The Sun.
London, England, 1808-02-11 00:00:00

ROUSE OF COMMONS.

WEDNESDAY, FEB. 10.
111 r. Mitford, from the Treasury, pre;ented at the
Bar an Account oil the 13ouetiies`graqteci for.th'flo're-'
gular supply of th l eonclou trier ;t with tistka,.•„t.i
Mr. ,Kiwkeper, Clerk thr, Couhkil,,ipre-
sentc..d at the ilar. ate Aceottot the FLegjeid 'for
Licences from the Privy ;Council the
Ma' 1803.

,y,
A new :writ was Ordered fig' the elealen crn,
her of Parliatuent for the florotigh of Althcitp.p, its
room of Lord, Henry Moore, Mid has
.accepted of.
the office of Muster-Master,eneral
Sir 02.1104 TV RiON gave notice, that, he will p
pose cettain Resolutions, retative tb:the -qUestion of
the Carwitic, on the fe I t, Marche
rfhe grazil Trade LiJl was. cotnrn!tted'' in a corn-
tuitfte of the 'whole House, 'and the -Repott *AS.
or-
tiered to he brought up to-inor:ow.
Sir feizAkis -Jinni:TT moved. that :there:. be laid
before, the HOuse. an Account Of all :the: Capturett
made by his Majesty's nav,al force ; and whieh have
been is the diaposal,of the Grown,. with apPOrtion-
ments at. since 1792.
TIIC CJIANCEO.OR of the EXCIIV,RUER expresseo
regret that the Hon. R.-trona' had 'not, given notice
of his motion, and wished him to deter
morrow; • whetvhe would' be prepared, either to
btate his objeatons to 4, or thepiutiCular,forin in
which he could assent
.t 6 it, for he reailVilid not
know, at the present moment, whether the Koduc-
tion of Such an Account was spracticable or 'trot.
Sir FRANCIS ISI,7ILDWI7 notice of the' motion
for to-morrow. • •' .
The'Oider'of the Day a the. Second Reading of
the Citrate's' SU,iret.6ion still being r.:Nidt;a-loug and
very unimportant 'conversation tool
.place, upon its
merits, in which it was s,,ipported by Messrs. Diely
enson, Lushington, Dr.l,,,aVerenCe,.and thti Chacellor
of the ; and opposed by ,NLssrs. Lock-.
Whithie.td, and Sheridan, who supported Mr.
Scott's Petition altainst
• ;.
The Itill w4s read a second time.
Lord "I'Empt,to. moved 'that' the prder'ilsi.taking
into' considvtition the Petition' pgaiost the liridge.,
water k.:,leaionshoUld be postponed 'from. the 17th
of March to the. second Tuesday, of April,' on the
ground of some of. the Witneisses.having been sub-.
',Lensed to give evidence on sornetrials at the As,izes,
at thp tune now fixed for taking it into considera-
tion.

;..

