The Sun.
London, England, 1837-07-01 00:00:00

MONEY MARKET-FRIDAY.

A very large amount of acceptances has become due
within the last few days ; but, in consequnce of the timely
assistance of the Bank in discounting liberally, and the
warning which all parties have recently had to prepare,
everything has gone off satisfactorily, and commercial mat-
ters generally, we are rejoiced to find, arc beginning to is-
suine a more wholesome appearance. Distrust is fast
wearing away, and although it is, of course, still difficult to
negotiate bills to any extent, yet for first-rate paper money
is more abundant than it has been for souse time past. Tl:e
letters from the country, also, continue to be more cheer-
ing, and in the manufacturing districts, where thousands
of persons were out of employ, and many establishments
worked but half-time, able hands arc getting daily into re-
quisition, and the mills are extending their operations.

Yesterday morning, between eight and nine o'cloc%,
a young man named Morley, rc siding in Francis-street, Com-
mercial-road, Lambeth, while in a state of ungovernable pas-
sion, arising from a quarrel with his elder brother, dashed up
the window-sash of the apartment he was in (the front room on
the second floor), and instantly threw himself head foremost
into the street. lie fell with tremendous violence on his hack
on the foot pavement, and when lifted up was insensible an.l
bleeding profusely from the mouth. Ile was removed to Guy's
Hospital, where he was found to be suffering under a violent
concussion of the brain, and also severe internal bodily injury.
No hope is entertained of his surviving.

IMPERIAL PARLIAMENT.

HOUSE OF LORDS, JUNR 30.

The Lotiv eiiitNcF.Lboa, Lord SHAFTESBURY, and Loid
DUNCANNON, as Commiiiionefs•gre the Royal Assent to the
Registration and Marriages Bill, Ttiriipikes Act Continuance
Bill, Recorders' Courts Bill, Shire Halls Bill, Pillory Panish-
ment Abolition Bill, Royal Military Canal Bill, Public Works
Blreland) Bill, Chester and Crewe Railway Bill, London and
irmingham Railway Bill, Birmingham and Derby Railway
Bill, Leicester and Swannitigton Railway Bill, Durban and
Sunderland hallway Bill, York and Noftit Midland Railway
Bill, Manchester and Birmingham Railway sill, Merthyr T 3 d-
fit and Cardiff Railway Bill. London and Southampton
llail-
way Bill, Newcastle-upon-Tyne Improvement Bill, Ipb.:!ch
Improvement Bill, Ipswich Docks Bill, Brizharil Harbour and
Market Bill, Belfast Harbour Bill, Warkivorth Harbour Dill,
Hartlepool Pier Bill, Glossop Reservoirs Bill, Ellesmere and
Chester Canal Bill, Ouse Banks Drainage Bill, Barnsley
Waterworks Bill, Leeds Waterworks Bill, Bristol Court of
Conscience Bill, Bristol Encroachments Bill, Bristol Parcchial
Rates Bill, Shropshire and North \Vales Assurance Company
Bill, West Cork Mining Company Bill, Sligo Salmon Fish-
eries Bill, Over (Cambridge) Inclosure Bill, \Vilkins's Estate
Bill, Cearns' Estate Bill, Nairne's Estate Bill, Dean and
Chapter of St. Peter's (York) Estate Bill, Rayley's Estate
Bill, Hind's Estate Bill, Stewart's Estate Bill, Wigan Rectory
Estate Bill, and Martin's Naturalization Bill.
The LORD CHANCELLOR then took his seat on the Woolsack.
Lord HATHERTON presented a petition in favour of
the London Caoutchouc Company.
The Duke of BUCCLE UCH presented a petition from
Dundee, against the Dundee Water Works Bill.
Lord HARDWICKE presented a petition from a union
in Cambridge, praying that the poor tenants might be ex-
empted from Poor-rates. The Noble Lord concurred in
the prayer of the petition, as the effect of the present law was
to throw a poor man, although industrious, into prison, if un-
able to pay the rate ; and he thought to throw it on the owner
of property would be a great good.
Lotd MALMESBURY concurred in the observations of
the Noble Lord, and would be glad to find that something
should be done.

Mr. HINDLEY, and other Members of the floute of Com-
mons, brought up the Manchester Gas Bill, the South
Eastern Railway Bill, and several other Private Bills.

The Earl of Nt-VICkLOW gave notice that on Monday he
would move for a document connected with the Administra-
tion of Justice in Ireland at Quarter Sessions, namely—
the circular letter of the Attorney-General to the different
counties, requiring that all proceedings at Quarter Sessions
shall be first submitted to him.

