The Sun.
London, England, 1842-07-23 00:00:00

EXCHEQUER-BILLS PRE PA-
RATION.

A Bill under this title has just been brought into the House
of Commons by the Chancellor of the Exchequer, " for further
regulating the preparation and issue of Exchequer-bills."
The fit st clause of this Bill vests the appointment of the As-
sistant-Controller of the Exchequer in the hands of three or
more of the Commissioners of her Majesty's Treasury, and
enacts that the Assistant-Controller shall not be capable of
holding his office at the same time, or together with, aoy other
office under the Crown, or under any officer appointed by the
Crown. The appointment of the chief and subordinate clerks
is likewise vested in three Commissioners of the Treasury.
1 he third clause repeals that portion of the Act 48th George
111., cap. 1, which enacts that all payments of principal sums
or interest, &c., to be made on account of Excftequer-bill. by
the Payivaster, Controller. or other officer shall he made at „an
office to be kept in or near the receipt of the Exchequer at
Westminster. -

The fourth clause renders it imperative for all future Ex-
chequer-bills to be signed by the, Controller or the Assistant-
Controller in his own name. _ _

The fifth clause enacts that, for a space of three calendar
months next after any vacancy of the office of Controller-
General shall have occurred, it shall be lawful for the Assistant-
Controller to sign Exchequer-bills in his o'cn name as Assis-
tant• Controller, and to do all other things which belong to the
office of Assistant-Controller, as fully as if the office of Con-
troller-General were not vacant.
The sixth clause enacts that two counterfoils shall be made
to every Exchequer-bill issued atter the passing of this Act,
one of them to remain in the custody ot the Controller-General,
and not to be delivered for the use er in'o the custody of any
Paymaster of Exchequer-bils, unless by special direction of the
Commissioners of her Majesty's Treasury.
The seven'h clause provides for the manufacture of paper,
instruments, and machinery for the making of Exchequer-hills,
by the Commissioners of Excise, or such persons as the Com-
missioners of her Majesty's Treasury shall direct.
The eighth and ninth clauses contain provisions relative to
the contracts for such paper, &c.
The tenth clause enacts that all p-rsons who shall manufac-
ture or use paper, plates, or dies, similar to those tped for
Exchequer-bills, &c., shill be guilty of felony ; and the eleventh
enacts that persons having unlawful po•session of any paper
manufactured for the purpose of being used as Exchequer-
hills, before such paper shall have been duly stamped signed,
and issued, for public use, shall for every offence be guilty ot a
mi-demeanour, and shall be liable to imprisonment for any
period not exceeding six calendar months.

LAUNCH OF 'THE QU::EN AT BLACKWALL.—The
launch of .he 'slueen East Jiirliaman was announced to take
pbsee on Thursday from the dockyard a' Blackwell, arid at an
early hour many naval officers of high rank assembled to wit-
ness it., while the craft in the riv.•r weave &mist covered with
spectators. Nearly every vessel within a considerable distance
of the dock was adorned with flags. The hand of the 73d He-
giorent. from Woolwich, was the ground, awn iwrformed in
admirable mater several of he most f ,rourite pieces r.f mu•IC
of the day. At one o'cl''ck the Iron. Abs. Stopt rl, rl ughter
of Admit al Sir Ho .ert St word, in the usual manner named
the vessel the " Queen," after which the bolts were removed,
and the noble ship plunged gracefully into the Thames. There
were at the time she entered the water upwards of 500 persons
upon the decks. The vessel is 195 feet 5 inches in length,
39 feet 9 inches in width, and between decks, of which there
are three, 6 feet 11 inches. She is pierce& for 54 guts, and is
built in such a manner that a very short time would suffi,* to
convert her from a merchantman into a man-of-war. not omit-
ting accommodation for troops, &c. The most distinguished
vis.tors were enterained by the builders. Messrs. Wigram and
Green, with a sumptuous &fewer, after which the whole of the
ewalhul oepft3tal. ' •