The Sun.
London, England, 1844-06-29 00:00:00

average of the last four years, instead of limiting it to
the last three months.
Sir R. PEEL said it was impossible to take the are
rage so as to suit every case. The period taken "Ms
that which involved the least risk of disturbing any le"
terest. The longer the period over which they extended
the average, the more numerous would be the cases that
Would require special clauses. The country banks oteo6
to set the diminution of competition, he was procuring
for them, against the restriction he was imposing wth
respect to the average.
Mr. P. M. STEWART read the clause which is t°
prevent banks of. six partners from issuing notes after
the number of partners shall exceed six, and moved as
an amendment to the end of theclause, "provided always
that it shall be lawful forany banking company to trans'
fer its business to any other banking cotnpany, wh°
shall thereupon be entitled to add the circulation of such
bank to the previous amount of its own circulation."
Sir R. PEEL said it was the intention of the Govern'
ment to respect exiting interests, and to protect estab'
lishments in the privileges they enjoyed; but it was err;
tainly not their intention to permit them to hawk ahld
those privileges in the market. He knew that he cool
not prevent the addition of partners in private ban'csi
up to the number of six, and he had therefore not tree
to do so; but he wished private banks abd country
banks to adhere to their respective characters. The 110 P•
Gentleman proposed—it was as well to use 1313 m,
language—to allow the joint-stock banks to buy tIP
privilege of iseue from the private banke, and to add i,,
t a
their own circulation. But several joint-stock bank' 118,
an immense number of branches, with expens Inea; ive
chinery, which were carried on not with advent:lo °
from a desire to monopolise the business of several
~.dist-
ricts. He had no objection to see new joint-stock boll':
established under better regulations, which should 074
on their circulation in Bank of England notes. Butw,
must refuse to adopt the suggestion of the Hon. Meer'.'
and he hoped the country bankers would stand by Pi•
in resisting this attempt to swallow up their business. e
Mr. DARBY said the country banks took the OW
view of the subject as the Right lion. Baronet. sloe,
Mr. HAWES said that the object of the Right
Gentleman was to bring Bank of England notes into .:,e
culation, and ultimately to have one bank of issue. I`,t
did not think that was a desirable thing. He thong
they were doing great injustice in under-estimating t"
stability and utility of country banks.
ereat
Mr. DARBY thought that the Bill would give te,he
security to country banks, and he believed that will
op:nion of the country bankers'themselves. He di" nee
see why the Bill should put au end to the circulation
country banks unless they found it rather for their f/u
•
vantage to circulate Bank of England paper.
Mr. WILLIAMS thought the great value of the meesill
was, that a greater amount of gold would be circulate
than at present, and that the paper circulation would ,
diminished, the unsteadiness thereby created would F'
lessened. The Right Hon. Gentleman was supported
.e
the country and the House in regard to this tneasu'et
and the fewer concessions he made the better.
Mr. M. PHILIPS thought the tendency of this rn.eo43'
sure was decidedly good. He considered the Conchs',lo
to which the Hon. Member for Lambeth jumped, tP„O
there was to be ultimately one bank of issue, was
hasty. ela
Mr. P. M. STEWART said that he hoped they w°. ee
never approach nearer to one bank of issue than
would under the present Bill, which he wished welt of
though he thought it was dangerous. Ile won't.'
press his amendment to a division.
The amendment was then withdrawn, and the e14115.e
was agreed to.
Clause 12 was agreed to.
Clause 13 was agreed to.
On clause 14 being proposed, od
Mr. P. HOWARD (on behalf of Mr. P. Turner, sae
in his absence) moved, in line 1 of clause 14, to expoood
the words " Provided always," and to insert at the
of line 16 of clause 14:—" Provided always,
special circumstances arising out of such contract or
agreement be explained to such Commissiener:%
Stamps and Taxes by one of the contracting Partis-
such contract or agreement ; and that the said Cana
sioners of Stamps and Taxes shall have power to tsod,
such special circumstances into their consideration ie pt.
justing the average under such contract or agreeTemes
vela
And be it enacted, that with • a view to pre 0.
to the Working classes, that from and after the fP the
ing of this Act, the Governor and Company ue,
Bank of England, at their bank, or branch bank of ibsve,
shall take, as of the value of twenty shillings, all 3° •
reigns, and as of the value of ten shillings, all hallo
reigns tendered to them, which equally balance hi_ bs,.
scales, notwithstanding the same may not turn the of
lance ; and that any loss arising to the said GovernZog
that allr
and Company of the Bank of England from the ti3ed
of such sovereigns or half sovereigns, shall be de""cpoe
from the profit arising to the public from any ineriok
of the issues of the Governor and Company of the wic,
of England, before such profit be paid over to the P", de.
Sir R. PEEL opposed the motion. He shoals'
the
cidedly object to any such power being given t° sed
Commissioners of Stamps and Taxes, as that prop°
in the amendment. a )Ir.
After a few w ords from Colonel SIBTIIORP On A the
W. WILLIAMS, the amendment was withdrawn, an
clause agreed to.
Clause 15 was agree,' to without discussion.
On clause 16, in reply to a question from gr.,-
STEWART, t the
Sir R. PEEL said no clause in the Bill, exeePhor
10th, would apply to Scotland ; but he reserved to to
self the right of bringing in a Bill at a future tisee:di
extend the operation of the Bill both to Scotland '—
Ireland.
The clause was then agreed to.
Clauses to 19 inclusive were then agreed to.
On clause 20 being proposed, 1/1
Mr. S. WORTLEY suggested that some restrfli
should be imposed upon the joint-stock banks. rise
Sir R. PEEL said that the object was to enong
fair competition in respect to banking.
The clause was then agreed to.
The remaining clauses of the Bill were then a greed°
as were also the schedules.
Mr. BARNARD proposed that the following,cl3ol:se
er
should be added to the Bill :—" And be it tits
enacted, that it shall be lawful, with the consent f tee
Queen in Council, fur the Governor and Directors
Bank of England, in their banking department, frola;;(1
to time, to withdraw and exchange Bank of Pgder
notes of 51. and upwards for Bank of England notes with'
51., to an amount not exceeding two millions, to best
drawn and re-exchanged within one year from the„
exchange, any law to the contrary notwithstandifig'uni,
Sir R. PEEL objected to the clause, which viss
mate
They l withdrawn. Wl/41r
preamble was then agreed to, and the BI
ll
ported to the House amid much cering. r
Mr. COLLETT wished toknow whether clause 19 o
plied to banks in London ? hf tbe
Sr R. PEEL—Certainly. He did not see w rties
public should not know who were the responsible
Pa
in banks in London as well as the country.
The Education Bill went through !ommittee.
,„ went
The Charitable Loans Societies (reel:nil) 13"`,,a 00
through Committee, and was ordered to be
Monda next. reed
TheProtProtection of Purchasers (Ireland) Bill was
a second time.

