The Sun.
London, England, 1817-07-02 00:00:00

NEW CCIINAGE.

The CHANCELLOR of the-ExcumuEß expressed
his hope, that the House would allow him to make
a- motion, of which lie' bat! given notice for the
preceding night, but the introduction of which
had been suspended by the unhappy accident which
had befallen one of their most honourable and re-
spectable Membrrs, and which he feared would
deprive the House of his services for a consider-
able time.—(Hear, hear !)—The object of his mo-
tion was to fix a period after which the circula-
tion of bank dollars and tokens should be no longer
permitted.• He thought the convenience Of trade,
and of the public at large, had hitherto rendered'it
inexpedient to adopt any proceeding for this prir-
pose, and he had never felt any apprehension that
the new silver currency would be supplanted by a
concurrent circulation of inferior value. Circum-
stances, however, were now changed, and we stood
in a different situation. The time had arrived, in his
opin ion, for putting a it end to an occasional and tem-
porary resource, which had greatly contribmsed,
heyoml all doubt, to the convenience of the pub-
lic ; and the country was mach indebted to the
Bank for such an accommodation at a time when
the regular silver currency was so depreciated.
That currency lead, however, been restored to its
legitimate value ; and the only question now was,
with regard to the period fur limiting the future
circulation of Bank tokens. This period he should
propose to be the 25th Afkuch next, leaving the
Bank still liable to the holders for the nominal
soul at which they were originally issued. He
hould tiotv, therefore, move for leave to bring iu

. • :
a hill for ii:ttiting tiie Per;64 dttrttigwbich the.C;r:
ciliation of the dollars Mill tokens of the Bank of
England shook! e.tntinne
Mr. D. GCLl3Eiit the propoliti,!-1
Math: by his Mien'!, toit thought the
25th of March ;tither toil
~earls a. fieriod. lie
agreed, I hat tht con nenience deiivFdtiV the public
from the use of the tokenS,til.lii.,eti Very great;
but he apprehended that ibe .o.ink had likewise
know their interest in SIIP010)V ibe
Mr. limitNG thought th, re Should be some pe..!
rind at which the responsibility of the Bank Wight
cease. Jr wa3 desiralde also that the Right Hon.
Gentlemen should atiold the ilonse some inforina-
;ion on the suhiect of the intended gold ct.irryncy.
lie denied that the Bd ilk had derived any
from the. circulation of its tokens, bin on the CO
tray/ had been pill to serious inconvenience by the.
necessity-of purchasing huge •piant tiles of silver.
The CHANcELLUR of the EXCHEQUER observed,
in explanation, that he should propose in the Bin
the enactment of a penalty upon the circulation
of dollars and tokens after the period limited,
which he co,ceived would have the effect of pre-
venting them ft-ow being kept back too long by
the holders. Ile agteed that it might be deserv-
ing of consideration to appoint* a tune when the
responsibility of the Bank should cease altogether.
No intention existed at present on the past of Go-
vernment of pitting an cod to the circulatiOn of
guineas of the legal weight ; and with regard to
the new coinage, a proclarmiti4n had been that
day signed, declaring it to be legal tender. when
issued.

The Bill was then ordered to be prepared anti
brought in.

On the motion for bri-nging op the Report of
the Committee of Supply, Mr. WAHRB, Mr, Bait-
ING, and Mr. W. SMITH animadverted on the
omission in the last Report of theCe ConT•
mittee, of all reference to the (Zee and duties of
•
the Junior Lords of the Admiralty.
Atter some further observations from Mr. W.
Srarru, Sir GEORGE WAERENDER.- Sir C. tioPE,
and Mr. CaOKER, the Report was brought up and
the Resolutions agreed to.
The CHANCELLOR of the EXCHEQUER noveti
for leave to bring in a Bill to reduce the number
of Corporals, Sedeants, and Drummers, of the
Militia of Ireland, while disembodied —Leave was
granted, and the Kill was afterwards brought its
and read a first time; and ordered to be read a se-
cond time to-morrow.
The Irish Lunatic Bill wa.§ thought ic and read a first titre-
A Bin to prevent the farther cirtulatiOn of Dullars arrd
Tokens by the Bank of England, atter a limited time, W.
read a-first time, and ordered to be read a second time to-
morrow.

A Bill for rep/lath); the Fisheries on the Coast of Devout
was read a first time, and ordered to be printed.
The Poor Employment Bill passed through a committee,
and the Report was brought up, am/ ordered to be takeu into
farther eonsiderat inn on Thursday next.
The Iteprt of the Coal and Coln) Bill was brought in, anat
the Bill ordered to he read a third time to-natarow.

After sonic ob,errations from Sir J. C. kliwisky bind Ser—
geant Onslow in faronr of a general rcvisiou of th-c. ►arriage
Laws, the [louse went into a Committee on the Balsas of
Mnrriage. Thy Report was brought up, and urdercdSa
be considered this day there weeks.

The consuleration of thy' lie,olutients un Finaiier .tvlS post-
poned till Friday. I!r.-liar ng asked fur more •infot matiors
on the state of the Unfunded Debt, which the Chancellor of
the Exchequer saitl w. stet be found io the Reit)lotions.

REPEAL OF THE LAWS 'MAT REGULATES THE
EiTE OF INTLn

Mr. SerjeP.nt ONSLOW gave notice:, that c3rly next Ses.
sion he should move for leave to bring it) a Bill for the reptal
of the Laws that regillate the Rate of Interest.
The Amendments of the Lords,. extending the provisi.ns
of the Colliery Pay Bill to Ireland and Szotlanci, were rd.
jetted.
The House then adjourned at Ten o'clock.