King el Spain at Ve-
y his fate. 'inwards the end of dn. •i•sir 1813, or the begiuning Lord C4STLEREAGII.---iN the whole course of his parliamen- lencia, he had left nothing untried to persuade him to accept
i- - of the year lett, when the power of Boottaparte began to totter tart' experience, he never recollected to hare met with any the Constitution, and to treat the Liberates with mildness. It
ill , all over Europe, a treaty was begun between him and Ferd - thing that surprised h•Na more than the native of the motion was theretbre hardly possible that the Gentleman opposite
e nand his prisoner. By this treaty he boned himself to remove wi;h which the lion. Member bail conclusteribis•epeeeli. The should not have known the coarse adopted by Government.
.•
the English army from Spain, on the French army being with- lion. Gentlemen, although he had entered so wick at lorge The Liberates theniselees were constipate, that all that was
drawn; and, in a word, en-operated, as much as was in his into the doctrine of interference-alelneigh he hadsaid so miteh possible had been attempted in their cause ; and that was so no-
t-
at I power, with fluonaparte, against this cenntry and its attic'. to prove that iaterferenee might be effectual; yet in his motion t aims, both in Spain and in this canary, that he wag ase,,niehed
Such confisleoce had Napoleon in Ferdinand, that be how- there was not one word of entreaty to his Royal Highness the the Hon. Gent. should not have informed himself of the fact
e
diately auffened hit prisoners to go at large (sensible, perhaps, Prince Regent to act en the principle's Laid down in the Speech, before he haul brought his motion. Government had interfered
n that he could not do a worse service to Spain); and what did -there was ne prayer for iaterfrrence. It was certainly most from the first moment : but if he thought proper to persevere
n
d Ferdinand do on this occasion ? Did he revoke the treaty ,i extraordinary that the Hon, Gentleman, entertaMing the sen- M his appeal to the House, let hint go on, oaly let him not eei
e Valency ? No. Did he bastes to Madrid? No, he avoided it, timents which he had expressed,diould have sookto se strongly that they were taken by surprise. He would add, 'that ft was
al and retired to Valentin, after refusing to sign the Constitution, in favour of ioterferrare, withmu taking the triable se mom the opinion of Si. Henry Wellesley himself, that the language
A *ad to reroguiv the c3.l"ting aulhoritirs, rithelet J,PsLlitig IN ' euy raverr whether or not the British G orerwrtrat had herr. used a this cannery, and the attempts made In this Honsei-so
it d. . • .
... .. . - •

degrade King Ferdinand, were in a great measure the cause
that their case had nut been listened to as it would have been
had be been left to himself He also thought that our merchants
and residents suffered materially from it Not a post, Sir Henry
Wellesley said, arrived in Spain, without bringing papers full
•f inflammatory and :abusive paragraphs against Ferdinand;
in consequence of which our merchants and residents worn.
greatly impeded and injured in their concerns. However, the
lesson which the Hon. Gentleman had received to-night, and
he did not mean any offence by the word le sou, would teach
into to make himself more master of the subject before he
brought forward another motion, in order to save much trouble
to the House.
Mr. BROUGHAM trusted that the Right Hon. Gent. would •
learn this lesson himself, to know another time how to express
what he meant. As fur the lesson which lie i ME. B.) ImJ learnt,
it was that Ministers had for 20 months used fruitless inter-
ference. - The only alteration that knowledge would have oc-
casioned, had he possessed it before, would have been an in-
crease of force in the wording of his motion.
Lord C.ssmstiEN:ll should only urge the argument, that, so
far from yielding any good, the interference of Parliament
would may serve to deprive Geo ernment of obtaining the de-
sired (object.
Mr. 'I lEKNEY wished to know Whether the course adopted by
Government was likely to be attended with any beneficial e
feet. If AO, be would advise his Hon. Friend to withdraw his
motion. The manner in which the Liberates bad been treated,
seemed to have roused the same feelings in his Majesty's Minis-
tem as in his Hon. Friend and the three allied European Pow-
ers ; it was not too much therefore to ask whether they wanted
thriller assil.tance. should they all have failed. If the noble
lord would state lhat the interference of Government was in
progress, and that the motion would prevent its success, then
he would, as he bad already said, advise that it should be with-
drawn ; bat if he considered that all efforts had proved fruitless,
then it would not be improper to call In the assistance of a fifth

PON el%
Lord CASTLEREAGH was conscious how anxious the Hon.
Gentleman was to be freed from his motion ; he would, however,
afford him no other aid than the opinion which he had already
expressed, that the motion was calculated to embarrass .the at-
tempt made ny Government.
Mr. TIERNEY etsoceived, notwithstanding the triumph of
the Noble Lord, that the arguments of his Hon. Friend re-
mained unan.ss•ered. Indeed no one had attempted that task
bin an Hon. Alderman.
Alderman StaITA explained.
The Howse then divided ;

Anainst the motion
for it
_

Majority in favour of Ministers
Adjourned.
FRTnAv. Fes. 16.

