The Sun.
London, England, 1826-02-24 00:00:00

RETURNS.

Mr. T TERNEY, from the Tax Office, presented an Account
of the Salaries of the Receiver-General of the Taxes is 1825._
Laid on the table.
Mr. BEST, from the Bank of England, presented a copy of
the Correspondence between the Government and the Bank,
relative to the purchase of Government Securities, since 1792 ;
and a return of the amount of Bank Notes in circulation on the
llith of February, 1826.--Laid on the table.

...eBANK CHARTER BILL.
The Earl of LIVERPOOL moved the Order of the Day
for going
.pro furma into Committee on the' Bank Charter
11111.
The Earl ofSitarrEsEttut accordingly took the Chair.
The Amendments proposed on Monday were then added to
the Bill.
The Earl of LIVERPOOL said, the report of the Bill was
to be received to-morrow; but, as it could not be printed in
time, he should propose that the Order be discharged and fixed
for Monday.
On the motion of the Noble Earl,it was accordingly dischatg-
cd; fixed for Monday, and the Lords stimmoned.

EXCHEQUER BILLS.
The Earl of LAUDERDALE said, he had moved on a fir-
mer day for Returns of the Correspondence between the Pei.
vernment and the Bank, on the subject
,of ,purchasing Ex.
chequer Bills. The Returns had that day been laid on the
table. The Correspondence was voluminous; and he had not
been able to understand the whole. There was, however, one
letter from the Noble Earl to the Bank which he wished ex-
plained. it was in these terms t—Under all the circumstances
of the preient distresses,Of the city and country, it appears to
Its that it would be an advantage to the public in the present
state of credit, if the Bank was to purchaae 2,1/90,t1f10 of Ex.
chequer Bills. If the Bank will do that, we agree to apply to
Parliament to repay the same. Now it was of importance to
know whether the Batik Was to purchase these Exchequer Bills
until they were at par ? The Noble Earl bad said, on a former
occasion, that he declined Making advances of Exchequer Bills,
en was the case in • the distress of 1799. Be should give no
opinion upon the policy of that determination. Whether, in
the present state of the country it would or would not be an
I
advantage, he could not say. f, in the relief which the Go-
vernment had afforded, the Exchequer Bills were to be taken
only at par, no real relief would be afforded. The Noble Earl
(Liverpool) flattered himself that 2 millions of Exchequer Bills
would be thrown into circulation, and give facilities to trade;
• but under the arrangement made by his Majesty's tiovernment,
little advantage could be derived.
The Earl of LIVERPOOL said, the understanding of the
Government was,.that in case the Bank purchased :3,090,000 of
Exchequer Bills, to' relieve the money market, an application
would. he made to Parliament to repay that sum. The Bank
were to purchase Exchequer Bills until they came to par, and
. then to stop at discretion.
The Earl of LAUI)ERPALE then said, if that was the
tneaning of the letter the arrangement was not to serve the
country, but raise the price of Exchequer Bills.
The Earl of LIVERPOOL observed that he could not enter
Into the question then ; hut he would say, if the Noble Lord
knew all the circumstances under which the country was placed,
his opinion would be diffiaent.—The House then adjourned.