The Sun.
London, England, 1809-05-13 00:00:00

471713,c51
A7e58,,24

tjo,o4Sl

With respect to the Loan, he had that 'Morning
contra ted for one, to the amount of 14,600,0001,
viz. 11,000,0001, for Great Britain ; 3,000,0001. fot
Ireland and 600,0001. for the Prince Regent of
Portugal. He had great satisfaCtion in stating the
terms on which this Loan had been concluded.
They were as follow : for every 1001. the subscriber 4
were to receive ($Ol. of 4 per Cents, 60 of 3 per
Cents. Reduced, and 83. 10d. in Long Annuities.
The amount of interest on the money thus fur
nished was no more than .41.- 125.: 1 Ud. per cent.—
a rate at which this country had scarcely ever been
able to raise a Loan, and .at :which an individual
would find it difficult to procure one. That part of
th'e loan-negotiated forthe Prince Regent of Kri u.
gal sVai secured on the revenues" of the island of
Madeira; and further, on a contract entered into
by the Ptince Regent to furnish to this country a
certain portion of the produce of the Brazils. The
whole of the capital which would be created by the
proposed fuhding of Exchequer Wils (which Ex.
chequer Bills, in the whole, aniqufited to 7,932,1001.)
would be—
per Cents
014 per Cents.

Total

‘7,37«,308
380,336

C8,2ii)644

The Sinking Fund on thecapital so created would
be 494,2V11. and the total amount of the interest on
the capital so created would be I ,143,6601.14 g.---lit
might be satistadory to the Committee to state the
-terms oflast year, and the terms of the present year,
in comparison with each other. In the last year,
tour millions of Exchequer ills were funded—.
Per Cent.
.C 5 4 91
Sinking Fund on ditto • a x .21

46 5 iti
In the present par 7,y39,1001. of Exchequer
Bills were funded—
Per Cent.
SUliciug Fund on ditto

- , ks 3 ii
-1 G 9

Cf) 3 1,4
The interest on the loran of eight millions last year
was 41. 14s. 60, per cent. ; that On the loan of 1 t
millions in the present year was. 41., Iss. loti. per
vent, These comparisons Were highly satisfaelory,
art they atiorded a proof that
.the pressure on tho
wealth of the country was not by auy means, such
as to impede our fmaucial operations.. On the con-
trary, during
,a period (If twelve months of war, if
was evideritthat,thecNdit of the country had risen.
Taking tire comp, with the addition of the
Sinking Fund it would be-found that the total cliaige
per cent. Was--
Last year a
The parent year - 517 3f
The total of the Stock created lait year, was
13,693,2531.; on a charge of 61. Os. 91. d. per cent.;
the total of the Stock that would be created in the.
present year was *1.,000,84.21. on a charge of t..L t9s.
per cent. - In addition to this he hid the satistattion
of stating that he understood the loan W 45 already
at a premium of one and a hail per cent. so that it
13Voniiieci to be as advanta&eous to the contra6ors as
to• the public. The total amount, therefore, of the.
annual charge to be provided for was 1,1-13,.AG1. 14s.
and he hod now'to state the manner in wh!cli he pro-
posed to do it, When the Noble Lord opposite was
in the situation he had now the honour to hold, that
Noble Lord's proposition was, that under the exist-
ing circumstances of the country, instead of pto-
viding by new taxation for the payment of these
.annual clizirges, application, should be or of
the existing War Taxes, to. the extent Elec;,sssary.
I.,ast year he (the Chancellor ot the kitcheriEtel I had
departed Trani this plan. But this year he intend,,,,l
to return to it. Ile begged however not to be wi-
derstood as applying this principle so far as
Noble Lord ; indeed when the Noble 1,c).-c1 oropo-wO
it, and suggested the expediency of a
taxation for three years, he did nut contemplate
probability that rlha. public ekpctiditure. :se
to theurnount to %Odell it ;arisenin ill,.
year. A pro;rci, ihrottgh
tor .Cotisolicliition. of the Cost:ow,, tlii t :::•
WhiCh itt t'.'ol;seilor
ototittiett 105,0U0i. the
saint! (1)C.ASO10, t,at uses to thLT trs,t,
to tl,e War I‘,Aos inigllt be ehti:i.lateJs at so e.
rn
short of .the same ittnautai. There re'-
rnaitierl I to be provided for, hod
far finis su:» ,to pledge the War. Taxes.
In pcopc,sing the VOtti of credit, for 3 miltionh.:, Le
should obsei. ve,4 hat consideritag the relative situation
of this coo ry, n d the Continent at the present trib-
mertl, he did not think it expedient to hold out to
oy p-,trt the.world an etpettation that this ,coun'-,
try, inn the present year, would be able to advance rt
sun:, than /Itch be hut meutiolied.
141 d or,e i.iirciunsiadep to ttaic to the Conimittee, to
=which it would tie; neoettskry to ea!' the attenthtn
of nitliarnent. Though no tru.fy existed betwip,..a
Great Britain and Austria, yet such WAS the ex pec
ration entertained by. Atitti,l of IA hat- this codotty
was disposed to do in her I.ivour, th4t tibe.had vei:•
turgid to draw on Great .I,3tuaiti to 14 very
amount. 13ills had already iiriEvedi eira,vir
Treasury of Vienna, winch, of cParse, bad not
until a eotnntuni,:..irien beet, vo.l:tt.: IC)
liar:lent on the subjeet. t.hulde,4tionAly it we:,
the intention of his .ALtleity's Mitiktttri,tO sub,), :t
die Hotase the Propriety of form ping hit-ato (.1
defraying these bilis. (In answer w alnest;on
the oppor.'ite side of the lioiAse, the Ch.-.11.c....11:..v 01
the Exchequer said that the amount di the-itt
was about 300„0001.) 1-10 had melittund