11dr. Rost., the CAANezta,Ott of the Exoitiatika,
and mi..
,AOA tl, Opp alite.ti tits: delay,, Qtl. the.grootid
that it its better that the trial, on ‘vhich these
ii,itnesses-were suhpu.an-ted should be put off, than
the trial or the merits of the election. -
With
,t he leave of the House, Lord Templer
withiliew his Motion.
LOrd NI rt. eee gaie notice, that' tn-morrow be'w ill
move, that there be laid beftire the lou:;e Copies of
the Note addressed by LordsLiollAnd and'Atiekkind
to the American Minister, dated Deaftiber
1806', re'lat'ive: to the Treaty. is •
Mr, SitekinAtt gave na:icti-, that on Meiiidaynext
be will move that there laid.before the Huse,
Copies of all tlt. Corrtrpondeneo between his i\la-
jebty'i Mmisieti, and the Court of Stockholm, after
the-taking Of Copenhagen, upon the subjett of. te-
taining posseshion of the Island ofZealand.. •
• At;14.F.1.31151,11' W ETA E'
Lens' 1-1 E BY PETTY" tbai he: observed'
from rho ript..rs that ibsa.becti h ici. Iketin'is the HottAe,
that the flank liJilagreed to grant a loan of 3 Million's
to Gaveli), I le! 1, cvmhtion.t hal tine Public Accounts
sht,,old ..be eo:itinited to he,.kgpt, w„k
the alone way that they hattinthef beim. Tl4t4Pittin,
ceflor of the Exchequer, itt one of Ins lel WO 'Svc nied
to have given his dissent, and in anctiledik* consent
to. this proposition, wi-slw,l that lat,,w9uld now'
explain tins.' appaent hwotisidollcy. •
771. e, cII4NCELL QR., to' the .I?..NC QUEf.
replied, that it was understood between, isisu ,and
the Bank, that no alteration fotloold take. place
the tnode of transiteting the business, between that
Corporation and ,the Though h oriel not
unthriitaii,l himself ai precluded by the agreement'
from e:lo.,ing in cett:iiii cases'a
tic4l of the iiiimey is4ued from the 14,1,5".:equer ttothe
6Ortiee, than had hitherto been .pracl isecr.
The House [raving Nsolved itself into a Committee
of the %‘1)01:... House, to consider iurther of the Sup-
ply• to be to his
The 01 1, INC EL 1,0 : (g* the EXCITE;
expressed the high satisiatlion whi4.:ll he•tolt call-
ing the .ittentien )1 the Committee to tot agree-
ment that he had entered into with the Bat*, and,
Irbich Was so advantageousin,ail respeCis, that he
presumed the Cotnniittee would find 4)l9.oficuity
approving of. it. As the. Paper 4, comeining the
terms of till, bad, been printedi,and were
in the.bands of Honourable Gentlemen; 1ie34.1 not
feel it necessary to go much at length into these
arrangements. The Committee •s(.tild he ,aware,
tout Alt, Committee on the I...;;q)enditure, in
111411 !It CiAl fteport, liitd direded inquiries to
three distinct liuittti ; first, the profit derived by the
Bank tram the numegetnent of the public debt;
becomlly, the balance., of 14.0,lielnoney remaining
in' the hJniiii of the &ink ; and thirdly, to the state
of oncinimed dividends. On tho first of these heads

it suggesta4 itt,elf, that in con,c(inence of
the gre-a: increase of the rk bt, it ii,ight he Initiml.ed
CVI-11)a more .It.ivantagtloas to tilt public hay wi;en
its.all',ount WM till Miler. Attu_ hzr,Jis of
a new arrknge.inent betweenhiin t4t,t the Bunk,
respeoiing 1.1. e w 31Jui;;:ctt to be Ittittie for the ma-
na4einent of the (If the following was
ti4C

:3410, per 111 Avail per animals u'iwri the whole of dm l'n.
fcticiatlcti, Ociat, jr 14 400 otilhoos,
anti nut exec ti 600