Lord BROUGHAM presented a petition from the
inhabitants of the city of Glasgow, signed by the
Chairman of a meeting of a great many thousands held
there. He did not concur in all the opinions of the peti-
tioners, but he agreed in the fact of the matter of which they
complained. The petitioners stated that great distress at
present existed, and their conviction of the necessity of the
repeal of the Corn-laws, or the trade of the country would be
removed to other lands ; they also, in reference to the com-
mercial distress, prayed for an inquiry into the conduct of the
Bank of England. The petitioners prayed that the bonded
warehouses should be immediately opened. The Noble Lord
also presented a petition against Church-rates from Blackburn.
Also a petition from the ministers of thirty-three churches of
the Baptist congregations in Pembrokeshire, to the same
effect; and also that the Regium Donuni should be disconti-
nued, and that this fund, and the riches of the Church of Ire-
land, should be appropriated to the education of the people.
Also petitions against Church-rates, from places in Suffolk
and Norfolk, and from the Dissenters of Ipswich. Also a
petition from the shopkeepers of Edinburgh, praying for
the rejection of certain clauses in the Small Debts ( Scot-
land) Bill. Also a petition from a public meeting held in
the Tower Hamlets against Church-rates. Also a petition
from
.Mr. Thomas Hopper, complaining of the manner in
which the competition for building the Houses of Parliament
was arranged; also a petition from 1,400 inhabitants of Lon-
don, praying that the National Gallery, St. Paul's, West-
rainster Abbey, and public institutions should be opened to
the public.
Lord HATHERTON could not 'allow the petition to pass
without saying a few words upon the subject, which he was
glad had at last been taken up. The people of this country
had always, as regarded the public institutions, and works of
art, been in a disadvantageous position when compared
with other countries. It was a disgrace to Government and
Parliament that such disadvantages should exist ; tending as
the admission to all the institutions would do to promote re-
finement. And had any evil result occurred in the shape of
the destruction of property by the increased admission of the
public to the British Museum and other Institutions? He
thought that free admissions should be given to St. Paul's,
Westminster Abbey, a part of the Tower, the National Gal-
lery, and other Institutions.—( Hear, hear, hear.) He really
thought that such Institutions should be open for two days
in the week gratuitously, and that on other days a charge
might be made for admission.
The Earl of WICKLOW moved that a message be sent to
the Commons for the.first and second reports of the Select
Committee on Fictitious Votes (Ireland).
Lord CANI PE RDOWN presented a petition from Dundee,
in favourof the Dundee Water Works.

The Marquis of WE STM EA TH moved that the House re-
solve itself into a Committee upon the Right of Recoveries of
Presentations Bill.

The LORD CHANCELLOR opposed the Bill ; and after
a short conversation, the motion was postponed till Monday.

COMMON LAW COURTS BILL.

Lord DENMAN moved the second reading of this Bill.
The object of the Bill was to abolish certain offices in tl e
Courts of Queen's Bench and Common Pleas, and to appoint
five Masters for each Court. •In the first year of the rcien of
his late Majesty, on the motion of Sir Robert Peel, a Com-
mission was appointed for the purpose of inquiring into the
nature of the offices now proposed to be abolished, and the
remuneration which was received for the same. A strong
feeling was then entertained that it would be impossible to do
away with those offices unless by purchase, on account of the
vested interests of the parties who held them. At length it
was decided that they should receive compensation according
to a scale then settled upon ; but as no provision was made to
abolish the offices, it was now necessary to introduce the Bill,
in order to effect that object. The chief of that Commission
was his Learned Friend Mr. Sergeant Goulburn, who intro-
duced this Bill into the other House ; and he (Lord Denman)
must say that he had never heard of the measure until he had
been called upon by the Learned Sergeant. It had been stated
that the Learned Judges who presided over those Courts had
refused to sanction the measure, unless five masters were ap-
pointed. He (Lord D.) begged to say that this was absolutely
false, and that no such proceeding had taken place. Another
object of the Bill was to reduce the sysvem of taxation in the
different Courts to one uniform scale. It was proposed to
give each of the new masters 12,000/. per annum, and the
first name mentioned for that office was Mr. Le Blanc, the
present Master of the Queen's Bench. It was then proposed
to appoint the two assistants of that gentleman, and Mr.
Dwarris, a Barrister of the Midland Court, a personal friend
of his own, and the fifth was a near relation of his own, but be
believed, in his conscience, that there was no man better qua-
lified for the office, for he had been an attorney, and was just
about to bo, called to the 13,:r. He could assure the House
that he had made this appointment without the slightest per-
sonal interest, and he thought that he should be doing wrong
if, under those circumstances, he had refused to serve one so
closely connected with him. These were the objects of the
Bill, and he, therefore, trusted that the House would agree to
the second reading.
Lord ELLENBOROUGH said that the Noble Lord had
recommended the Bill on two grounds. First, on the ground
of rendering the machinery of the Court more effectuel ; and
secondly, en the ground of economy, lle would not vote for
the Bill on the ground of economy, but, taking the Noble
Lord's authority, he would vote for it on the first ground.
There *was no reduction which would be effected by this Bill
which could not be done under the Act of the year 1825, and
he therefore objected to it on this head. In addition to shit,
he thought the patronage which was to be created by this
Bill ought to he given to those who had the patronage of the
offices proposed to be abolished.
. .

Lord WYNFORD said that the introduction of an uni-
form system of taxation would be of itself sufficient to re-
commend the Bill to the favourable consideration of the
Howe. lie therefore gave his most hearty concurrence to
the Big.

