The Sun.
London, England, 1845-04-26 00:00:00

TUE SUM, LONIS-0,14T, SATTYRD.AY
_MOR:WINC}

tercuine the average of that period of four weeks. If
the average of the four weeks did not exceed the sanount
of the permitted isstp, in that case no restraint whatever
would be imposed on the bank. But if the issue for the
four weeks exceed the permitted amount, in that case the
excess, whatever it may be, shall be issued in specie.
Provided the issue of the banks was kept within the
average of the last fourteen months, no inquiry would
be made; but if they should be in excess, it would be
required that that excess should be founded on sufficient
security. They were to return the amount of specie
held by them, and the Government was to possess
the power of inquiry. They would require from each
bank a return of the amount of the weekly issues,
and also a return of each description of issue,
distinguishing between the 51. notes and all those
above 5/. ; and also a return of the amount of gold
held by each; but that, of course, would be a confidential
communication to the Government. The Government
would also require the fullest information in reference
to the position of all the partners of those banks, just
as they did nt present in this country. Of course, the
return of the amount of gold held by each bank would
be a confidential communication for the use of the
Government alone, and no use whatever would be
made of it. But in case any bank should
issue beyond their limit, it would then be necessary
to publish a statement to the effect that the Irish Bank
had issued beyond the amount of specie which it holds,
without at the same time stating to what amount. They
would publish a statement to the effect that the bank has
exceeded its issue, but would take care that it held gold
to the amount of that excess ; and, of course, the usual
monthly publication would be made from the Stamp •
office. Such was the plan proposed by the
Government. He was not aware that he had
omitted any point on which he ought to have touched,
but if be had he should be happy to answer any ques-
tions which Hon. Members might put to him on the
subject. The Right Hon. Baronet afterwards, in answer
to various questions from different Hon. Members, en-
tered into explanations as to the different details in
the working of his plan, for which we must refer
our readers to the full report of the proceedings
which appears in our Parliamentary Intelligence.
The House was subsequently addressed by Mr. C,
WooD, Mr. BARING, Mr. H UME, and other Hon. Members;
after which the resolution of Sir R. PEEL was agreed to.
The House then went into Committee on the May-
nooth Bill, and a vote of 30,0001. from the Consolidated
Fund was agreed to, Mr. LAW declaring that on the
bringing up of the report of the Committee he should
move that it be received that day six months.

Minister of Finance is authorised to effect the reimbursement
of the Five per Cents. at the rate of 100 f. for each 51. of
rente, or the conversion into Fonr-and-a-Half per Cent. de-
clared not convertible for seven years. Silence on the part
of the stockholders was to be interpreted as acceptance of the
offer thus made. Stockholders were to be allowed twenty
days, for France, to make their demand for reimbursement, a
mouth for Europe or Algeria, and a year for other countries,
dating from the day on which the ordinance should be issued
fixing the conditions of the present Bill.
The alteration was a guarantee of ten in place of seven
years against the reduction of that stock when converted into
the Four -and-a-Half per Cents. The second clause was
under discussion at the hour of post. The report of the
Committee on supplementary and extraordinary credits for
the year 1844,45 has been completed, and was to be laid
before the Chamber on Wednesday. ' The revenue, it states,
was expected to yield in that year a surplus of 24,947,836 f,
but had yielded nearly twice as much-42,000,000f. ;
yet, owing to extraordinary credits upon the treasury, there
had been a deficit of 24,123,500 f. The Committee are
strongly opposed to such a ruinous system, and state that
"such a result is calculated to make the Chamber most seri-
ously reflect. It; in a year in which general prosperity has
yielded a surplus revenue of 42,000,0001. more than the
budget had reckoned, we close the same year with a deficit
of more than 24,000,0001., what would the situation of our
finances be if unfortunate circumstances were to diminish or
stop up several sources of our revenue at the same time that
they aggravated the charges that weigh on our coun-
try? If, from the interior of France, we turn our eyes
to the great powers of Europe, we find that they are
restoring an equilibrium between their receipts and their
expenses; that they are reducing their debts, and effecting
savings, as if, in anticipation of events that may compel
them to bring into play their whole strength, they were re-
serving resources for the future, and providing for all con-
tingencies. Thus it is that at the moment we are about to
close the financial year of 1843 with a defalcation of
39,826,728 francs, England is closing that year with a sur-
plus of receipts of 36,118,706 francs."
Among other items in this financial document are 44,0001.
as compensation to the owners of two British ships which
had been expelled unjustly by the French authorities from
the Bay of Portendick, and prevented frem taking a cargo of
gum which was ready for loading. Notes had been ex-
changed on the subject between the Cabinets of London and
Paris, and Commissioners appointed, without coming to any
decision, when the question was referred to the arbitration of
the King of PRUSSIA, who awarded this sum, including
interest. The demands of the British Government were
stated at 1,903,608 f. There is also a sum of 55,000 f.
as compensation to British agents who were compelled to quit
f Morocco when the French fleet bombarded the coast. These
grants are expected to excite some angry speeches from the