,3001. per raillam ptr 3111/11171, upon the whole amount Ut4iir4
e%‘esii of Pebt uut•44eerrwd above.le the ari4
6,0 miilioas continuing in such case to be maiaged at the
atores,Ml rate of 34i1. per million per' annum.
4501. fuguillion per annum, Upon :the whole tyiredeemea
peht;w I:never 4 may exceed 300 millions, and not amount
to 450
From these proportions it would be onserved, that
the allowance was reduced from 4501. to 3401. from
which the 'public would derive a saving 'of about
65,0001. a year. If there were 0.4. Gentlemen who
might be of opinion that a still more advantageous
arrangement. might have been made, he requeeted
that they would take into consideration the circutie-
stances under which the present had,been' formed, ,
and that they would beer in mind the tontrao
isting between the Publit and the Bank, in virtue of
'which 4.5:01: per million was to be paid to the Bank
for their enanagement And if they did this, he
`was convinced that they..would agree with him in
thinking that it would have been no leseuejust than
,unwise.tO employ theforee of Parliament in break-
ing in upotethe terms Of a positive convention. 'The
new arrangement: ilaci;boti 'made with the consent
of the Bank. Directors, and had he, in the face of
en existing ebetraa, arbitrarily imposed
_terms npoe
them, contrary-to stipulations formerly entered into,
'the country would have lost more, by a •breach of
faith. than :it would have gained by any additional
savings which might have resulted from it. The
abatement was fully as much as under all the eine.
cumstances could nd expeaed ; .he should therefore.,
abstain front any farther `observations upop this'
beer he saw whether or not objeaieus were te
'be Made to this part of the agreement. The next
article oFthe agreemeut was, that-the Batik should
advance. three millions, as .3.10 an. to Guecretnent,,
during the Were witiwut interest,
,in considetenibe ,
of"the'.leirlauees of public money which were colt-
stantly ih bands. •" In the ißeport of the Ceimmite
tee, the average-amount of these balances was stated ,
at 11,104,9191. But the CoMmittee had inteoduced
into this caleulation an item which he thought did
not properly belong to it, viz, the Sum 'remaining
oe account of the Coiumissionere under the Con-
vention with the United States of America, amonnte
ing to 475,02e1., which rather, belonged to the head
of- private ceitOra than to that of, public balances.,
After making the deduaione the. public balances,
Would be found to amount to somewhatenore than
ten millions and a halt'; but as in future they might-
be a little diminished, he would calculate thernette
tern millions. ,*The •Counnittee appered to have
formed ,a sort of estituateof the: advantage which
.theentblic might derive from this source, in the fol-
lowing passage of their ICeport-e--:‘` 'The eutitoritle
of Nlie Pitt, and The consent of. the there9overnor
of the Bank, established a general principle of 'par-
ticifeition in these profits of the Bank„which arose
frern their exclUsive privilege, and from the balances
of public money in their bends, and whether the
participation be- in. the. proportion efele4ch, 1-3 d,
it.cennot tail tq be extremely,cOnsider-
able." Freet this it appeared; that the largeit ex-
' peCtatien of theCormnitteedid not go beyeed 4 half
of the profits, and therefore it wonki not.be unfair
to take the medium between. their lowest .and their
highest estimate of a fourth and a halfe 'twee Ile-
ceseary too to bear in mind, thet having already lent
three millions to the- public at three percent. the
•punlie eeis a gainer of two per cent, upon that settn, -
or about tio,nool. a year, which was eqeivelent to a
loan of r ,etioo,oool.-enore. It 'was but fair also 40
take into cousideretien the amount of the average
halanceein the hands of the Bank,- ar the time when
Mr. Pitt 'Made his laSt agreemeet with that:-Pody;
which
.were somewhere about two millions And a
half, so thet when these. two sums were deducted,
viz, the batthees- then existing, and for which- a
eoinpetisatioe was already ghrtin, and the. I ,200',00(11,''
gained by the.public oh the loan of three millions at
three per cent. Lk balances, for winch the, public
had a lair Claim to compensation now, were reduced
to about 7,500,0001.• The Bank then bad conseute
now-to advance to•Gevernment three reillioes.evithe
iintinteyest,.whicit
.W 4. allowing the public nearly
One half of their profits upon these '•balances, aad
when the million arid. a halt that. they edVan eedlfet
year was taken into ecceent, if weuld be fOutelinat
the public- lied more than, a itt4oiZty \ Of the pones,
illicit Was surely a fair,participatiou, end iii Ore than
the COMmittee in the RepOIL seem to have celculat fel
upon obtaining. From' a misunderstanding which
prey tiled between lint ati.c.i the Bank, &trifle IVO
whole coarse of the acgociation, 'he teas unable to.
state to the Committee thelegetiescend of the Bailie'
to the tted propositioe which he wee:11)0m to-makei
at the writ tit;ie tt si.'33 at °rice so adeentageouseued
reasonable ti,at he had not a dodbt but the Commic_..
tee would adopt' it. lit the. Report
.6r:the .
teepr -I.)nettee the average -amount unclaimed.,
Dividends. and leottery Peizeeehad; been stated 'at .
.etelet IA out of which 376,230, 1144 been already,
ui the year t tiob, adyaned to 4ovori4nent without
interest.' Whet he eneenteceproeibse therefore was;
that 500,0001. should new, be :advanced from this..
fled, would still, leave in the hands of the
flank a shin of I tit,oooT.ee-e sUirt hittzly, to an4Wdril
arty del-needs Which were likely to be Made upon it
by 'persons to whom these dividende Were clue. Tc.o
this trottiqtre, however,: he 'had not the consent of
the Bank, nor was it necessary, because the' public
had an undoubted tight to take thellW of their owe
-money, Indeed, (m 'reviewing the different 'branches
of the traes.,taien, it .:wes material that Gentlerneu
aliould not ruts at, ay with an idea which he hadeeen
in print,, that we Were now laying eiolent hands
upon the profits if the' Bank, and that the Batik
was not lendieg 'lnoney to
,the phblie :out of its
savings. • On the elptr4y, it was materiel to ,it,7:
press upon the roprietora of Bank Stock, that
it was mere!' advecteleg money to the public &el
of the *deposit* ni ele • by the public, and that
had this been refused, the ;public might in future
Wee so employed or regulated the issues of money
from the Exchequer, as to have saved the interest:lf
money which it vies now obliged to pay. Upon the
whole, he conceived- the arrangertients to be lair
and advantageous to both parlieseandhe .was
fident that the Committee would., have Pleasure in
adopting them, as they would materially diminish
the burthewi, which' it would be .nevessary to im-
pose Neel the people, to meet the expences of jite
current year. Lie concluded. his statement with
moving, " That there be paid into the Exche4uer
tbe.surh' of eoe,ouul. but of the unclaimed
llivi-
elends and Lottery Prizes'; provided always, that
there remain the hands of the Bank, after the
, , ,
payment of this sum, together with the stun of
370,7091. formerly advngvd horn the Some feed.,

