The Sun.
London, England, 1815-04-27 00:00:00

BANK PAPERS.

'Mr. GRENFELL. rose to mike the motion Of
which he bad given notice.. Though he tinder-
blood the Chancellor of the Exchequer did not
mean to oppose the Motion, be wished to he in-
dulged in a few observations. He then adverted
to the balances in the handt of the Bank of Eng-
-1,4„j, trom Ada they derived very great advan-
tages, and in which, he thought, the public now
had a right to participate. In 1791, Mr. girt lard
claim to the unclaimed dividends, which, was re-
sisted by. the. Bank,
,who then contended, that
they weie not deposited for the interest of the
public.; but when they foond that Mr. Pitt was
determined to persist in his claim, the Bank agreed
to give 500,00 W. towards the public service.—
They did the same' in 1808., when the Chaircellor
Of the kixelotquer was in administration ;. and this
pot it beyond a doubt that these I).ilatices were the
property of the alter allowing the Batik
a fair and liheral remuneration tor their trouble.
He hail been asked, what he meant to -do when
tuese papers were granted h ntight'be pre.unip-
tuous in hint to say now whatever he might here-
after make of papers the contents,of which he did
not know; but he confessed he ti onglit it was not
right to teave such large sinus of money in the
hands of the Bank, for that body' to play with and
to make advantage of, When thc public, to whom
the money belonged, and who ought to have the
benefit IA it, were so highly. taxed and so griev-
ously burdened : he therefore hoped no Gentle-
man would hereafter say these balances' ought to
remain to the hands of the Bank, witch it was
clearly shewn that from them might be derived a
clear. saving- to' the public of between 5- and
600,0001 a year, after making a liberal allowance
to the Bank for their'trouble. He then touched
upon the income of the Bank drawn fronri the cir-
culation of their paper, which last year amounted
to 31,000,0001. It was true it ;had since fallen,
hue the average might be taken at '27,000,000/.
and taking in the balances, their incoaie might be
said to be altogether 2,376,0001.—He concluded
by)itoing fur " an accouut' tit the balances of
cash in the hands of the Bauk of England, on the
ISt .and 15th 'days of each month twin 11307 to
1815.".

Mr. PONSONBY seconded the motion.
The CHANCULLOR tit' the FCHF.,QUER said it
was not his intention to oppose the motion ; but
'certainly the Honourable Gentleman had taken an
exaggelated view of the,ptorits of the Bank, and
in his-arguments, by analugy on the subject of the
thiclaimed,Dividends, tie had udguestlonaldy in-
dulged himself in a greater degree of latitude thatt
he was entitled to do. He was, however, desir-
ous that some effectual measure on this subject
should take place in the course of the next Ses..
sion.

•
Mr. PoNsoNBY was happy to perceive that a
motion had been agreed to which was likely to
produce so much solid advantage to the Public.—
He hoped, however, it would be understood, that
as the supporters of this motion did not mean to
disturb any agreement now subsisting be►ween.
Government and the Bank, that Government
would not enter into any new agreenlent with the
Bank.

titter some farther conversation between Mr.
Mr..P. Moore, Mr. Manning, Mr. Von-
ionby, the Chancellor of the Exchequer, Mr. Ba-
ring, Lord A. Hamilton, Mr. ‘iarryutt, and
Grenfell, in the coarse of %dile!' the Chancellor
of the Exchequer signified that there shotod be
no new arrangement entered into with the Bank,
‘vithont previous notice to the House, the motion
was agreed to.
YeSrifrisjh.ilG•ei.t-AGHraA:Mitedni.oved fora n
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ho'ufshee
BSiclohtsuC,e,r,entscisaarpthiCmoutriitlsie.Bill, and the Scots Ni.a.d-
-litlticile.--Adjourued.
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