The Sun.
London, England, 1824-06-22 00:00:00

MARINE INSURANCE.

Lord BEXLEY having moved the third reading of the Ma-
rine Insurance Bill,
The LORD CHANCELLOR read the additional clauses of
which he gave notice and a full description on Friday last. He
then stated that his first wish certainly was, that they should
be adopted, but that he should not press them against the sense
of the House. He, at the same time, gave a fair warning to all
persons who were desirous of forming Companies, that early
next Session he should introduce a General Bill to subject them
to these regulations, if they should not be agreed to at present.
The Earl of LIVERPOOL said that the Bill before the
House created no Corporation whatever. The fact was, that
for upwards of one hundred years, two Companies had enjoyed
a complete monopoly of Insurance. The object of the present
Bill was to destroy that monopoly, as it ought to be done on the
principle of a free trade. All it did was lo leave the whole ques-
tion under the common law of the land. Undoubtedly, after
the Act should have passed, Joint Stock Companies might be
formed, and if his Noble and Learned Friend thought proper
next Session to propose such regulations as he had now read,
lie should be inclined to support them. But he thought it fairer
that they should form the matter of a general enactment, and
should not be added to a Bill which erected no new companies
or charters.
Lord REDESDALE contended that the clauses might to be
adopted at present, as Companies, might, be formed as soon as
the Bill should be passed.
Lord BEXLEY maintained that no inconvenience could
arise from the postponement of the clauses till the next Session,
as no new Company could be established but by Act of Parlia-
ment, and the Bill of the Noble and Learned Lord might be
introduced and passed before any measure for creating Joint
Stock Companies should have been agreed to. He therefore
trusted his Noble 'and Learned Friend would consent to with-
draw his clause's and bring them in the shape of a general Bill
next Session.
The LORD CHANCELLOR said that though the Bill
enacted no new charter, it was known that a gigantic com-
pany was to be formed as soon as it should have been passed.
If no Bill had yet been brought in to give it life, it was be-
cause the projectors very well knew that they would have been
subjected to all those restrictions. Their Counsellors had no
doubt cnnningly advised them : " Don't say a word about
your Bill at present, only get the two existing Companies de-
molished, and then during the recess of Parliament you may
form your Company without any restrictions." But he trusted
that he should have the assistence of the House, and if Parlia-
.ment set rightly to work, in spite of the influence of all mo-
neyed men in the country, they might still be able to do that
which was just and proper.
The Noble and Learned Earl having then moved his clauses
1 pro forma, in order that no man might say that such clauses

had pot:been under the ear-tilde:a:lcm of;-Parliament, the Sill
was read a third time and
,passel -
The Marquis of LANSDOWN moved that the Report of
the COMmittee en the state of Ireland be printed.—Ordefed.

. .
WA LES. .
The Great Sessions in Wales Bili was read a third tithe after
a few observations from Lord Cawnon. "

His Lordship then proposed a few amendments, which were
negatived without a division.
On the qaestion that the Bill do pass, the HOuse
Content • _
Non-Content - - 3
Majority in favour of the Bill - --5
The Bill. was then passed.—Adjourned at HALF-VAST'
EIGHT O'CLOCK _