The National Register.
London, England, 1822-03-18 00:00:00

82

9 invertal Vatitantent.

HOUSE OF LORDS.
stoxoav, MARCII 11.
The mv:.l assent was given by commission to the Sugar and
Tohaem BM. the Transfer of Aids Bill, the Itish importation
of Arms Bill, the Irish Scizare of Arms Indemnity Bill, and
th- Irish Population B:11.
The Commissioners were, the Lord Chancellor, the Earl of
Sh•u'tcsiniry, and Lord Rodestlale.
The Attorneys and Solicitors' Practice Regulation Bill was
read a third time and rowed.
Brogden, Gen. Gascoine. Sir H. Hardy, and other mem-
bers trout the Commons. brom;ht up the Commissions of:A:size
Regulation Dill, and two private bills. whiz:: c.-sre read toe first
time.
The Harlot' BLESsINGTON, purstiant to notiee, brooglit in
a hill to facilitate the registration of deeds in Ireland. The 11111
wrrold authorize persons to send their deeds to be memorialized
in +mance enrrJritshed in England. A copy of the deed so me•
niorialized might then be transmitted to Ireland, and received as
evidence.
The LORD CH ANCELLOII asked when the Noble Earl
Intended to move the second reading of the Bill.
The Earl of BLE:4SIN;;ToN answered this day fortnight.
Earl GREY, addressing the noble Earl at the head of his Ma-
jesty's Government, said I could wish to have ti c opinion of the
Judges as to the power Parliament w. may has to violate the 37th
of the late ICing, by which pmprietors of S per cents hold their
stock on the sceu:ity that 't shall not be paid off. until a certain
portion of the public stss ,r is raid till'. I wish to know whether
the eniciint of stock mentioned by the Act has been bonl
dischaiwil. If Ido not hear this from the learned Judges, I
should like to hear it from the noble Lord upon the woolsack.—
I think it material, as persons who arc to he precluded from
holding 3 per cent. stock after Saturday, that the House should
have the whole measure befire them. I understand that another
hi must accompany the S per cents. bill, to make it perfect ; and
it will he extraordinary if we pass the bill without hating till the
details before the lionse.
Tile Earl (.1 LIVERPOOIo—The real merits of this bill
will not depend upon the question whether Government and
Parli:unent are competent to pass this bill with reference
to the falth and 27th of the late King. 'There will be a
special claase, giving time to persons not m this country. It is
i.ossible discussion mey arise on the principle of the bill; but I
cm prepamd to say public inconvenience would re nit from
delay in the adoption of this measure. When the BM does
tome fairly before the house, it will be my duty to enter into
discussion and combat the objections of th.. Noble Earl, or coy
other noble Peer.
l.crd GREY said, he lamented that Parliament could net do
justice to one class without injury to another; but the interest
of
the majority was at all times to be supported. If the bill was
hurried through that I louse, it was an cilium of the confidence
of persons who placed property in the hands of Government.
Howe then adjourned during pleasure. in order to wait
for the Five per Centum lull, which was some time after passed
itt the Commons and brought to the Lords.
The House having resumed, the bill was received, and read
Cie first time. The second reading was then fixed for to-m.4nm.
—Adjionned.

