The British Press; or, Morning Literary Advertiser.
London, England, 1818-04-30 00:00:00

jected to had been senetioned sainemishi. coshes
from the time of the Revelation. 'IAMB never was
an instates of • loots where • eimiber charge was
Not made. The Hon. Gentleman had slut very
accurately stated the services fir which the Rank
claimed this payment. The Bank were not merely
receivers of the sem sulaserilead. bet, alerever, had
to jullge of the accuracy of the whole transaction.
and incur the responsibility of it. He should not
have felt himself justified in redwing the charge.
H. would new advert to the statement that this was
the first imamate of a charge for fading Exchequer
Bills. It leg true, that the Book had never be.
fore received may allowance on the operation, be.
cause they had 'little or no concern in it.--
Bat this was est merely a funding of Exchequer
Bills, but sousethiag mere; it was a complex ope-
ration. In carrying it on. the Bank performed a
great deal of what was before managed in the Ex-
einem Office; and there was, besides. an increase
of responsibility. They incurred all the respeasi.
bility of an ordinary Imo, with much more trouble.
The mere creation of • new species of stock
entailed a heavy expense so the Bank—au increase
of officers, of clerks. and other annual charges.
He trusted the House would not consider the charge
of four hundred pounds per million too large for
that part of the management; the other liad been
sanctioned by immemorial usage.

Sir J. NawroaT said, that the Hight Honnur.
able Gentleman allowed that the count-Ty had been
now loaded with an additimmil charge never incurred
before. He had accounted for it on the ground of
complexity in the transawdon. 11111' own opinion
was, that such was siwaZa the effect of complexity,
and that betides it discouraged competition. and
left the country at the mercy of stock-jobbers.
He could not see why the funding might not be
performed by the Exchequer Office, but the ad-
dition of expense to the public had so far diminish-
ed the value of the transaction. 'llse Hight Hon.
Gentleman had been continually changing his
plan from its first publication. Indeed. for the
last three years he lad been constantly on the watch
it the Stock Exchange, and his fluctuations had
loaded the country with a great addition of expense.
The CHANCELLOR of the EXCHEQUER said, the
Hon. Baronet had complained that his plan had
thrown the country en the mercy of the Stack
Exchange ; but he would insist, that if ever there
was one that delivered it from their machinations*
this was it. The variations had not produced a
charge of au additional shilling on the public ; but,
on the contrary, had saved it much.
Mr. J. P. GRANT said, that the Bonk had re-
ceived as much on the landing the twenty-seven
millions as if that sum had been au ordinary loan.

The CHANCELLOR of the EXCHEQUER said, it
would be impossible to raise a loot' in soy ordinary
way, without i►tcurring much addition of charge;
it was wrong to suppone,that the Bank bad an al-
lowance on the whole sum to be btu-totted.

lir. Gassirsta. replied. dust the only defence
made by the Right Hon. Gentleman fur the clause
was immemorial usage. But that was the very
reason of his objecting to it. It was tno &truce—
it would be a reason for continuing any old abuse.
But in point of fact it was not entitled teen
to that. for considerable diminutions at dif-
ferent times hod Imes made from the allowance*
originally fronted is she Bonk. If it was founded
in equity and justice, let it remaiu; if not. is. God's
name I blot it out. The Right Hon. Gentleman
had talked of the necessity of a new office, and new
clerkfi he bad his doubts on these points ; but od-
witting it to be so, had Cie Brisk nothing to ream.
nerate them ? Could the Committee forget the
rest increase of charge proceeding from the ere*.
lion of 34 millions of stock ? There was puthiug
said on the subject drit did nut serve to satisfy him
of the usireasouableness of the charge, and that it

was roundest on that spirit of ►al►rcity used the
expression of Isis lamented friend, Mr. Ilurne►)
that characterised all the transactions or the Bank.

The Ctrs /mutton of the EXCHEQUE:II made
some remarks, which were inaudible ill WI.

