Star.
London, England, 1808-02-11 00:00:00

CURATES' ELL.

On the Order of the Day for the • second reading
of the Curates' Bill,

Mr. DICKINSON begged to trouble the House
with a few observations, previous to his moving that
this Bill be read a second time. It was a Bill, he
said, to repeal an Act passed last session for suspend-
ing for forty days after the commencement of the pre-•
sent session, an Act passed in the 36th of the King,
relative to clergymen accepting augmented Curacies,
and rendering those who did so liable to forfeit their
benefices. His reason for wishing the Act of last
session to be repealed was, that it was passed through
the House at the close of the session by a kind of sur-
prize, and was merely to suit the case and promote
the interests of one single individual : it was passel
also on the ground of a hardship on that individual,
which arose from► ignorance—a plea that ought not
to be allowed ; for it was against a maxim of the law,
ignorantia legit non excusat ; and Clergymen, of all
others, ought not to be allowed that plea. Mr. Scott
a clergyman, had forfeited his benefice by acceptance
of an augmented curacy ; and Lord Oxford, who
was the patron, had presented Mr. Graham with the
same, who had actually been inducted into the rec-
tory, before this Act of the last session was brought
in to suspend the law on that head. Bills to suspend
laws were but bad precedents at the best ; but this
was a very unfair business, and as such he thought the
Act could not be too soon repealed. He therefore
moved, that the present Bill, which was to effect
that salutary purpose, be then read a second time.
Mr. LOCKHART justified his having brought in
the Act passed last session, on the ground of its tak-
ing in the cases of more than one individual—he knew
of three or four ; and of its giving time to the House
to consider of the statute of 1796. The particular
clause in that Act which related to this acceptance of
an augmented Curacy having been added to the Bill
in its last stage, and the preamble being altered to
make this Bill apply to it—he thought, therefore, the
Act of last Session ought to be suffered to exist to the
end of its limitation.

Mr. LUSHINGTON supported the second read-
ing of the present Bill, on the same grounds as Mr.
Dickinson, of ignorantia legit non exesuat.
Mr. WHITBRE,"*.D opposed the second reading,
on nearly the same grounds as Mr. Lockhart, with
regard to the Act of 1796, and that Lord Oxford
was perfectly apprised of Mr. Scott's having been
presented with the augmented Curacy of Tichley,and
had written to the Lord Chancellor on the subject.—
He denied that the Act of last Session could he said
to be passed by surprize, for the Right Hon. the Cha-
ncellor of the Exchequer had spoken on it in that
House, and the Lord Chancellor had made some ob-
servations on it in the other. He thought Mr. Scott
had been very hardly used ; and his 'case had been
aggravated by bringing in this Bill, against the second
reading of which he should vote. He thought the
Act of last Session ought at least to be permitted to
expire, as it had now so few.days to come to its natu-
ral dissolution.
Dr. LAWRENCE was in Lrour cf the repeal a
the Act of last Session, and, therefore, for the second
reading of the present Bill. He insisted thjt the Act