'the-sum of itio,oool. for the purpose of satisfying
thedemands Of legal claimants" - •
,•• Mr. BANK&S' commenced with complimenting
his Right Hon. Friend on the able manner in whieh.
he had given the Statement be 'had made to the
Committee., He had, however, one 'or two 'obser-
vations to make on the nature of, that •statement ;
and he
..would begin with observing first,. upon the
.14s.t pattof what 'had 'fallen from 'his Right Hon.
Friend : ilkitirely agreed' with him that in the
present. instance,. the Bank was not lending "its own
money, but that of the Public. There had been,
included nearly 100;0001. which, according to the
AO:of:l77i, had been left for the payrntiorof un;,
clahned dividends, but there had beenalsO
od'ileottery Prizes to
,the amount 'of 13;0001. He
could not see why those sheuld be, held as distina,
or not be Comprehended; as well' es..thelorMer.
.According to the Report 'cif the corninisShiners for
-Auditing. Public. 'ACcounts in 1786; adalloWance
.Nacl been made for the debt as continually fncieasing..
The business was at that time arranged. at less-than
001..f0r every 'million, but at present ''for the sum'...
of six millions 3401. per Million was toPaid; this confessed, he thouccht- exorbitant, and even ip
the bargain that was then concluded by the•great
'Statesman then living, he did think that .greatman
in error, and that the Cotrunissioiters had seen that"
bilinesi in a better light. He, for his part, should
Lave *preferred a. bargain in Which there. was • a
larger dedattion from the rate of allowance; .theugh
the loan should be smaller ; because the • former
waSpermanent, and the latter Contingent. Another
coustderation.VA,.that the Bank had in their-hands
thi entire controul of the CoMage, and. that-, it .was
.at easy for theca to coin money, to the amount •of
the
sum hint to Oovernment,. as to issue anew the-
allount of what 'Banlc vaper Was canci.viled yesterday:
His last and most- serious objeCtion wa3,' that be WP3 ,
inclined to disapproxe of every thing that drew the
Bank into any totineedon With Ministers. At the
same time, if asked whether be would acquiesce
In. the:present bargain, or" -set the whole buiiness
adrift again, he should be tlisposed to agree to it as it
4t..pre'sent stood.

