The Sun.
London, England, 1847-12-11 00:00:00

THE NEWCASTLE BANK.

In reply to Mr. HUTT,
The CHANCELLOR of the EXCHEQUER
stated that he did not wish to speak prejudicially
of this bank the other night. What he meant
to convey was that it had obtained a tem-
porary loan from a district branch of the Bank
of England, which had been repaid. The loan was
made to meet a very heavy run, and the application
for it he did not consider prejudicial to the directors,
who, he regretted, had been annoyed at the statement
as construed by them.
EAST INDIAN RAILWAYS.

In reply to Lord JOCELYN,
Mr. C. LEWIS stated that the Calcutta Presidency
had consented to the construction of a line called the
Indian Railway Company, from Calcutta into the in-
terior, the terms being that the sections should be
executed so that the line should cost no more than
3,900,000/. The Government were to find the land
and were to guarantee interest at the rate of 5 per
cent., and to have the option of purchasing the line in
25 or 50 years. A similar offer had been made to the
Great Indian Peninsular from Bombay, inwards 35
miles in length. No arrangement had been made
with the Madras line.

Sir R. PEEL inquired if legislative measures were
required to effect this purpose ?
Mr. C. LEWIS apprehended that the East Indian
Railway Company thought they had power to carry
out those arrangements without legislative sanction.
Mr. BRIG-HT said the cost of the recent failures
in Lancashire would have made the Peninsular line.
Two years delay had already taken place, and as
work could not be done from June to September,
another year would be lost, if greater speed was not
made. Ile did not think the terms sufficiently liberal
to enable the directors to raise money in the English
market. He should, therefore, after the recess,
move for the production of the correspondence. The
subject was most important to Lancashire.
Mr. C. LEWIS considered the granting of the
land exceedingly liberal.
Mr. WADDINGTON inquired whether the.terms
had merely been offered, or whether they had been
agreed. to?
Mt. C. LEWIS said they had merelybeen offered.
COMMERCIAL DISTRESS.
Lord G. BENTINCK wished to ask the Chan-
cellor of the Exchequer to postpone the nomination
of the Committee to inquire into the causes of the
recent distress until a further day. The present ap-
pointment was not at all a satisfactory one to many
Honourable Members in that House. A great
number of gentlemen thought that neither Scotland
nor Ireland were sufficiently represented in the Com-
mittee. It appeared to him that due consideration had
not been given to those Hon. Members who were op-
posed to the Bank Charter Act of 1844. It appeared
that every Hon. Member who opposed the passing of
that Act in 1844 was excluded from the Commit•
tee. He trusted, therefore, that the Right Hon.
Baronet would postpone the appointment of the Com-
mittee until some day next week, and in the meantime
he would give notice of other names which, if the
House should wish, he would propose should be
added to the Committee.—(Hear, hear.)
The CHANCELLOR of the EXCHEQUER
said that he had endeavoured as far as pos-
sible
to do justice in the selection of Mem-
bers for the Committee, and he was most
anxious that the constitution of that Committee
should give general satisfaction to the House. He
had no objection to postpone the nomination of the
Committee till Monday.
Mr. HUME wished to know whether the Com-
mittee, when appointed, would commence with their
inquiry until after the recess.
The CHANCELLOR of the EXCHEQUER
said that it would be fur the Committee, when it met,
to decide what course they would adopt. If he were
to state his opinions as to what that course would be,
he should say that upon their meeting their first duty
would be to elect a chairman, and then determine as to
what course they would pursue, and what accounts
and returns they might require. Having decided
upon that point, they would probably adjourn, in
order that they might have the returns ready pre-
vious to the examination of the several witnesses whom
they might think it to call before them.
Mr. WAKLEY thought that as this was Friday,
if the Chancellor of the Exchequer postponed the
nomination of the Committee till Monday only, no
time would be afforded to the Noble Lord the
Member for Lynn to give notice of any other names,
and suggested that it should be postponed to a later
(lay than Monday next. It was his intention to move
that the name of Mr. Muntz, the Hon. Member for
str'uterk. ?flu'
ir,rn, Lcham, should added to the Committee.
the
eE
list, i
n requestedo order
e thatmhiaskenarmooem mf(i)grhstombee
arise from an inquiry
The C [IAN CELMY
other, as he did not that any advantage could pos-
siblyinto the subject.
cording to the the EXCHEQUER
said at he should mot," of
thent. appointment of the
be for the -douse thene tohe had given, and
decide whether
it Committeewould
b
any and what names should be struck off or added to
the Committee.__

REPORTS FROM MILITARY
(IRELAND). OFFICERS
In answer to a question put by an Ilox, MEajnR
Sir G. GREY said the reports made by .11;,
various military offices of Ireland to the Commander-
in-Chief of that country, and from him to the Corn.