The Sun.
London, England, 1844-05-03 00:00:00

ENTS.

The TTouse having gone into Committee,
The CHANCELLOR of the EXCHEQUER moved
the resolution for the reduction of the duties on Marine
Insurances, as proposed in the budget. He had to add
that in the same resolution he proposed to make a de"
duction of the duty on agreements from 1/. to 2s.
(Hear, hear)—and also on the duties on proxies for voting
for railway and other companies from 11. 105. to 2s. 6d.
After some obervations from Mr. Hume, Dr. Bowring,
Mr. Warburton, Mr. Foster, the Chancellor of the
chequer, and Mr. Hawes,
Mr. HUME gave notice that he should expect the
Chancellor of the Exchequer to lay before them a table
of the maritime duties paid, and what were to be paid,
before they proceeded another stage, when he should
move that the highest duty should be 3s. on insurances•
The resolutions were then agreed to, and the House
rpsume,l, when they were ordered to be reported to the
lluusc to morrow.

. . .INSPECTORS OF PRISONS.,-,
1441 S AlTlV,WhibPetl- Frien&(Mr.
Mackinnon) would consent to postpone his motion with
respect to the inspectors of prisons, and the state of dis-
cipline in gaols ; otherwise, he should feel bound to
opixise the motion._ _ _

Mr. MACKINNON said, after the appeal made 'to
him by his Right Hon. Friend, he had no other Conrse
than to postpone his motion, which he would do until
that day fortnight.

- SAVINGS' BANKS.
The CHANCELLOR of the EXCHEQUER rose to,
bring in a Bill to amend the laws relating to Savings
Batiks, and to the purchase of Government Annuitiel
through the medium of Saving' Banks. The Riisl7t
Hon. Gentleman said the necessity for amending the
law arose partly from the circumstance tbst the
high interest which was paid by these banks, in coin'
parison with others, afforded a constant inducement
to persons who were not their specific objects, to invee',
money in them. How unwilling the House might be to
deal in any manner which might appear unkind or harsh
to those who invested money in savings' banks, they
would see that the public were under no obligation t°
pay them a higher rate of interest than they could °Will
in any other manner. He proposed by the present
Bill, to reduce the rate of interest in savings
banks from 2-id. to 2d. per day. Now various abuieg
having been alleged to exist in savings' banks he had fen
it his duty last year to institute inquiry with respect to*
number of those banks, and he was bound to say that
the result was the discovery that they were use%
for the purposes of private gain.—(Hear, hear.)
tterly there had been an addition to the depo-
sitors of savings, consisting of a class of person"
for whose use those institutions were not intended.'
He therefore proposed, in addition to reducing
the rate of interest, to introduce several other
provisions in order to prevent the misappl;.eation of
those institutions. The House was aware, that at PIT:
sent no person could invest more than 301.
any one year in a savings' ba,:ik. In lookin4
over the accounts of savings' banks, he fog °
that only a very limited number of pel's°llll
availed themselves of that privilege. He therefore pro;
posed to reduce the amount which persons could in-Ye.,?
in any one year in a savings' bank from 301. to 201.
the law as it new stood no one could have a grestee
amount of money in any savings' bank than 1501. ; he
proposed to reduce that to 1201. A person who possess,
1201. was in such a situation as to be st)l,l`
te take advantage of other securities to invest l
capital. The law enacted at present, that why
2001. should stand in the name of any one person lnesal
savings' bank, all interest should cease. He propos ,
to enact, that whenever the capital and intereisi
together should amount to 150/., all interest sh°e„.,
cease. Great abuses had existed in savloE
banks, by persons investing moneys as trri;
tees of others. He proposed that upon the pas,
of the Act no person should invest money as of
trustee for any other person without the signature ~
all the parties interested, so that money could 013,...,,v
be invested by parties as trustess with the 0%
nature ofall the different persons supposed to be interest 7
There was another point to which he wished to call sv°
attention of the House. Persons ignorant of busir.il
who had sums of money to invest, did net, telt
it to the proper officer, and the officer to whey
it was brought did not account for it as, the uso7;
time. Now he intended to amend the law
this particular, and to provide that if an paid offieer,
the institution should receive money from a dect
sitor, and should not bring it to 'account at the
meeting of the society, he should be considered VI,
of a misdemeanour, and liable to be punished for frallot
There were other minor provisions which he would 11'
then trouble the House with, and which would be see
if the House gave him leave to introduce the Bill. F
Mr. GISBORNE wished to know whether there 0,0
any provision with regard to persons having money
several savings' banks ?
• The CHANCELLOR of the EXCHEQUER rep
in the affirmative.
as;
Mr. HUNIE said he had for three years Phil!
been calling the attention of the House to ,„
subject, because he knew it was a fallacy to refer
the money in the savings' banks as a proof of_ the Co
porous state •of the country. The aomunttle7bs
of the money in those banks arose from t¢
,1
,
high interest which was !aid. He was of opinion
0,1
all persons should be placed on the same footing, Ito
that persons having twenty shillings should be in,
same situation as those who had thousands of poonlF
Leave was then given to the Chancellor of the
chequer and Sir George Clerk to bring in the Bill.

