The British Press; or, Morning Literary Advertiser.
London, England, 1820-06-01 00:00:00

AGRICULTURAL PETITIONS.

C. MANNERS resealed a rodeo* from the Proprie-
tors anal Occupiers of lAmit is the Isle of Ely., they eulli.
snivel 7'6,0 ell Dens, sod eomplaired of severeagricallusal
distress.

After a few words front Lord FRAPICIII 0111101111111, the
Petition was laid cia the table.
tilt N'tt. IDe CattartGaT prearatrd a Petition front eft.
1111111 pretties at hontbamptoo,eowiplaining of the injurious
effects of the severe duties levied ea their trade is the Wench
purls. They earaeatly herd that their awe ireslil be eve-

cow:7mm or eoverr. 1
Lord Amritsar presented • Prldispre fewer • soralwe Sc
Prirowers eitellsed in the Fleet fey etratreepte is the Coat
a Choicely, sad their abject was tw emir *leek ease to the
Hoots. They had hero efliallilleti tiw vivifies infensalities
sod for the rieti.payweat of easaey„ lass, .E shoal fee .eve.
est yeses. A wormy 61 years sew. was eenlieed sweaty-
sae years ; washer of AO years of age, was esteemed alar.
terns yeses: wed • third fee sire yeses. He weekdays's!. of
SINI her who wee ass dying ietpol,after • kW( lisittlemmall•
His object was to hemp end; resew% who bad interned lOW
MOOD us peesaiser grestatis, within the purview et his
Bill for she Relkf eflasehreat Debtors.
Mr. Reirecrg Aeries the not of the Petitiestv• Was
re 'Sly harsh. He wished the abort et beery bad twice
• woe • list at proses coassitted for those debts laid bribe*
the Noble penes at the heed of the Court. It wits psisfel
In see persous impriersied thrtrughout their lives, eke, fur
seertirsymeut of lawn which the, had se seism ei re-
earlier .
Ladditkiitir eatlrely arced is ills riefiffeaffe 't er
Hote..aed Learard Gentleass. There were istsy. art Oise"
enstropte net for pecuniary calms, arid they could set
therefore weft sow alibi* the previetousef She lustrous
Debtors Bill. A list ought at periodical peek& iihe Mid
before the Court.
The Petite. wee ordered to lie os the Ishii, sad griksed

to be rioted.
BREACH OF PRIVILEGE.
Mr. WTUN said be bad otoved some ti vie arm far lite al-
Wader" of certain perms who load eausaireeed as action
spinet the Wardell of Mt Fleet Private for Ilberatirri Chris-
tarter Barb" Erg a Member of that How, cordlised fur
debt. Sire that time he heard she airtime was obaradoseil,

and that the peewee .ere reWdy moil anxious in threw Shen-
',elven oa iheitterry of doe Hoene. On she seminal of the
Hoe. Member t►e mare fur the atseadastee of the said

persues w eshirgrel ■nail bloods, er'en inlet.

MILI.BAN PENITENTIARY.
Arminls frail 1M• &dablirboses9, idtemiag the &ea sod
reeirlatiuss for it. 'meagerness .ere laid on Ibe isble.sual

ordered to be printed.
Sir W. CUttTI• gave entire of a motion on liVrdoeadsp
next, fnr t►e bettor regulation (u we urderataal) of ibe

Miliiia of Leedom.

GREENLAND FINHERY.
On the ototioo of Mr. Lusa, , the Hnn•e west into
• Committer on the Ga.'s'land Fodtrry Acts.—The Itrpuirt

wee ordered lu be received 1.-morrow.

NEW LOAN.

The CHANCELLOR of the Excitgrauga rooe to
state, that as it. tira. the usual course to apprise Par-

liamerit of the terms on which • new lams was con.

tracird. he 109 e now to state the conditions upon
which subscriptions had been entered into this mum-
ing. It was his intention to have given notice this
day. that he would yulatnit this communication
to the House in the Committee of Ways and Means
on Friday next, when, if peenible, he meant to 'save
stated hie financial phut. The Femme which led
him to entertain this notice was, that three days
were allowed from and including the present for
m■kiog op the subscription,. These. however,
were all made good the moment the subticriptioua
were opened this rimming, and this delay beeenie
unnecemary.
Ott the amiss of the Right Hew. Geotlessma,
the Howe resedred itself into e Ceemseittee of Weye
end Mow" to hear-lati exphinetion of the tense ss
which the wew Loan had been contracted.
In the Committee—