n:' f.,?

jet t ineient becattA tlicolzht it

V

I

Were displayealethatsnch a factshould not be kept
1)361;.::'. Having stated so nmeh, he trusted, wnh
flifficipot diJtinane'ss to reeder hiniyc if into lligihle,
lice 9hould conclude.with moving hi, first resolution;
;lamely, that toward> the supply granted to his Ma-
jesty, the:. slim of 14600,0001: be raised bye .way
lit, loan, •viz, t t ,000,600 - for Great. Aritain,
3,000A0 for Irtlaed, and*oo,ooo.for the Noce
- Regene.of l'ernagel.
• e •.,
' • Lord 111VrrY felt hintsett called upon,
consequence of what bad been stated by the night
liolhGentleman with resped to subsidies to. Foreign
Powers. 'On the step taken by the k.toverttifient of
'Austria he Would nut nOw. give an opinion, becauSe
,
tnat Must depend on the previous relation between the
two Cmintries, on which it would be incumbent on
Ministers to effort) moredi,linainforMatitet than
,had
yet been. comatunicated. By those relations the
House would be enebled. to determine to Whom tbt
step, a step which could nut but he charatierized as
extraordinary, was .to lie imputed—whether to the
Austrian Government, or to his Majesty's Ministers.
It was impossible to lote,th en the subjedwit without ad-
verting to that more widely extended topic of grant-
ing sub-idles to Continental 'Powers at the present-
tinie. He wished to guard himself against the impu-
tation of laying down any general principle adverse
to the granting or to the withholding of subsidies.—.
The propriety of subsidies depended' on the circum-e
e!.utices of particular cases. But if ever alerts vas a
period when the House ought to aa with caution on
the principle of giving subsidies, it was the preseat.
He was wilting to admit, that circumstances might
arise when subsidieS for the Continent ought to
he gr.inted almost to a dehnifive extent; piosided
that the expectations entertained.were commensurate
with thein. Bat ibis was a most serious consider-
ation'. and ought to be very cautiously weighed.. He
coefessed that he felt the morecalled upon to make
these teflections from what bad occurred with respect
to the Swedish—treaty; a treaty by which a sum
equai to thewhole amount of the Civil List had been
lost to the country. Three objects, were expeped
front that Treaty: First, a greater facility of en—
'le tering Into'commereiet arrangements with Sweden,
with the toenforce the Otani in Council. Of
these ern 'dements there were Done. Secondly, to
enahlv! Greet Britain to adopt military measures itt
concert with Sweden. What had been done on
this head it was.mwecessary to recal to the Mind; of
the Corn The third, objetq propo6ld was to
, enable the King of .8 weden to provide for the pay and
maintenance of his army.' And yet he had been told
that one of the circumstances to which that unfor-
tunate Monarch iiad been indebted for his hard fate
• (ftie whatever might be Iris opinion of the policy and
government of the King of Swedi.,n, :it was itopOs-
siblenot. to lament fallengreamess) was his nut hay-
' lug been able properly to maintain and pay his army.
As far as he could 'culled it, it 'appeared to be the
Right I-lon. Gentleman's intestine, in the mode
which.be had adepted,.in prov,iditg fot.thp eharge of
the present year, 011 the 41.1111 to befunded, to allow
. the War 'Tuxes to
.remainperinaticntly burdened,
'He must hesitate in agreeing to'tnortgage that fund
without institutin a provision 'for redeeming it J'
• ler the cetiseettenee of such a practice would be not
