The Sun.
London, England, 1815-03-08 00:00:00

ALIEN ACT.

Mr. WHITBREAD rose to repeat the. notice be
4iod given, that to-morrow se'nnight he would
submit to the Hotise a motion on the subject of
Our foreign relatiory, in order to afford the Noble
Lord (Castlereagh) an opportunity of giving
the 1-1 rise that information which he thought
himself at liberty to offer. • Now he was on his
legs, he wished to ask, the Under Secretary .of.
State, its he had inquired into the merits of the
case-of a person named Coriah, who had been
sent.out-of this country sotne years ago under the
Alien Act, on an application frcitn the Court of
King's Bench ?
Mr. H. ADDINGTON said, the circumstance re-
ferred to had occurrtd While Mr. Ryder was lii
office. He had inquired into the business, and it.
was his opinion that the Right Hon:Gentleman,
had exercised a sound discretion in scud* the
individual who had been mentioued out of the
country. Had he not • done so, he himself would
have been exposed to censure.
Mt. WHITBREAD. was still of opinion improper
practices had been permitted under the Alien Act,.
and gave notice, that he•would on luesday move
for papers on the subject.
Sir EIHRYDGES obtained leave to !trim; in a Bill to amend
certain Of his present Majesty, respecting the State of
the Path and Paor-houses:

The Royal 2,larine Mutiny Bill was read a second tine and
ordered,tO be committed to-morrow.

The Citrate of I,itne and Tobacco Bills went through com-
mittees, the Reports of which were ordered to-be received to-
morrow. .

The Connt, Jail ChaplaiWg Bil! went through a Commit-
,
tee, in which We blanhs Were tilled np;- and a provision
made, on the motion of Mr. D. Giddy, for the Chaplains of
Houses of Correction. The. Report was ordered to be received
to rrt!tw.
Mr. PRESTON obtaiuei leave to bring in a Bill for pre-
serving Ctintingent RenlainticTs, and for the better itegula-
tioa at Expectancies of Rever*ns.
BANK RESTRICTION ACT-

Mr. BRO•GDEN brought up the'Report of tl:c

•
on the. ill for teoe%,.-I:ig the Baok
Rttstriction Aar.
GRENvELL declared the opinions he had
forme,i on the gobject now before the House,
whrn he .was a 'Member of the Bullion. Com-

