The National Register.
London, England, 1816-06-02 00:00:00

THE NATIONAL REGISTER.

resist any diminution in the Excise duties as they now staled.
There was, be observed, considerable udvautage to he de-
rived from the regulations with regatd 'to spirits, by which
there was formed a tiquerfel check to illicit distillation. He
also to cougratulate the House urea the increased produce
of the revenue fsr Let year; a circumstance wholly unex-
pected and imprecedented, after a wipes of warfare. In
order to meet the proportion or charge for Ireland, which
amounted to 3,145,6561, he proposed, besides a continuation of
the usual Excise duties, with the exception of the Malt duty,
the repeal of which caused a deductiast of 350,0001. that le-
course he had to the sinkin,o, fund; and to inert the interest of
that charge; which anuntated to 1e2,0301. that a certain portion
of the stock in the lentils of the Commissioners for the re-
demption faiths. laud-tax in Irelaud should be appropriated.
He trusted, that the appliestiou of the produce of the sinking
fund, under such circumstances of difficulty as those by which
Ireland was marked, would not bt considered neadvisable;
and he twitted the House that it was a ease Of extremity that
caused it.
Mr. PO 4SONBY said, he did not rise for the purpose of ex-
amiuiug the particular items in what had been stated to the
House, although the comparative state of our revenue anti our
expenditure was to him a very melancholy subject for contem-
plation. He rose to congratulate the House upon the extra-
ordinary testimony borne by the Right Hon. Gentleman
opposite in favour of the propriety of abolishing the. Property
tilt. He had heenitelling the House all along,that, instead of ruin,
prosperity had resulted from the destruction ut their favorite,
and that the. uatiooal -anti prosperity, instead of de-
er g, was more firmly established by the oppo.ition which had
beep so proudly persisted in by the conutly. The consequence
they had been just uliserlting was, that Government were able
LO raise as much money as they wanted, and inithe mummer they
liked hest. It was au odd wry to prove the excellence of any
measure of the State, by showing that the loss of it was an
advantage to the community. Ile could not help declaring his
admiratimi of that grand perseverance which opposed, until
It
received the very sanction of its enemies. Rut the contest
proved something besides that he had mentioned : the Bank of
Luglarel had shewn its abilities to lend to the public nine mil-
lions of money ; which argued down all the fears and conjectures
that had gone abroad upon the subject of an application to that
quarter. It was a priest' of the solidity of this country, and
ev; need in the strongest manner possible, that the Bank of Eng-
laud, instead of being shaken, was increased in credit and
capital.
Lord A. H.Hairron condemned the necociation and the whole
transaction with the Bank; and contended, that Min:. tees had
made a most improvident bargain for the Public.
Mr. BARING defended the Bank, anti repeated the argemenls
used by him on former occasions. With respect to the state-
ment of the Chancellor of the Exchequer, it had not given him
the satisfaction which it appeared to have given to sonic Gen-
tlemen. The Right Hun. Getttleman had acknowledged tin ex •
penditure ofg7 milkons ; whilst all the permanent revenue which
he had proposed to meet that ex penditure was about 0,700,0001
all the remainder was to be raised in various ways, by bonow-
ing, Sec. and trout sources which next year might and would
probably fail.
Mr. 'ft ease v opposed the Finance flees of the Unmet nor
of the Exchequer, in au elaborate speech.
Mr. GRENYELL maintained his former opinion, that the Rank
should advance its Luau to Government without any interest
whatever.
The resolutions were agreed to and ordered to be reported
to-morrow.

Teesn•v, Mw 2B.
On the motion of Mr. CORWI:7O, a Select Committee was
appointed to inquire into the present state of ihe l'oor Laws.
He entered into a detail of Ins plan; the principal feature of
which was, to make the labourers themselves, as well as the
rest of the community, subscribe to a National Bank, to
be established in each parish, fur the benefit of the poor.
On the third reading of the Alien Bill, Lord ALTHORPE
proposed a clause for exempting from the operations of the Bill
all foreigners resident in this country previous to the first of
January, Isis. Upon this clause the House disidcgl ; wen it
was rejected by a majority of 43, the numbers being, for the
clause 33—against it 76.
SILVER COIN. _ .

Mr. W. PoLE presented a Message from the Prince Re-
gent, respecting the Silver Coin, announcing that lie had
given directions fur a new and extensive coinage of silver.
(See Lords).
Message ordered to be taken into further consideration on
Thursday next.