of last Session pass?d the House by complete surprise,
not to suspend, as had been said, a partial case, but,
on the contrary, a general law. It went to *face the
property of the patrons to benefices, and though in fe
your of the Church, the heads of the Clergy were so
ashamed of it, that they had brought in this Bill tore- ,
peal it, though it had so short a time to live, to sheyr.
their disapprobation of it, and to mark with that an
Act obtained in so great a hurry, and at the end of
the Session. He thought it would be for the honour
of the House to wipe away all memorial that such an
Act should have received its sanction.
Mr. SHE MOAN differed with his Learned
Friend who had just sat down, and particularly 'objec-
ted to that kind of episcopal repartee, which charged
that House with having suffered a Bill to pass by
surprize ; and by way of reprimand and reproach to
that House, had passed a Bill to repeal it, though
there were but a few days before it would die a natu-
ral death. It was neither more nor less than desiring
the House to stultify themselves, and to acknowledge
that they had been taken by surprizc in so important a
matter as passing an Act of Parliament. If that were
the case, however, what were the Bench of Bishops
doing at the time it passed the other House ? were
they taken by surprize too ? The maxim of law had
been resorted to of ignoraxtia lrgi,, &c. but there were
cases in which the House considered ignorance of the
law as excusable, and stepped in to relieve the parties,
such as giving further time for people neglecting. to
qualify, and in the case of the whole Clergy against
qui tam informers Sn an obsolete Act .of •Parliament,
that House passed a sweeping Bill,suspenClitig thelaw,
in their favour. :.This was not a single case : one
Hon. Gentlemari'dillared he anew of three or four of
a similar nature ' • and another Hon. Gentleman had
declared in other place, that if he was inclined to
take advance of the law as it stood under the Act
of 1793, he could vacate upwards of two hundred
livings. He thought it trifling with the feelings of
men to ask for a repeal of a Bill which had but a few
days to run before it would expire, and it should,
therefore, be permitted to die a natural death.
The CHANCELLOR of the EXCHEQUER
said, that as he had been particularly alluded to as
having made observations on the Act brought in and
passed last Session, he wished to say a few words at
present, to shew the reason why he was now of a dif-
ferent opinion on that subject. When the Act of
last Session was first brought in, it was described to
the House that there were many cases in which Cler-
gymen
were alarmed fur their rights, and that if
something was not done before the end of the Session
by suspending the law for a limited time, to give the
House an opportunity of considering the Act of 1796,
much mischief to them might ensue. Instead, how-
ever, of there being many similar cases to that of Mr.
Scott, it turned out that there were but three or four
at the moat ; and instead of Mr. Scott being injured,
it was Mr. Graham who had really been so by the j
-Act of last Session, for he had actually been inducted
into the rectory before that Bill was brought into the I
House. The Right Hon. Gentleman who spoke last
had said, Why not suffer that Act to expire of itself,
and that he did not like the episcopal repartee which
required the House to stultify themselves. Ile thougl4
otherwise ; for the House of 'Lords had done by them-
selves exactly the same as they required of that House,.
and no more. If it appeared to have come in the shape
of a reprimand or reproach to that House, he would
be against the Bill t but he was in favour of it, and
thought the Act of last Session should not be suffered
to expire, for ;hen the House would not do justice to
the rights of Mr. Graham, which had been injured by,
it, and which would also be left in considerable doubt
as to his being reinstated in them. •
The Bill was then read a second time, and ordered
to be committed to-morrow.
AGBEEMENT WITH THE BANK.
Lord HENRY PETTY said, that he observed,.
from the Papers that had been laid before the House,
that the Bank had agreed to grant a loan of three
millions to Government, on condition that the public
accounts should he continued to be kept with the
Bank, in the same way that they had hitherto beeir.
The Chancellor of the Exchequer, in one of his leis:.
ters, seemed to have given his dissent, and in ano-
ther his consent to this proposition. He wished that'
he would now explain this apparent inconsistency.
The CHANCELLOR of the EXCHEQUER re-
plied, that it was understood between hint and the
Bank, that no alteration should take place in the modi
of transacting the business between that corporation
and the public. Though he did not understand him-
self as precluded by the agreement from causing in cer-
tain cases a more direct application of the money
issued from the Exchequer for the public service than
had hitherto been practised.
The House having resolved itself into a Commit-
tee of the whole House, to consider farther of the sup-
ply to be granted to his Majesty, •
The CHANCELLOR of the EXCHEQUER ex-
pressed the high satisfaction which he telt in calling
the attention of the Committee to an agreement that.
he had entered into with the Bank, and which was so
advantageous in all respects, that he presumed the
Committee WO. 'd find no difficulty in approving of!'
it. As the papers containing the terms of this agree,
ment had been printed, and were in the hands of Ho-
nourable Gentlemen, he did not feel it necessary to
go much at length into these arrangements. The
Committee would be aware, that the Committee on
the Public Expenditure, in their second report, had
directed their Inquiries to three distinct points. Ist,
The profit derived by the Bank from the management
of the public debt : 2dly, The balances of publicge
money remaining in the hands of the Bank : and,
!idly, To the state of unclaimed dividends. On the
first of these heads it naturally. suggested itself, that
in consequence of the great increase of the. debt, it
might be managed on terms more advantageous to
the public than when its amount was smaller. This
idea was the basis of a new arrangement 'between
him and the Bank, respecting the allowance to be
made for the management of the debt, of which the
following was the substance :
3401. per million per annum, upon the whole of the Unredeemed
Debt, whenever it may amount to 400 millions, and not exceed
650 millions.
9001. per million per annum, upon the whole amount of any et-"'
CCU of Debt unredeemed above 600 millions ; the said 600 mil--
lions continuing, in such case, to be managed at the Aforesaid
rate of 3401. per million per annum.
4501 per million per annum upon the whole unredeemed Debt,
whenever it may exceed 300 snillions, and not amount to 400
millions.
From these proportions it would be observed, that

the allowance was reduced from 4501. to 3401. from '
whi the public would derives a savinvof about
• a-year. If there were any CCL!'ntlernen who
Might lie of opinion :that a still more advantageons
ent might .hev been made, he requested
)tilaat.3it te en;lwould take into consideration the circum-
stances under which the present had been formed,
and that they would bear in mind the contract exist-
int between the public and the Bank, in virtue of
which 4501. per million was to be paid to the Bank
foi their management. And if they did this, he was
convinced that they would agree with him in think-
ing that it would have been no less unjust than un-
wise, to employ the force of Parliament in breaking
in upon the terms of a positive convention. The new
arrangement had been made With the consent of the
Bank Directors ; and had he, in the face of an exist-
ing contract, arbitrarily imposed terms upon them,
contrary to stipulations forMally entered into, the
country would have lost more by a breach of faith,
than it would have gained by any additional savings
which might have resulted from it. The abatement
was fully as much as, under all the circumstances,
could be expected ; he should therefore abstain
from any farther observations on this head, till he saw
whether or not objections were to be made to this part
of the agreement.
The next article of the agreement was, that the
Bank should advance three millions, as a loan to
Government during the war, without interest, in con-
sideration of the balances of public money which
were constantly m their hands. In the report of the
ColtiMittee, 'average amount of these balances
was stated at 11,104,9191. But the Committee had
introduced into this calculation an item, which he