only that in peace the eXlent oh he taxation would
41111).33s what the country conld.'bear, but that the
very mean y and !sinews of war would be gratkially
• undernlined, \V heir a similar measure Vis profidied
by him, it wa3 with a view that it should be coin-
hieed with a meliorating principle, by which it
should oteabionaily be operated upon. With regard
to The luau, he partook in the general satisfaatori at
the advantageous terms on which it had been ob'•
tuiticd, Lot doubted much "that the arrengement in
the funds was bad. He would prefer the ultimate
advantage pre,eirto by.having it in the 3 per cetils.:
to the immediate' ihivarnage of the other foods. •,
Mr. C.4,1,1t31NG, although he agreed. with many of
the rcntarks 'of the
.Noble Lord,' and particularly
with that which- stated that circumstances were to
Le considered in thegi tinting anbsidies to Continental
PoWers, bad yet :a few
ObserVations to make on what
fell
,from him., With re+eet to the 'Treaty with
Sweden, Which the Noble Ltird had seized on as
the ground for his algument't, he had to state that it
was owing to tie ireaieation Of this*.country that she
had uudertakcit a war above het' strength, aricl which
bad been so iikastrous in its consequences. If this
country had, nevei, for so many years, inculcated
such a line oh con:lntl, 50 it was particularly true in
the late woggle, when. it Was :perfettly understood,'
lay% Sweden, not only that •we had wish tot her
centinuitn); the war, but that her, making a separate
peace, advantageous herself, *atiltl be kceptahle
to hi, 641110 i. Put While they did not instigate,
war, the pov..rnmeni of this country were not pre-
pered to push their opinion to the (extent of denying
the meens of • supporting the other alternative, if
Sweden nnide that ele4tion, i'lle,Nobl'e Lard had
not beet] in the Houle when bee-hid the treaty be-
fore them, or that part of Ids speech respeCling the.
subsidy would have been spared:. (Here the Itigh;„
lien, Secretarragein repeated the settlement he ihen
Imdo. Whit resp4t to the (Alter power,, the' ,
Ole Lord had misunderstood dais Right Hon. Friend
,the; Chanceller of the Eti,:clitp*).. The same ab--
htinenee he had noticed in Pnrertte!eteitions with s
dale leid been lire-ezttioL•ilety tit tqule,d,l6 in'pur cont
mne.teations with leestria.- GOt'erpteient liittsuited
t' it Austria (,t; vvr.qy'r:;,.tion then best
or he. r v., that there' WA.I, acudislio;
on pint et for the sake of any,,
eotebeetetet against the eorentee eteene, or for any'
treeperise diteeeen in the caese et. I.:pain, 'to have
Austria cieuroitted.in a prenneure stroeele, How,
Ineeh they tnight, wish to see tht; enemy
tooted, they conid :never desire
,to see 4ustria- en-
weed in war oil oily but Aa geohnds.•
tivifortrs 'tenor tdi ctli their commtmica
eons with that PuWer. .hut they went na for-
lwr—they sta:el, at the srinie time, that if she WO
colt mitteti in a,. war: with• France for her. own de
reties, it was their disposition to :itlord her all the 11-
Wiled a...setance Lich the state of the times put in
their passer. - state 4, the times, he repeated,:
fix ite.epete.!ent of selhcoosidetations, the ember-
rassed state of the Continent, and the ditliCulty of
renettieg lepplie,, entered imbibe calculation.
,The
eremities 01 ii,s:staliCe thus limitedevere sncheas„ str
tar front Nonniiing,' were, he doubted, more likely
to check the. Austrian determination for war, One
of the p;i:hinittaries that hod been slated, in case af-

