The Sun.
London, England, 1826-05-06 00:00:00

IMPERIAL, PARLIAMENT.

HOUSE OF LORDS, FRIDAY, MAY 6.
• ROYAL ,ASSENT.
The LORI) CHANCELLOR, the Marquis Of WINCHESTER, and
the Earl of SHAPTSEIWILY, as his Majesty's Commissioners,
brought down the Royal Assent to the Exchequer Bills 8,000,0001.
Bill ; tha ,Asseseeth Taxes Bill ; the Irish Fisheries Bill; the East
India Jurors Bill,; the Bill for Regulating Duties on Pensions;
awl several Pri‘-rate Bills...making in number Eighty-six Bills.

4..•-r CORN. LAWS.
The Earl of MALMESBURY finding that some of the im-
portant Returns tqr which he had moved, had but just been pro-
ditef,d,, and were not printed, expressed his intention of postponing
the motion of which he 113dg-tire!) notice for Monday, to Thursday
next.
Lord tLLENBOROUGIII saw the . postponement of this
,-mo-
tion with. the-deepest regret. Ile had never had so unfavourable
an opinion of any measures as of those lately introduced by his
Majesty's Ministers on the subject of Foreign Corn, and he con-
ceived that with the views which the Noble Earl (Mulmesbury)
himself entertained, he could not have taken a more mischievous
step than the postponement of his motion.
The Earl of LIVERPOOL said, that it was not at his request
the postponement had been made. Whether Monday or Thurs-
day he was- ready to enter into the discussion. All he wished
was, that that the day should be positively known, and that when
once fixed, it should not be altered.
It was then decided that the Order of the Day should be dis-
charged, anti fixed for Thursday' next.
Mr.- BLACKUUUNR anti others from. the Commons, brought up
,several Private Bills which were read a first time.

COAST BLOCKADE.
EarI.DARNLEY saw in the Papers which had been laid on
the table, thlit a greater number of seamen were employed in the
Coast Blottkade service than be had imagined : he contended,
however, that from the nature of that service they finished by
losing their ability as seamen. He then read several letters and
a paragraph. from the Kentish Gazette, to show the inefficieney
of the systeM, and expressed his intention of investigating the sub-
ject more deeply in the ensuing Session.
Viseount 111E1,1qLLE would be prepared for the discussion
Adeneier it might please the:Noble Earl' to bring it on.
Thu Marvim of V.OSDOWN E presented a petition from the
Inlukii,uts of 'ClioiiikCiOss, praying to be beard at their Lord-
ships, iy.Lr,'h4tiiiiiiettie'Charing-eross lmproVement on
the
' BILLS.

Mt. lITIOGDEN, and others' frem the Com Mons, brought up
-the 'Bill for regulating Bounties on Fish in Ireland; the Bill
for'providing County flails and other accommodations for Judges
throughout England and Wales ; the Bill to amend the present
Custom Laws; and several private Bills, which were read a first
time..

- -
Mr. en,Virdrit, front the Treasury, brought up an account of
the average 'price of wheat in each yel r, from 1670 to the present
line.—Laid. On the table,

BANKS.

