The Sun.
London, England, 1822-04-03 00:00:00

CITY, TUESDAY EVENING.

A Mail has arrived from Hamburgh, bringing letters of the
26th ultimo. At that
,time the market continued extremely
flat for all descriptions of goods, and there were not any public
news. The Exchange of London was 36 ~1., for two months,
and 36 7A for short paper. Bills on Spain and Portugal were
in demand, at better exchanges, and there was also a good deal
d one on Vienna and Frankfort ; but on Paris and Italy few
paper operations could be effected. Money was plentiful at
two per cent. per annum, affording a perfect proof of the de-
pressed state of commerce. The letters from St. Petcrsburgh
are dated the 9th of March. Nothing was known respecting
the tariff, but the general opinion was that it would be unfa -
vourable to British commerce, unless it was rendered otherwise
by the interference of the British Embassy. The exchange on
London was 9 11-16 ai ; Gold, 390 ; Silver, 375. The 6 per
cent. Inscriptions in paper were 102, and the Loan in Silver 91.
The 5 per cents. in Silver were 77f, and the Exchange on Ham-
burgh, 8 13-16.—The Rentes at Paris last Saturday were 89 15
Here this day they are nominal.—The Consols for the April
account opened at 79i a 80, but very little business was done
in them. Money is very scarce, and 'must' continue so until
after Thursday next. The closing price was 79i without any
anxiety to purchase. The conduct of public characters in
Spain continues to raise the confidence of monied men in the
stability of that nation ; and their bonds are nearly i per cent.
dearer, though the value of any other description of oreign se-
curities continues to decline'; 68i a A has been paid in cash ;
and for the end of April the quotation is 69i ai. In Neapo-
litan Stock scarcely any transactions have taken place.—Mr.
Huskisson's remarks on the Bank of England have given sa-
tisfaction in the City, and the public will be much benefitted if
he will undertake, to bring Bills into the House of Commons,
and to support them by his influence; not only for the correc-
tion of Bank abuses, but also to remedy the evil consequences
to thq poor resulting from the present licensing system of pub-
lic-houses, and the unjustifiable conduct of the public brewers,
in-charging the same price for beer, which the consumers paid
them when malt was 120 s. a quarter, and labour nearly double
what it can now be obtained for. No merchant has a right to
expect the Bank to discount bills under 5 per cent. unless it be
the interest of the Bank to do so • but as this establishment
has many exclusive 'privileges highly beneficial ,to itself, the
public have a right to expect that the present mode of granting
accounts be altered. To obtain a discount account under the
present system requires an expose of a merchant's trade and
property, which few will grant unless forced by necessity.
Surely the Directors ought at all events to 'receive bills for dis-
count from any merchantiwho wishes to send them to the Bank,
and to cash them or not, as they think the security sufficient
for the interest of their proprietors. The capital of the Bank
Bank is too much occupied in the floating debt of the kingdom
to permit them to attend to the interest and wishes of the pub-
lic, and it would be a great national advantage to fund at once
all the Exchequer'Bills and advances made to the Government
by the Bank of England, for then to serve the public would
he the only mode which the Directors would have to em-
ploy the money entrusted to their charge, for the interest
of the proprietors. By the adoption of some measure
of this nature, and the repeal of the usury laws, the interest
of money like every other commodity would find its level, and
probablysin England would not be higher than it is at present
at liamburgh.-7-There is very little alteration in West India
produce. The supply of good sugar is small ; and prices which
could not be obtained last week, have this day beenpaid. Coffee
of fine quality is also a shade dearer. In rum no business
has been done. Unrestricted trade will be highly beneficial
to the Colonies as well as to the nation ; and as soon as mer-
chants have free laws to protect them, a general improve-.
ment in the condition of all ranks will be the consequence.—
The letters from Ireland give a distressing description of that
ill-fated population. Lord LONDONDERRY commenced his
public life in that part of the empire ; and the politics of the
party with which he has acted ever since have been well
exemplified in the present wretched state of, that fine coun-
try. Sir JOHN NEWPORT has given notice of ,his inten-
tion to review the policy of the Government towards Ire-
land on the 22d .of April next, and every well-wisher
to Irish prosperity waits with great anxiety to learn what
remedy can be applied to the general distress. The notice
given by Lord LONDONDERRY for his field-day respecting the
Report of the Agricultural Committee, from which the public
expect no benefit, on the same day which had been appointed
for the. consideration of the state of Ireland, has created great
surprise ; and much disappointment will be the consequence,
should the Right Honourable Baronet consent to postpone his
most important inquiry even for one day. There is certainly
only one cause why Lord LONDO/siDE RRY'S motion should have
a preference ; for if his Lordship wishes to -have the start of
Lord GREY in recommending some real remedy for the low state
in which England at present stands, 'then, peyhaps, Sir JOHN
NEWPORT should give way to him, but certainly not other-
wise.—From Turkey there is nothing new, and the next mail
is expected to put the question ocfpeace or war at rest, as should
the Austrian Internuncio not succeed in enforcing the views of
Lord STRANGFORD, then hostilities are likely immediately to
commence on the part of Russia.—(Morning Chronicle.)