Lord L ANC D ALE agreed in the most important details
of the Bill, many of which were better than those of the Bill
of last year ; but still there -.cue several objections, which he
could wish to see got rid of. His principal difficulty arose
with respect to the clauses granting compensation. ylt was
for the common benefit of the country that those useless offices
should be abolished, in order to procure a more cheap and
speedy administration of justice. It was, therefore, unfair to
impose the expenses on those who might hereafter be suitors
in the Courts of Justice. He certainly thought that that ex-
pense should be defrayed out of the Consolidated Fund, and
fall generally upon the country. With respect to the 24th
clause, he wished also to make one observation. That clause
proposed to give compensation to certain offices, on the ground
that they were saleable ; but he had yet to be convinced that
any offices in Courts of Justice were, or ever had been, sale-
able by the law of the land. That compensation had, there-
fore, been placed on a wrong footing. Those were the prin-
cipal parts which be considered objectionable, and, having re-
ferred to them, he readily consented to the second reading of
the measure.

After a few words from Lord WYNFORD,
Lord AB ING E R did not approve of that part of the Bill
which went to disappropriate the officers of their fixed situa-
tions in the respective Courts. It appeared to him that every
officer should have a fixed station in a particular Court ; for if
the officers were appointed in common for all the Courts the
greatest confusion must result from their passing from one
Court to another. He did not agree in the jastiee of the re-
marks of his Noble and Learned Friend with regard to the
compensation clauses of the Bill. He could see no ream
why the public should not have the benefit of that compensa-
tion being paid out of the surplus fees.
Lcrd BROUGHAM approved most highly of the object of
this Bill, which was to procure the effectual introduction of
an uniform system of taxation in all the Courts. ILI, agreed
that the compensation ought to be paid by the public, fur the
measure was intended for the public Benefit, and to increase
the amount of saving which had already been 'effected by si-
milar measures. It would afford that House a strong ninon
for proceeding with this Bill to state that by a similar trea-
sure in the registrars' atid masters' offices there had air( aly
been a saving of 22,000/. and 12,0001. a. year, and a's) a
saving to the suitors' fund of nearly 20;000!. per year.
The LORD CHANCELLOR felt great pleasure in con-
firming thd statement of his Noble and Learned Friend as to
the saving which had been effected.

Lord DENMAN said that uudoubtedly that sating afror led

them an example and encouragement to proceed with simil
Bills. It had been said that the Judges bad met the object „s 1
this Bill by lowering the fees according to their own discr.!.
tion ; but it was impossible for their interference to be entire'
effectual. He heartily concurred in the principle stated b
his Noble and Learned Friend, that patronage was not th
subject of compensation' at all, and ought to bear no pecu-
niary interest • but the practice which had existed so long, n'S
making it the subject of pecuniary interest, afforded some
grounds for compensation; and in such a case he did not thinq'
it expedient to have regard merely to theoretical and abstract;
principles. He felt very great satisfaction that the Bill had'
In en so well received ; and he could assure the House thit he
was most ready to take any propositions into his consideration.
The Bill was then read a second time.
WILLS BILL.

Upon the motion of Lord LANGDALE, the Commons'
amendments on this Bill were agreed to.

The LORD CHANCELLOR moved the third reading of
the Bankrupt (Ireland) Bill.
Lord BROUGHAM stated that, in order to render the mea-,
sure intellig ble, it would be necessary to introduce some for-;
mai amendments, and for that purpose he wished their Lord-;
ships to adjourn the consideration of the Bill for a short time.l
The Bill was accordingly postponed, and their Lordships;
then adjourned.

HOUSE OF COMMONS, JLrzc 30.
The SPEAKER took the Chair at the usual hour.
Mr. HODGES moved that the Lords' Amendments to the,
Leith Eastern Railroad be agreed to.
The SPEAKER observed that when there were such al

number of amendments, it would be proper to have them
ferred back to the Committee for the next Session, as it would
be a saving of much time.
Sir H. PARNELL brought up the Report of the Com-
mittee on the Dundee Police Bill.
On the motion of Mr. BROTHERTON the Manchestertet.
Gas Bill was read a third time and passed. On the motion of
the same Hon. Member, the Lords' amendments to the North 4
Midland Railway were agreed to.
LOUGH SWILLY AND LOUGH FOYLE
DRAINAGE.
Mr. O'CONNELL moved that the order for taking
consideration the report of the Committee on the Lough"
Swilly and Lough Foyle Drainage Bill be discharged—the '
day's notice required by the Standing Orders not having been
complied with.
Ald. WOOD opposed the motion. It was taking the parties
promoting the Bill- completely by surprize, and he was not
aware that it had been intended to offer any opposition
to the further progress of the measure—a measure which
was calculated to effect much good in Ireland by the employ-
ment of hundreds of labourers. If the Hon. and Learned Ni
Member intended to oppose the Bill, he could have an op-
portunity on the third reading.
After a few words from Mr. %VILKS against the motion,
Mr. NV. PATTEN would suggest to the Hon. and Learned.;
Member the propriety of withdrawing his motion, as he would
have another opportunity of opposing it when the Chairman
and other promoters of the Bill were present.
Mr. O'CONNELL thought the merits of the Bill had
been greatly exaggeraltd, but he should be glad to hear frogs':
the Speaker whether the want of a day's notice did not war-'.l'
rant him in discharging the order.
The SPEAK ER said the House had taken the Bill out of''
the ordinary course by enlarging the time for snaking the
Report, and as the parties opposing the Bill could not at
that period of the Session be taken by surprise, he did not ace
any necessity for enforcing a regulation which might be ad-'r;'
vantageous at the commencement of the Session.
Mr. O'CONNELL would at once acquiesce in the decision
of the Chair, and would not press his motion.—The motion:

was then, by leave, withdrawn.
CORK AND PASSAGE RAILWAY.