The Cismicatunt of the Excl.Moues rose and
said, that it woe hie ditty to call the anemic's' of
the Committee to • tranaaction respecting the fund-
ing this martini' of a certain portion of the out-
standing Exchequer Bills. This communication,
though for the reason he bad Jimmy alined it was
not originally his intention to have made before
Friday next, yet the circumstances that had
occurred this morniog rendering further delay un-
necessary. enabled him now to state, by the earliest
opportunity. the term, of the new loan. He called
upon the Committee with tie more satisfactiou to
ratify the terms that had been agreed upon for the
public interest, because the bargain made was
insist advantageous to the public, it bad elm
this peculiar distinction, in which it differed
from every preceding contract. that the cr.pi-
tal meant to be made the subject or contract
recording to the vent of this day's proceeding,
will in the result he of lesser ainouut than the
actual sum subscribed. or the stock exchanged 1,4
it. He would now state the particulars of the bar-
gain. A book was opened this day at the Bank. of
England. for receieiseg the subscriptions of persons
desirous of fusiding Exchequer Bills. not exceed-
ing seven millions. 11 is proposed that 99 five per
cent, stock (the dividend to commence from the 6th
Jaly. 1820) should be given for every 1001. priaeipal
Exchequer Bills subscribed; that 20 per cent. of the
amount subscribed should be deposited at the time
of subscribing ; 20 per ergot. 28th July ; 20 per
cent. 28th September ; 90 per ceut. 94th No-
vember ; and 20 per cent. 26th Jaiiiiiuy. 1891.
The subscribers would be allowed to pry Ex-
chequer Bills in advance, and to receive the inte-
rest on the amount of the Exchequer Bills for the
first instalment from the date of Use BIM up to the
314 May, and upon the amount for each subse-
quent instalment from the date of the Exchequer
Bills up to the day when the instalments would
have become doe. Subscriber's tie have the option
of paying money in lieu .f &whilst, Bills. UpOu
poyiog also • premium of 20*. fur every 1601.• ea
money. Subsceibers min money in advance to
lee allowed interein at the rate of tut. per diem, from
the date of paymetit to the slay when the iustaluteut
in respect of which the pilynieot made would have
become due. Such were the terms held out ; and
the irritant the doors of the. Bonk were thrown
open, the rubacriptions were immediately filled
up. and numbers withdrew in disappointareut, who
were unable to enter the selescropttoos they lute's&
ed. He begged here to give a brief explanation re.
'greeting outetauding Exchequer Bill*. Ou the s'll
J di; ~M. the present year there wire somet Ming were
than 95 millions in Exchequer Bills
uutrlrodtug—
ard the same amount stall continued, Fa wales& sues
a little exceeding four milliutss in Irish Treasury
Sill.. On comparing this amount of Besting debt
with that at the Male immoral of the list year, it Nookd
be found that there were uow ten Milhous lees Of
that specieasof debt. Of those 39 millsous. 14 mil-
lions in Exchequer Bills were an the Murk of Eng-
land, and also the Irish Treasury Bills, except •

gnat remaining is the Treesesy of
Thee renteititd, therefore, to speak
bets, shout tweetysone milliosis
bills dad. This reduced the.,
of the public about eighteen
these eireenistawces. it wee cost
best mode of mien,' mower by
vice. sod stippottingr the credit of
debt, would be by eincretting iota
linos of the outetendieryi Exchequer
future day he would enter more
fineacial state of the country ; Ire ,
milted, however, here to stale. that the
rations of the present year would ..ce the in.
funded debt from 38 or 39 millions to itS Mil-
lion.. thus taking vir. in the course et the
year, 8 or 10 millions; Awe million* from
,e
outmoded debt were oho reduced by
rest to the Bank. The Right Has.
• then proceeded to prim out she amialetept eolith
accrued from the contract he had this day inede.
The amount of stock granted effected a real re-
doctioo to the amongst of 70,000!. lees than the
sum of Exchequer Bills received. Whist the effer t
of this plan would be upon the markets he won LI
not premise; but it was so eagerly 'might for this
morning, that instead of three days being required
to fill up the subscriptions, they were completed in
the monster lie had mentioned in less thou heir is
hour. in the midst of a struggle among the compe-
titors. The Right lion. Gentlemen that propelled
the fallowing RePolution:—.
" That it is the opinion of this Committee, Ant tie per.
sons who 'sieved their names iso she Vet May, 1111111, im IM
Bank of England, as thabeeriben, sad depselesdl per
Cros. epos their selmeriptiese, on the mentoot or how
mum. or Examiner Hills Is he Weed, Aid he mailed
for emit 10551. of principal money they hem so oeftesibrds
to del_ . _
`-/adonesel net
1111,4 e . per Calm N.
cording Majesty."

be • reduction of teu millions sod upwitrdo is 4bis
unfunded debt.