.
TIERNEY said, that. he hoped the Righ.t-
:Pon.. Gentleman would
,bedisposed:to receive what.
ever observations be telt it his duty to offer. to- the
A."oinieittee, with the same teroper. with Which.ll6,
(fir. T.) should make them.. As to the manner, of.
the Right Hon. Gentlernait's statement, the, only
lank he had to tiud was, that theßight Itati.. Gen-
IlMilan had see Med Ad think rhat, provided the tat r
,:g4in, ag a Matthro. f gain t there coup
be no objection to the nature ot,the hargainvput he;
thought, differently, and his- vital objeCiCon to they
nature of the bargain , was, that while the' public:
were the guardians of. ti) „Bank, and had itupeSed.
.upon: it- a restri6tion with regard
,to ,the,, issue of_
specie, it Was extremely indelicate. (to give it .ne
worse name) for the public to make any. gain by
such restriction. - The Bight Honourable .Gentle-
-man had said a good deal to ',rove that .the:Bank
Was only giving us back our own money, ,but
this was net to all intent's and purposes a. loan, he
did not know what-a loan was; the Bank was not
to make too much by, us, nor
.we to gain by
, them ; the Bank had, to a great amount,. public
money lying in their bands, acid out of that motleythey lend its three rttiithon, to do what we pleitse
with, and without interest now, if' iestead ul three
millions without interest, we had from them the
interest of that three Millions, 'the -,irrangenrent
would not be so .objeLlionable; for according to he
present plan there is. loan of three _millions,
but according to his proposition there would be
annual.payment bErbO,oool.anti thus the Bat*,
keeping theprineipal, wouldemy, to us the interest
of what lay-in their haeds, with this proviso too,
that they. 'should take .into their own hands the ma-
nage:nem of-.the debt‘without reeeMngany addi-
tiuual payment fer•so doing. Heehought, it a bad
bargain, that the Beek have 100,0001. for the
management of 'lO millions. He would take upon
him to say, that no private Banker would reinse to
do business to theamonot of 'lOO,OOl, it t here were
left to millions in his hands. He canteeded, that
it was highly improper that the public should be
participatorsinany, profitsarislng out,of the.restric-
tions imposed Upon the Bank the present plan too,
of Government being obliged to have recourse to the
Batik for a luau did' 'not look likedhavieg a proper
confidence: in the resources of the, .Countryl. it
• would. be hard
,to cenvitice a Frenchmen" that there
was not sonfashifting in 'this. When similar steps
were sdapted by, the Cais,:e des Comptes, it was no-
torious how they were censured in:this Country.—
Besides, he believed then; never•wits e • period in
Which a loan could be.:mere readily negi)ciated.;---:
trade was stagnant, and,,there was -a ;good deal of
Money, on band,: 'nit* Him. Gentleman then pro-
.Ceeded to read 'extra6la 'froMthe Correspondence-I e
ewe= the B'Onk, and tlw. Chancellor of the xelte..
quer, in order, to prove the relgtanenof the Bank
'to accede to the first proposition of*the night Hon.
Gentleman, .and be se‘tar agreed with .the Pank,
that he did not wonder .at its reln6tance tvO'pot six
millions out of its own reach. • BeSideS,:he thought
that ParlitiMent should., be:cautions in taking, those
three millions; until the circumstances of the Bank
were more. clearlraicertained. For what had been
titer conclud of the Bank since 'the year 17994 They
bad divided-bonuses among.t lteitiSelves to 'the attoqiit
of four. millions, and bad' ,increased their dividend
from seven to ten per cent. Would the Right Hon.
Gentleman state to-the House the circinnstantes of
the Bank, or was he, prepared to say, that. this step
-would retard the taking off rhe restrie.tions? But he
hetrr knew much good come of such interceiuse..
Pitt, in 1195 (greafa wanas he was), came off
but second best' in a contest with the Batik. Then
the Bank, in asudden .panic, would listen to nothing
immediate repaymetit ; bet now they can dee'
out large advances with the greatest composure.
thifi occasion they lent
.its three millions, which he
did not believe .wouldlcost them three pence. Did
they mean to make a fresh
_issue of notes to the
amount of-the three
.tuillionsi or did they mean to
injure the commerce of the country, by refusing to
discount private bills ? And here he could-not help
.reminding the House, that, at the time of the re-
newal of the Bonk Cetnpany's Charter, it was cur-
rently reported that there was one million of notes
afloat above-the ordinary calculation. He could not
'see why the Bank should have 100,0001, clear profit
in addition to the 3401, on every` million. The
pcnccs of the Bank were notorious, and they were
well able tp defray them, gut of their own means,

