The Sun.
London, England, 1811-04-02 00:00:00

COMM.RCIAI, CREDIT RILL.

On the Motion that this Bill be read a third
me,

Lord LAUDERDALE rose to move the amending
clauses of which he had given notice.• His Lord-
ship first moved to omit the clati7.e by which herds.
able beat ri r es were rrquired to be given in Si:ottand
on the advance of Exchequ. r
•
yclause
Lord Btattuttrr observed, that a Sitlair
had been msei tea in the Bill of 1793, and he could
see no t' on for omitting uin the present Bid. '
Lord LAUDERDALE Still contended that it ought
to be Omni( d. After which the question was put
on his Loidibip's Motion, and negAtived without a
division.

Lord LAUDERDALE next moved to omit the clause
which allowed the two B tr:ks of Scotland to give
securities on ti►e adva,co of these Exchequer Bills.
According to, the constitution of those. ilinkQ, they
could not, in his opinion, grant such securities with•
out compromising their own credit. The clause.
iespetting them should therefore, 'he thought, be
`omitted,

Lord BATHURST ObrifrVet!, as before, that a sitri-
lar clan qt was in the Bill of 1793, nod he saw no
reason' for omitting it in the orescot
Ott the titit#tittit being put, this clause was also
I,egatived without a division,
Lortl I.AUDRIIDALK then motecl,two clauses in
refert:nci• to the' clansr in the Bill %x Inch authoriser!
the -Bunk of England to purehast.. them., Commercial
Eseltequet Bitlit . Not only the Bank cat Englatid.
,-oul4 not he allqwerl to takt- in such Bills, but 1
telt it neeett•ary in propose a i hose diretily pro.
Hh tit% the Bank Directors, from rutchasing soch
Bills,

jMrd BATIWKST W; 111 a 1 cc to we %Om harm
cniild It from the 131nk,ptircha,ink these Bills.
'there similar clause in the Bill ilf 1793, a►id
III) had consequences hail been obierted, to fullOw
tro,► it.

LOr! LAUDZIIDALE- observed" that the /Pink was
very-dfierently gmtuated in 1794 foam 'chat it was
press nt. The restrietton on the cash ,paetnents
of the Bank had not then taken place. Besides,
before such' a permiss,iou was granted to the Bank,
their Lordships would do well to consider not only
the present state of the commercial credit, hot ahem
the present state of the cireulation of the country.
!ribose commercial Exchequer Bills were In get two
the bands of the Bank, what must. he the conse-
quence but a Wither increased issue of paper, the
evils of whirli it was but ton obvious were &lily in-
creasing, He should only further' remind their
rdships of the opinion delivered by the most en-
lightened and most.experienced of the Bank DlRTlora in 1797, when the question of the restrietions
in the cash payments of the Bank was under consi-
deration. Those'able men, among
,whum were Mr.
Bosanquet .and always considervd these
teArietiorts as a temporary measure, Mitt that the
cash payments shoeld be resumed as soon as possi-
ble. The clause to, which he objeCted would how-
ever tend to prolong the period of the testtialons,.
and as such he particularly objeeted to it.
litirdl34-rmousT again observed that he enold not
yeti the bad cOns.equences which the Noble Lord
iinagitmed would arise loon or clause in the Bill ;
and, that, by adopting the clatise ureposed try the
Noble Lori, not only would h tic
of remain, but all the advantiges ;proposed by the,
present Bill' wouldobe chine away,.
The converhatien. was next revlvedbetween Louis
Boss, Lauderdale, Rossien, and King, oo'the
,sttb
je;A of the issue of Bank. Notes iu in,the
years 1804, 1805, and 180(3, iitt 111 cooseiluent
tinuivour,thle stale Of ti.e excienige in that 'couniri,
There was nothing new in ihu,pbseratations : we for-
bear to repeat them.
Time question was then put, and the two Amend-
ments moved by Lord Laudealle, both ot whit 'h
were negatived wiihont
Carl Gaosyeott said, that as ht understood seve-
ral Noble. Lordshad express-...d:t heir Wishesthat the
discussion on the Bet,ersionto y Grants Bill shonki
not come on this evening, as rt was ineoovt:Dient
the to attepd, t e !=hould Owl efore propo! e to dis-
charge the present Order of the Day tespe6ting that:
Bill, and to make a similar order upoo his notice to
!novo tor its second reading ou FridaY, on which nay
he wished it to be tind..:rstood that it was nel
his int:eiktion to bring it forward.. The MAO' in
question weis-then , on his Lordship's motion
duirged, and renewed ler Irtiday ), when the holds
.-were ordered to he summoned.
Alter seine time had elapsed,
Imes:Poet:3 (1.401. J Sietinr(l) in pIAT-
Oan,ce of what pissed on a tormer evening, meved
that *a number .Of persons, whose
.names he sP,
ci-
ftrd, be ordered to atteiti the et/11111141rd 01 tliei

. .
, .
.
, ~
Lordships appciipleti to inquire into thta eirctini=
stakes attending the death of Thomas Culver, on
whorn a Coroner's Inquest was held in the Mar-
shalsea Prison in January last," ori Friday next, in
order to give' evidence resneBing the same, &c.
which was ordered accordion.. immediarely se-
veral of the persons named in his Lordship's niolion,
appeared at the bar, and.were sworn with "spec} to
their evidence before the Committee. _ .

•••••.ST ". •
The Keeper of the Morshalsea Prison also at-
tended, and was informed the Lords' Committee
'had adjourned till Friday.
The House then adjourned till to-morrow.l
The I.,,rds' Committees appointed to consider of
a more convenient :and expeditious mode for the
hearing of Appeals, ecc. sat tbr some time this d;ty,
and adjourned their further deliberations till Wed-
nesday.,