The HON. and LEARNED MEMBER then brought up the Re-1
port of the Committee on the Cork and Passage Railway Bill
(No. 2), and moved that it be taken into further consideration
to-morrow.—Agreed to.
MONTROSE HARBOUR BILL.

On the motion of Mr. DILLWYN, the Lords' amendments
to the Montrose Harbour Bill were agreed to.
GREAT WESTERN RAILWAY.

On the motion of Mr. JEIt V I S the Lords' amendments to
Great Western Railway Bill were agreed to.
Sir JOHN WROTTESLEY hoped that measures would,
be taken next session, to prevent these Railway Bills being'
hurried through at the close of the session.
SLAMANNAN RAILWAY.
On the motion of Mr. HINDLEY, the Lords' Amendments

to the Slamannan Railway Bill were agreed to. 61
Mr. GI L LON presented a petition from Linlithgow in fa- -,7.
your of the Prison (Scotland) Bill.
Mr. MAXWELL presented a petition from 2,000 loom-
weavers ....'
in Spitalfields, complaining of distress. He hoped
that the Government would speedily adopt some measures for'.
the relief of so deserving a class of the community. He moved ,
that the petition be printed, as it was intended to bring the,.
subject under the consideration of the House on the 4th July. r.,
Mr. CHALMERS presented a petition from the Town q,
Council and Chamber of Commerce, from places in Scotland;'
in favour of the Prison (Scotland) Bill; and another fromti
Cie Handloom Weavers of Montrose, complaining of distress,.
and praying that the the quantity of corn in bond might beV.
taken out ?or their relief.
Mr. SHAW LEFEVRE brought up the report of the.
Committee on the Highway Rates Bill. 'viSi
Mr. WYS E presented a petition from certain inhabitants of :it;
the city of Waterford, praying that the House would adopt a:I
system of national education ; and another from two Cleray-s7
men of Newfoundland, complaining of the conduct of Mr.
Bolton, Chief Justice of that Island. ;$1
Mr. O'CONNELL requested to know whether the Hon.
Member was about to submit any motion on the subject to theti
House ?
Mr. WYSE replied that it had been his intention to move
for a Select Committee to inquire into the subject, but as the
Session was advanced, he would reserve it for a future day. 6:',J
Lord G. LENNOX moved the further consideration oftr,l4l
le Brighton Railway Bill. Ni _.__

Captain PECHEIL presented a petition, numercuslyo
signed by a respectable portion of the inhabitants of Brighton.o
in favour of a direct line of railroad between that town and tiler.
metropolis.
Mr. %1 IGNEY supported the prayer of the petition.
Sir RICHARD AI USG RAVE presented a petition fronik
0.2
Waterford for the total abolition of Church.rates. 1.4
Cal. LOWTHER presented a petition from Westmcre-J
land against the Poor Law Amendment Bill.
Dr. BOWRING presented a petition from Kilrnarnock.N
against the mode at present adopted of constituting SeleetP7Z4
Committees of the House.

• Mr. SHAR AIA N CRAWFORD presented a petition from`;
Clackmannan, in the county of Louth, against the GovermentM:
measure for the settlement of tithes in Ireland.f.
Mr. MORE O'FARRELL presented a petition from sq
paesh in the county of Kildare, to the same effect.
The Usher of the Black Rod appeared at the table, and!-4
gummoncd the House to the House of Lords to hear the RoyatFi.
Aisent given to several Bills. After being absent for near
half an hour, the Speaker returned and read over a list of thes,
Bilis which had beccme Acts of Parliament, for which see!
Lords' Report.

POST-OFFICE.
Mr. LABOUCHERE said that one of the Bills for theSl
durpose of consolidatinr the laws relative to the Pusti:
()Mee 11,1:1 been returned by the House of Lords with s
amendment, which might be considered fatal to the
during the present session. as it was in the natureip
of an alteration of a money clause.—( Hear, hear.)
that alteration was considered fatal to the Bill, he gave notice
that it was his intention to move for leave to bring in anotbcrV
measure on the subject. r.
The SPEAKER thoullit that the alteration was one
the House ought to look to with a most jealous rye, and noir,:
sanction. _ _ _ . r?.