As to theupclaitned.diVidends, he thought it st mere .
trick en the part of the Bank to -*nrake the slew of
reludance they had made.
Mr: 1' iiuwrot~ 7atinied • that the Bank Would
niaker4tsne to the amount of the-loan to Govern-
, :
/yr: mytAris3og.:eiit6eci into a long defence,_
both eftiiVii'ijofits of itiebargain and tire nature Of
the bxgon,itself„ He, dwelt upon the great inecii7
velfleirce thatwisuld'reliult-ifrom taking the manage-
ment Oftliedebt int:6i4t\itawn hands, and contended
th 4 Ba nk %A',ia -lief overpaid for that management,
•
an Alartcwiould be produ&ive of Much greater ex-
pence if
.we took the Management of said debt into
our own hands. •
Mr. 11. 1-1101? A TON expressed himself tolera•
bly satisfied 'with • the•-•bargain that had 'in this, la-
stah6. been -made T4r agreed with -.•
his. Hon. Friend (Blithe's), that the rate of allow-
'once for Matieement . might have been reduced far- .
•
•ther,'had it not been .fOr the ACio•of Parliament that
stop& in *the way:, ' Ent :taking these 'into, considera::
tich,o/1114elieved.the Right Hon. Gentleman • (the
Chancel* of the Exchequer,)'had reduced ,it near-
ly as 'Mies `-the *laVv•ellowed :him. With regard
tv •the three millions, .he thought that the public
,wqultt4i4ve -a, greater • advantage from these than
frohi the allowance of the interest recommended by
*soherx..mleu.-c7ll.lh.,:rihnecyon,:oiutri.:trteol-ytlioesßeatLii)ke Ail'iotueltirestnootf
three million's of'EtcheqUer All this. he said
did not oitni!iish the' duty of Parliament to look with
jealousy toihls4rinnuntof Bank Notes in circulation.
It', might ihappen7'too, ,thaOthe.' Commissioners of
rite Sulking Fund'. 'might find.' it' convenient to Ife,t
coine subscribers to the Joatisand lie balance
the Bank would, bythis. means, be diminished.,
Wished iroberefore, to be'elearly...understoed;
the CoMmissioners might' be at. liberty .to becolee
subscrabers tomthe. loan, if convenient, without its
being considered as any infringement of this agree.
meat. , **
•
Mr. Hustissow, in answer; Stated, that express
care fia4; been taken to ,provide,that Government
.should net' be gecluded from resorting to,any means
for reclaing the balances, • • -
Mr. obervedithat:shough• the '15511.0
of the, tank hitglif -act eiAirged- by.the t'estrietionl
'their capital was still limitted, and unless they had,
'mi • much Capital then,tlterelid not know %vita to do
'smith it;. they.. musrbe losers bp:lending-these-OW
.• - •
pE said, that on two branches of
rzy
jll a 611t1houtht 'neassa rY tta •
trouble the . ()Use wifh,l,4 ZitUrvatiOn'S Tit
ifie-subject of Unclaimed:, biiidends he, felt
much,inelined. to conctz n, die view of. the Right
• Bfllollol,ll,ettiatt. 04410; !The flnit DireCturs, i;t
Ate course oZ the 'Cot)Yelf:ctiteS "on this subject, natu-
',rally resorted to the,i,Wition ofien..l.lnclaidied
whiCh had been,allowed by certain ties of I
.ITat*aaletn ; yet the natural: definition lee shoUld
;take tisge, a,l)ivi‘tend that was not clainvd in, the,
,quarter wheiolnti,',.vvithout refirenCe to the next
quarter. Of these DividendG all that could be taken
ought undbUbtedly to be iPplied,:to the Public. Scar"
ino4oool. left in the Batt):, was an erupt?
stmato meet any unexpected demand. The Hon. DI"
rfecthr (Mr. S. l'itotnton) had hinted an instance ofs
.e.t.,:altviteltdutiia>etecallylr4sioi.iiiittseotailitcewso,str a lIT!
sudden demand fur 50,0001.,-but he must know 01'1
open to
;tilor trthfile::sEilietb.ittrno
quer., -He hoped, therefore, the Right
Gentleman would persevere in this pact a the in.'
rangement,
rangement, and he • had nu doubt the !lank Direco • ,?
tots would, on further consideration, De 10664'
With it. . On, =Alter, branch of the transaction,
the Ituanagement of the Debt," he would also 63Y
but ; for though he thought that this might Ife
.
condud with More economy, yet as the Botm
ittetlYid this as agents, and not exactly
1%h:11 E0:real:;
I
n
iordbis
ary line of , duty, they certainty bad ato
Paid as agents, and not merely as bankers. Thougar,
n :
the remuneration was larkie, yet he public derived'
a great , advantage from their undertaking the s"-;
nagetnent.of the debt, since it could nut be matiage-
i
in a different :manner without a much larger %.;
pence than the compensation td the Danit.'
agreed that the subject ought to be viewed with are''
•fetetice to this circumstance ; and theretOre
curred in the general proprietiUf this part of tht!
arrangement. With regard to thethird part of
arrangement, the Loan.of Three Millions, he eon:
eurrNitewith the Gentleman (Mr. Bankes)a
and
Iris Iti4lit Hon. Friepd (Mr. Tierney), in txPre4.39;
tug strongest` objeatori to the Mode which 10-
beeti4esorted to` in this instance. His Right
Friend had • said that m 13.1-0011 would not have been
advanced had it, not been for the restrietion. VV,e,t
he core,
titer he was right or wrong in that, he die
know; bur- of this he was-Sure, that the Hottrt
Ought to take care that-the 'Bank Re.striLtion should
not be considered in the slightest deoree in this 1r W, ,
The restriction was by on"
s
doe tO
pessit.e et the time it. was imposed, and it was id
the Public' that nothing should be done which shoutio,
in the least retard the period at which it Might-ic,,
taken off. If any accommodation was giien'er
teptecl, Witlf reference to this restrietion, it wt? b.
be attended with endless mischief both to the Yu
lie and thißank: He thought it. the more necear,4;
to advert to this, because in the Correspondence tits;el,
;was . no dire& recognition of the exclusiOn.°l,he
-coesideration. of the restriction~; and if what '• ,0
Direaora said was correct, that they did not cler°(i
a prblit from thP balances up- to the amount assort,l% ;
ihy 144 Chancellor of the Exchequt,-1, he was at 3 J°:„
it() know:on other ground they could agreeut;
ads.-ance this sum, except that of the restriaion, 'Le
'could not agree that we were here only takillg4it
.publie money ; our right-was to derive some Pruin
from. the additional notes issued from the Banl,.
,:eoriseetieticeOf the balances in their minds. ir ,1,0
Bank should issoe an additional three millions 00,!,,,t
'count of this Loan, they would not be losers 170. •
gainers. Perhaps they did not intend it---hot.nut
wished to have some security on the subject. "5
it they dma not issue they must draw three ardetp".
frOm some source; .acid they must afford leis accr re.
'modation to:the public in discounting, Stc. by
t
44111,1°115, than before: He then proceeded to th?sv
..v,
'peritifindvantages ',vine!) wood bv, derived fron!.11000,
ing-Wfigular and permanent allowance of
'which 'a Loan might he raised in another tuannet_iso
Ht;`dhiettteedf also
in caw of inciedie of Ole baran:es beyond Itt 1"
tihrtantit ttlaTiriTgaitittylllortrli;eGr itedivltrienl