The Earl of LIVERPOOL, in rising to move that their
.Lordships do agree to the Athendments, made by the Commons in'
the Bill cur restraining the exclusive power of the ,Charter of the
•Benk of Englund, within a distance of sixty miles from the me-
trepolin, would briefly state their nature. They appeared exten-
sive, but were Merely verbal, with the exception of one or two
',which mere of importance. It had been deemed essential, in con-
sequence of a communication with those gentlemen who were
better informed on the subject than it was expected that their
.Lordahina should be, to' introduce a clause giving the Joint Stock
.Banks which might be established in the country the power of ap-
.pointing an agent in London capable of paying their notes, al-
. though it.Weeld not stand on the fActi of the notes that they were
payable in town on demand, This, it was considered, would remove
a great ebeterie to the working oldie measure. The other amend-
ment allowed those banks to stamp their own notes in the
. same manner, and under the sante ,obligations as to returning
the names of partners, &c. ac the Bank' of England. When the
Inc,tiL,as had been be;i>re th,?ir Lordships; inuch had been said of
the estahlislviieni of Branch I;anks by the Bank of England, and
a Noble Marquis opposite (the Marquis of Lansdowne) hadtuoved
elathe„ nhn iFig those, lanks to pay their notes at the places where
issued. That chore still coatituted part of the Rill. lie had
not been ablaut the time :to say what were the intentions of the
Bank of Englaed, with respect. to . the establiahiug of Branch
'Batiks"; but that 'subject had since been submitted to a thorough
'investigation by a Committee of that body, anti ho was authorized
to say, that the principle had been completely adopted, anti that it
.feed been decided to establish Brandi Banks in certain places. The
Bank had not yet determined an to their number, or the places at
which they should be, but it had recognised the principle, and at no
d.:14,1nt period would find means of conveying to the public all the
noCessary, particulars relative to those establishments. It had been
Said originally,' that the present Bill was not likely to be effective.
Ile had alwn been of a different opinion, and all the information
Iced since received from Ireland, where the system had taken
root and la. rd, led hiM to hope and expect that if would do
the same ii rl,ii country. It had already been ascertained by the
'Committee ,opointed to investigate the banking systein, that
'the whok :reulation of Ireland Villl9 now carried on by the
Chartered I;:inic and by Joint Stock Establishments, awl that
there-Were no private banks except two, one at Beifast, and one
''town of Mallow. Were those Joint Stock eats-
*l44omb+ well managed the circulation of Ireland would thus
1;4 ph iced on 'a Substantial footing. Though it' :Weal he most
inapottant that the Crown should recover the power of granting
rilartgs before the expiration of that of the Bank of England,
end though it was probable that the power would be recovered
before the period, yet there was was no reason to despair of Joint
'Stock Banks :wing established immediately in thin country. .He
was 'in feet authorised to state that such banks were now forming,
not by new men who had never been engaged in banking before,
be/t by respectable banking establishments which knew the busi-
n4ss welt, and 'joined and combined together. The present Bill
therefiire, was 'not likely to he a dead letter. It would be effect-
mil: immediately to a certain' ettent, and would lay the foundation of
•a better Systeth. anew groundS Ik6 waled upon their Lordships
to agree to the amendments made by the Commons.
Mrtro9llof LANSDOWNE regarded the amendments not
only tee improveMents to the Bill, hut as illqiiipentiftble to render it
offeetive. The anointment (4. au Agent in Lomion Was mcesiary
for the establishment of Joint Stock Companitat, and he isdkved
that nude Companies wouldbe- fettled in concurrence and com-
petition with the Branches of the Bunk of, England: Use. rose
chiefly to link the Noble Earl opposite, if lie could state the aniount
of the advances made by the Bank to manufacturern and trailers
in consequence, of an arrangement concluded tare months ago, by
which the Bank was empowered tip advance as far an' three mil-
lions. This being a private Concern of that Establishment, could
not he obtained by a motion ; but if the Noble Earl was in pos-
Sili.3ion of the information, he would perhaps have no objection to

state the extent of those issues and of the applications for them.
The Eerl of LIVERPOOL had been authorized to state what
'the general amount of those MStlei Wll4 ; but before he did so he
conceived it his duty to say that the Bank had acted on that oc-
casion in the moat liberal manner. Deputations from the prin-
cipal towns had been tent to expreas their sense of the excellent
arrangements and most satisfactory mode in which that establish-
ment hid allotted the sums applied for in. the. manufacturing die-,
tricti. • Their- Lordships would perhaps be surprised to learn that
the whole amount advanced was under 400,0001. or from
t 01,00,6001. - • • ' '
Tin. Earl of LAUDERDALE was understood to recommend
that Joint Stock Banks in, Ireland should have the privilege of
appointing-an -rigent in Dublin, AX those to be established in this
country would ite allowed to -do in London. : . •
The question was then put, and-the Amendments agreed. to.