relations. between the countries .should be revived.
England
,would not enter into any term on an 1417,
defined
.contratl. From the delay, that. had 41:pn
place owing .to the state of the Continent it was.
that these engagements had pot been renewed before
the bills,.weie drawn. The bills being therefore en-
, authorised,.
,were returned fur the present, but in.
doing this, no harsh terms had been used.
.They
were stopped as being, from the operation they had
on the rate of exchange, detrimental to Austria her-
self. But Govettnnenthad remonstrated,•not in the
language of auger, but of explanation,
,and contented
themsefires with pointing out the impropriety of tim
step.' As for -tpe. Vote of. Credit, it proceeded on
these grounds ; it did not appear wise at present to
define the exaet amount of the assistance we might
be induced to lend to our Continental Allies., but the,
better mode would be to ask of Parliament a sum equal
`''ti the utmost aid that could be given, and hereafter to
determine on- the application of the parts. This was
particularly preti!rable'at the present moment, when
we could not see from month to mouth whereas-.
sistanCe Avona be 'required: This'. was all the ex-
planation.t hat appeared to hint necessary to be given
on this'maliea at present.
• Mr. l'orootrai censured Ministers for having con- ,
tinned the Swedish subsidy so long ;.,as, to that he
ascribed the aKlity the King of Sweden for some
titnepossessedpf carrying on the ‘vsr, which led to,
the overtitroa of .his throne and destruction of his
country. With respect to Austria, he considered
any assistance we could give as useksi; he was eon 7
vinced that no effort we 'could make could do her
any real good, and would be attended with incon-
venience to ourselves. It was painful, after all her
faithful obst;rVance of her engagements with us, to
deny her, perhaps in her last struggle, the means of
prolonging it ; but their feelings ought to be restrain-
ed. by a sense of the duty they owed their country.
If we could dO her any good, he would be the last
man to oppo,e. any kind of- assistance ; but unless
we coUlddo that, it behoved us to save our means,
for our own preservation, when the undivided'power
of France came to be direeled.against ourselves. He
was not, however, disposed to throw any blame on
poVernment for their' feelings on this subjeat, an
anxious wish to do`evrry thing proper for our ancient
.