WiIICU
was very Proinete• tie coulees% ny
r "emit".., that he was glad, however, that the mat.
ter had been brought so far to an issue favourable to
the public. r 5. Noble Lord (Grenville) much con-
, versant in these.subjects, and he himself, had often
insisted with the Diredors, that they must have a
great profit on these Dividends, but the Diredors
I' • would not allow it. Ho was glad the Right Hon.
Gentleman opposite had succeeded in convinciug
them.
Mr. MAleeteo, after stating that the allowance
made by the Ad of 1701 was not more than was rea-
sonable for managing the Debt, observed, that he
and his colleagues looked with anxiety for the period
when the restriction could be removed ; and no
alarm need, therefore, be entertained on that ac-
count.
Mr. Baooper; did not think the advance to be
made by the Bank adequate; but, inadequate as it
was, he thought it prudent to accept of it, rather
than that any hostility between the Government and
the Bank should prevail.
Mr. BIDDULPH was of opinion the agreement on
the part of the Country was in the highest degree
inadequate and improvident. L
Mr. CROCKER and Mr. P. CARZW supported the
measure in every particular.
Mr. MANNING vindicated the condua of the Bank
throughout the transaction.
After some explanations between Mr. BANKE6I,
Mr. PeneevAL, and Mr. Husiossore, the Resolu-
tions were put and agreed to, and the Report order.
et! to be received to-morrow.
Mr. WIIARTOW brought up the Report of the Ex-
theqier Bills Regulation Bill, to which some new
Clauies were added, and the Bill ordered to be read
a third dime te-rnerrow.
The Committee on the Malt and Pension Duty
Bill teas postponed till to-mormw ; and about twelve
o'clock the Rouse adjourned.