thought did not properly belong to it, viz. the sum
remaining on account of the Commissioners under the
Convention with the United States of America,

amounting to 475,029 L which rather belonged to
the head of a private custom, than to that of public
balances. Atter making the deduction, the public
balances would be found to amount to somewhat

more than ten millions and a half; but 26 in future

they might be a little diminished, he would calculate
'them at ten millions. The Committee appeared to
have formed a sort of estimate of the advantage
which the public might derive from this source, an
the following passage of their Report : " The autho-
rity of Mr. Pitt, and the consent of the then Governor
of the Bank, established a general principle of parti-
cipation in these profits of the Bank, which arose from
their exclusive privilege, and from the balances of
public money in their hands, and whether the partici-
pation be in the proportion of one fourth, one third,
or one half, it cannot fail to be extremely consider-
able." From this it appeared, that the largest ex-
pectation of the Committee did not go beyond a half
of the profits, and therefore it would not he unfair to ,
take the medium between their lowest and their highest
estimate of a fourth and a half It was necessary too
to bear in mind, that having already lent three mil-
lions to the public, at three per cent. the public was
a gainer of two per cent. upon that sum, or about
60,0001. a-year, which was equivalent to a loan of
1,200,0001. more. It was but fair also to take into
consideration the amount of the average balances in
'the hands of the Bank, at the time when Mr. Pitt
made his last agreement with that body, which were
somewhat about two millions and a half, so that when
these sums were deducted, viz. the balances then ex-
isting, and for which a compensation was already
given, and the 1,100,0001. gained by the public on
the loan of three millions at three per cent. the balan-
ces., for which the public had a fair claim-to compen-
sation now, were reduced to about 7,500,0001. rhe
Bank then had consented now to advance to Govern-'
ment three millions without interest, which was al-;
lowing the public nearly one half of their profits up- I
on these balances, and when the million and a half
that they advanced last year was taken into account,
would be found that the public had mare than a
moiety of the profits, which was surely a fair partici-
pation,
and more than the Committee in their report I
seem to have calculated upon obtaining.
From a misunderstanding which prevailed between
him and the Bank, during the whole course of the ne-
glaciation, he was unable to state to the Committee
-the acquiescence of the Bank to the third proposition,
which he was about to make, at the same time it was
at once so advantageous and reasonable that he had
not a doubt but the Committee would adopt it. IA the
Report of the Committee of Finance the average
amount of unclaimed dividends and lottery prizes had
been stated at 964,4151. out of which 376,7391. had
been already, in the year 1806, advanced to Governs
ment without interest. What he meant to propose
therefore, was, that 500,0001. should now be advanced
from this fund, which would still leave in the hands
of the Bank a sum of 100,0001.—a sum equal to an-
swer any demands which were likely to be made upon
it by persons to whom these dividends were due. To
this measure, however, he had not the consent of the
Bank, nor was it necessary, because the public had
an undoubted right to take the use of their own mo-
ney. Indeed, on reviewing the different branches of ,
the transaction, it was material that Gentlemen should
not run away with an idea which he had seen in
print, that we were now laying violent hands upon
the profits of the Bank, and that the Bank was
lending money to the public out of its savings. On
the contrary, it was material to impress upon the pro-
prietors of Bank Stock, that it was merely advancing
money to the public out of the deposits made by the '
public, and that had this been refused the public
might in future have so employed or regulated the
issues of money from the Exchequer, as to have saved
the interest of money which it was now obliged to
pay. Upon the whole, he conceived the arrange-
! ments to be fair and advantageous to both es,
and he was confident that the' ommittee would have
pleasure in adopting them, as they would materially
diminish the burdens, which it would be necessary to
impose upon the people, to meet the expenses of the
current year. He concluded his statement with mov-
ing, a That there be paid into the Exchequer the sum
of 500,0001. out of the unclaimed dividends and lot-
tery prizes ; provided always, that there remain in
.the hands of the Bank, after the payment of this sum,
::together with the sum, 376,7391. formerly advanced
'from the same sum of 100,0001. for the purpose of
' satisfying the demands of legal claimants."
Mr. BANKES commenced with complimenting
his Right Honourable Friend on the able manner in
which he had given the statement he had made to
the Committee. He had, !griever, one or two ob-
servations to make on the nature of that statement;