A new writ was ordered for Caine, in the room of J. Jekyl,
IF.sq. who has accepted the stewardship of the Chiltern Hun
eireds.

Mr. Lushington brought in a Bill for sontinning certain do.
ties on Malt; and also a Bill for raising 11,060,0001. by Exche-
quer Bills, for the service of 1816. To be read a second time
en Monday. The Indigo Bill wa.s read a third time, and passed.
Mr. VassirrrinT moved that the Bank Act should be re-
ferred to a Committee of the whole House, who then went into
a Committee. He entered into a review of the present state
of the transactions between Government and the Bank ; and
contended, that, instead of the profits of the Bank having in-
creased of late, they were materially decreased by restriction.
The Hon. Gent. said, he could not but eoltelior tho
ment of ISOS as one highly advantageuns to the pubic ; in the
first place, there was on that occasion a reduction made in the
sum allowed to the Bank for managing the public dividends.
A sum of 500,000 i. was taken from the unclaimed dividends,
and the Bank advinoed three millions without interest during
the year. These were certairly circumstances highly advan-
tageous to the country, and such as he had no doubt would
gain the approbation of the House to the plan which had, on
the present occasion, been adopted. By the bargain which
had Dow been concluded with the Bank, the sums to be ad-
vanced by them, without interest, and at reduced interest,
would prove a wing, to the country of 'upwards of 210.0001.
We were to have throe millions without interest continued, and
six millions at a reduced interest of four per cent. : this saving,
however, was nut the principal object in this arrangement ;
the saving of capital was the grand object here ; and in two
years from this time, a MI, ing of two millions won' he made in
capital. By the operation of the Sinking Fund / 1d by the re-
cent arrangement with the Bank, he trusted ,necessity of
making any Loan would be done away, and time would be
given to the credit of the country to recover itself, aided as it
would be by the Sinking Fond. For of all the measures ever
yet conceived fur the restoration of the finances of a country,
none, perhaps, was ever equal to the establishment of an ef-
fective sinking fund, by winch the gradual saving of a number
of individuals were collected into one great capital. The Rt.
Hon. Gent. then adverted to the saving which had taken place
during the last year. Of 86,000,0001. which had been voted
for the service of the year, 41,000,0001. had bean applied to
paying off a part of the public debt. The estimate for the pre-
sent year was 29,000,0001. but there was great reason to hope
out of this sum 8,000,0001. might be saved. This expectation,
so soon after the conclusion of such a contest as that which
we had been engaged in, could not but prove satisfactory in a
high degree. The only consideration which remained was,
whether the Bank was in a situation to advance this sum of
4,S00,0001.: of this there could not be much doubt; the re-
duction of the unfunded debt would operate to enable them to
do this. Upwards of 16,000,0001. of Exclicyner-bills had been
paid off in the course of the last year. The Bank of England
were always great holders of Litehcquer-bills, and so large a
redemption, as that which lie had just alluded to, would enable
the Bank to make this advance without at all reducing them
to the necessity of narrowing their private discounts. With
respect to the Exchequer-bills about to be issued, h regulation
and slight alteration would take place in future in their form.
They would in future be issued with a blank, which would
enable persons either to make them payable to order, and in-
dorse them over to others; or they might now, as foritierlY,
band them over from hand to hand, leaving the blank open
without indorsement. Another arrangement would also take
place, that was, that in future Exebequer-hills would bear only
an interest of instead of Sid. per day, and this arrange-
ment would save to the country at least 200,0001.; and, even at
this reduced interest, be was convinced there would be Do
difficulty whatever in circulating Exchequer-bills with more
facility than formerly. The Right Hon. Gentleman concluded
by moving a resolution for continuing the Bank Act for a
certain period.
Mr. Banana thought the Chancellor of the E :chequer had
done well in looking to the Bank for a supply. All he hail to
&sleet to was the item of interest to the Bank. The Right
Hon. Gentleman had said, he was bound to act as the guardian
tbe Bank, and take some care of their concerns. He (Mr.