raitree, remained unchanged. it was, truly stated
by the Gentlemen opposite, that in--the last year
the price of bullion had fallen 20 per cent. and
the exchanges had been improved in the same de-
_ pee„- though a greater number of Bank notes
were then in circulation. than at any former pe-
riod; This, however, gave them no triumph over
• their oppouent,s, for the Bullion Committee had
neveranaintained that the issues of Bank paper
wete -the criterion, barometer, or scale of the
p; ice .of .gold, and the state of the foreign ex-
changes, . The correctness of the doctrines they
had laid down might be seen in the present. state
of the country, when, after a year of• peace, the.
paper price of bullion was 15 per cent. belOw the
Mint pike, and the foreign exchanges 15 per
vent. against us. He was firmly convinced that
the currency of this country was now. and had
been in a state of depreciation, and .this depre-
xiation would continue td:irtcrease there was
uo restrictions on the issues Of.3.lank Paper. To
avert the evils npav impending over the country,
a return to cash payments at the, earliest possible
. period was necessary. Anxious, that the country
should be again restored to a ,mixed •Currency of
gold sod paper, be should feel it his duty, whew.
the Bill came to he read a third time, to move an,
Amendment similar to that which he had propos-
ed in the Coturnittee, and to take the sense of the
Howie upon it.
Mr. ROSE would be judged by any man if the
reeasure recommended by the Bullion Committee
' would not have proved most ruinows had it been
resorted to at the period which they had named.—
The new guineas which the Bank had in that case
been compelled to coin, would have been melted
down as soon as they were issued. The Bank
would have sustained an enormous loss, and the
public would have derived from it no benefit. He
objected to the Amendment intended to be moved
by the Honourable Gentleman, as he
,understood
the introductiowof the words,. " and no longer,"
svere intended to tie down Parliament con-
Cutting the restrictions, even if it should appear
necessary. Gold had heen 5/..75. the ounce ; it
was now down to 41. 9s. lilts price shonl'd again
he advanced, great inconveniencies might result
from pursuing; the course which he understood the
Hon. Gentleman to recommend. Ile denied that
we bad been a Year at Peace ; we had still to send
million of dollars per month to Portugal, on ac-
count of arrears—we were not yet in a state of
Peace with Aroerica, and immense sums had been;
carried out of the country by travellers and per-
sons visiting and going to reside in France.-7--
But for these circumstances he thought it pro-
bable that even now Gold might have been down
to the Mint price.
Mr. GRENFELL explained..
Mr. flows:Ea was decidedly of opinion the
Bank ought to resume cash payments as early as
possible : lie denied that any of the doctrines of
the Bullion Committee had been refuted, and
could not allow this, opportunity to pass without.
entering his protest against the Bill altogether.—
, The Chancellor of the Exchequer, who had said
he expected the measure would not continue•to be
necessary beyond July, 1816,- he regarded as be-
ing pledged, not that the Bank should open at
that tune, but that he would not •lose sight of the.
subject. It was a mere delusion to suppose that
the Bank would resume cash payments if left. to
themselves. Government must interpose its au-
thority, for it was not natural that the Bank
should spontaneously give tip the great profits
which they derived from the systeth of restriction:
Was it not a strange circumstance, that during
the period of our • greatest foreign expenditure,
and our largest importation of Grain, the price of
Gold was falling, and it was rising this year, when
oar foreign expenditure was rapidly diminishing
every week, and the importation of :Wheat had
ceased. On the third reading of the Bill he should
propose that a declaration of the principle that the
Bank must resume its payments should be intro-
doted. No one wished -cash payments should
take place immediately, but that Ministers should
adopt the doctrine of the necessity of their taking
place.
-

- The CHANCELLOR of theExcuzatraa protested
against the assertion that we had becii-l2niontlis
at peace. We were not even now at peace with'
America, since the ratification had not been re-
ceiveol, a:-.d that war had a great effect on our ex-
change. The peace concluded on the Continent,
also rather partook of the nature of a preliminary
treaty, involving subsequent arrangements. The
Learned Gentleman opposite had not attentively
followed the course of the price of gold. The
great importation of Corn had taken place at the
•CJId of the year when the price of gold had risen,
and not in the early parts when it Was lower, It
was trne.that our foreign expenditure was raphily
diminishing, but when it was considered. how

great it had been during. the -course of the last

yei:r, It was astonishing that the.exehange shon.ld-
have experienced any improvement. It was this
which led him to hope that the Bank would he
able to reAnne cash payments,. though he was far
from relying, with confidence on those hopes. The
Exchange had, however, already en,creqtsed.2s per
cent. in our favour, and he thought it probable
that it would experience another augmentation of
kV per cent,

Mr. P. GRANT drought it strange that the Chan-
cellor of the Exchequer should haire brought in
such a i3ill, opposed the motion of a Noble Lord

for an inquiry into the 3 übject, and proposed to
let the measure settle itself ; when he now said

is hopes of its being. realised were not very. san-
guine. His own opinion Was, that the Bank could

not resume cash payments without the greatest
diiliculty;- his, hopcs.were still less sanguine than
those of the !tight Hon. Gentleman. Indeed he
had no hope of the sort, bits expected that the
f,ame suspension of co3ll payments would be at-
tempted, and that, at the expiration of the period
now fixed by the Bill, the Chancellor of the Ex-

chequer would come dov.-n on a similar errand,
though whether he should then recomniind a rein-

porzr-y measure would then remain for him to de-

terni

The Report was then read and agrnd tn, and

till' Bill ocacreil for rrading hriNtlay

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