The Sun.
London, England, 1845-04-25 00:00:00

IRELAND.

Mr. GROGAN moved the second reading of the Agricul-
tural and Commercial Bank of Ireland Bill.
Mr. WATSON opposed the second reading. He said
that, in 184'0, the bank stopped payment. The managers then
applied to Parliament for a Bill to enable them to wind up their
affairs. They had taken no satisfactory steps to carry out the
object, and he did not think they had any claims to come be-
fore Parliament now. He concluded by moving that the
Bill be read a second time that day six months.
The SOLICITOR-GENERAL suppported the second
reading of the Bill. The object of the Bill was to enable the
Committee of Management to call upon individual share-
holders to contribute equitably to the liquidation of outstand-
ing liabilities of the concern. His Hon. and Learned Friend
said that he objected to this because it was a partial measure,
and that a general Bill far Ireland should be introduced on the
subject. He (the Solicitor-General) admitted the validity of
this argument, but as he did not understand that any inten-
tion existed to introduce such a general measure he sup-
ported the present Bill. The question before the House was
whether the present measure was in itself desirable and just.
He thought it was, and therefore he supported it. He put it
to his honourable and Learned Friend whether, under the cir-
cumstances, he was not prepared to let the Bill go into Com-
mittee, and if any person could then make out a case against it,
an opportunity would be afforded to such persons for so doing.
Mr. BARRY BALDWIN objected to the second reading
of the Bill, which, if it were passed, would afford to unprin-
cipled persons an opportunity of ruining innocent parties.
Strangers were then ordered to withdraw, and the House
divided, when there appeared—
For the second reading of the Bill ......... £9
Against it
Majority in favour of the second reading 11
GOOLE AND DONCASTER RAILWAY.
Mr. B. DENISON said that, on the 21st of April a pe-
tition had been presented by the Hon. Member for Berwick,
against the Goole and Doncaster Railway. That Hon. Mem-
ber was ill, and, in his absence, he moved that the petition be
referred to the Committee of Selection on Standing Orders.
—Agreed to.
The HON. Gewriagatax then presented several petitions in
favour of the London and York Railway.
Sir J. TROLLOPE and another Hon. Member presented
petitions in favour of the Lincoln and Cambridge Railway.
Mr. BLEWITT presented a petition against the South-
ampton and Dorchester Railway. _
On the motion of Mr. COLLETT, the Wexford and
Carlow Bill was read a second time.
FOULMIRE ENCLOSURE.
The Foulmiro Enclosure Bill was read a third time and
passed.
CAMBRIDGE AND LINCOLN RAILWAY.
a petition from the Vice-Chancellor and' Senate of the Univer-
sity of Cambridge in favour of the Cambridge and Lincoln Rail-
way Bill. presented
The CHANCELLOR of the EXCHEQUER

Mr. MUNTZ gave
NOTICES OF MOTION.
Bill for regulating the practice of physic and surgery he
should move the insertion of a clause making it imperative on
all practitioners to writr their prescriptions in plain] English -
( A laugh)—and all druggists and apotheearie3 abel their
bottles, &c., in plain English—
notice that in the Committee on the
(RenOwed laughter)—
after the Ist of January, 184E3
Mr. Sergeant MURPHY. gave notice that on Thursday,
the Ist of May next, he should move that the House do resolve
QUER, it was ordered that the House,
sidcration the subject of ministers' money in Ireland.
ADJOURNMENT OF THE HoUSE.
to take into con-
On the motion of the CHANCELLOR of the EXC.IIE-
to Monday next.
IRISH AND SCOTCH BANKING.
Sir IL PEEL moved that the order of the day tie read for
at its rising, do adjourn
the House resolving itself into Committee of the whole House,
on the subject of Irish and Scotch Banking.

On the order of the day being read,
Sir ROBERT PEEL said, Sir, I am about to propose the
temporary postponement of the further stages ofo the
discussion of a measure which "s
":"ner
consideration of
which can boast
the consideration of the House for
"T'etrd a nights
great pastdeal
anal during which time it had
excited
ot
hf 0
l!interest—inouse th
e proorpdoesraltoof bring under :bee,
of the pessession of no matter of interest, from its connexion
with such measures as lent an interest to the other measure
to which I have alluded. My present proposition is one
which ' can only be decided by the weight and
authority of the arguments which may be brought
to bear in favour of it. It is upon one ac-
count, and upon one account only, that I would presume
to make this interposition—and that is, the occasion of
at I would not have
the other debate, which I have mentioned, hav-
sa
ing occupied the attention of the House for so many
nights to the total displacement of other
tbhuesineassttepnotsisoenssinogf
equal importance, and, therefore, if it shuuld be supposed that
I may nut be able to do justice to this measure during
ttplhireee a u
mHs heodoorstet
,0 iiilearvielowdg broughtl t shall
to
y t
it occupy
on now but that I see so
many of the Hon. Members the representatives of Scotland in
the Housc.—( Hear, hear.) But I do hope the House will
bear in mind the position in which we have been placed
for several nights past_( Hear, hear)—and if my explanation
of this measure should be deemed to be less rerfect than it
ought, I trust at least the House will hear me with for-
bearance—( Hear, hear)—and allow me to refer shortly to the
different clauses of the measure which I propose to
submit to their consideration.—( Hear, hear.) . The House
will bear in mind that in the last session
of Parliament, the subject of banking. in this country occupied
its attention for a considerable period. That measures of great
importance were then adopted with reference to the
circulation of the notes of the Bank of England,
and of the different joint-stock banks, and country
banks in this part of the United Kingdom, and that the
House will allow me to refer slightly to the different enact-
ments which, under the sanction of the Legislature, were passed
in order to regulate the circulation of the Bank of England and
other banks. With regard to the Bank of England,
permission was given to that est oblishment to
p
issue paper to the eatent of 14,000,600/. The
bank was permitted to issue pfromissor.y notes on fourteen
millions, but with respect to the
public being entitled to de-
mand notes in exchange for specie, or coin in exchange
for notes, and the free circulation of the Bank of
England being determined by the free action of the public de-
manding either notes or gold as they might require. With
respect to the issue of the other
banking establishments provi-
sion had been made at the same time, that in respect to every
private bank of issue, or joint-stack bank of issue,
the average amount of the circulation of each was taken for
tho twelve weeks preceding the 2/ th April, 1844, and these
banks were required to confine their future issue of their
own paper within that limit. No proposition had
been made that the increase of promissory not es
should be extended beyond the prescribed limits—the
issue should be Bank of England paper, that Bank
of England being founded upon gold. I apprehend that the
House sanctioned this measure upon the following assumption—
that the standard of value in this country is a certain quantity
of gold defined both in point of weight and in point of fineness.
That a promissory note undertaking to pay so much