PENSIONS. hal
Mr. HUME moved for returns of all officers. to it 01
pensions had been granted for loss of limb, or 0°130,1f
equivalent thereto,. -4.nd whose pensions were stbseque,od
purchased by ',be Government, stating the name. the
rank, and ttie amount of pension of each officer 1_1..„1,00
dates wren such pensions were purchased, 'and the *1"„," bet'
paid by Government for such pensions ; of the nub,
of non-commissioned officers and privates in the no
and artillery whoAe pensions were purchased, anuejto•
number to whom the pensions were restored.—Agreauk
CHURCH TEM !'OIiALITIES (IREL AMA • to'
The second reading of this Bill, which'stoeu for cob'
night, was postponed tcp this day week, after 9 f:e
servations from Mr, SuAli and Mr. F. FAENCO,
_4O
The CHANQ,Y,I4I..OR of the EXCHEQUER b'". toe,
in the Savinrgs' Banks Bill, which was read a dot
and ordered to be read a second time this day w1,3:410e1P
The.vtlowe adjourned at a Quarter-past Six

BIRTHS. - tb.
On the sth of February last, at Birdwan, East birs,o°'
lady of Major William Riddell, of the Bengal ArloY•6) Virelih
On the 14th ult., at Brighton, the wife of Frederic •
Esq., Bengal Civil Service, of a daughter. portovfral.
On the 27th ult., at Lower Berkeley-6We'; no.
square, the lady of Joseph Laurie, Esq., M.D a., ot, SOP"„
-
On the 27th ult., at Banham, Norfolk, the 1110 Y
of°
niel Surtees, Esq., of a son.
On the 27th ult., the lady of Vinrdent Anthony
daughter.

_
_..
e,A
On the 30th nit., atMSt2!Ce4gßoirgitePs;_flanover-s-cluitril?e;:
sl-striassye,xL; B,qtt)., st,lineofHtohiely.iEttnuniteevii.nLeeswtians Nay, odfai4Sgtans._ te.'440...
.01
' hter " .
Staul,, of Al derleY• - vat
Invilh •.'W
r
kin the 30th-ult., at Bentley, Hants, Thomas A er a •
o: the Audit-office, to Frances Agnes, eldest daugbt I.:
Jerdan, 14:sq. se'll'i 91:
On the 30th ult., at Clapham Church, John Fater to' g Of
of Wood-street, Cheapside, to Eliza, fourth daup.fa
Morton, Esq., Lark-hall-rise, Clapham. L__..--------
.

On the 17th ult.; at LisboDnl,EjanDe.t, tbsTritVic'tCjillit.r-';fl '77'
Mackenzie, h. p., 94th Regiinent.
datOtp7httehre v on°
olf7tthheullta.t„eatmSrts..LEedognaarr.d's-on-the-Seat gad '
root'.
On the 26th tilt . at St. Alban's. Mr. Jahn Cozad' st,edge'
ChOern
tstehse,2sOutlrirenylt,ll:,:ea(di eBs2. Summers, Esq., of Fatt-gr°v
of
0n tli(! 28th tilt:Elizabeth, wife of Adam Delllll4' sci'
rsdroline
Marsh-hill, Homertoa, Middlesex
GeOernoinhae
do
eot3lii
onulttna.,oraetnelyV,ilton:place,' the HO n.. "I'l2.ote6s
iroco
Frankfort. the gee•
the daughter or
On the 30th ult., at Stour Provost, Dorsetr:shire, ~--„dbere•
Henry James Slingsby, Rector of Stour Prowl .it cure .1."

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Louden: Printed and Published Ay MUlti)o 1.;
No. 112, Strand, Printer, at The Suit 00060,0 "'
Strand, is the Precinct of the Sivnfri in the
Middlesex, Friday, May a, 1544.

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