and he would begin with oliservinl
last part of what had fallen from hi!
able Friend. He entirely agreed
the present instance, the Bank w:
own money, but that of the Public.
included nearly the 100,0001. whit
the Act of 1771, Ad been left for
unclaimed dividends, but there had ,
ttlaimed• Lottery Prizes to the 'amount
He could not see why those shoult'
tinct, or not be comprehended, as
mer. According to the Report
sioners for auditing Public Accounts
lowance had been made for the
increasing. • The business was at ,
at less than 2001. for every million,
for the 'sum 'of six millions, 3401.
be paid. This, he confessed, he thougln
and even in the bargain that was
the great Statesman then living,
great man in error, and that the
seen that business in a better
part, should have preferred a barg,
was a larger deduction from the
though the loan should be smaller
mer was permanent, and the latter
ther consideration was, that the
hands the entire controul of the coinage,
was as easy for them to coia money
the sum lent to Government, as
amount of what Bank Paper w;
day. His last and most serious
Ihe was inclined to disapprove
drew the. Bank into any connection
At the same time, if asked whether
ewe in the present bargain, or .
ness adrift again, he should be di
it as it at present stood.
Mr. TIERNEY said, that he.
Hon. Gentleman would be disposed
ever observations he felt it his duty
Committee, with the Lame temr
(Mr. T.) should make them. As
the Right Honourable Gentleman
only fault he bad to find was, that
Gentleman had seemed to think
bargain was a matter of gain
could be no objection to the nature
he thought differently, and his
nature of the bargain was, that vc)
the guardians of the Bank, and li;
a restriotion with regard to the
was extremely indelicate (to give
for the public to make any gain I
The Right Hon. Gentleman had
prove that the Bank was only ,
own money, but if this was not
purposes a loan, he did not know
the Bank was not to make too TIII
gain by them ; the Bank had,
public money lying in their hank
money they lend us three mallow
please with, and without interest
of three millions without interest,
the interest of that three millions,
would not be so objectionable,
present plan there is a loan of three
cording to his proposition there
payment of 150,0001. and thus'
principal could pay to us the
in their hands, with this proviso .
take into their own hands the management
without receiving any additional •
He thought it a bad bargain,
have 100,0001. for the management
—He would take upon him to
Banker would refuse to do busines!
100,0001. if there were left 10 '
He contended, that it was trighl;
public should be participators
out. of the restrictions imposed
present plan too of Government
recourse to the Bank for a loan _
ing a proper confidence in the resources
try ; it would be hard to convince - -
there was not some shifting in •
steps were adopted by the Ceirre
notorious how they were censured
Besides, he believed there Dever
a loan could be more readily negotiated
stagnant, and there was a good
hand. The Honourable Gentleman .
to read extracts from the correspondonce
Bank and the Chancellor of the
to prove the reluctance of the Bank .
first proposition of the Right Honourable
and he so far agreed with the "
wonder at its reluctance to put
own reach. Besides, he thought
should be cautious in taking those
til the circumstances of the Banl,
ascertained. For what had been
Bank since the year 1799? They
amongthemselves to the amount
had increased, their dividend
cent; Wcrold the Right Honor
state to the House the circumstanr
was he prepared to say, that this
the taking off the restrictions
much good come of such intercourse.
1795 (great a man as he was'
best in a contest with the Bank.
a sudden panic, would listen
diate repayment ; but now they
advances with the greatest composure.
sion they lent usthree millions, whi(

would cost them three pence.
make a fresh issue of notes to
millions ? or did they mean to
the country, by refusing to di
And here he could not help
that, at the time of the renewal
pany's Charter, it was currentiv
was one million of notes
nary calculation. Re could
should have 100,0001. clear profit
3401. on every million. The -
were notorious, and they were
them out of their own means.
dividends, he thought it a mere
the Bank to -make the show
made.
I Mr. THORNTON denied
make an issue to the amount
merit.

