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

AUSTRIAN LOAN.

Mr. HAMMEIMEY brought forward his motion respecting
the large stuns due from Austria to this country, on account of
the loan made in 17 u 6. The loan took place, on power being
given to sue the Emperor in his own Courts on default of pay-
ment. The first amount was X 1,600,000, the second 43,870000,
the whole stack, &c. anumntet' to about .144,600,000. Since
that period no communication bad been made to Pariiamcnt.
Was the country to continue to pay the interest of such loan?
It was the debt of the Emperor; and who might to pay the
interest? At all events ought the House to remain without
information? It' the Court of Vienna had been indocid to act
under the impression that the debt would be abandoned, he
would not contend for the violation of engagements—but sure-
.

....„... .....
ly some account ot the state of the debt might to be made. iliit
if it Were to be a question of generosity, the sum could not be
abandoned on light grounds. The interest v.as selitUJMO an-
nually ; and to be relieved from that sum would be most advan-
tageous. Some arrangement ought to be proposed, to liquidate
the amount by degrees, or otherwise. Whether the motion was
releived or not, he trusted at the end of 21 years the Court of
Vienna would not remain willing debtors to 11100611; creditors.
•He concluded with moving at Address to the Mince Regent,
to take into consideration the Austrian Loan, and praying that
a negotiation might be opened on the subject.

Lord
.
rd CA%TLERrAGH said, this was nut an opportune moment
for openin; any such negoeiations.
After aurae farther observations, the motion WAS With.
drawn.
__ _

Tntinsotor, M. :10.
Sir 11. V4nnett. presented a petition from the Roman Ca-
tholic Bishops. and Cieray of Ireland, onnoitnciani, to l'ai eminent
their assent to the pa inciple of domestic nomination ; tint ins-
claiming any interference, directly or indirectly, on the part
of tiovernment in the appointment of their B.sliops.—Laid on
the table.
Mr. flusaisloa moved it new writ for Liferpool, to return
member in the room (X Mr. Cannaga, who has accepted the
of cantr.mi,
M . Bunt-diem wi,ladrow his intended motion for, the di.
5,..0.•11-.1 01 the 1 r•-;00.1 Reran d• of the Income Tat%, iiro.
pro -. if the Chaiseell-ar of the EACIII (101 T, that those a ti.
a - • •,, IN de 04111111e11.
a C:ontuitta.-c cu the Rejcbt3

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Mr. 1% eia.esaus Puce (Master of the AGM) went over
near!y the same grounds as the Earl of Liverpool in the Lords;
,the Right Honourable Gentleman, however, added a few par-
neuters. He stated, that from the year 1117, there had been
a coinage of silver only of 460,001.11.; and during the reign of
his present Majesty, bat 61,0001. Gold was declared the
standard of value by an Act of Parliament, 1774 ; but when
that law expireoLit was recommended by Lord Liverpool, that
the coinage of silver should he prohibited : and in 1799 a sta-
tute was passed, which, in the first place made gold legal
tender, and in the second prohibited the coinage of silver. It
nu, estimated in lB3a, that at least 25 millions in gold were
in the cauntry ; and It was a known fart that GO millions had
been issued from the Mint in the present reign. al hat part of
this large RUM yet remained within our shores, God only
knew! In 1145, with a velocity at that time wonderful,
millions of pieces were issued in eleven months; but be (Mr.
I'.) hoped, that with the present improved machinery, GO
millions of pieces could be delivered out of the Mint in seven
months, 33 millions consisting of shilliuge, and 2.i millions of
sixpeacea.—During the seven months that would be required
fur stamping, regulations would be made, by which Govern-
ment would lodge in all the principal towns of the kingdom a
FM in new money equal to the supposed circulation of the
district; and on the very day after the seven months hail ex-
pired (allowing that that would be the period necessary), pro.
clainations would be issued, appointing at limited time for the
bringing in M. the old money awl the Issue of the new. By
this method the whole circulation might be changed in a few
days.
After a few observations front Mr. BAT:ING end Mr. Cu EX-
FELL, in which the great hardships which the poorer classes
would suffer by sat allowing full value fur the base currency
in circulation, was alluded to by the latter Gentleman, a reply
to the Prince Regent's Message was unanimously voted.
Mr. W.SMITII brought forward hi, promised motion; with
the view of restraining the gross abuses which have of late
prevailed in the issue of extents in aid from the Court of Ex-
chequer. The Hon. Gentleman, in the course of a long and
able speech, related a cumber of cases (which we regret our
limits preclude us from giving at full), where farmers of. the
Post Horse Doty, distributors of stamps, p:•per makers, re-
ceivers of taxes, and others. had obtained extents againt
; which were granted, without there being the slightest
ground to assert that the revenue of the Crown was in danger.
They were in fact applied tier, to enable those individnals le
collect ;heir own private debts, by coming in before all other
creditors. The two following were among the cases related-by
Mr. Western :—•A gentlemen whom lir knew applied for au
extent, and was told that the fatal of it was, that by the danger
of his property in the hands of his creditor he wa's less able to
pay the King's taxes. The gentleman, conscious that he was
quite able to pay, rather demurred, and said he should pre far
the words. " might ec less able to pay." The form was in.
stantly altered according to his wi.ll, and the extent was grant-
ed! A person who was called a country gentleman, not lung
ago applied to a respectable solicitor of his acquaintance, say-
ing that he wauted to be made a collector of the King's tales.
The solicitor inquired what possible object he could have in
obtaining such an appointment.—" Ohl" realied the other" I
shall then be able to get extents la Aid, and collect all my own
debts."—Mr. Smith conelided by moving that a Committee be
appointed to examine into the mode of issuing extents in aid at
the Exchequer, together with the abuses Attending it, and to
report thereon to the House.
The Solicitor General, Lord Castlereagh, and (Alters, oppiea-d
the motion fer the Committee as unnece.ary ; the law of
having taken proper steps to prevent siell abuses in future•.
The CHANCELLOR of the EXCHEatLit stated to the House,
that the Treasury bad given directions that no persons con-
cerned, either directly or indirectly, in country banks, should
be allovve I to act in the collection of the revenue,
A division took place on Mr. Smith's nuition— For it 56;
agaiust It, tic—majority against it, 9.—Adjourned at ball past
one.