The Sun.
London, England, 1819-06-03 00:00:00

CASH PAYMENTS.

Mr. PEEL moved the record reading of the Bill,
founded on the Report of the Committee for the
resumption Of cash payments by the Bank.
Mr. Ews gave notice, that he should move in
the Committee an amendment to this effect, that
the Bank should, from the month of October,
1.820, pay their notes in gold, at the rate of
31. 17s. lOid. or in the current coin of the realm.
Mr. GRENFELL observed, that as the reason as-
signed by the Noble Lord (Castlereagh) in a for-
mer discussion, accounting for the
.selection of
tle Ist of February by the Committee, in prefe-
rence to the Ist of March, April, or May, for the
resumption of cash payments by the Bank had
giren rise to different statements, it was of im-
portance that the public should be set right in this
respect. He, therefore, hoped the Noble Lord
would have no objection to repeat his statement.
Lord CASTLEIteAOH expressed surprise that his
statement should have been misunderstood. What
he had said was, that the Committee had recom-
mended the Ist of February, in preference to the
other periods, least the public should be led to
suppose that any further extension of the restric-
rive measure was contemplated by Parliament.—
It was sufficient to destroy any illusion of this
kind to reflect, that as Parliament !net in the
month of January there would not be sufficient
time to revive the Act, except it was done with
such precipitation as could only be iustified by cir-
cumstances rather of speculative than of probable
difficulty.
Mr. GRENETAM thanked the Noble Lord for hia
explanation, %elite!) he thought it of great import..
since that the public should understand.
The Bill was then read a second time, and or-
dered to be committed to-morrow.
Sir J. NEWVORT gave notice of a motion for to-
morrow (this day with regard to the additional
sums received by the Irish Post Office since the
establishment of packets between Howth and
1-I.!lybead, And between Dunmore and IVaterford,

The oilier Orders of the Day being disposed,of,
tl;e House adjourned abOut One o'Clock.

LONDON JOURNALS.

FROM THE MORNING PAPERS OF THIS DAY.

(Morning Chronicle.]

The circular invitation to the friends of Minis-
ters to meet Lord Castlereagh on Alonday next,
is the most pressing of atiy preceding card of the
kind. It is signed by Lord Castlereagh higdself,
and reques's their colopany.to hear a proposition
thut is to be-submitted to Parliament, of the most
iinnortatit kind. It is" understood that this al-
!uric; to the 'relies Gist are to be, brought -forth
out of the liiiiket.—We should be glad to he co-
t:1)k d 1;4- ybefore our readers a list of the-Mem-.
bets who shall obey the call.

- We teem that tie psragraph (copied from a
Al.r..ing Pape') respecting the Duke of L-
L I NUTON'S Visit to the 'lower, is unfouncle.d. The
N.,nie Duke lint not brew there, neither hes any
ogiccr of the Tower. 2,00 W. a-year, or halt tilt!

iii). It is a woman, not a porter, who lights
die )

[New Times.]

A Correpponden7 observes, (Cott while the high
tate of interest as 7 or 8 Per cent. on Foreign
Loans, is it 111-01,/ of the comparatively flourishing
state of this country, where Roans can be raised at
less than 5 per cent., the takers of Foreign Loans
vo+llll have been ruined had they had to pay their
instalments in the precious metals instead of paper
currency. In Russia the paper money, debased
GO per cent. on account oh war expenditure, is yet
20 per cent. cheaper than gold and silver money.
In other words, 120 tons of hemp eat) be
purchased %% Hi paper money in that empire,
when only lOU tons can be purchased with gold
and silver. The infatuated holders of theprecious
metals are weak enough to believe, that a nominal
Mint price of those metals can be the real market
[nice ; instead of reflecting that this price must
itself be at all times the real Mint price. In fact,
nobody will take less or give more for any com-
modity than tl►e exact price at which it can be
had.