The Sun.
London, England, 1815-06-01 00:00:00

hiIIE,TRiA L p ARLiAAfiNii.

, . - •
, . HOUSE Orbg. LD3i ;AY, MAY Si.
Mr.Shipfieci (from bosver Flarbo'dt), presentcd P4eri :e-
-lating to the same. - - -,
.. , .
• -•. : - . PILLORY ABOLITION BILL. Thi.Fearl oft LAUDER/3/ILE gave notice,. that lie 41101114
move t+le second reading of the above,Bill on ,Thursday set]_
nighi, provided the Noble and ',warned Lor'd, then indisposed,
should he oil the VtrieohaeL.
.
.The Irish' Ils3essed TaxeS Bill was read a second time, and
6:qinnitted for to-morrow. . .
~
The oth fliil Is on the Table wert; forwarded, and the Hous::. idjourtta .

, . • HOUSE OF COMMONS. .. .
The Isle of Man Light-house Bill was read a third time,
•
Thy Windsor Forest Bill went through a Committee: The
repoit te-morrow.

WHITE HERRING-FISHERY.
The House went into a Committee on the White Herring
Fishery Sill.
A conversation of considerable leie oti the different
clauses as th'o, occurred, took place between Mr. Rose and
Mr. Finlay; after which the House resumed, and the report
was ordered be received to morrow.
Mr, 10fIN SMF.77Hpresented a Petition from the town and
vicinity of Nottin:,ham, signed by several thousand 0111;04-
aants, against the renewal of war with France. Ordered to
lie on the table. s
Mr. WESTERNgai.e.notice that on Tuesday, next he should
more for leave to bring in. a Bill to except all wool the pro-
duce of Great Britain froth payment of the Auction duty.
SIR EDWARD PAKENHAI`J.
Lord CASTLEREAGH rose to request an Hon. General
(Gascoyne) to postpone his motion ior the erection of a.mo-
mment to the Memory of the late Sir Edward Pakenham. It
bad been communicated to Government, that there did exist
precedents claSely applicable to this case, and provided that
point were vcertained, there could remain but one sentiment
with respect to the nierits and character of that gallant officer.
It had already been a sulicient mortification to Government
to appear in any way opposed to the suggestion of that ho-
nourable tribute, but their only motive had been an appre-
hension that they might ho opening
,too wide a door, and to
be agreeing in one instance to What their general duty might
render them unable to accede in others. , •
' General GASCOYNE declared, hii only object- had. been
to do justice'tft the distiuguished•mriti Of as gallant an officer
as had ever fallen in the service of his country. He had no
objection to defer his motion, and doubted not that he ,could
satisfy the Noble Lord, in private conrersation,,tbat hii tuO-
tion was strictly justified by precedent.
Mr. B. BATHURST moored for leave to bring in a Bill to
enable the Dowripatric Election Committee to reassemble,
after certain inquiries in Ireland should flart been carried
into effect.
. . .
Mr. HORNER presented a Petition froth. a person named
Fletcher, complaining of oppression nriclei-,the Excise Laws.
Mr.TIERNEY took notice of the arbitrary power:, amount-
ing in some cases to a power of dispensing with Acts of Par-
liament, entrusted to the Commissioners, and wished to
know whether there existed any objection to the appointment
of a CoMmittee to examine the general subject.
The CHANCELLOR of time EXCHEQUER said a few
wools, but in so low a tone of voice as to be inaudible is the
Gallery.
Mr.-PEEL moved for leave to bring in a Bill for the pur-
pose of extending to Ireland the provisions of several Acts of
Parliament in force in Great Britain, empowering the Courts
of Law to direct payment of the Costs and Charges incurred
in the prosecution of Fe':mns. The Bill was tile!) brought, in,
read a first time, and ordered to he read a second time oil
Monday next.

BANK NOTE COMPOSITION.
Mr. GIIENFELL rose to make his motion relative
o the Composition between the Bank and
Go-
vernment, for allowing Bank of England Notes
to b.. issued crithout stamps. He premised that
it Was %yell known that this peianissiim had been
given to the Bank fur a certain CoMposition,
which commenced in 1791, was increased in 1807,
and was Understood' to be an eqiiivalent for the
priVilege. The only reason which had led to this
indulgence-was the practice of the Bank, fora
considerable time past, of cancelling all their
bills and notes the instant they came in. With
this or any other arrangement which might Oot
abridge the fair profits of the Bank, so far as they
were not obtained at the expence of the public
interests, lie bad no wish to interfere. Bat he
conceived that as .the subject stood at present the
public were materially injured. The first agree—
meta. with the Bank for allowing theta to issue
unstamped notes, was Made in 1791, and the Com-
position was no More that, 12,0001. a year, But
at that period the Bank paid chiefly in specie, and.
had no notes in circidatiUn below 51. Thus the
matter went on till 1799.; but during this in-
terval advances had •been' made .on the Stamp
Duties in general, without any addition being
made to the Composition from the Bank. Two'
years afterwards an Act was passed to impose a •
duty at the rate of 2d. on every pound note ; the
Composition was then raised t0‘24,000/. and thus
it remained till 1804. •Meanwhile the issues of the
Bank became very great, having increased in small
notes front 1'199, when they amounted to only a
million and a half, to four-millions and a half in
1814. But notavithstatnling this vast increase;
the composition.avas then only carried t0'32,2001.
at which
,it 'has since remained, In. 1808 another
addition took place on the Stamp Duties ; but no
notice was taken of the increasing issues of the •
Bank of England. The fact was; that within the
last twenty or thirty years a most Undue advantage
had been given to the Bank over the public ; and •
the great error was, that Government had not•
only failed to increase the cooposition in propor-
tion to their issues, but also in proportion to the
other advances on the Stamp Ditties in general.
Since the last composition, the increase of -issues
of the •Bank was from eleven to thirty-seven mil-
lions, without a farthing being added. This was
an injustice towards the public, and to guard
against it was the object of his Bill, in which he
should propose that the said composition be sub-
jected to the annual revisal of Parliament, and
made to correspond with the relative degrees of
Stamp Duties on other bills and notes. He
wished for the production- of Papers to stew
• what had been the amount of she issues of the
Bank at various periods. From dacuments
to which he had had access, it appeared that
which ought to have been paid for
stthaem(iisiie
srtbys ahe Bank within the last three years,
averaged 100.0001. in each year. Taking this
calculation to be correcti as the Batik had paid but
42,0001. it would be seen 58,000/. was
annually
lost to the public of that •which they ought to
have received. if the Bank of England had been
in the habit of performing great services for the
country gratuitously, he shoilld be disposed to •say
less on the Subject, but when he saw that almost
every thing which they did for the public, they
were paid for not only liberally, but as li; o distanttlLiaiglt
exorbitantly and extravagantly (as at
period he intended to show to the House), he
could not he silent when he saw such undue in-
dulgence allosved, and he was at a loss to conjec-
principle it could be claimed. He
ctit>rne o
clun what
tubed bylt moving for an account of the amount
of Banknotes in circulation on the 15 first clays
in each thonth, from June 1, 1814, t 9 May 31,