Mr. MABERLt said, he did not rise to Meow ft
on the bargain which the Right Hon. Cleatlmmo
haJ this day concluded, but to state that be.
tiered the Right Hon. Gentleman's calculations
would prove incorrect when the accounts fur varlets
Ile (Mr. N.) had moved were produced. and Pula;
milted to the teat of examination. lii the beet
place, he thought the Right Hon. Gestlemma'
incorrect in rioting that on the sth January lost the
unfunded debt was only 98 or 39 millions; new'
he thought it would prove to have been thew. ends
to be now, 45,879,2581. Such wes her calcalayiem,
as well as he could noslentsnd the accounts. lfgis
will find that on the Silt January there wen an.
funded thirtyssix millions in Exchequer bills ; S
600,000/. ot these were provided for, hut reassured
outstanding. Two millions of Irish Treasary bills
were provided for. best also mitstidandiug, and too
millions more of Irish Teeasury hills were not por.
wailed for. The Right Hon. Gentlemen forgot else
in his calculetion the 4,600.0004 winch 'he took
out of the Exchequer, and replaced by Exchequer
hills; and there was the addition of 300,0004 which
lie received. from the kirk in advance on the lead
land malt tax. This of course ridded to the aso.
fowled deht. How the Itight Honourable Gen.
tientan made out that thietpuiatt millions sonthe whole amoont of the consolidated fend be Was
utterly at • loft to guess. Did he include theriet
or nine milhass sowed to comer the arrears of the
consolidated fond ? Uule,s flee r greatly k.-
creased. which there was no remora to expert it
would in a very material degree pest July, Web the.
anicoint et which it stood in April. there walk* tie
a deficit of two or three million. In the etiosolidated
fund in the Obliging quarter. He said {alit *OM
every reason to oppvelleod that the remit *Blei-
elicy in the consolidated fungi. which smOonted to
right millions, *wild be augmented by two adds.
initial InuHlolN in the July quasar, Sia MN 1914111
the sneer trot millions. , If the Right Hournarabbt
Gentleman lett die consolideftel fund in this state,
the evil would he retry day accumulating. if a
Right flan. Gentleman (Mr. 'lnversion) were note
present, he would quote for the infereessties of the
Chalicellor or the Exchequer what he medal" • foe.
mar tiecission respertilig the coesolsdated fetid. when
he enforced strongly mot justly the neevasity of pre.
venting thesericcumulatioes of orrcare, the effect of
which must eltiamtely preset" injuriona. Why coo.
hum to clomp the interest of low upon this ea-

444;

,

• t:

1

ni

s

•11

ow TIBCPI KIM,. on Frowning woungy gooey wows ow lowwwrignmg• . , • o
to SW. Capital Stork is the S pee Cents. to be adosaarl tied - y ;
made to them frees the joist stock of the 5 low Claw ea.
cording to the Act of the Seth of his late elsiney."
Mr. thlgNtriaL was glad that the Right Neil. ! '
Gritilemsn had raised this Budget iirppnl=
..,
instead of the 3 per cents. ; but he eo
that when tivelt bargains were to be coarrolleilthe .
future. a different mode should be stiopetikir . .
enabling the public to compete for siabseriptilst4 _ .- .
Ten bolder. of Exchequer Bills obtained the 41bute
subscriptions, and the struggles to admen SO the 1 , 4
subscription table were so great, thud a disfielahl
firessure occurred, and indeed he hod bstio*Oolor ~
of the sotferees by this sem& con , 1
bringing an aviosa against she Right Harts ...= '-, I '.
muu apposite for the purses& ispiry they Wadi.
.' , t :
tined.—(The Hose. Member ustutiosted slibtiollnts v ,
ties is a *War man tor, sod it etteietki i '., ;,?.
issighter.) —He Waged to sak the Itight•Moo. , •:' -,-.
Gentleman whether he inuant to supply the lame ' • -, I
millions of Excheqsor Bells to be new fitoded, b • ' t
ray re-issue of Exchequer Bills to the 5/154
amount ?
The CIAIICeLLOII at the ibrait6Vint Ottpreof. i* . . ' i
that it was to he. soottst of tryst that Zll6 ..
~-•
isorefoi or Isootio. monk bod-soiteks, i.st, • , :.• -
peessiog foriwisito asks earbartiptione fhb Illortg: '74.,...%:;:
ing et the Buuk No aims is holioi6 isaleettp..ibli, At
the precautions :taboo •efopeniog tbe dooes.eiels .-.,:'!• • ,
~ ..w0..
and giving ticket. to dente tritwithris trilithat soy ?iv.
distinction of penises,- obtained priority of welshes, ' . Ni.
would have obeiatod any onpleasaat pesseenr. -rtu..,:,,.
~.., ..
loan trammelling would, he trusted. wind op Nip, - ..
money transactions of the year, unless sonscusilaris. ` i.
seri, event should arise which might render soother
exertion necessary. Thee Right Hon. Geattesoci
then, for the purpose's* he stated, of **klieg his pun ii. it
,
more distinctly understood, repeated his calculi.-
fouls. and asserted, that the result this year would
,1 1... . rroinelien of tau millions and auwardis is that : - 1 : ,

ib'N 1