Opposition.
The following are additional extracts from the papers :
" In the sitting of the Swiss Diet of the 19th. it was decided

The other orders of the day were then disposed of
and the House adjourned at Nine o'Clock.

after some discussion, that the Jesuit question should be adjourned
to the next ordinary session in the month of July. The deputy of
Lucerne then demanded that the Diet should at once cashier the
officers of the federal army who had formed part of the free
corps. To this it was replied, that 113 was going somewhat
too fast for the slow machinery of the federative system. A
smart exchange of recriminatory language took place between the
deputy of Lucerne and M. Briatte, the deputy of Vaud. The latter
terminated the sitting by a strong declaration against the appre-
ciation of the late political cornmotions in the canton of Vaud
made by M. Guizot in his second dispatch of March 25. This de-
claration was inserted in the minutes,' and produced a marked sen.
sation in the assembly and the diplomatic corps."
" The Semaphore of Marseilles contains a letter from Damietta,
which gives an account of the termination of the affair in which
an unfortunate Copt wag killed by the populace after most shaman'
ill-treatment, and the French Consul's house was injured by the
mob. On the formal complaint of this gentleman the Governor
of Damietta, Aly Bey, has been condemned to degradation, to an
imprisonelens of six years in the fort of Aboukir, and to pay an
indemnity to the Copt's family. The ulemas of Damietta have
been also punished in the person of their chief, Haly Ilafagy,
who is exiled to Tantah. Kalil Bey has been made Governor in
Aly Bey's place."
The Three per Cents. closed on the Paris Bourse on the
23d instant at 851. IS5c. ; the Five per Cents. at 118 E tiOc. ;
Orleans Shares, 1,2201. ; Rouen, 1,105 f. ; Vierzon, 8591. ;
Havre, 9221. 50c. ; Avignon, 1,030 E ; Basle, 295 f. ; Spanish
Actives, 401 ; Ditto, Three per Cents., 42 ; Ditto, Passives, 7.4.

