The Sun.
London, England, 1804-05-22 00:00:00

the ounce, and the coinage price is 31. z 7s. to'.-1.
makingl per cent, profit for about three montos,
during which time the Bank is out of the use of Its
money; of course, whatever the price of gold ex-
ceeded 31. Tv. zo2d. was a loss to ti'e Bank. The
Mint charges are paid by the public.
What was the expence of transmittiog the money
, from England to Ireland ?.Seven shilings and
pence per cent. carriage and insurance to Holyhead;
as, per cent. freight to Dublin, without any expence
of iosurance, or any other'charge ; but, if insured,
from p. to 7s. per cent.
What is ,the usual commission f py sending the
gold ? My house charged to the Government and
to the Bank ofolreland 4- per cent. but { per cent.
is sometimes charged on small accounts.
Has.the great increase of paper, issued by the Bank
'of-Ireland since the restriditni, given a great faci-
lity to private banks in Ireland to increase the issue
of their paper ? should think not to any great
arnoont ; because I do not apprehend that the
bankers keep any excess of Bank of Ireland paper
by them, beyond vvhat'they from experience may
have found 'sufficient to support the currency of
their own paper ; nor do I think, that. the.increase
of Bank of Irela'nd paper is excessive ; it mti;t
recolleded that .t he Bank of Ireland, in 1.797, had
beep established only thirteen years; and it is fair
to tonciude, that the longer they continue, the rfi;')re.
of their paper will go into circulation, and they -had
tb supply the vacuum in circulation by the,gOld of
the emntry being so .mucla.diminished, and most
probably in course of time • their paper will
only circohiting paper in Dublin, as it is :viLn'ihe
Rank of 'England paper iri London.
Do you not conceive that the restrimlion on ph.
Vatebankers in Ireland, preventing their Worn is-
ing any notes payable to, bearer under 51. p.-exceit
silver notes; which restridion was creat-td subse-
vent to.the general restrietion bill, must-have ope-
rated to produce a considerable augmentatiba of the
issue of BAnk of Ireland paper ? Certainfr.
Du you conceive that if since the 13 ink restric-
tion no other circumstances had occurred to:aft-eft
tie exchange Between Ireland and 'England, 'hat
the increase of the issue of the Bank ‘,l Ireland
notes would have afre4ed and in what degree?
I should think not, because I cannot see how an in-.
Crease of tank of Ireland paper, without a debt to
England, should make a demand for bills on London:
Da you conceive that if the Bank of Ireland were
compelled to pay in Bank of England notes, or Ex-
chequer Bills, it wodlo.tenci to lower the rate of
Exchange I It .eertainly Would lower the rate of Ex-
change, and their prqerty.' at 'the same time.
What do you conceive to be the objections to such
a measure being adOpted I 'lf the balance of debt
should continue against Ireland, ultimately the ruin
of the
.Bank, by its paying the whale loss of the
Exchange of the ,country.
Does it appear that large sums,lent into Ireland,
upon mortgages or other securities, have been with-
drawn since the time of the Mellion in 1798 ?
NA through my house, or to my knowledge.
Have you reason to believe that the English mer-
chants, or others, have shortened the duration of
their credits to Ireland ? Certainly not : the high
rate of Exchange, as far as applies to myself, has
tended to increase them, from the merchants and
other persons delaying payments to us in the hopes
of the Exchange falling.
Has any late reduction taken place•in the credits
given by the English merchants to their Irish cor-
respondents ? Not with my house ; and I (lir not
understand that it has been pradlised by other Eng.
lish houses who are more considerably concerned in
the shipping trade than I am.