NIT. CANNING eXplained, that the Vote of 'Credit
was preferred, ift the present state of things, ;to
having Government limited by any previous arrange-
meet, or Treaty laid on'the table. „ . .
Mr. WtllTlllt bAn wished we had rather given the
690.,0001. to'the Prince Regent of Portegal, than
have lent it,ias it was childish to cSpeCt Net,: should
ever see one shilling of it again. It was only de-
ceiving the people to express any hopes of its moan,
as else produce of the Arazils and other. pledges for
principal and interest were life ly, incompetent to
discharge. either. Pte haps r fn the treaty we might
have an article like the ludicrous one on the Austrian
Loan, that the King might prosecute the Emperor,
- fur the arrerunt hi his owte Corn is at Vienna. As
for Whit Miuisters hail stated respectieg Sweden,
he agreed with his Right flopourebie friend
Ponsotibe) that our souSidies .had 614, enabled the
Kiog of the counity to pursue the teelish.
and wanton career, which tertnieated in the
overthrow 'Of hi; throne and the ruin at his
country. Our Expedition to the Baltic proVed the
sraiteof eciutirry, and the lolly el continuing,
these supplies. That however was past and gene,
and he would say no :more oe the subject. This
subsidy to Austria wak another affair, and he could
never consent to the .payment of bills drawn in so,
onautliorited a Manner, that it would bi insaetty to
expel they would be paid,
.It was madnesS to nun-
zinc th:it Europe would derive etiy •good (tom tins
Ateitri,M war., ',lf they had de‘Ored et die corn
niencement of the Spanish ,War, .11nonaparte, if he
had not been 'able for them both at'ortee, would have
relinquished Spain- and. annihilated Austria at,
once.. The Spaniards might perhapi. have driven,
the few troops left by him to the Pyrenees, but
there they would have stopped.', pu,t after his arMy'
was engaged in Spain, Austria, with no good faith,
had forsaken her treaties with Fraece, on which the.,
French 'Etirperor, with an exertion that our Govern-'
tnent or Europe could scarcely have .credited, I;4t
the Spaniards in check while he
~oVerthreW the'
power of Austria,' and wa4 petliaps at this moment
ui Vienna--if not now, lie had no doubt he Would
be there When our Messenger went to find that'Aus-
Ulan Court,: in order to deliver his remonstrance— to
it,- It. was, :therefore, his opinion, that .rilinistcri
had not gone far enough ‘vlien they merely
gave no eneourainuent. to war ; they ought to
have told Austria to remain trawled, and. that to.
hut. would .custire -her tlrbtiu;;tion ; for Beoriaparte'
la Quid torn his whole fOrce against her, iitel what
ti en had she to leoli fir ? When the fidelity of
Austri:t talkeitl'or, it would be Ivcll consider
whether she was not imnund to pr,.:StrVe 11,:r Erich willt
ot eel- Countries as as with this. Was tithe nuclei;
no obligations ? Had she no bonds of fidelity to.
Frasier!? Had 'not France; conquered her befole, and
taken. her capital, end after all, lied she not been re-
placed by the conqueror in her rank among the na-
tioos ? 1 t was no matter who were parties to eegage-
6enrs, they (night to he secredly.ltept, noel Austria,
hrok.eit her Pith sleet thuse, to whys? tnedera-.
SLlCl'''ovictl her oaiieje, the; moment
slite could, with the probability of success. If a sub-
sidy had betel propeatel tor. Austria this night, lie
WOuld, though he atueld. single, have opposed it, and
entered ilia, protest 'against it, Look at the last 15
years, nod we riltiA.tm.fools and miehnen to think:
!,rite!:,,eelfl to. coetrool French non. In thii rtee
spiel t!:o Gentlemen opposite had, what they rts,
gletted the Want of the other night, precedents, and
t atited,they wOuld he guided by them. To use
tht; words of Mr.., limite--.“ A Statesman was no
.without the tile ;" and he hoped in this Case
'Ministers weuldreiort to their file to see how much
blood had been shed and to what end we had come,:
He rejoiced to learn that the Loan„Walathantageons,
but we bacl not to look to thesmalloess:'of (kir' loss
in 'theexpehees-ineurred, but to the objea tar which
w,e had been contending, With resped to the fills
draWn by Austriam
44 hone the staitent of the Right
Hon. Secretary, it'appeared that ne, engagements
had been entered into on our parts, and if Austria
had taken this ill.advised step, it was the duty of
the House to refuse a vote to -liquidate them,: He
would' wish hereafter to know • their dates, which