xusxissow entered

mkt
ii6hi:nawiasgsdinthßifilrobtiglthlitrnourne.l6l,7l-,.• dig.ttbil:Matilltietd:64liifiiresultoediewd"obwfr4arlit
as well as the f
)huiicah,beachceolr: • the Bank %rare not °ver
Or the pa and that it would t
„ r expence, if we -took
mount a 1 • into our own Imtds•
t of • the cot: made for the pnblic.
lists in 1786, ajTkai Mr. Bankes),
that
debt as continual-11. tier' otanagement might has
/.
Mr'svri• TthfitheOßbarNTgaoNituitzi
that time arrao.; it not been for the Acts
in, but, at pre.,7 leibo way. But taking the:
I. per million %ea.'s,'" 'Acted the Right Hon. Cr
thought erorhitan7. 'the Exchequer') had rect;-•
then concluded hr. allowed him. Witl
he did think tia; rant, he thought, that th
Commissioner' Ina ter advaritage from they
light. lie, fqr his the interest recommendec
rg:tin in whi,h rho isierice to the Bank would ni
rate of allosralut. roerely lose
this,nterest of th
yr er ; because the fct Bills. All he said, dic
C°lltiligent• Az. parliament to look with
Bank had la Bank Notes in circulation.
.oinage, and dot „ the Commissioners of the Si
,ey to the amount ce convenient to become subset
as to issue drier: th uslance in the Bank would,b
vas cancelled rale He wished it, therefore, to
objection was, that
of
'tmn with Minister,. considered as any infringer
r co
ther he would at • • Mr. HIJSKISSON, in l•
,rniifghcottl
set the whole bcitl;i.• t had been taken to
evert thing tei • tshcreibeC°rlns tiOl
disposed to agrees should not be precluded ft
for reducing the balances.
he hoped the Rigk Mt. D. GIDDY obser
rorasn
used CO receive what. of the. Bank might be enla:
duty to offer to th, capital was still ;
raper with whiolic capital that they did not.
fks to the manner a they must be losers by len
nun's statement, 11,, Lord H. PETTY said,
that the Right H. transaction he hardly the
c that, provided the the House with any obser
to the public, theft pct of the unclaimed divi
re of the bargain. ts. to concur in the view of
vital objection to.rie apposite. The Thmk Di:
while the public were conferences on this subje
had imposed upaiia lefinition 'of an unclaime
e issue of specs; allowed by certain Acts
re it no worse awe) seal definition he should
by such restriction was not claimed in the q
d said a good deals feittace to the rent quart
giving us back ye tut could be taken, ougl
of to all intents aid to the public service, an,
tw what a loan rat; was an ample sum to
nuch by us, nor we to TheHonourable Direct
to • a great amount,: dated an instance of a
ands, and out of that Put he must know, that
lions to do what two Rich instances sho
rest ; now, ii.insteal sod at any' rate it wool
st, we had from thew recourse to the Exchee
ms, the arra:waist the Right lion. Gentl
for according 15the pert of.the arrangemen
hive millions, hilt as, Sea Directors would
re would be ankatama misled with it. -
the Baa Iregist thi Qs anotherltanch of
interest of what lq segenriast of the• Debt,"
too-, that:flag *it fee:though' he thought
tanagement bf the Stith rove economy, yet
l payment for sot agltnu,lnd not etactlY
that the Bank they tertainly had a ri
enlent of ten • • • gdet merely, as bankers
say, that no privtat Irak large, yet the Pull
mess to the amount it fsiarn'their undertakinE
millions in his hanek since if touldnot be n
sly improper, that the witisent a. much larg
in any profits *On to • the Bank.
1 upon the Bank ;Ming lielst to be viewed wi
being obliged to have and therefore
did fiot look likehati Variety of this part
resources of the tom With regard to the
,nee a Frenchman that- the loan of three milli(
n this. When sinuln Gentlemen (Mr. Bani
lac del Consists, it was (Mr. • Tierney), in ex
trod in this country... to the mode which h:
r was a pentad inetial stance. His Right 1-1
negotiated ; trade wo ,his loan would not h
sad deal of money ei illsia for the restriction
tlernan then proceeded ita that, he did not kt
spondonce between is that the House ought
he Exchequer, in aria striction should not b
Bank to accede to de :Wm in this transactic
ionourahle Gentles." mod by its necesssity
Bank, that he did Mt it was clue to the pub
t six millions out ci ,litich should in the 1
night that Parliament might be taken o
hose three millions, us. Omar accepted, wi
tank were more clearly it 'would be attendec
een the conduct of the die public and the B
hey had divided bourn canary to advert to
nut of four millions, and ante there was no d
from sevea to ten per of all consideration
ionourable Gentler:4v the Directors said ls
stances of the Bank sc rive a profit from th
this step would retua :tuned by the Chant
; ? But he never knee at a loss to know oi
tercourse. Mr. Pitt, II agree to advance ti
s), came off but second striction. He soul
ik. Then the .Bank, in °alp taking the pi
Ito nothing but inure- . dtrive.some profit f
key can deal out large flans the Bank, in
anposure. On this occa- their hands. If the
,which he did not believe three millions on ac
ce. Did they mean to be losers but gainer
the amount of the three .—hut he wished to
o injure the commerce of tat if they did not
liscount private bills 'earn from some so:
reminding the House, . easomodation to th
ewal of the Bank Com- Millions than befon
afloat above the csch"
ntly reported that tbtit • Advantages wh
teigthriatnhdePermaßight
l not see why the Beak ma might be raise
profit in addition to the Sao that
elf
to expenses of the Pal s from taking a
Nen well able to deft*/ Mast of the bal
is. As to the unclaimed was very probab
titre trick on the part d that he was glad,
of reluctance they had - brought so far to
A Noble Lord ((
ed that the Bank would subjects, and he 1
it of the loan to Govan- Directors, that th
dividends, but the
red into a long Moe% Was glad the Rig
tetded in convin

ruing first, upon tL.
n his Right Hone*
NI with him, that
was not 'that
lie. tic. There had
which, according to
for the payment of
had been also no.
amount of 13,00 Q.
huld be held as (rm.
as well as the fot.
)rt of -ethe Contolii.
Junks. in 1786, an
le debt as continual',
it that time art-ailed
Lim, but, at /mew%
0,1. per million svas to
e thought exorbitanti
IS then concluded 11
g, he did think that
e Commissioners had
r light. He, for his
argain in which there
le rate of allowanct,
Ilex; because the for.
ur contingent. &ao.
ie Bank had in. their
coinage, and that a
ney to the amount of
as to issue anew the
was cancelled yeeter.
is objection was, that
of every thing that
.ction with Ministers.
...ther he would acqui.
r set the whole b.ist-
dicposed to agree to

he hoped the Right
iosed to receive what.
duty to offer to the
miler with which he
As to the manner of
rtan's statement, die
that the Right Hon.
k that, provided the
to the public, that
re of the bargain. But
vital objection to-the
while the public were
had imposed upon it
ie issue of specie, it