An Hos. MEMBER said that the intention of the inser
tion of the words in the clauses were to rave an infracti94,4;-
of the rights of a private individual; aiid that it was under-10
stood that the Post-office should not be put in a better EtatdAi
than it was in before the passing of the Bill.
Mr. LABO UC ERE had bad it from excellent legal.
authority, the Solicitor for the Post Office, that the rights •
the individual alluded to would not be impaired or injured I,yo
the provisions of the Bill. 14
After a few words from Mr. BARING, the Bill was
withdrawn, and leave was given to Me. Labouchere to bringN
in anew Bill.
OFFICERS OF MARINES.
On the CHANCELLOR of the EXCHEQUER movinEr,R,
the Order of the Day for the House going into Committee oflZ
Ways and Means,
Lord G. LENNOX said he wished to ask the Secretary to
the Admiralty a question. Three months ago he had brought!
the suhject.of the promotion of the Officers of Marbles before
►
the House ; four of the officers be then mentioned had sine;
died, and he wished to ask whether be Admiralty hzd agreed 47
upon any plan relative. to that corps. He trusted that that
plan would be so extensive that the officers of that corps ex-
pected a permanent advancement.
Mr. C. WOOD said that there were certain measures E;
agreed upon by the Admiralty, which were ready to be carried!!
into effect, but that delay had taken place in consequence otii
the impediment there had been to ail public business. Anle
order in council had been passed, which he hoped would afford 4
permanent relief to the officers of the Marines.
POOR LAWS.

_
The Marquis of CHANDOS begged to ask the Hon. Mem-I
ber for Peterborough, who was CL:irmati of the Committee
upon the Poor Laws, whether the Com:nittee had made any%
enquiry into the sums of money borrowed by. a workhouse h.')
Buckinghamshire 7—( As we understood the Nob.`; Lnrd. ) ft
Mr. FAZAKERLY said the inquiries of the to."."mitteo
bad been, limited to certain Unions in San, x and Wiltsh::e,
t‘,
and no ii‘quiry had taken place upcu the subject.
STATE OF IRELAND.

Mr. SHAW begged to ask the 117)n-.atTd Learned idea-9
ber for Kilkenny, whether he intended to proceed with
notice which he had given relative to the .state of Ireland ?*:
It was very inconvenient to have pae% a notice standin,, upon
paper at a time when Hon. Members were likely to be
of town. Ho would be glad to know whether the Honour-,1
able Member meant to move upon it, and wh,•n—
Mr. O'CONNELL—I do not mean to renew the notic-,S
nor do I mean to bring it on to day.--(" Hear," and latvhter.

TiIAMES TUNNEL.
Mr. wL TER ATE said that he had only within the last hour
discovered that a Committee had been appointed relative tol
the Thames Tunnel, in which his name had been ineluchd
without any previous intimation, and he objected to serve on,
that Committee, as one of the Directors of the Company had'
been also appointed.
The CHANCELLOR of the EXCHEQUER ought to'
apolooise for having put the Ilan. Member's name on the
-
1., ,
Committee. withouthis consent, but he had not hid the gool

,rtune 1.9 meet inns. h Lau Lai,. 1161'ity LO IIICILiIIe nia
one, because he had brought forward a motion upon the sub-
ct a former cccasion. With respect to including the
Member for Lambeth, he thought it might be a conve-
•kieoce to have one gentleman who was connected with the
Con-pally cti the Committee.

Mr. WAL TE K be,,ed to decline acting on the Committee.