ST. MARGARET'S CHURCH.. Corr
On the motion of Sir C. BURRELL a select,. to
mitte was appointed to consider of aid to be afr l, e the
the repairs of St. Margaret's Church, Westnawst er, Lord
Committee to consist of Sir Charles Burrell'uivel
Howard, Lord Seymour, Mr. D'Eyncourt, Lon' "1 and Stuart, Mr. Jervis Mr. Hindley, Earl of Arntioeel
Surrey, Mr. Blackburne, Viscount Mahon, Stsv
Rushbrooke, Mr. William Fielden, Mr. Packs, x"
ford O'Brien, and Colonel Fox. re fur
Sir ROBERT FERGUSON moved for a retnber of
the years 1841, 1842, and -1843, of the nttticpartc,r
persons sentenced to transportation by Courts of i
wlollu,;
Sessions or General Sessions of the Peace in an
date of the Session, name of the person sentencertstioe'
the offence charged, and the term of transPes.sso',
the number of persons left in cus;ody after each triedduring the above period, who were afterwa.--„wed -d
Sessions ; the number of persons who have istriied
take their trial at the Assizes, who have been a
been afterwards tried at the Sessions.
COUNTY COURTS BILL. holier
In answer to a question from Mr. 1-IAIVE!' a 104
it was the intention of Government to tiring hv
Courts Bill, and when ?
Sir J. GRAHAM said it had already' been et_ait,eapawrit
his Right Hon. Friend (Sir R. Peel) in
the evening, that, in the beginning of tile;ll„etoded td°
the ea;tvock•
he would state the course the Government I—iloese -
pursue, as well on the Bills already before the el
with those they contemplated introducing. dour
The House then, ate Quarter to Ten o'clocitt
until Monday next.
SIX POUNDS of TEA, and upwards, sent, carriag,e of A r."
part of the Kingdom, at the Wholesale Price, on rece'll "
tance, or Post-office order.
Black,GreenA B(l.'s°'
2355..84dd„.,3355„. 385d..,4d45.,. 3s. Sd.,
4d 45.,5 4s. 4d., .s. 76.
Coffee, 9d„ Is. Is. 2d., Is 4d., Is. 6d., Is. Bd., 2,
G. T. MANSELL and CO., Wholesale Whole'aleTea Del""lc, resP`"
LERSI3URY, CHEAPSIDE. "Agencies' will be friva-
parties
4s. s., 6s. 4d.
16:.1 113siacgi;