of the profit' of the bargain and the nature of
.n itself. He dwelt upon the great incon-
tote that would result front taking the manage.
tee debt into our own hands, and contended
butthg Bank were not overpaid for that manage-
and that it would be productive of much
Dents
ater expence, if we-took the management if said
into our own hands.
gr. H. THORNTON eepresed himself tolerably
brawith the bargain, that had in this instance
rade for the peblic. He agreed with his Hon.
It:eta (Mr. Bankes), that the rate of allowance
fee management might have been reduced farther,
oak not been for the Acts of Parliament that stood
ay. But taking these into consideration, he
isttbe • H Gentleman (the Chancellor
t ed the Right on.
iibe exchequer') had reduced it nearly as much as
jaw/ allowed him. With regard to the three mil-
roes, be thought, that the public would havb a
;ow-advantage from these than from the allowance
aat the interest recommended by some. The inconve-
slence to the Bank would not be much. They wou
Exchequer
Bills. All this, he said, did not diminish the duty of
parliament to look with jealousy to the amount of
BMA Notes in circulation. It might happen too, that
the Commissioners of the Sinking 17und, might find it
convenient to become subscribers to the loans—and the
balaitce in the Bank would, by this means, be diminished.
He viii it, therefore, to be clearly understood, that
the Commissioners might be at liberty to become cut-
scribers to the loan, if convenient, without its being
considered as•anY infringement of this agreement.
Mr. HUSICISSON, in answer, stated that express
tale bad been taken to provide that Government
should not be precluded from resorting to any means
for reducing the balances.
gr. D. GIDDY observed, that though the issues
of the Bank might be enlarged by the restriction, their
‘2Pltal was still limited ; and unless they had so much
.
capital that they did not know what t. do with it,
they must be losers by lending these three millions.
Lord H. PETTY said, that on two branches of this
transaction he hardly thought it necessary tovtrouble
the House with any observations at all. On the sub.
ject of the unclaimed dividends, he felt much inclined
to concur in the view of the Right Hon. Gentleman
opposite. The Balk Directors in the course of the
conferences on this subject naturally resorted to the
definition of an unclaimed dividend, which had been
allowed by certain Acts of Parliament—yet the natu-
ral definition he should take to be, a dividend that
vas not claimed in the quarter when due, without se-
(entice to the text quarter. Of these dividends all i
flat could be taken, ought undoubtedly to be applied
to the public service, and .€lOO,OOO left in the Bank,
was an ample sum to meet any unexpected demand.
The Honourable Director (Mr. S. Thornton) had
*slid an instance of a sudden demand for £50,000,
lathe must know, that it was hardly possible that
two kith instances should cccnr it the same time,
and at any rate it would be open to the Bank to have
?'course to the Exchequer. He hoped, therefore,
the Right Hon. Gentleman would persevere in this
prt of.the arrangement, and he had no doubt the
leak Directors would on further consideration be
satiated with it.
On another branch of the transaction, " the ma-
levolent of the-Debt," he would also say but little ;
foekiugh he thought that this might be conducted
leitheacee economy, yet as the Bank acted in this as
4tits,lnd not exactly in their ordinary line of duty,
they tertainly had a rig,ht to be paid as agents, and
let merely, as bankers. Though the remuneration
wai large, yet the Public derived a great advantage
from's:heir undertaking the management of the debt,
since it could not be managed in a different manner,
sithout a much larger expence than the compen-
sation to the Bank. He agreed, that the subject
ought to be viewed with a reference to this circuit?.
stance, and therefore he concurred in the general
propriety of this part of the arrangement.
With regard to the third part of the arrangement,
the loan of three millions, he concurred with the Hon.
Gentlemen (Mr. Bankes,) and his-Right Hon. Friend
(Mr. Tierney), in expressing the strongest objection
to the mode which had been resorted to in this in-
stance. His Right Honourable Friend had said, that
this loan would not have been advanced, had it not
been for the restriction. Whether he was right or wrong
in that, he did not know ; but of this he was sure,
that the House ought to take care, that the Bank re-
miction should not be considered in the slightest de-
gree in this transaction. The restriction was only jus-
flied by its necesssity at the time it was imposed, and
it was due to the public, that nothing should be done
!risich should in the least retard the period at which
it might be taken off. If any accommodation was
given or accepted, with a reference to this restriction,
k would be attended with endless mischief, both to
the public and the Bank. He thought it the more nap
mssary to advert to this, because in the correspon-1
'knee there was no direct recognition of the exclusion
daft consideration of the restrictions • and if what ',
the Directors said was correct, that they did not de-
rive a profit from the balances up to the amount as-
sumed by the Chancellor of the Exchequer, he was at
a' a loss to know on what other ground they could
agree to advance this sum, except that of the re-
striction. He could not agree that we were here
'sly taking the public money ; our right was to
itiee some profit from the additional notes issued '1
horn the Bank, in consequence of the balances in
'heir hands. If the Bank should issue an additional
'bite millions on account of this loan, they would not
bt losers but gainers. Perhaps they did not intend it
:let he wished to have some security on the subject.
!Rif they did not issue, they must draw three mil-
lions from some source ; and they must afford less ac-
reranodation to the public in discounting, &c. by 3
trillions than before. He then proceeded to the supe-
*l advantages which would be derived from having a
lelalar and permanent allowance of profits on which a
Ta might be raised in another manner. He objected
also that the Right Hon. Gentleman precluded hiin-
self from taking any farther advantage in case of in-
crease of the balances beyond ten millions, which
was very probable. He concluded by observing,
?sat he was glad, however, that the matter had been
InuOlt so far to an issue favourable to the Public.
A Noble Lord (Grenville) much conversant in these
subjects, and he himself, had often insisted with the
unit tors, that they must have a great profit on these
wvidends, but the Directors would not allow it. He
was glad the Right Hon. Gentleman opposite had suc-
ceeded in convincing them.