Mr. GRENVELL 144.1, dirt not a farthing was
charged on the conversion of the one stock into the
other. Hot did he (Mr. Vansitturt) net fund i 7 mil-
lions of Exchegner Hills, and would not the Hank
receive 4001. pe► million on the t►anaiction,muking
• total of .bore tett thoirsatid pounds ?

The CH A CE I. 11.0 R or th► En:HES/I) ER was rather
inclined to confess he had ben► under an error.

Mr. BA ritEll thought that the Committee or
Finance wa► not competent to enter into the con-
sideration of the matter.

The Ilouse then divided on the que►tion, when
there appeared—
...

Fur the disuse ♦.... 40
Apiiist it

Majority

_ .
On returning to the gallery. we found Mr.
Gattnru.t, anoving di A the Chairman du leave
the chair. sod on a division there appeared—
Foe the motion Ss
Aphid it .. . 44

Illajority against the motion ..
After some cooverestiou between Mr. GRENFRLL
end the CHANCELLOR of the EXCHRQUER. the
rem: • •og chimes were reed, the SPEAKER resumed
the Chair, uud the Report was ordered for to-
morrow.
dir. BROUGHAM moved that there be laid before
the I I Iblige—

" An Account .f the number of Commissions for Clio-
ritab,e Uses, appointed risder the Art of the 43J of Elia*•
both, previews to the year 1716, and since ;"
Alan, " An Account of the number of Petition* presented
to the Clitincellsw and Vice-Chancellur, complaining of
shears he Charitable Isisditistions,"
Also, " Of all Charitable Institstlona, to which dims-
lions of a certain description hare here made "—Ordered.

Mr. Pitt. moved for leave to bring in a " Bill
to alter and amend an Act of his prevent Majesty
fur making further regulations in the building and
repairing of Court-Houses and Session-l-linms."—
Leave having been given. the Bill ants brought
read a lira time, and ordered for t second reading

On the motion or Mr. BIiPM Err, the Hun•e re•
solved noel( into a Committee on the Conviction of
Otlenders' Rewards Bill.
In the C mittee. the lion. Gentleman moved
!several verbal amendments, and two new clauses,
which were agreed to.
The House resumed, the Report was received,

Ica a\ C
• •

FOREIGN INTELLIGENCE.

FRENCH PAPERS.

PARIS, APRIL 26).
CHAMBER OF DEPUTIES.
SITTING OF TIM gSTH OF APRIL.

mid orderei to be tikro.iuto consideration an Mon-
day next.
The Pardons under the Gicat Sell Bill was read
the third time, awl peastd. . .
Mr. Afdermain Wooer rose for the purpose of
postponing the second ragingof the frith Partner-
ships' Rocooragetaent Bill.
Mr. PLEI. was anxious that those persons in Ire.
land. whom this Rill particularly concerned, should
have an opportunity of making theineelves acquaint-
ed with it. He therefore suggested the propriety of
postponing second reading to it, diigant day.
Mr. Al WOOD then put u the second
reeding to this day fortnight.
Mr. flncimonn brought up tliet.lieport off' the
Cotton Factories Labour ltegulishost Bill, which
was agreed to. and the Rill was °Ailed to be read
lilt third time to-morrow.
The Report of the lAi 10 tirerb' Wages Regulation
Bill was agreed to.—Tiiird reading tu-morroN.
The House then adjourned.

At one o'clock the Sitting commenced.
The Duke of Richelieu, the Keeper of the
Seal% sold the other _Ministers ore intredneed.

The Duke of Itichelieu--,, At the commence-
ment of your Session the King enured us to apprise
you of the hopes he entertained of disninishitig the
charges that press upon ou► country, and of effect-
ing the evacuation of tier territory.
44 We now present osrrw•wcs. by his orders, to com-
muilicate to you the result of certain negociations
already terminated, and to denuilid of you the
anvils of concluding tho-e which will take place,
we dare flatter ourselves, before you again assem-
ble in this Chamber.

