The Sun.
London, England, 1801-11-17 00:00:00

Hon. -e-ritlemaa ha Ithat his (Mr. AteNi
,4
it•
Tort's) predecessor, ,had always promoted Compe,
Lion ; he believed that that Right Hon. Gentlete
had. alvrays wished to adopt every plan which,
an enlightened Mind, and a patriotic heart, app
ed calculated to promote the public service.. Vnt
the present circumstances of this Country,' trl
thought he must bo a bold *Minister who vv 001'
„Pow_ make, a Loan„withaut.a.Competition-:--it-40
not, however,„ necessary to quote .42e-.
of his predecessor, to conviii-ce him .of the pro-
'priety of. Competition,l-because be approved dam'
dedly of itp and the only reason why he had 01
_had recourse to it on The present occasion 10,
preoisely, because the nature of the , transaal°'
Would not admit of - it. He wished particular/7
to he understood upon this paint, because 12,
kne* how expressions were laid, hold of, ar"
what use was made of them. The only reasee°
th4t there was 'no competition in this ease was, be'
cause it was. absolutely impassible in such a tray'
saaion: that there could be any, The Hon. Cre"'
tleman had said, it was erroneous to suppose, t1;0
creating a capital of z,000,0001. more in LW
3 per Cents.: Would enable interested persons gO
depress the Funds; but the Hon.. Gentleman did,
not argue this quite fairly, because, in talking t'
hgoo'sPool, .additiOnal 3.per Cent.' Stock, he too
the plan now proposed ; but if the Hon. Goal'
mall's own plan v/as adopted, viz. of funding deg
all in the 3 per Cents. there would be no oat!
tional capital of above tz,ooo,copl. createdr4
There . were two other points upon which the HO:
Gentleman was raist*en. He (Mr. ADD rrirrJf.l
had never stated that-the Bank could not 1)0
Stock, as the Hon. Pentleman 'supposed; and, as td
the difference of interest between funding in 01
3_ per Cents. and ticcoraing to:the present p/al
being 28,0001, a year, the Hon. Gentleman hx?
fallen into that error by taking the difference of
terest at 6,. gd. instead of is. OZ. 444 was
whOlediArence between .the two plans: • ' •
Mr,A),Errt and theCl4ANcst.gox of the Exclis.'
gut severally explained..

T/41.VEY: said, he entirely approvedths, plan, and nothing that he had heard from ti!,
.Koh. Gentleman -had induced hirn to change ibis
neon,---Fie was not quite So clear that•a 'Compri"
tion was at all times 'beneficial, because the fior's
Gentleinan'knew that there might be •an oper'r
.though-*no"t a. real Conipetition; but, in this c:ISF!
CornPetiticm was out of the question.—The qu'''a
..tion in thii case was, whether it was:better to W.'
these Bills- or to !nye. a • Loan ?-• and, upon tr
point, he. thought there could be nQ clOuht.
plan proposed by the Hon.. Gentlemen: would haff
tile effeet of lowering the Stocks, because, if therli
was a small Loan, all. the -Competitors must 1'
but Stock to enable them to bid,- which moat` 01
course depress the Funds. The total of the diee!,
ence between the plan now proposed, and that of itl6
1.-fon.Gentleinart Was,- only is. cd.•per cent. which
upon the whole Loan, was not- much more-tiYis
70901.. a year. ••• But, on the other hand, there- tv"t-'5
to be taken. into eonsideration the many advanrae
attending this plan, and which had been so 214
stated by the -CHANCELLOR of the Eitc;iicouelil
that'he would not attempt tai repeat them,—TV
only apprehension he' had Lipn the subjeet
what was stated by the Honourable Gentle:art
that the Holders might not adhere (0 ti;.
bargain. But it was hardly fair far the Honours
Gentleman to censure the Ministers in one, artil4
11
his speech, for not. making a better bargain, a 1.4
then to urge as: an obje&ion* to it, that it was 5°
good a bargain for the Public,. that the MI Holder:
were not likely to adhere to was not rei",
candid co censure a Minister both ways.
The C HANG ELLO R of tbe EXCHEQUER
the difference of Interest between the present inclali
and that of furiding in the 3 per Cent, was 76001,
The Resolutions were then agreed to, art 4 W '
Report. was ordered to he,rectived toemarrow,
Whe Committee of Ways and Means was 4rfatif
till Wednesday.
A; six o'clo*, the Holuphijou pled tte.morrotfe