. .
the matte% ' As fbr the votb of credit for thee° mil-
lions for Foreign Affairs he could not see, with the
exception of Spain, which while a hope remained,
.and there was.. life hi the body, he would assist,
where a singlC British guinea in the world could be
employed with advaotage,.and therefore her wished
the vote had been fugue specific and confined to
Spain. The pauses of Buohaparte, which *ere at,
tributed !IS weakness, were spent in ColleEting. his,
strength, which he then wielded with the speed of
lightning. It would be,Well that our Statesmen who
read.a book (Mr.' Fox)i) alluded to on.the other
night (Tuesday), attended to the quotation ihey had
taken from ii, and cast their ettes around from some
of those periods of history which afforded know-
ledge to the .observer; if 'they had, they 'would
have escaped 'many Of the ,evils their measures had
entailed upon' the country. :The Hon. Gentleman
concluded by calling their atuntion to the'subjed of
Lotteries, and regretted, that of the Ways and Means
of the year, it was •intended one of theSe should
form a part. He announced a most eloquent and
impressive phillipic against the moral and political
woes they brought upon the nation, and expressed
his determination so oppose them with all his power.'
Mr. PoNSONBY., adverting to what had fallen from'
the last Speaker, said, his ie&ure on the good faithi
of France, and the bad faith of Austria, must have an
excellent. effea when spread by our Newspapers
over the Continent. What proof bad the Hon. Gen-
tleman for his assertion that Austria had bi.oken her.
thith to France. Had she nut ristn to save herself
from ruin ? Could any man at this time of day
think that Austria had any other choice but to pe-
rish with arms in her hands or without them ? By
the perfidy of Austria did the Hon. Gentleman mean
to imply the good faith of France ? 'His ofditions
Were diredly.thu reverse, and he had not the sha-
dow of a doubt but that the good faith was all on the
side of Austria, the perfidy all on the side of France.
With respect to Lotteries, .he was of the same
pion as the Hon..Gentlernan:.

•
Mr. WHITBRE kr) Wag surprizeci at the lability
with which. the Right ilonol.;rable,Gentleman 'had
made up his mind in laVour of Austrian g,oorl faith ;'
he could not.on such•grounds come to so decisive a
r,!sult. against Frince. The Right Him. Gentleman
would make a good ally to the other aide, and be
would have no objeeition to meet him and the Right
lionourithle secretary. (Canning) on the aubject,
when,:perhaps,,their joint arguments might operate
his convietion. • •

