The Sun.
London, England, 1833-06-05 00:00:00

as a whole, he was opposed to them, and he hoped the
Court would not agree to the resolution proposed by Mr.
Lloyd, but that they would adjourn the discussion to an-
other opportunity, and then come prepared to consider the
proposi, ions sBriaiim.

(We shall give the conclusion in a Second Edition.)

SECOND EDITION,

Mr. R. jAcksotz protested mosten;
owey against. the
principle which had ben advanced, that because the G
vernment had made up their minds, therefore thefite of
the Bank was sealed. It was forgotten that the Ministry
had yet to tome before a free Parliament, and malt'
them believe that the7rs was a wiye measure. As
to the term of years tia;t: the Charter should continue,
he wool] say, if the Bank wag conducted in the
same mariner as they had done for the fist hundred ye
they continued to serve the public as they had done.
no Minister would dare to give the notice which they had
the power to do. So far as the plan Was connected with
the question of Country Banks, he would mentiOn the-,
in order to support them, the Bank had decreased its bul-
lion to less then one million, and be supposed that the making
of the notes a legal teeder, was for the purpose of preventing
such another crisis. But he was not sure that the plan
would do well. because it might ruin the B ink in three
drys. Suppose a run was begun upon the country
bankers, who would issue a whole host of notes, which
again might come running in like a full tide, arid
how they would be prepared for such a case, he
was quite at a loss to hrriw. Then as to the
three months' bills being freed from the Usury Lars,
he read that clause with fear and trembling, for he though:
they would open the door very wide to fraud, an.! they
would be deluged with a sort of bills called in the com-
mercial world "kites," which would be the greater in
number as the flyers of them were more d,sperate
Such a proposition threw the reins upon the neck
of one of the worst passions of hum in nature—
avarice. As to publicity of accounts, he perfectly
agreed in the propriety of a plan, and hoped that it
would he left to the Directors and Government to select
the mariner in which the publication should take place.
The last point on which he would address the Court was
the piyment of 25 per cent. of their capital, and lie
lo ked at it in a view quite unconnected with profit. He
thought the plan was bad, inasmuch as in place
of enlarging the security to the public, which they ought
to do, they were lessening it. He saw by the c,rrespond-
ence that the Directors had taken the same view of the
matter, and all lie proposed was to leave them, again to
press the matter upon the Goverment.
The Hon. Proprietor then read a resolution to enable
the Directors to prevail upon Ministers not to pay off 25
per cent. of their capital ; but said he should not press it
unless it appeared to meet the approbation of wiser men
than himself.

Mr. LLOYD said that he did not see any necessity for
altering the terms of his resolution.

Mr. WEEDING said that he in the main approved of
the original resolution. At present the Bank notes issued at
branch banks were the only ones payable at those branches ;
it was not to be suppos d, as some feared, that G ,vernment
would attempt to alter their practice. The having to pay
all notes in London would be no inconvenience, for although
they might issue 10,000,0001. more of notes, they would
receive securities, which would buy gold, for every far-
thing of it. The Honourable Proprietor feared, how-
ever, the consequences of the proposition exempting
short bills from the operation of the Usury Laws.
He proposed such an addition to the fourth resolution as
would not leave it to be supposed by Parliament that the
Bank approved of the abolition of the usury laws.
Mr. LLOYD then rose to reply. In answer to what
fell from Mr. Young, as respected publicity of accounts,
he said that evidently that gentleman merely wished for
publicity to know the profits of the Banks ; but he looked
upon it on much higher grounds—the safety of the public,
and the keeping of the Bank in a proper course. In-
deed, he was only afraid that a quarterly publication was
nut calculated to quiet the public mind, and he hoped if it
were found inadequate, the question could be opened again
within the ten years. As to the usury laws, he would only
refer the Court !o the evidence of Mr. H. Palmer and Mr.
Norman, two of the best informed of the Directors. The
only question, then, to be decided was, had the Direcors
done right in saying, " We think with the plan you pro-
pose we can carry on the business of the Bank with satis-
faction to ourselves, and benefit to the public." The re-
solution which he had proposed (lid not in any way shackle
the Directors in any furth, r discussion they might have
the Government. The Hon. Gentleman sat down
amidst loud applause.
There.were then loud cries of " Question," the amend-
ment was put, when not more than half a dozen hands
were held up for it. The original motion (Mr. Lloyd's)
was then put, and carried almost unanimously.
The Collar then adjourned.

CLOSING PRICES.
Bank Stock 204
3 per Cent. Red B9
3 pet Cent. Cons B9I
31 per Cent.. 96k
per Cent. Red 951
New 31 per Cent 97
4 per Cent 104
Long. Ann. to expire
Jan. 1800 171
Oct. 1859 161
Jan. 1860 171
FOREIG/,
Austrian, 5 per cent.
Belgian, 5 per cent 9o}
Brazilian Bonds
Buenos Ayres, 6 per cent 22.
Chilian, 6 per cent. 221
Columbian, 6 per cent l9l
Ditto, 1824 2Ol
Danish 731
Greek, 5 per cent. ;826 4ll
Mexican, 5 per cent.
Ditto, 6 per cent 35
Peruvian, 6 per cent.

-FOUR O'CLOCK

India Stock 241

Ditto 80nd5.... .. 26 pm,
South Sea Stock 991
Ditto Old Ann 66i
Ditto New Ann.

Ex. Bills, 100 e/ 5l pm.
Ditto 500/ 52 pm.
Ditto Small 52 pm.
Bank St. for Ace 205

Consols for Acc 9Ol
India St. for Acc 241

FUNDS.

Portuguese, 5 per cent 521
Ditto, Reg. Scrip
Prussian, 5 per cent.
Russian Bonds, 5 per cent lO4l
Ditto, Metallic
Spanish, 5 per cent 1
Ditto, 1823 l7
French 5 per Cent.... 10:3f soc.
Exchange 2sf. 80c.
French 3 per Cent BOl. 25c.
Dutch, 21 per cent 491
Ditto, 5 per cent B9l

SHIPPING INTELLIGENCE-(THIS DAY.)