ve it no worse name)
nby such restriction,
al said a good deal to
giving us back our
Lot to all intents and
>w what a loan was ;
much by us, nor we to

to 'a great among,:
ands, and out °faint.•
lions to do • what.wet•
!rest ; now, if instead• -
st, we had from them.
ins, the arrangenint
for according irithet
hree maligns, bdt arc:
re would be ,an•atusett.
the Basalt :keeping shi
interest of what lay
too) that:they shneit:
tanagement of the dar'
payment for so de4
that the Bank
ement of ten malice*,
.say, that no' private'
mess to the amount Of:
millions in his hands
ay improper, that the
in any profits arising
l upon the Bank ; the
Lt being obliged to have
L did not look like hay.
resources of the coun,
ince a Frenchman that'
n this. When similar
isse des Comfit:, it was
fired in this country...
r was a period in which
negociated ; trade was
od deal of money on
tlernan then proceeded
spondonce between the
he Exchequer, in order
Bank to accede to the
ionouralale Gentleman,
Bank, that he did not
t six millions out of its
)ught that Parliament
hose three millions, un•
ank were more clearly
een the conduct of the
hey had divided bonuses
nit of four millions, and .
from seven to ten per
ionourable Gentleman •
stances of the Bank, og
this step would retard
? But he never knew
:ercourhe.. Mr. Pitt, 11
s), came off but second
Lk. Then the .Bank, in
L to nothing but inure-
icy can deal out large
mposure. On this occa-
which he did not believe
.e. Did they mean to
the amount of the three
injure the eonunerce of
iscount private bills
reminding the House,
.w al of the Bank Com-
uly reported that the:!
afloat above the ordt•
not see why the Bank
irofit in addition to the
expences of the Bank
rere well able to defraY
s• As to the unclaimed
sere trick on the part of
of reluctance they had

St. John
Besborough
Darnley
King
Holland

d that the Bank would
t of the loan to Govern-

ed into a long &fence,

. , . • '.''' .$
Mr. MANNING, aiter stating that the allaince or.rich, has to feed iAeti or eight gluttonous 'soldier! 1
Made by the Act of 1791, was not more than was few of whom are French ; they chiefly consist of
reasonable for managing the debt, observed, that he ; Italians )3 •
and his colleagues looked with anxiety for the Pe,:, avartans, and Wirtemburghers ; those of
riod when therefor could be. • overt, and no:
alarm need; therefore, be entertained on that account. t Baden were, by Bonaparte's judicious measures, sent
to a different quarter, so as not to Aght against the
Mr. BROGDEN did not think the advance to be 1 relations of their own Sovereign. One third of them
made byte Xl* adequate, but, inadequate as it I are excellent sharpshooters, and the strictest discipline
was, he thought it prudent to accept of it, rather I
than that an between the Government and I
is observed throughout. The Officers, in particular,
the Bank should prevail. I have made themselves beloved,
Mr. BIDDULPH Was of opinion, the agreeMent 1 " The neighbouring parts of Prussia are not yet eVa-',
on the part of the Country was in the highest degree • cuated by the French. You may imagine in what a I
inadequate and improvident. wretched condition the country is. Little or nothing
. Mr. CROCKER and Mr. P. CAREW supported
the measure in every particulars lis said of the misconduct of their Generals. The
Mr. MANNING vindicated the conduct of the French soldiery here are talking pompously of send-
Bank throughout the transaction. I ing a large army to conquer the English East Indies,
After some explanations between Mr. BANKES, and invasion of England is the conversation of the
Mr. PERCEVAL, and Mr. HUSKISSON, the Re-1 superior Officers."
solutions were put and agreed to, and the Report or-
dered to be received to-morrow..

Mr. WHARTON brought up the Report of the Exchequer
Bills Regulation Bill, to which some new clauses were added; and

the Bill ordered to be read a third time to-morrow.
The Committee on the Malt and Pension Duty Bill was post-
poned till to-morrow—and about twidve o'clock the blouse ad,
journed.

IHE ARMY.

TRIAL OF GENERAL WHITELOCKE.
TWELFTH DAY.

MINORM
IN TEE MOUSE OF Low's, ON MONDAY, OW THE MOTION Of TEE
DUKE OF NORFOLK, /f OE THE PRODUCTION Of THE PAM!
RESPECTING THE ATTACK ON DENMARK.
Norfolc Sidmouth Proxies

,
..