MAILS.
$ Waterford. Dui--7 COttellbUrgh,
t Waterford.

PRICE 01 STOCKS
AT TWILVIC O'CLOCK.
ectiticils . .... .... 63i

THE SUN.

atil.tM %OM DiCIA, IALIUII AUDLAT ?

LONPON,
?i$fJU AYE ni*avini 1, lsos.

BY Letters of a late date from America, accounts
Ore received that the Statira Frigate, with Mr. Rosa
on board, arrived at Virginia on the 30th of Decem-
* and that Congress was prorogued. ,

THE Duke of MANCHESTER sailed yesterday from
Ntsmoutb, in tbo Guerriere Frigate, 'or Jamaica.

Tibute is every reason to suppose that the strong
Measure recently adopted by the American Govern-
-4t will produce very serious consequences in that
Country. The' Papers are full of the most violent
itmlittivei against Mt. itrysasow, and it was even
je"
,Pe4, but we apprehend without foundation,
In" Mr. ItsbrboLrit bad moved for an impeachment
against him in the House of Repesentatives. Yu
the Debates which took place upon the quasi ion- of
the Embargo, the strongest language was used by
those who opposed that measure. It' was repre-
timed ps a slavish compliance with the commands
of RUONAPARTS; and , Mr. MASTERS said, 1" I, will
Stake my life that the band of BUONAPARTE is itt
this thing." Other Members expressed an appre-
bension that they were about to be added to Hol-
land, Naples, Westphalia, and the other unfortu-
nate Countries to which BUONAPARTE had given
Kings. ‘1 Who knows," said Mr. RANDOLPUt
" but at this moment the Prince Regent of the fu-
ture King of America, who is now puling in his
nurse's arms,' may be within these very walls.".
4.lthough the Embargo had subsisted so short
a time before the last accounts came away it
Lad produced even then most disastrous effe6ts.
Thouslnch of workmen were turned out of employ-
ment, and a general gloom and dissatisfatlion seemed
to prevail among almost all classes of the People.

A report, of which we have not been able to trace
the authority, was yesterday circulated that it very
serious attempt had been made upon the life of Jo-
asPu 13LIONAPAIITE. It was stated that a number of
armed persons had placed themselves in ambush at a
small distance from Naples, near a road along which
it Was known that JOSEPPI BUONAPARTU wag to pass
attended by his usual guards. The attack was
made, according to the plan laid, and several shuts
Were fired into his carriage, all of which, however,
mused hint. The guards, fifteen of whom were
made a vigorous resistance, and at length
succeeded in beating off the assailants. Such is
the report which was yesterday in circulation : we
Nape already stated that we cannot vcuch for its
Ituthenticity, but in the present state off, the King-
'l°4l of Naples, we think such an attempt by no
leans improbable.

Letters received front Gibraltar state, that the siege
of that important Fortress is determined on by the
Pretich ; and that a large French army is now on its
match to Spain, for that purpose. Some of the letters
ttelition, that the Spaniards had ,adually begun to
mileCt fascines in the neighbouring country, and to
Brit' depots of grain at Algesiras, for the subsistence
of the besieging army.
Yelitorilay the Princ,.Asrs honoured Lady C. Ft Ncif
in a vi,it at her apa en TO 3in St. James's. Palace.