TUrSDAT, ‘IICII 17.
The Marquis of LANSDOWNE presented a petition from a
number of persists, complaining. of injury sustained by the
operation of the Act for the Registration of Settlements. The
petitioners prayed fOr relief—Laid on the table.
The Marquis of I.ANSDOWN reso gave notice, that a noble
friend then unavoidably absent. would present, oa Friday nest,
a petition from a Ivey body of penFoos in Ireland, on the subject
of Tidies. lie should also present a similar petition on the
sante day.
The Earl of LIVERPOOL rose on the order of the ear to
move the second reading of this Ball. Ile should not trouble
the House, he said, with many observations on the measure.— •
The question was, whether they were entitled in ;rood faith to
proceed with this Bill. It was originally tweed that this Five
per rent. Stock should rot be redeemable before V 5.000.0001.
of
the Public Debt should he paid eff. 'I hat sum, the noble Earl
contended. had been paid tilt' the public debt, and consequently
that the stock was redeemable. lie concluded by nursing d.c
second reading of the hill.
The LORD C lIANCELLOR sold. he should object to this
bill if he did not consider the Five per Cents. redeemable by
lows lie made this ob ervation in consequence of what fell from
a noble Earl last night. His opinion was called for, and he
considered .it his duty to state fairly to the House, that doubts
mited atise on the construction of Acts of Parliament, but it
was clear that every pecon in!the money merket had acted upon
an impression that the Five per Cents. were subject to redemp-
tion. The Act of the Mb of George the Third created no diffi-
culty with respect to this measure. There was nu part of that
act which gave the public the benefit of notice as to pitying oft'
the Five per Cents. The plain condition was, that they should
not be redeemed until 15,otabne;r1. be paid of. That brought
it to the question, had 25,00n,0001. been paid off or not ? It
might be said debt was paid off on one hand, and debt incurred
on the other; and some dilliculty might raise on that point ; but
it appeared reasonable to suppose the Legislature would not have
kti that point unocitie‘d if they had imendial to raise the ques-

lion.
E.rl GREY returned thanks to the noble and learned lend on
the Wooleacit, for the pains taken to remove tile inityressirn on
his mind. lie did not state doubts to induce. the !louse to te-
jeet the measure, hut to gain time thr consideration. It-wits ad-
mitted. that this F,ve per Cent. Stock was not to be redeenizd
until 25,000.000 of the public debt was paid al; and the ques-
tion tea, whether lona fide to touch of the debt had been dis-
charged. The noble Elul urged the necessity .ot delay, in elder
atlind Psi'lament the power of full eli,,cussiell.
Tiae Earl of H A 111101 VIA. supported the-hill.
Lord ELLENBOROU4II otshea for the opinion of the
Judges upon'the question. whether 25p00,00n1. of the debt had
been pia off. according to the spirit and 'nestling of the 26.11
.Deortre 111. •
The Marquis of LANSDOWNE. expressed an opinion that
government bad the power to redeem the stuck, but objected to
the mode of taking the dissents.
The bill was then read a second time, and committed for to-
morrow.--The !louse adjouthed.
wEnx ststo.,Y,

On the motion or the Ell of I.IVIII ef)oi., the !loose went
into a Committee on the Five ptr Centurn Annuities Transfer
B 11.
EL ill GREY oti t chid to the 12th el which enact:, that
rll petaons who sh:11 riot. within the period commencing on
monde) the 4rh of anti ending on i,,aturilay the itith day
of Nl•nch, Is..tt, both darn inclusive. si!.nity their dissent from
accerthig a i•liarc in the Font per Cent. Aural:Atli iu 1:‘:u of :heir
risperiive sham in the live per l'entimi Annuitio, shall be
de.incti and taken to have consented to the same. The clione
then grief' On 14. r °vale tf4ar ~.oprierots of Ike per centum An-
nuities not wic Ain the limit/ ul the ranted Kingdom. at any time
within tivi tied diy of February and the tiith of Match, rb-a,
iv ay signify their iiiiaxmt Law( the f.rst day of dime. The tvible
F.e.11 Aid not 44 why the %Ct ! back to the •i 2.1 of
Ir.bruiey, wivrt.7.tutras were only cull if open to dissent be•
iiireet, Me wth acd thin days of Waren. was Ice: taihly an
"tarifa Lim Is wo, ts.t hq inuntien to propose rn tAlkfla•
rasiSb 144 (revels iticatiorwr. ale LLart mem as un iucuusi:ornry.
"..khn.tal of 1,1%-/.lll'l-1r)1.. the reirorpective iperation
‘-f4)petill nit a !le noble Frdhatl sio4cetl, w.S tztiodu.A.ti with
A l'areti.i. • .

44lOttliaLt
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