LoANNING 641, although. it .would be very in-
convenient at present to come to ibis discussion, he
could not pass altogether unnoticed' the sentiments
lie bad heard from the Honoulable Gentlemen'. In
however, he was left little to., performcfrom
thu.excellent •,manner in which the subjkl• had
already been taken up by a Right Honourable Gen-
tleman kMr. Ponionby), with' whose opiniami'he
perfectly agreed.. The lienoUrable: Geittletnan had•
said that Ministers ought to. have told: Anstrii to
remain at peace ; but it thin was the view with which
the Honourable Gentlemen looked at .the conduct
Government, it .was:very xliderent indeed from:that
which they took who could never advise any Go
vernmeet to espet`it safety in peace with. France-
They never advised Austria to go to war, of `which
she herself was the. best judge.; bet; God forbid that
..they should ever hold such an opinion as to•say lu
datatty,taciaduntry, look' ter Safety by. tame submission and
ly
CcugiLtltir67%evnh'e'en they
.'
'lt
watl9tolluogthfr tthieletOneitoiedPaai'r'-t
out to ae
rived when resistance was preferable to submission,
but hu had now no hesitation id saying, that this
period was arrived to Austria.; the•eye.ot. the
'Con-,
titterer was upon her,' and her ruin Was ficald.4l4.
118 86611 as his-hands were free.
Mr. Wilieraup,AD isajdi: he' did not wonder. tire
Right Hon. Secretary was so ready ti, ratify the al-
liance with his new Friend, and he hoped •the.treati
of subsidy would be regularly` observed., , •
• ir. PUNSONI3Y said hes knew of •no subsidy Or'
The Cu ANC/M1..0n of the EXCHE4II.7/3R. ObSerVOLT;
he had fairly.-stated his opinion.
.ttrbeaatt•ythe; Hon. Gentleman (Mr. Whilbjead) had
;pressed his surprlse ate .Rizlit Hon. Gentlentan bar-
lug been able In-triake lit election in f,%otit of the
dgioltiodetifllltlythio°dlrAaritritgl3l;iiih'tictonheeln
lsiiiorriseloeolt,f:liAadt:sttrolidpenro,.
lidy and French geuerosily and tideliq' 1“)'n the: pa'
pers of Champagny. The Bight
Hon. ChaneellJr
then went into the stibjeEt of Lotterletwand•express.ed
•
a • liope, as there was no vote on the su bjett 611 ed
for to-night, that the matter might hereafter be di4L •
enased, ana Some Means devised to prevent insurance,
Whence all the ninichiels complained eat arose.
WILDEBFORCE, 41 a feeling bi,erch com-
mented on their had etrects.'',
Sir T. To teroN expressed hithsell satisfied with
the explanation giv.cti, with respeet -to Sweden, and
his coindidenceiti sentiMent'with Mr. Pettsonby'
the all firs of Ati,tri:t. He however disapproved of
the lame, which he eonsideied as less advantageous
in the 4 and .per rents, than it would It:Ave:been in
the per cents. Tile present system tutdo ton great
a fund of the 4 per Centi..• lie concluded with borne''
leinarks'qn 'unitary subje&s, acid, t lie Lotteries, and
wished to kilo* it the 6111110.SCiie of exemplum"
contributions on the incoine Tax 'were to remain as
last year: •
, The CnANeactoft.of the EXCFIP.CI44:II Said there
'here try he tin new statutes this year; they would
upon old laws;
Mr.l.4usx.issoN thought, it useless' to "-enter into'
thoquestionrespeCting•lotteries at that tittle: what-
'ever might be their decision, it would be=at' little itu-
vortance,. as the subject' would be brought befere•
the house, when they- would have an opportunity of
expressing- their 'sentiments of 'the measure. The.
Hon. Gentle Man prneeeded to shew it would 'nut
lave been an advantage to 'the country, had the/
Loan been negociated.iu the-B per carat' as had been:
suggested fur if' the interest were less, it should he
remeMberedy that ,as the 'capital 'grew larger, the.
amount of the sinking land would increase, and con
sequentlyauch an 'arratigemcut would not appear
eminently economical.. He 'concluded, defentinnf
the propriety of' fimding Exchequer Hills in the fl
per CC44l!__::' • , • •

Sir. . URTOIT ade a few remarks in reply.
Sir SAMUEL ROMILLY, irt, a veiy iroprossive man-
ner, pointed out the evil etre6..ts 'ot" lotteries.
The CHANCELLOR of tlic. ExeriEclvErt said, the
subjed hid been discussed over-aud over asilia, and

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terie3.

Mr. WHITBREAD went at, some length into•the
case of Mr. Wood, to shew the extent to which
insuring bad been carried on. lie Said he did
not mean to make any specific motion upon the 5u5.4
je, but it undoubtedly was one that called very
loudly for the consideration of Parliament.
The CHANCELLOR of the Excuiclusa vindicated
Mr: Wood.
After a. fete farther observation; from Mr. W.
Smith, Sir John Newport, Air. Babington, and Mr.
Scrope Barnard, the resolutions were put and
agreed to.
Mr. hose brought in the American Trad&Bill•,
'which was read- a first, and ordered to be read a
.
second time on Monday.
Mr. FosrEn brought in a Bill for the better cel-f
luting the taxes on dogs, horses, and carriages it
Ireland, which was read a first; and. ordered to
read a second rime- on Monday, and to be. printed:
The Customi Jurkdiction43ill was read a second ,•
time, and.'comtnitted for Monday.
The other Orders of the Day were then dispoq4
of; and-the House adjourned tit Half past Tea: •

.77