The Sun.
London, England, 1833-08-13 00:00:00

EAST INDIA
(THIS DAY.)

A Special General Court of Proprietors
to-day in order to determine whether '
agree to place their commercial priv►s
under the provision+ of what is called the

C. MARJORIBANKS, , Chairman, •
Director. 4 took their places at twelve o'clock.
The Bill as amended was laid on the table,

The proceedings of the Court of DI•
day were read by the Secretary, by wh'
majority of the Dirt ctors had resolved to
the Proprierors accede to the declared
Houses, to which the Chairman and D-
delivered in a dissent. H. St. G. Tucker,
dissented, but agreed to the accepting of
best of two evils. Mr. Thornton cony.
Tucker. A paper was then read signed
Mr. Raikes, Colonel Lushington, 31r'
Young, and others, stating their reasons
views of the Chairman, and agreeing in do'
to the proprietors to accept the Bill, at the
commercial charter.
Mr. RANDALL JACKSON said he never
with such oppressed feelings as he then did,
brethren were placed between two bitter
question was, whether they should
Bill, with all irs iniquities and °pre'
other hand, they should reject it,
those risks which it was very evident would
course. The question now was as at first, '
hest to be done in the circumstances in vib'
placed? Mr. Grant had himself ackno-

630,0001. for the dividendswas to depend
of India, and at the same time frankly sea:. ir
many years been greatly under the expenditure;
first proceedings which he prom,lgatedt
100,0001. a-year to that expenditure,and all t 1
You must save this by reducing your ors.
there were many wise men who slid that
had already carried that principle too far.,
Gentleman went into a long history of
negotiations, and contended that the Court
have been in a better situation had they, on
agreed to some stronger resolutions than
gallant General Sir John Malcolm. The five
missioners again, he was afraid were my 'elY
for the purpose of opening a fine snug pl..
gentlemen. There was no limitation, the
might select them from Westminster Had. or
appoint men who had never been there, if they
to the bar.—(No, no.)
The Depu y CRAIRMAN explAned that in
they bad got it was covenanted that th se to
on the Commission should have been five Y—r
Mt. JACKSON was reliev d from
service of the C impany, and in I .dia.
very greatc, $,,
erjeeuttheiyt.
Sion ; was in that way likely to do tni:, jalo
there was now no possibility of converting chi
ttoeiarecKeLtk,the,heßr:lfloroer
were
He again came. back to the question of whetter
that adventurous a.a H- was prepared
b,d
would sink, and carry along with then' gsde
whom they woul ~ by accepting the Bill, Wes' the!
A, he %, as of op n on that it was the beet thi,ll
do to accept the Bill, they should do so,
Gpur
testing against many parts of its altogetret
racier. He then moved a resolution to that
trusting that if alter doing their best for catAr'
rtrp
they should fail, Parliament w"1"
relieve them with some other enactments.
0
Mr. ADINALL seconded the motion. tO,l
Mr. DIXON warned the Court agog's-oin
astray by the plausible resolution they had belthey'
for one would never consent to be robed in
proposed by the Bill.
tefil
Mr POYNDER. would not have felt it $
hive said a word hut that the Hon. Gentleotaif:
in every parr contradu t d the resolution which PoetP,
He was obliged to support the enactments for tieVf
new Bishops so long as they were at acked by
reTh.eryeighatuhriat:,
bo
Proprietor. Bishops weie necessary, both fe'verli
pans ans and the natives. He also supported the hog
of Hstleybury College, and supported the re
p 1 a ure.
Sii C. FORBES rose to move an aniendsne°4
left speaking. , I

BANK IVIEETIN°

(THIS DAY.)