" lit signing the Treaty of the 30th May, 1814,
the Contracting Powers reciprocally renounced the
whole of the sums due to them, bat iu tasking;
this surrender of their own rights theGoverisments'
were bound to cor►seCrate dime of individuals.
Particular Articles declared their guarantee.
France formally engaged to liquidate and pay
the suous flue by her out of Iwr own territory, to
individuals or foreign establishments, in virtue of
contracts or formal engagenients. Measures neces-
sary for the accomplishment of WO Obl►gattola which
France had imposed ulnas herself were in course of
adoption when the melancholy events of )615. came
to destroy all the hopes of repose and prosperity
winch had been previously conceived.
" I shall riot, Gentlemen, retrace to yon those
sad rerne►nhrances. still too present to your memo-
ries, but let me be permitted to say, the idea alone
of mitigating them has sustained is. in the painful
task which it, perhaps, at that rime required some
courage and some devotrou to undertake.

•• After the dioartroos epoch to which I h.ve re-
ferred, France friend 10-Nrlf wider the weight of
two sorts of charge's. One fouttited on the Treaty
of the 30th Nlay, 11114. relating to the debts coo-
traded at different periods towards the sulijecto of
foreign Goren's-news ; the other, created by the
Timely of the gOth November, gave us the Covent-
awed. themselves for creditors.

" The former, those which have heeti the ob-
ject of the tiegociati 111 l which has frets terminated,
have had for their object, as you are aware, not
as some people affect to believe, u► procure in-
demnities to the inlntbitsiits of the countries crag.
ed by the war, and still less to grant any to the
Governments of those countries ; but to aseurrthe
payment of debts coistnicted by virtue of positive
acts of the Government and legal otiligations. Po-
licy may change the relations of different countries,
Intl individuals might not to softer by these changes;
obligations consecrated towards them ought to be
guaranteed and maintained. The credits of which
tlu• Convention of the ,2011. of November has ;ore-
seribed the liquidation, ate not sights moil tides
created
_against Fra►dee. That hiss fur its object
only to give security to those which existed pre-
viously, independently of every treaty.
" In couteinplating Ilse affairs under this point
of view, which is the only just, as it is the only true
one, vou will judge that the iickiimiledgment of
our debts towards individuals and 111 'vote establtsh-
►nent• out of our territory, is derivril Irmo a princi-
ple of civil right, independent of every political
convention. Su was it, without difficulty, admitted
by the Treaty of the 30th May, 181 4—the two
Conventions of the tight November. 1815—relative
the one to ttir subjects of the Continental Powers.
the other to those of Great Britain, could only de-
termine with more precision the applications of this
principle, sod regulate the forms of the liquidation,
it► applying to the payment of debts of this nature
e capital of seven ►uilliutts of retoes. These Con-
ventions stipulated. that in case of Noy deficiency.
the French. Government sill be bound to provide
fur it.

" It was in pur.uaner of this that dor law of the
-23 d of December, 1515. created a supplement of
two millions of realer. The importance of this re-
serve could not hr maprevinted at that period, in
as much tl II the sum total of the credits was not then
capable or an approximate valuation ; nut to prin-
ciple it was difficult to contest it, and is fact its
amount was altogether unknown.
" A year, reckoning from the date of exchanging
the notificatiims, haul been granted for the presets..
tattoo' of chitin'. If expired on the 2ttth of Fe-.
!treaty, 1817. It was not until after the expiration
of this term, and when the whole amount of the
elating had been ascertained, that the French Go.
vestment could discover that they formed each a
muss, that in applying strictly to their liquidation,
the rules prescribed by the Convention of the 40th
of Novenolier, the amnuut would far exceed the
capital as,igised for their reitnbunlentent, and that
a considerable deficit would still remain to be
covered.

Tins deficit would have formed an immense
debt. if it had been imposeible to calculate it,
and to refuse before hand to satisfy it, it was a duty
to represent it as evidently exceeding the provision
of the Treaty of 1815, and the strength of France.
" This duty the king's Ministers hasten to per.
form, by apprising foreign Courts of the unezpect.
ed mutts which had been thus revealed. A sago.