The Sun.
London, England, 1845-08-12 00:00:00

sco'rcii BNKING.

It will be seen, from our Parliamentary report, that
the Bill to regulate the Scottish and Irish Joint Stock
Banks has been withdrawn till next session. The Chan-
cellor of the Exchequer has, however, given nutic that
it will be again introduced early next session, and that
all bunks established after this date will be brought
under its operation. This fact cannot be too strongly
impressed upon the public mind, because it is virtually
a prohibition of all new banks. The stock of any bank
established after this date cannot be less than 100,0001.,
nor its shares less than 1001. each. The whole stock
must be subscribed fur, the contract of co-partnery
signed by all the partners, and the half of the whole stock
paid, before the business can be begun. No new bank can
therefore hold any reserved stock, and thus no profit
can be made by it on its shares- It cannot repay any
part of its stock, without the permission of the Privy
Council for Trade and Plantations—it cannot purchase
any of its shares, and it cannot make any advances to a
shareholder on the security of his shares. Its assets and
liabilities must be published once a month. With these
very stringent provisions, the prohibition against
issuing- notes, and the aetive and energetic, though
withal honourable, competition of existing banks with
the right to issue, with what prospects of success
can any bank be established hereafter? We do
not know what may be the intention of the govern
went in tilt it tainperings with the currency
of the country. To us they are inexplicable. The po-
pulation of the empire is daily increasing, its means of
subsistence is increasing, the trade and commerce of the
empire is increasing—everything is moving onwards
with the strides of a giant, yet the currency of the
country must stand still, nay, must be diminished.
Connected with this subject, there is one point in
particular to which we would beg to direct public atten-
tion. If the Bill we have now been speaking of be really
introduced next session of Parliament, can the companies
called Exchange Companies, and Investment Companies,
be brought under its operation ? The solution of this
question will depend upon another—whether these
companies are Banking Companies ? The parties im-
mediately interested should look to this in time, so that
they may not be taken by surprise when the Bill is
passed into law.—Scotch Reformers' Gazette.

ACCIDENT TO HER MAJESTY'S CROWN.—On the
occasion of the ceremonial proceedings in the House of Lords,
to open, prorogue, or dissolve the Parliament, her Majesty
wears a tiara of diamonds, and is attended by an officer of
state with the crown on a cushion. Every visitor of the jewel-
house in the Tower is aware of the novel arrangements and
beauty of such crown, it having been, to a considerable extent,
re-constructed for her Majesty. That crown, on Saturday,
was borne on a rich cushion, from the robing-room to the throne
in the House of Lords, by the Duke of Argyll. His Grace is
an elderly gentleman, and frequently evinced his anxiety re-
garding his forthcoming duty by perambulating the Royal gal-
lery slung which her Majesty had to pass to the robing-room ( the
Lords' library), whence the Queen proceeded into the House.
His Grace duly appeared in the procession. Her Majesty
having delivered the prorogation speech, preparations were
made for her quitting the House. The Duke of Argyll had
to bear the crown from the presence of the Queen, it still re-
maining on the ca.hion ; but, as the flooring of the throne-
chair is raised above that of the House, he had to descend two
steps. Receding from the Queen's presence without turtling,
his Grace appeared to have forgotten that there were two
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fall several diamonus were knocked out. The consternation
occasioned among the state officers and others about the thron
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treat readiness and calmness desired that the Duke would not
concern himself on aacount of the accident, and
hoped that his Grace was uninjured. As soon as search
could be made, it was instituted; and the belief was, that all
the diamonds that had been knocked off in the fall were secured.
As soon as the Queen quitted the throne the housekeeper ap-
peared in front of it, thus taking charge of the position,
and civilly preventing other parties from too nearly ap-
proaching it.. Officials connected with the House were also
placed within its immediate vicinity, further to guard against
any improper searchings for diamonds, &c. that might be
lost. The Queen having quitted the House, the event be-
came the subject of still more earnest conversation. The
Duke of Wellington remained in the long, or Royal gallery,
by which the Queen had passed from the House of Lords,
for some time explaining to various Peeresses as they passed
the untoward event, and the consoling address of her Illajesty
to the Duke of Argyll. The Earl of Shaftesbury, Sir A.
Clifford (Black Rod), &c., were quite as much engaged in the
body of the House in explaining the circumstances.
MR. C. BULLER AT LISKEARD.—On Wednesday
evening last Mr. Charles Buller met his constituents at Lis-
keard, for the purpose of addressing them, as is his annual
custom, on the political topics of the session, and on the course
that he had taken with regard to them. The Hon. Gentle-
man's appearance was very sudden, so that not more than twelve
hours' public notice was given of his intention. Notwithstanding
the shortness of the announcement the Guildhall was crowded
to excess, and the greatest unanimity prevailed throughout
the evening. Th.,. Learned Gentleman's address gave the
highest satisfaction, particularly his explanation of the reasons
for his vote in favour of the Maynooth education grant, on
which it was known that he differed in opinion from a number
of his oonstituents.