a the
BIRTHS.
R hOenn
e,thFer
e2n4eteh,
tohfe J 1
audnye
eifnivstraenete,i e slat Cijb. lot
iersauubtorr he° 130 IP"
of Faure pore and fils, of Saint Peray, of a B°ll.
On the 20th inst., Mrs. John Belcher, of a soon.:4he P.
On the 21st inst., at Thorp, Essex, the lady ""
%co?
Hale, of a son. h North
On the 24th inst., at Dolguog Blachrillet v.
Mrs. Edward G. Bartlett, of a daughter.
On the 25th inst., at Norwich, Mrs. Henry
a son.

MARRIED. williara
On the 25th inst., at Upper Clapton, the Rev. west
Tiverton Preedy, of Sheidol.) Warwickshire, to Fon2- es•
daughter of the late Samuel leney, Esq., of Lewes, gunsgenii
On the 27th inst., at All Souls, Place, he late
BRoicyhlaerLdepe,ebEasqiy.: tEostnne Emilia, only daughter of ~ •
prowl'
On the 27th inst., at St. Mary's, Islington Martin -sos,
Esq., of her Majesty's Ordnance-office, Towe'r, to Gel.'
yount:eit daughter of G. Flarkburne, Esq., of Islingt'
. DIED. it ban°
On the 17th of May, at Nassau, New Providence, ...'a t.
Lieutenant T. V. E. Reynolds, 3d West India Ilegirn,enALD.,
On the 22d inst., Mary, the wife of John Aikenheaa' '...-
of Manchester. .., , job°
Ou the 22d inst., Mary Ann &ear wife of the .11.6‘ ' ,
3Biaoorrnnl
eeyyt,,,h
e‘Drie2cr4abrtyhoshfr inst.,es.t Charlton, Somersets h ire. Rector c'''
daughter of the lates.cooa
On the 25th inst., at Little Ham to Trances Ann' 'n't
tHheenrßyev.NVilliamx
j6Sciitive:l,
Woods,l) 11,-,, f Godallni °
Surrey. den, EA.
On the 25th inst.. at Grosvenor-place., John 130 W

yOtPu,2
London: Printed and Published by WIR ° No. ID,-;
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Strand, in the Precinct of the Savoy, in the
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