Y illE BUDGET.
-
The Speaker then left the Chair. The House resolved ite
,--- elf into a Committee of Ways and Mcsns,
' Mr. BE lINAI, in the Chair.
'` The CHANCELLOR. of the EXCHEQUER s Litl, that
..'
sa former occasions he had been blessed for the length and
letail which he had gone into; but undoubtedly Ird it
.not
i'resen for the present state of the Session he should consider
imself bound to give to the house in the greatest possible.,h
,etails, all that iie considered imeortsnt as connected we.
'se revenue of the country. He should most cer-
, minly have preferred to have it said that he had usosi
o many words—that he said too much—to having
t said that he had made any attempt at tmncealment ;
' sit knowing that it was next to impossible to arrest the
1 ttention of the House to anything further than the Mere
1 tatement which he was about to make, he should confine
el imself within the narrowest possible limits. He regretted
- . a say that he approached 'the House under circumstances
:cry different to those which he had done upon the last
4nd similar occasion. At that period the general impression,
sithout as well as within doors, as to the state of all matters
-J•onnected eith the commerce and manufactures of this mete-
e , vy was such as to inspire all parties with a hope of general
tad extended commerce and preeperity. At that period he
vook the liberty very earnestly but respectfully to call the
el ittention of the house to those indications then existing
vhich to his mind presaged apt extravagant degree of con-
idence in the existing state of things. Not only in the
1 aonth of May, but both antecedently and subsequently, he
ook the liberty of stating to the House that there
...i.vere many circumstances connected with high prices
—extravagant speculations in commercial affairs, and the
-great eetension of credit, which might lead to an alteration—
l?a fearful alteration of those circumstances. He had to thank
the Right Hon. Baronet the Member for Tamworth, whom he
did not then see in his place, for the support which he was
*EA
-then kind enough to give him, and for the confirmation he then
save to his (the Chancellor of the Exchequer's) suggestions.
se On that occasion the Right Hon. Baronet was kind enough to
."'say that lie concurred with him in the language of caution,
• which he thought it his duty to address to the House.
,Aln his opinion there were circumstances connected with the
''',,lexisting state of things which gave rise, if not to feelings of
ialarm, were good grounds for feelings of apprehension. The
41 necessity for that caution had since been proved by the unfor-
tunate circumstances which bad since befallen the mercantile
.- :,,interests of the country. As on that occasion he had not thought
it fitting or justifiable to add to the confidence which ex-
isted out of doors, so on the present occasion he would
;add that he saw no grounds for stating that there were now
=any circumstances in the state of the country to create appre-
hensions of severe or lasting suffering. In Isis opinion they
'lliad seen the worst of it--the prospects before the country
'. were brightened ; and he stated most explicitly that his
opinion was, that they might confidently rely upon the re-
sources of the country to carry them through all their diffi-
culties if they acted with prudence and forbearance, and avoided
;leaking any step which might lead to shake the public credit.
4lt was upon the public credit after all that the great resources
of the country depended, and although there were some vague
- rumours out of doors, those were only made by parties who
e,..were anxious to persuade the great mass of the people that
'
that was not the case. They were anxious to persuade them
;vv .were
a boundary existed between the monied and the working
.claeses of the country, lie had no doubt whatever that the
1-
reflecting classes would be aware that the public resources
e. were guaranteed, by protecting the property of the rich, and
:the industry and property of the poor. Last night an Hon.
Gentleman in an argument upon a Bill had asserted that the
borrower of money and the lender were to he considered as a
distinct class, and that that which was good for one must be
' bad for the other; that lion. Member had committed the same
' mistake, as an lion. Member had done some time since, when
he stated, that if an act was committed by Parliament that
e'nook the credit of the country, the poor were not injured.
lie would not on the present occasion enter into a history of
e the commercial difficulties which existed in the country, but he
l '; would again say, he had every confidence that of those difficul-
tics they had seen the worst. It must be gratifying to lion.
Gentlemen who bad turned their attention to the subject to see
that by the statements in the " London Gazette" the bullion
in the coffers of the Bank of England was every day assuming
1
a better aspect. lie need not allude to the amount of that
bullion, as it was open to all who would read that demi-
' ment, but he would take that opportunity of stating,
that from the 7th of February last up to the present mo-
- ment, week by week, there had been a gradual increase
of bullion in the treasury of the Bank. To those who were
V. parties to the Act of 1819, and to the Bank Charter Act, that
must be a subject of the most gratifying description.
lie
e would now proceed, as shortly as he could, to state to the
Committee the income and expenditure of the year, as
compared with his estimate of the income and expenditure
in the course of the last session. He would at once state the
estimate of last year, and what the result had been. With
, respect to the income, he had calculated that the Customs
. would have produced 20,540,000 L—the actual income had
ES' been 21,445,000/.—( Hear.) The Excise he calculated at
'f , 14,120,000/.—the ectual income had been 14,439,000/.
1
, (
Hear.) The Stamps he had calculated at 7,000,000/.
and the receipt had been 7,100,000/. The Taxes were
Se estimated at 3,575,0001., and they had produced 3,681,0001.
The Post-office receipts he had calculated at 1,540,000/., the
-'produce had been 1,618,0001. The Miscellaneous had been
