The National Register.
London, England, 1822-02-25 00:00:00

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who WaS pte•Vilt, to be Mode public AS pi».
ati le. Ile lu.•g4eil, however, to pr,2iiiise, that tho
WitS not culled with at view to proillit!C 011 -
, lISSI.III, Loa simply to hear the proposal of Govern-
ment.—Lord Liverpool then read us fellows:—
" .1 new S;ovk of 4 per Cent. to be cretttcd, the

interest of which to be payable on the 5 h Janthiry
and sth July, and not to be paid (.11. before the sth
J.nontry,lB29—in *Lich Stock 1031. to be given fin.
every 1001. of 5 per Cent. The first dividetel on
the new Stock to be payable on the sth January,
1823. Books to be opened It the Bonk of England

rum Monday the 4th or Nlureli, to S.tturday the
16rIt of M.irch, for the purpose of receiving the
names of such parties as dissent from this tirrangc-
went, and every one who dues nut so signify his dis-
sent, to be hal us acceding to it—but thus. parties
who may be out of the United Kingdom to be
allowed till the Ist of June to signify Aeir dissent,
and to a mare distant pet iod if out of Europe. Tile

dividends on the 5 per Ccu.s. to be paid up to the
sth July, 18:!2, at which tune the paying off the li
Stock ague', as dissent, to commence in numerical
order, as they appear on the Looks, and to be conti-
nued at such times and in such manner us Parlia-
went shall direct."
After having read this document a second time,
the Earl of Liverpool said, (in answer to a gentle-
man who had no wish to " promote discussion," but
was anxious to know how trustees were to act who
had 5 per Cos. standing in diese names), that the
Act of Parliament would contain a clause authorising
such trustees to exerciK, their judgment, and in,lem-
nifying them from any conscqoent suit at law.
The Earl of Liverpool and the (lancellor of the
Exchequer then left the room, and the meeting dis-
persed.

The proposed reduction of the interest of the
Five ptr Cent. Stock I. t bejustitied by anything
less than a quibb'e, and if Ministers were brought
in a body before the Insolvent I)..btors' Court, they
would certainly be re.oandetl, for having given a
preference to a part of the public credit.,n,. By way
of eliwidAtion, take any one period, and it will be
found that TIIE R►.LATIVE PRICES or STOCK HAVE

BEEN VERY NEARLY EQUAL. 70 THE RELATIVE IN-
TERLSTS—UtiII it would be just its fair for the S per
Cents. to be paid off at 601. for every WC, as tier
the 5 per Cents. to be paid cif at par, above which
most of the present holders have bought in. As to
the bond being discharged by the payment of the
par price, a justification of the measure is like the
keeper of a gaming-table returning the amount
sulked, to a !intimate gambler, and tinting him he
has no right to grumble, tier he had gat back again
all he advanced. Besides, we might very well eau
tiun the holders of the 3 and 4 per Cents. us to the
precedent established—we might remind them of
the fable of the carpenter, who went into a wu:ltl,
and rcooested of the Huuse of Commons of-Trees
permission to take for himselk simply a handle tor
his axe—the handle. Was granted at once, and the
whole wood was felled by the aid of the thoughtless
boon Ii Government, dctertuitiLd to adhere to
their expensive and unnecessary establishments, find
an act of roguery necessary to support them, let
them act impartial y—the funded debt, to make use
n'' round numbers, we will take at 900 mi:lions, the
5 per Cents. at 130 millions, the rubbery to be com-
mitted upon the public creditor at one mlllion and
u half per annum —if, then, the funded property
must submit to any breach of faith at all, let the
5 per Cents. bear their proportion, and let the other
Stocks do the sane; or in other words, as the 5 per
Cents. eouluitute one sixth of the debt, let them be
leadill.Al with one sixth of the diwinution of in.ume,
but nut made the sac:ifieu to the interest of the
"udders of 3 and 4 pct. Cent. Stock.

The aecou:its ree,:ired on Thursday from the
South of Iruuutl, vuasiat of details of various out-
ra;;es, amongst them an att;u:k on the baracks of
LiAuwe3, in wh'xii ina,ll body of military were

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