Bute
Bedford Shaftsbury
Devon Carnasvon
Argyle Lucan
Stafford Thanes
,
Derby Moira Hereford
Jersey Grenville Dorchester
Cowper Auckland Bulkeley .
Essex Carysfort Ossory
Hardwicke Erskine Lifford
Grey Ellenborough Dundas
Cholmondeley Ponsotsby Foley
Albemarle Lauderdale Spencer of Wolin-
' Fitzwilliam Yarboi au& leighton (Marquis
Spencer Hutchins la of Blandford)
Buckinghamshire Braybrooke

Genial Sir SAMUEL AUCIIMUTY% examination by I
the Court, was finished about half past eleven this
morning, when Colonel MAHON, who commanda
the reserve it Reduction, was called and examined,
and his evidence was proceeding when our express
came away at 12 o'clock.
The creuct still increases, and this morning, at an
early hour, the avenues to the Great Hall at Chelsea,
were filled with company of both sexes.

We are sure that not only the Army, but the
country in general, will be glad to hear that Sir JOHN
STEWART, the hero of Maida, is appointed to the
chief command in Sicily. Wherever he has com-
manded, he has not only supported the honour of his
country in arms, but he has conciliated the inhabitants
by his affability and his attention to their comfort and
welfare.

When we consider that a strong French party
exists in •Palermo, that some of the• branches of the
Royal Family. are said not to be altogether free from
an unnatural prejudice towards the merciless ravagers
of their country, and the savage destroyers of their
independence, we are happy to bestow the tribute of
applause on the appointment of such a man to that
important post. Naples, Calabria, Sicily, Malta,
Alexandria, (we cannot but heave a sigh when we.
recollect the late unaccountable evacuation of Ale-
' andria !) will attest the truth of our description of the
General's character. To sum up all, he was so ob-
noxious to the views of the French in Egypt, in 1802,
that he became the object of the rancarous abuse of
Sebastiani, who was sent by Bonaparte to seduce the
Egyptians from their attachment to the British
Nation.

Yesterday, at two o'clock, his MAJESTY held a
Private Levee, at the Queen's Palace. The following
had the honour of being presented to his MAJESTY :
Sir HENRE Woe nes. HOLMES, on coming to his title, by the
Duke of Portland.
Sir lituav V. DARREL, upon his return from India.
Lord KeITH, upon his marriage.
Mr. BaLour, upon his being appointed a Welch Judge, by the
Lord Chancellor.
General MURRAY, upon his marriage, by Sir James Pulteney.
Major-General Wurritass, upon his being appointee Joint
Muster-Master-General of Ireland, by Mr. Fostrr.
Lieutenant-General VILLETTZS, upon his leaving England for
Jamaica, to be Lieutenant-Governor.
Mr. FOSTER, upon his being a Commissioner of the Treasury.
His MAJESTY held a Privy Council, and gave
audiences to the Cabinet Ministers.
The Prince of WALES visited their Majesties and
the Princesses.
The Dukes of CUMBEHLAND and Susszx, and the
Princess SOPIIIA of GLOUCESTER, dined with her
Majesty.
The Princesses honoured Lady C. FINCH with a
visit, at her apartments in St. James's Palace.

An evening paper of yesterday mentioned a report
of an attempt having been made to assassinate King
JOSEPH, as he was returning to Naples, from his coun-
try residence. The assailants are stated to have fired
into his carriage, and killed 15 of his guards. This
intelligence rests on no authoritry.
Sunday se'nnight, the Ist company of the Belfast
Infantry,.under the command of Capt. George Joy,
very handsomely came forward, and made an offer
of one day's pay, for the relief of the British prisoners
in France.
Captain PARKINSON, who brought the dispatches
relative to the capture of the Danish West, India
Islands, has been appointed to the Ardent.
The Bill introduced by Mr. RosE, for the better re-
gulating the Office of Treasurer of the Navy, enacts,
that the Treasurer of the Navy shall apply to the
Treasury for money under the head of wages, or of
general service only, and that the balances in his
hands shall be specified.
Yesterday the Marquis of TIIOMOND was unfortu-
nately killed in Grosvenor-square. He was riding on
horseback, and as he turned the corner of the square
from the east to the south side, he rode up rather
close to the railing, where the pavement is not so even
as in the middle of the carriage-way. The horse
tumbled, and his Lordship fell upon his head. Being
in his 86th year, he was very infirm, and incapable of
making any exertion towards lessening the force of his
fall ; he bled profusely, and lay upon the ground. i
Lord SYDNEY happened to be at home at the time,
and ordered his porter and some others, to bring the
unfortunate Nobleman into his house. The servants
took him up in an apparent lifeless state ; and, upon
a professional man being sent for, it was found that
his Lordship was actually dead. Just as his Lordship
fell, a cart happened to be coming up ; one of -the ,
wheels run against him, but it is not supposed that
that was the occasion of his death. His Lordsl i?
was Marquis of Thomond and Earl of Inchiquin, in
'lreland, and Baron Thomond, in England. Having
died without issue, the Hon. EDWARD O'BRIEN, his
Lordship's brother, sicceeds to the Marquirate ; but
the English Barony is extinct.

111•14111