estimated at 175,000 L, the produce had been 165,000/. There-
fore the income which, upon the data then before him, he
had calculated at 40,980,000/., had produced 48,453,0001.,
undoubtedly showing a very large excess over and above any
e calculation that he had from motives of prudence made to the
tHouse. He hoped the House would not quarrel with him be-
e cause the income of the year had exceeded the estimate he had
i".• made.—( Hear, hear.) He sincerely hoped the House
e.. would not suspect that he had stated the possible income
s,;. with any view of misleading the House, because if there
, was one duty more sacred than another which he owed to
its: his country, considering the position in which he stood, it
. was not to mislead Ilse House by exaggerated hopes or exagge-
s rated expectations of their future resources.—( Hear, hear,
hear.) Ile would now proceed to the expenditure
*and the estimate of the interest of the funded debt
r:1
which he had made 28,528,0003., the payment bad been
28,537,000/. The other charges upon the Consolidated
Fund, exclusive of the West India Slave Compensation ac-
,' comet, which he left out, in order to enable gentlemen to make
1,... a comparison with the statement of last year, he took at
2,092,000/., the charge had been 2,! 83,0001. ; therefore, there
, sad been, in point of fact, no great difference in the
mount of the interest of the funded and unfunded deb:,
and the charges of the Consolidated Fund—the estimate being
,00.620,000/ , and tile actual expenditure 30,720,000/., bring
r. illy a difference of 100,0001., on which he would have to
i
•ay something presently. It hail been calculated that the
t - expenses of the year would have been 14,585,0001., but that
calculation had been taken before the whole of the sup-
,
Ireblies had been voted—e Hear, hear)—and the supplies
yacuelly voted amounted to 14,652,000/., beingss small
llsees over the sum calculated upon. There was a a
addi-
tioa nel sum to he added for unclaimed dividends, which hail
ret • , •
ekbeen leel•ied for immediately after the publication of the
r ;Asses, and which amounted to 69,0001. The Government had
ri "felt :elt it his duty to give every possible facility to the payment of
'.4 these dividends, although it might have been at some addi-
*nitionel expense to .them. Hitherto be had stated the expen-
r. TTitre amid income without any reference to the West India
oa n . lie stated to the House upon that occasion wha
!maximum cf the charge they were
rightly to be ca t
llewas d
the
on
`,714t0 pay, and he had also stated the niesimum, and had struupck
'eau average between ilea two. Fie bad calculated that they
j'.:i%votild be called upon to pay for what might be termed the
eurrent and the back interest upon the West India loan, a sum
Alof 1,111,0001. But in place of that they had been required
•"Ato pay a sum of 1,448,342/. That, of course, was simple
tlits payment of a debt which they were liable to pay at One
i -period or another, and he rejoiced to say that that coctin-
Issency had occurred at a period when the incense of the coupe
'try had exceeded their expectations, leaving a considerable
[
surplus to be applied under the Act of Parliament to the
reduction of the national debt.—( Hear.) He had now sotto
,phernodui„,...e.,:i
thest l t c rtt
lasteo t ofTe
i r the
ceosmt i
ir:slarteedd
withincomethe
andt,.
te xi
income end expenditure—he had shown while the expenditure
ihad exceeded their expectations, the income also had exceeded
Oleic expectations, and they had: by this means paid off a
greater mass of debt than could have been contemplated;
aidl,. he would say, net in justification of himself, but of tiie
r lion. Gentlemen eneweed in a responsible duty, that it wse
Arming to their exertions the demands of \Vest -India prole ieters
',load so far exceeded their expectat Mee, ile believed that was
Rowing
ito be attributed to the great zcal and industry el the Hon.
Gentlemen who acted as Commissioners for a-djudicating on
le the West India claims, and seeing the Noble Marquis and a
e Right Hose Friend opposiee of his elm had great experience
;lin West India affairs whether the precision, dispatch, and
..,
'accuracy with which the officers of the Compen-
rl
sation Fund had transacted the buesiness committed
. to their chasge, had not beers such as to give perfect satisfaction
,to all par'sies ?—( Hear, pear,) He believed a greater amount
`, of heemess had never been done in so short sace of time.
He, would now proceed to the estimat es, anda wopuld compare
diem with the estimates of the last year. He regretted to
say that he was not in a condition either with respect
to the income or expenditure to make a very sa-
tisfactory statement to the House. With respect to
sthe income ho could S3,i littlo more than was known to
hover Hon. 'Member, ...nal they could not have a great pressure
lupin the countr:—tleat they could not have a great pressure
on the nme'etacturing and mercantile interests of the country,
without that acting immediately on the revenue of the country
also, They were as closely connm ted as cause and effect, and
iseirinjurious effect on the Excise ar.d revenue were undeniable.
'ith respect to the Customs Duty, undoubtedly circumstances
sad occurred which had enhanced the receipts. The receipt
/of tea duties in the last year had forestalled very considerably
the receipts of the subsequent years. Above all, in respect
4to Bohea tea, which parties eould have introduced on a given
'"day at one shilling and six-pence duty, whereas, if they kept it '
`over, they could only introduce it at an increased amount of
duty of' 2s. Id. per lb.,—the amount of the Tea duties he
'would refer to for a moment. That duty last year had un-
doubtedly exceeded the amount received in former years, but
the ci nsumption was going on rapidly its the country, which
"was in a state of prosperity and employment, and tea was
.isxtending itself through all classes of the community,
isnd superseding other commodities which were not
Iso advantageous to the revenue. In 1833 the amount
of tea imported was 31,800,000 lbs. weight. In 1834 it was
'34,969,0001h5; in 1835, 36,600,0001b5. ; and in 1836 it was