.v(
A General Court of the Proprietors of teao
England was held to-day on special affairs re j
Charter, Mr_ Rams, the Governor,. in tll.,
The minutes of the proceeding* at the last'
been read.
The Govitstman stated that the 'Gantt NO h,Pi
in order to lay before it a corre-pondence
Court of Directors and his Majesty's GoCefil.4oo4
the last Court-day, relative to certain alrer";sl
had been made in the House of Common/4 vlijit ti 9
of Ministers, in the Bank Charter Bill, .°--
drawal of other parts of the Bill. The 1100,:00,71)
ce
then read the correspondence, which' relaar"
already fully discussed in the House of Cota Do;
the remonstrances made by the Court a ~)
Lord Althorp, as to some of the &Meadows ,t11)00
Mr. licsexautor, after the documents )11f ri
wished the Hon. Chairman to state, in a 110;004.4
0)
far the present station of the Proprietor' -1,61",,
that its which they were placed when thei..,,y.
the Proprietors could not, from merely bearl7
letters read, gather the precise effect of the '"
The GOVERNOR. said the first part of vie c°,l OA
referred to the postponement of the 6th °Sot Yol
tions, respecting country banks ; the other 11°..ovii
Lord Althorp, upon consulting his legal ad;l fit r
opinion that joint-stock banks of deposit Pr d'
bashed under the existing Charter.
slier
Mr. LLOYD asked the Chairman Whe-doer
submitted by Lord Althorp to the law
_A tkoti
Crown, relative to joint stock banks, try' .11
upon it had been submitted to the C..urt 0' e.I
Alii
The CHAIRMAN answered in the necati/o, FA
Mr. LLOYD said, in rising to addreaa tO6
laboured under deep feelings of regret, but If),
part he had taken in the former proceeu:74,- 1
probably expose himself to a charge of a d"' A
duty towards them, and of a shrinking froio 009.1
re)
if he forbore to express his opinion in the ei v,f;l
hweheicahpoothteythwatereitnowwoopidlac
again to assemble that Court to consult op . ,//
of the Bank charter, for he had c 11riii
all the points relating to that subje priy
finally decided—.(Hear, hear)—but still let $o $4l
haveed.— brelleenartleheGar;fiti
jig;
~/)
pect such a violation of a positive eneargerrea,"
oven committed, and of which he had 1$ P 1)9
to complain as of the injustice of the act it"e4lo,o
In the original proposition of Lord AltbOrP fii2
newal of the Charter, the main and ',Viking° r
that the Bank should have continued g 4
exclusive privileges as they then exi,ted, luasol iiitjl
)
that were some subsidiary propositional
..,0 031'),
together, jointly and severally, the BA( - $ '7 °
at last induced to make to the Governmeut seill/
ee
concession. Of those subsidiary points 1b
_0 to II
great importance—first, the engagement l'ai, ',,fl
the Chancellor of the Exchequer to make sill, 410
notes a legal tender; and secondly, that a 0.59
immediately brought in to regulate couuttioi 15
inducement roil
beprovisionsotfowthheicehetawbeiri,ebtomento
710;1 :4001 0
that would not issue their own notes. 1:::, 0$
engagements had only been partially fultoool4
that among well-into, med men a very IP—f' de
opinion might exist as to the propriety 0 $ Mr,/
of England notes a legal tender; but bi` l 5 .1
city, the measure had been so contrived Lslll/11110A
pose the Bank to the inconveniences of u-6, :1670AA1
while it would not secure to them the bs'n- ' yr
still the engagement if it had here amPIY d if
have been a benefit to the Bank, B°. 01 I ,
of the advantages which had been held ou'r. i,
ii,
4
to accede to the propositions of Mituatr p'irtg:sll;
therefore great right to coos
gain had been but partially Fulfilled. Puce-atela9
ii, en imperfixtly tu6ll.d, but the Chance i 0 'yr/
plain that that, out d
chequer, in his official character, stattul'o,o4,
Tr. usury benches, had declared that ti pc 0.1014/0
part of his h again with the Bank. Dliat:%0011 ref
that community (the Bank Proprietor6):4o.o•oo7)
of England, that they should 'MI y endcseell ,V
the the view which the Chancellor of the bee,ffigitt,r
to the nature of a public bargain--(":,:d a r i
that purpose he (Mi. Lloyd) would irroprictorefi
Althorp's letter. The Honourable Po tbig
part of hie Lordship's letter referring
his
s sflar
subject, in which his Lordship mai le t :i° r°7loo/
lug the subject, and conferring with 0,-to Ipaii,
Majesty's Government hail directed "Iwo 0 I
lowing proposal-, the third of which 000,4; r
Ehnegrodknioateßs shouldglatid beor maandye aoflettst tberilrni:e
Majesty's Government had directed bile 00 00,1
call the etteztion of the Directors ° '

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