The Sun.
London, England, 1808-05-28 00:00:00

njefit ;would ote.rha)anteari), evil vsilch ilfght t;:tist
froni
litntm/r,..Pn did•nof,think there cctilti be ntf,,
sound objettiort ht the adoption of this plan;` oti The
contrary wa4 friendly. to its adtyptidni beCauio us
a free tonntr,/ like this those hotiid be as ri,reat
diversity as pa.ttiltle of owstiri • at.T.rdtql tt, per,4nts.
Dishing to lay out their capital with sedtttlty; ate. tit
whew this he ..was friendly to ate adoptic.w, he lsYtf-
posed that the annuitiesshottld be rendered more
marketable iry facilitatirn the incuranot. of the
of the nominees, by taking. oft the tax dpon tile N-
Holes of ingtirance upon such lives.
After a few observations flom tht eitAttelatOit
of the Excti tatttett, the -Resolutions- were as: a 40.4
and the Report ordered to be re6:ii.lid on Mun,:ay.

BANti Ot Itu LAND.
On the motion of Mr. 1z0,11..tt, the tteittse resolv-
ed itself into a Committee of Ways And Mealit.,-44
The• Right Honourable Gentleman then statist,
in pursuance of the notice he had. given, he shoo i
call the attention of Ake Committee to the case cf
the Bank ut Ireland. Re said that the Corpoixi,n
of the Bin* there was establiihed in the.year tic!,
When its capital was comparatively-small, att.t w hen
covertunent was obliged io hold,out inducetar'liti
to individuals for the establishment of It ; hut fore-
seeing; as they did. those beliefits which must ac,
clue to the nation from it, they 'thought so tie ,a-
crifices needful toprotn ate so a.deni4l,2eons
sirable an objet. At first its capital did not ekeeett
' 000,0001: In ten years It accumulated, to I ,ttoo;ouul.
Sogreat an addition in so Mho/la period soon provvd
that the policy of the establishtneut' wits tOttild to is
es:entially beneficial to the Country in Inane' puititil
ipf SieW, insomuch that individual benefits Mid
tional Interests were blended in its probpet.ity. •.,%t
this day the capital is extended to 1,500,0001. and
the dividend to the proprietor is ti-t leis-th in 74 -tor
Cent. It is now proposed to add, car rather to in-
0, .eve that capital to 2000,0001. ch: upon :hd
best calculations, is not morethati proportionate to
the growing prosperity . and tesourcQs, it's weal ;4
trade and eomm;..roe, of that pail of the United
Kingdom, and with that ut' the hlank
GOVeitibr and Directors have still nine ycarc to come
of their present charter; bur, tieing nostrum of ex-
tending the period, and cat continuing it to the etul
mho of twenty years from the etkpirittion of that
yeas ; it, is . deemed expedient to grant them
period of continuation, for which thev, in return
for the advantages it must bring them, have
agreed to lend tti the ptiblic the stun or 1,000.0001..
'and, instead,uf the interest which theyheretofore
/lad on monies so lent, they consent to take but
4 per cent. during the contittUanc of their
ektended chatter; in addition to which, they
meat to undertake, gratis, the manigefthilo
of tJte Nattonal Debt, ion which they had 70001.
it year. Right Himont...Able Gentlethan haying
enumerated the benefits that must froni this
bar Lain with the Governor and Directors, conelw.lcd
with moying)
" Tii.it n i., the opinion of this C..mmittce' that the On,
veraur and Company of the Ilcik ut I relandi.to %;knninua:t a
Corporation until ties lit day (11.1A.imary 1337."
On the question being pull_

Mr. TIERNIO4 strtecisevelal objeAlont to It. Ett
complained of the systerwor I.orrowinq from
the Bank of Ireland, whilst the restliction existed
over the isltue of. spe;:ie; the conseq,•olCo to 40
dreaded from which vkai, that a red iris! ,nut, of parki
money would be turned loose upon the public, link*
out any controul,
the amodut of which
exceed the capital. Upon the whole, be diit not
think the advantages so much to be exiie6ted on thrt
part of the public, nor did he approve of the bariciiit
made. •., . ,

_ Mr. FosTtt.tt, in reply, said, that the bargain !tact
Undergone theconstderation of the most t-lierienced
men that could be acknowledged .conpetent judos
of the matter, and their uniform opinion was, 1114
it appeared to *them teunded on sound polieyttoi
prudence. He could assure 'the Right Honourattio
Gentleman,. that he euteriairied very ill-founded
ideat of that competition, if he supposed that 014
would issue paper excLieding their capital. It was an
obvious fail, that the danger of so rttsh an ad would
hurl ruin on themselves. As to the eirctuti,tanee of
borrowing from the back, he saw no ditterenee be-
tween borrowing from individuals in a corporate ea-
patity or otherwise, save ati4 except that in the
corporate .capaeity they lend their money. upon better
terms.

Mr. PAngt‘tiohjetted to the reneolalof the Char-
tt.r. beca,ise it would remove the transaations of th?
Bank out at the tontroul of Parlinmet.t.

Mr. FosTalc and Mi. PARNELL CXpifitHCti,
• Mr. BANKES thought that the renewal of this
Chat ter for thirty, years wits itnprovideirst. Ito
thought that an ektensiun for test or fifteen yeai.s
would he sufficient.
The CHANCELLOR of the EXCHEQVER Stilted that
there were eight years of the B _tarter now tit)..
expired, and thereibre the term propostd Was, jet a t.
ditiun to these eight years, weitip4nie
for which the Charter of the Idatik of Ettglind was
usually renewed. He also stewed the great, rcu.
uiary benefit that would accrue to the publicfroin t
measure, as it would produce an immediate 'saving of
sixty thousand poundg.
Mr. Tan fah Y could not discover tram eitht-e'tir tito
Chancellors of the Exchequer, why the Chart ,-.•
should he renewed fur so long 3.periud.
Mr. Ftisrsa explained.

Mr. Put,liONO/ did not think it prudent to ;Alice
the ti;insatlions of the Bank out 01. the cot troul of
Parliament On twenty-One years.
Mr. PARNELL explained,
Mr. M. FITZGERALD objeiied to ihe p(orosition,
and contended, that an inquiry ought prevtoudy to
he wade into the concerns and manaLenteut ot,
Banks because there were various Complailsts ag4ill„t
the condo& of the Bank..

Mr. Fosrun derended the eollthlti of the Batk
from. the imputation of the lion. G•mletnatt.
After a tevt observations from Mt. PsoNsit., the
Resolution was agreed to. Also, a ite,soititt„l, for
increasing the capital one million ; and for an ad.
vatice of 1400,00 M. at tine per cent. to Quvvrn,:l,:nit
from the hank, and to oblige the said Bonk, to ill,:
end of their Charter, to manage the, public dvt,t...—.
The lion4e. then resumed, and the. Report ‘.,-.1;
dared to be received en Monday next,
Mr, PA UNeLt, gave notice titA he tiwuld an I.Ntetl4
nesday tae'nnight move that the l'othion tit tho Frees
holders of the (anew's County in rtdands, praying
Commutation of Tytites ilt4l-*ltir IN, related to
Cinnaittliee