The division on Mr. WARD'S motion has placed some
Members in a singular position. Sir ROBERT INGLIS
lost a considerable portion of his supporters, or in words
which the Tories delight to use when speaking of Mr.
O'CoNseenn's influence over his colleagues, part of his
tail. Mr. HINDLEY, the most conspicuous for religious
principle in discussing this question, deserted his Tory
leader and voted with Mr.WARD. Others, more consistent,
did not vote at all. Among these were, Mr. T. DUNCOMBE,
Mr. WAKLEY, Mr. ELLICE, jun., Mr. Fox MAULE, &C.
Their conduct was prudent ; but what is to be said of
Mr. lIINDLEe? He votes for a measure, the object of
which is to take a certain sum from funds ap-
plicable to ecclesiastical purposes in Ireland, and
appropriate it for the maintenance of Popery. Had
Mr. WARD'S party been strong enough, the grant to
Maynooth would have remained the same, and the only
difference ss ould have been, that 26,0001. would have been
taken from the Irish Protestant Church in place of the
Consolidated Fund. The religious scruple, therefore,
is thrown overboard, and to this point must all
the objectors of the same class come at last.
To resist the measure on religious grounds is a prin-
ciple which is utterly untenable, and must lead to inex-
tricable confusion ; it would raise a rebellion in Canada,
it might shake the foundations of our empire in India,
and would render our colonies even more hostile to the
Protestant Church than the Roman Catholics of Ireland.
Religion, some men say, will admit of no worldly rea-
sons, and if the party that votes against any favour to
Maynooth resolve to take the consequences, which
might be a rebellion in the sister island, they must op-
pose every grant to Popery, and Hindoeism, and every
religion except the true one, though the desperate re-
solution, if effectual, would destroy the British em-
pire. It is evident the affairs of the world cannot
be carried on with such principles ; and all rational men,
therefore, adapt themselves to circumstances, and sub-
mit even to plans at variance with their religious views,
fur the sake of peace and security. The argument that
no money should be voted to an Established Church of
any description is, we fear, in aristacratic r.ngland,
equally untenable. But that principle, too, has been
often entirely forgotten when the Catholic religion, and
more especially the Catholic religion irs"ind, was
not mixed up with the question. A grant of 10,0001. a
year is paid out of the Consolidated Fut.d to make
up small livings in Scotland to 1501 a year,
though there are ample teinds for that purpose
belonging to the Established Church. The landlords
robbed the Church of a part of the tithes, and some of
the descendants of these very landlords, on religious
principles, voted with Sir ROBERT INGLIS against a
paltry grant to a Church which had been robbed of its
entire inheritance. The union of robbery and religion
exhibits strange phenomena. The Church of England,
too, the wealthiest Church in the world, has
received large subsidies from the State—enough to
provide for the religious instruction of the whole Irish
people—yet that fact is lost sight of, and the wrath of
the voluntaries is reserved for the unfortunate
Irish. Their day of relief, however, is at
hand. Neither Sir ROBERT PEEL nor Sir
JAMES GRAHAM could urge any reason for
refusing them an act of justice, and they are still sup-
ported by that consistent party which suffered so much
for Ireland, and finally carried Catholic Emancipation.
Lord IlowicE on Thursday spoke out as he has always
done, like a statesman and a man of honour. " I have,''
said he, " always regarded the Church of Ireland in the
same light as my Right Hon. Friend the Member for
Edinburgh. I have always regarded the maintenance
of the Irish Church on its present footing as contrary
to every principle of justice and policy. I believe, in
my conscience, the maintenance of that Church has
been the great obstacle to the spread of the Protestant
religion. I am so persuaded of the truth of the
great principles of that religion, that I firmly be-
lieve, if they were given fair play, if they were not
weighed down by the injustice of the system to
which they are united, they must in three centu-
ries have taken root and flourished in the soil
of Ireland as they have done in other countries."
Lord PALMERSTON, though belonging to another school
of politics, was no less explicit. "It is impossible," said
his Lordship, " that the present state of things in Ire-
land, as regards the religious establishments of the two
sections into which the country is divided, can be per-
manent. You have there a population of about eight mil-
lions, very nearly seven millions of whom are of a religion
different from the eighth:million—you have a large Church
Establishment, which is appropriated to the instruc
Lion of only one half of the Protestant minority—by
en annual grant you have contributed to the reli-
gious instruction of the remaining portion of the Pro-
testant minority. Can you then, for a moment, con-
template as permanent a system under which six and
a hell' or seven millions of the poorest of the people
of Ireland receive religious instructions from a
priesthood dependent upon eleemosynary contribu-
tions ; who go from house to house, from farm to farm,
and from cabin to cabin, collecting the wretched pittance
fur their precarious subsistence ?—(Cheers.) What-
ever may be the feelings of a large portion of the House,
and whatever the feelings of a large portion, I admit, of
the people of this country, I maintain that a provision
for the Roman Catholic priesthood is a measure which
Government and the House, at no distant period, will be
compelled, from a sense of justice, to entertain."

The accounts from Madrid are to the 17th inst. On that
day the Chamber of Deputies adopted the war budget.
Senor Montl.t.o had proposed an amendment for the purpose
of placing the provincial regiments, or national militia, in
their former position, and thereby making a saving of
20,000,000 reals, but he withdrew it at the request of the
Minister of War, who said every possible reduction consistent
with public safety had been made in the army. The follow-
ing piece of gossip appears in one of the Opposition papers :
"TOLEDO. APRIL 15.—Yesterday evening tl.e son of the cele-
brated English Minister, Sir Robert Peel, who is an attache to the
British Embassy at Madrid, arrived hither. At the moment that
the said foreigner's carriage passed the post of the Alcantara gate,
the carabineers on duty approached in order to examine it.
Without any other ceremony, Sir Robert Peel's son presented to
the carabineers a pair of double-barrelled pistols. In return for
this delicate attention tne carabineers rushed to their arms,
being anxious to repay the young foreigner in the same coin,
end to make hint understand that, in such m:.tters, Spaniards
are not a sluggish people. This amicable interview might have
been attended with very unpleasant consequences, had it not been
put a stop to by the interposition of the civil employes. The poli-
tical chief, being informed of what was passing, sent for the
Englishman, when the latter said, with the candour which charac-
terises the English, that he did not understand the Spanish lan-
guage, and that he had presented his pistols to the carabineers for
the sole purpose of ascertaining whether a duty must be paid on
them The political ch:ef being convinced by this satisfactory
reply, suffered the ycung foreigner to depart, Oh i if he had been
a Spaniard."

'rite Three per Cents. were done at 35 at GO days; the
Five per Cents. at 25 9-16 at 60 days; the Coupons at 28i
at GO days; and the Debt without interest at 84 at 60 days.

The French Chamber of Deputies on Wednesday adopted,
with a slight alteration, the first clause of the Bill for rc••
ducing the Fire-per-Cent Stock, which is as follows:—the