The Sun.
London, England, 1819-05-27 00:00:00

BANKRUPTCY REGULATION BILL.

This Bill went through a Committee; and
after a conversation between Mr. Courtenay, Sir
J. Newport, Mr. J. Smith, Mr. Williams, Mr.
Pauiett, and Mr. G. Lamb, a division took place
on a clause relative to the controul of the MeS-
sengers by the Commissioners.
As forty Members were not present, an adjourn-
ment took place until to-merromr.

EAST INDIA HOUSR.

THE MARQUESS 4F HASTINGS. •
Yesterday a Special General Court of Proprie-
tors of East India Stock was held, for the purpose
of koceeding in the consideration of a Reit)talon
Ott the Court of Directors, for grantiog to :the
Most. Noble the MarqueSS of Hastings the sum of
60,0001., to be vested in Trustees, and laid out-
in the purchase of estittes for the benefit of the
Noble Marquess, his Marchioness, and their family.
The CHAIRMAN (C. Marjoribanks, Esq.) shortly
adverted-to the eminent services, political anti- mi-
litary, of the Noble Marquess, which he conceived
entitled hint to the gratitude of the Company, and
of the CoUntry, and.concluded by moving, That
the sum of 60.0001. be appropriated for the
use of the Mat guess of Ilaqings and his fami-
ly, in the mode pointed out in the Resofution
of the Court of Directors of the 20th of April
last, subject to the confirmation of the General
Court.

The DEPUTY CHAIRMAN (Mr. Robinson) re-
corded the motion.

Mr. IJUDLESToN said he felt it his duty, as a
Director, to protest against the Resolution they
had'agreed to.
The protest of the lion. Director was then
read; it'is of great length, and very ably drawn
up. The main objectio❑ of the Hon. Director
was, that the Executive Body, at the tune they
agreed to the Resolution, 'had nor documents be-
fore them by which the motives that induced the
Marquess of Hastings to enter into the late war
with the Mahtattas and other native powers could
be satisfactorily ascertained.
At.the suggestion.of Mr. R. JACKSON, the votes
of thanks given to the Marqiiess of Hastings for
his conduct in the Nepaul War, and in that re-
cently terminated, on which the Resolution of the
Court of Directors was founded, were read. .

Mr. GRANT expressed his disapprobation Oldie
proposed grant, as being entirely premature.
When the Vote of Thanks to the Noble Marquess
on account of the late war was agreed to, he did
not conceive any pledge had been given that it
should be followed up in this manner. lie was
of opinion that the proper time to reward a public
servant, was when his services were at an end,
and not %%ben he was absolutely in the midst of
them, as the Marquess t►f Hastings might be said
to be.' lndepeodent tif this consideration, the
very circumstances of the case ought to prevent
them from proceeding now. Since, instead of
hostilities being at an end, the very last advices
proved that commotions were at present on foot
in the very territories that had been conquered ;
they ought to see the settlement of those coin-
motions before they, proceeded to grant a re-
ward.
Mr. Hums then rose, and in a speech of consi-
derable length, opposed the motion. - He paid a
high tribute to the talents of the Noble Matquess,
but observed that he could not accede to the pre-
sent grant. First, because he thought the propo-
sition ,teas premature, inasmuch as the Proprie-
tors were unacquainted with the circumstances
that led to the war, as well as to its final
results ; and because, even allowing that
the political and military conduct of the Noble
Marquess were proved to have been most justi-
, liable, with reference to their origin, and most
beneficial with respect to their results, still a strong
doubt existed %whether the. Company had it in
their poiver, under the Act of the 53d of the
King, to appropriate Worn their territorial re-
venues a large sum of money for the purpose now

contemplated. In the course of his speech the
Hon. Proprietor observed, Iliat to proceed on such ,
a principle as that recognized by the present Re-
solution, which went to reward an individual for
set-vices purely military, was to give a premium to
individuals, who might he invested with the power
of Governor-General and Commander-in -Chiet,
to enter into unnecessary wars. It was, in facts
giving a premium for plunder. The Hon Pro...
prietor concluded by moving as an amendment,
" That the question be not now put."
'Mr. GAHAGAN, in seconding the motion, colt"
tended, that as there was no surplus territorial
revenue, after meeting the several expences that
were directed to he defrayed out of it, according
to the appropriation clause-of the 53d of the King.
the Court had it not in their power, however ,
transcendent the merits of the Marquess of flash
ings might be, to vote the sum now proposer!.
Colonel ALLAN repelled the idea,that making
such a grant as that now proposed was giving *
premium to individuals to mimic in wars, or, as
had been emphatically observed by the Hon. Pro'
prietor (Mr. Hume) to proceed on a system of
thunder. That no such insinuation could apply to
the Marquess of Hastings was evident from his
having voluntarily given up the whole of his
prize-money, that it might not be supposed that
the hope of gain had led him to commence hoe
tilities.
Mr. BOSANQUET entered at, considerable length
into the legal question, namely, whether the Cow'
pany had or had not a right to grant a pension
(ass was at first proposed) for a period beyond that
to which their charter extended. He conceived
that they possessed the right, and expressed iris
regret that the qu, stint) which had been raked by
the President of the Board of Controut,seconded
the Attoreey and Solicitor-General, had not been
solemnly decided before they proceeded farther. If
amounted, in it;s opioio,., to a tacit renunciation
of the privilege of the East ludia Company on this
point, when, instead of adhering to the origioBl
proposition, which was to grant a pension, thel
receded from it arid introduced a motion having
for its object the grant of a specific sum of money,
such propw.ilioo having been t wice negatived la
the Court of Directors.
Mr. IMPEY, at considerable length, sopnorted
the motion, as did Mr. Kinnaird and Sir Wilit3ta
Burroughs.
Mr. ASTELL, in a most able speech, opposed the
motion.
The Amendment was then put and negativetli
when a Ballot was fixed for Thursday, the 10111
of June next.—The Court then adjourned.