The Sun.
London, England, 1854-03-07 00:00:00

4 4- 4. r • ' " •
•
VENT N ARCII .7 -1 IG. B5 4
T N L 0 NI..D-01c,-' U.E.S DAY E

second bill that they related to two most important points
which were overlooked in the first.bill. _ _

• The OR of the EXCHEQUER said the clauses
in ,the. second bill referred to by the hon. gentleman were
introduced without his consent, and against the opinion of
the law officers of the Crown, who thought they were un-
necessary.
Sir F. KELLY then rose, and strongly impressed upon the
Chancellor of the Exchequer the necessity of his stating whe-
ther,- in. the transactions. for the conversion .of stock, under
the bills of last year,. there had been a gain or a, loss to the
Country, and if a loss, to what extent. He (Sir F. Kelly)
was of opinion that there had been a loss to the public of
700,0001. or 800,0001., which would not have occurred if the
Chancellor ''of the Exchequer had listened to the warnings
given last year, he would not say by himself, !but other gen-
tlemen, and especially the hon. member for Huntingdon,
when the funds were falling, and had stayed his hands in the
operations he was then carrying on. In the creation of the
New stock in substitution of the South Sea Stock, which was
about to be discharged, the right hon. gentleman had an op-
portunity of saving 100,0001. a-year on the interest of the
public debt. .Had he done so ? The right hon. gentleman
had saved to the country some 15,0001. a-year. But it had
been at the expense of from 18 to 25 per cent. lost by every
holder of stock who had exchanged into the'new stock. He
pledged himself to bring the whole question under the consi-
deration of the house, and to show that by that transaction
the Government was a loser of nearly 800,0001. •
Mr. HILDYARD !expressed a hope that the Government
would not fall into the errors which Government fell into
during the last year. He did pot think that France, would
accept a subsidy, but we might have other allies that would,
and they all knew that the state of the Austrian finances
was such that she would 14 very likely to ask for a subsidy.
He hoped Government would state that under no circumstances
would they subsidise any nation.
Mr. DRUMMOND said he trusted that, among all the
ways'and means by which they might carry .on the war,
the house would set itself firmly against that of which
they had had some dark and ambiguous hints. Ho meant
those allusions to tampering with the currency. When
they heard gentlemen connected with the banking interest
talk of the money market being tight, and of an extension
of the paper currency, that meant nothing more .nor less
than .a paper shilling. Although the Chancellor of the
Exchequer, had said that Russia had had recourse, to such a
' measure it was a precedent which he trusted would not be
followed. He very often heard theni talk in that house about
journeymen who wanted to share profits with capitalists, not
understanding. Rolitical economy; but he thought a lecturer
on politiCal economy would not be altogether useless to that
house, for they heard hon. gentlemen talk of money hi circu- -
lation.as if it were national wealth; whereas the taxes which
had been voted from them were a transfer of a certain amount
of beef and mutton from their pockets to the pocket of the
Chancellor of the Exchequer' and the money was nothing'
more than the agent by which the transfer took place.
The, motion was then agreed to, and the house resumed.

SUPPLY.—REPORT.
The report of the committee of supply was brought up and
agreed to.
CHURCH BUILDING CONTINUANCE BILL.

On the order of the day for the second reading of this bill,

Mr. HADFIELD said the Church Building Commission was
appointed in 1818; and a million and half was voted to build
churches. The commission had existed for thirty-six years,
and it was now proposed to continue them ten years longer.
He did not seo what good purpose would be served by that,
and he therefore moved that it be read a se4pond time that day
six months.
The house divided--

For the amendment • 59
Against it
Mr. 11ADFIELD gave notice that in eomraittee he should,
move that the dttration of the bill be limited to one year.
The bill was then read a second time.
VALUATION (IRELAND) BILL.
The house went into committee on this bill.
After a few words, the various clauses were agreed to, and
the house resumed.

The Cousolidated Fund,(8,000,000/.) Bill went through
committee. •-, -
The house adjourned at a quarter to one.

PARLIAMENTARY DIVISION.

HOUSE OF COMMONS—MARcrs G.
KENSINGTON IMPROVEMENT BILL.

_ .
Order for second reading read; motion made, and ques-
tion proposed, " That the bill be now read a second
time :"-Amendment proposed, to leave out the word
" now" and at the end of the question to add the words
" upon this day six, months :"rQuestion put, " That the
word Row' stand part of the question ;"—The house di-
vided; Ayes 53, noes 158.

SHARE MARKETS,
(THIS DAY.)

BRITISH RAILWAYS.

8/ 28
St.

6
25
50
20

too
34,
too

RA,ILWATS.

Closing Prices
yesterday.

Basine&l done
this day.

I all

554

171
12i i ad

90 4 894 „
784 80 79 „

79} i

601 i

13i
8
96/ 7
1011 2 11

10
5
20
20

20
25,
100
100
20
20A

20i
100
20

61 601
35

33f

50
25
14
20
20

1001
50

12i
St.
St.
25

FOREIGN.

7
3
'8
28.

3. 3d
14, •
41

4,4 1

id iI)

... - ...

33i
all
~2

...
3d
3p

3i -
2A -

Btudneis
this day.