F W '

,sn,B44,oochns. It was quite clear that the eluV had bet li
cleared for home consumption: He hAd that no man
could calculate this as a tale Otptnent of the amount Which
would be nal!' kknkl`,:i ordinary circumstances. Soine 'of thii
tea had I;trat exported, but the amount *as c',ce.ei:ingly
inrall, and was not worth enterint, to `tlie account.—( Hear,
bear.) Another wa.r 4.•`_.•;'r.',-er, to illustrate the matter was by
.tating tho satit".•Unt cf duty received upon it. For the year
orn.litvt the sth of April 1836, the amount of lint trq,.-015`4
tea was 3,886 0001., and for the rar 1•f to itke bth of April
1837, it was 4.603,000/.—K NoW, while on the one hand
tiley would be (a .0-rel.it they did not take into account the
result's of the alterations in the law, yet they would a 1,4 ho
in error if all 0,-,e increase in the consumption. ett`o Witributed
to this cause. For there had he,-‘t!tl Zradual increase in the
eansump,ion, and it w•I bill; to be expected that it would go
on ntercahioff ill accelerated ratio up to o.t: tonal of
4'A tASt. Ail he wanted to itnr.-es'S upon the House was
that, as respected the Cnst's'*,.-.s revenue, there had been a large
amount receive4.l2nl; year which they could not expect to reerive
in the year coming. In like mantle!' With respect
th the expenditure of the rontay, there *as a con-
siderable item to he thArged which should ri+t be dis-
regarded, and to which he was st!ro the attention of
Gentlemen would be directed. fit referred to the increased in-
terest on the unfunded qteot, on Exchequer Bills, in iepterober
last—he had felt it his duty to increase the interest
on 12,000,000/. of Exchequer Bills outstanding, from the rate
n. I:kd. a day to the rate of 2d. a day; and subsequently
in the month of November, towards the close of it,
he found it necessary to give an increased rate of interest upor
the whole of the unfunded debt. He had increased it from 2,1
a day to 2.1.1., which represented an interest of 31 per cent.
It was not merely on that account that this burden had
been increased, because those gentlemen who had looked at
the estimates would have found that in some instances,
he did so upon grounds which then appeared to him to bo
sufficient, and which at this moment he had no reason to re-
pent of. At the period that took place there were persons in
the City, and the bankers in various parts of the country, who
at that moment of pressure and difficulty found it difficult
to realize the public securities they held, in order to meet the
engagements to which they were subject. He did not think it
would be just, or consistent with the public credit of the country,
that the Exchequer bills which were floating between a
nominal premium, par, and discount—he did not think that it
was consistent or just that that state of things should con-
tinue; he had, therefore, taken that course which pru-
dence dictated. If he had delayed in taking that step,
and in that case discredit had been thrown upon the unfunded
debt of the country, it would have behoved the Govern-
ment to have raised the interest on those securities. That
course was taken in 1825. There was at that time an increase
of interest placed upon Exchequer Bills, and yet there was
a continuation of the sale of Exchequer Bills at a low dis-
count. He therefore felt that it would be but justice
that the interests on these securities should be increased,
more especially at a period when in consequence of the impor-
tation of foreign goods, parties were induced to invest their
capital, under the hope of obtaining the high rate of interest.
He had adverted to this subject for the purpose of showing,
that whilst on the one hand he could not reckon on the same
amount of income during the current year as was received in
the last, so with respect at least to the interest of the unfunded
debt the charge had been increased. But it was not merely
on this ground that his burden had been increased, because a re-
ference to the estimates would show that some changes had
been introduced this year which undoubtedly up to a late period
ho had no reason to calculate upon being taken into ac-
count. He would not refer to them at the present moment ;
they were open to all in the papers upon the table of the
House. Some of them had been voted, others had not; but
the gross amount under that head was 300,0001. The charges
upon the Consolidated Fund and the interest which
he had to provide for the funded and the unfunded
debt amounted to 30,890,0001. The estimates for the year
would be—.

For the Army £6,401,000
Navy
Ordnance 1,302,000
Miscellaneous
The figures be had just given to the House did not entirely
concur with the Votes which were upon the table—for in-
stance, the votes for the Royal Navy included the
amount of the Post-office packets, which had been transferred
to them, that made the estimates for the navy greater 100,0001.
Of course that was to be expected to be deducted from the
Post-office revenue. In the Miscellaneous votes it would be
seen that they were less in amount than the votes on the table
by the amount proposed to be advanced for the civil ex-
penses of Lower Canada. It was, in point of fact, no more
than an advance, because the money was actually in the
Treasury of Canada, and could not be paid out without the
consent of the Crown, and was to be considered merely as a
vote of credit, which would be covered by the money in
Canada. The Right Hon. Gentleman then went on to say,
thi's vote, therefore, is only a vote of credit to be covered by
the sum in the Canadian treasury. The money there is a
security for the repayment of the sum voted, and which
amounts to 104,0001. Thus, then, it is estimated that the
expenditure of the current year will be 45,786,415/. That is
exclusive of the West India compensation, the amount of
which, payable within the year, will be 845,000/., leaving a
gross surplus of income over the expenditure, as far as I have
hitherto gone, of no more than 608,5851. Those who advert
to the papers laid before the House on the Bth of May will
see that on this occasion, as on former occasions, upon the
estimates prepared by the Right Hon. Gentlemen opposite, it
is necessary to provide a sum to make good the deficiencies of
the ways and means in preceding years. The sum required
for this purpose is 223.9121., which, deducted from the
gross surplus of 608,585/., will leave only a net surplus
of 384,6731. I assure the House that I have drawn up
my statement of the actual income and expenditure of
the country without the slightest attempt to conceal or to
withhold anything. I am only anxious to acquaint the
House with the state of things as it actually exists. I turn
now to the amount of income upon which I calculate for the
current year. I take the income to be derived from the Cus-
toms at 21,100,0001., which is 345,452/. less than the amount
of customs last year—the actual receipt of the year ending
sth April, 1837, being 21,445,452/. I shall not make a large
estimate for the excise. It will be remembered that there was
a considerable reduction in the receipts of the excise last year,
chiefly arising perhaps from the falling off in the consumption
of malt, as will be seen from the following table, showing the
number of bushels of malt upon which the duty has been paid
since the year 1834