Star.
London, England, 1802-12-04 00:00:00

BANKRUPT LAWS.

Lord MOIRA. laid, a report had gone .abroad,
and made fufficient impreffion without doors to
load him with a voluminous correfpondence, that
he had it in his intention to bring in a bill for the
regulation and amendment of the Bankrupt Laws;
he took that public opportunity of declaring that
he never had it in his intention to interfere with
'the fubjed.
NABOB or •scoT.

Lord Mora* rote once more, in conformity to
the notice he had given on rednefday, that he
would this day move for a copy of the inftruc-
tions tent out by the Court of Directors to the
Governor General of Bengal and the Governor of
Madras, refpeaing the depofition of the infant
heir of the late Nabob of Arcot. The caufe which
he had at heart, when he fiat gave notice of bis
intention in the courfe of the Taft feffion was, he
was lorry to fay, now paired by. It had been
with a view to obtain relief for an injured Prince,
but that Prince now was beyond the reach of
redrefs !

Altar We's Atha fever, he Deeps well:
?rearm Iwo done Its woclt : nor fled, nor piton,
Malice &milk., foreign levy, nothing
Could touch him farther!
Fate had In ordered it, that no claim with a view
to relieve him from injury to his perfonal rights,
could now be made a queftion of with any fort of
advantage. He begged leave again to repeat what
he had declared when be gave notice of his inten-
tion to make the Motion, with which he meant to
conclude, that he hat not the lean intention to im:
pute blame to the two Noble Lords who prelided
at Calcutta and Madras; he was aware that the
tranfaaions which had taken place in the Carnatic,
aad which bad challenged the attention of all Eu-
rope, originated with the Court of Direaors, and
were part of a fyftem determined upon, before
either of the Noble Lords, to whom he had juft
alluded, went to India. They therefore had no
&are in the &Ands to which he meant to call the
attention of their Lerdfhips, although he had ob-
ferved in a recent difpatch from the Governor Ge-
neral to the Secret Committee of Diredlors, that
the Governor General congratulates the Dire!tors
on the fuccefs of their enterprife in the Caraatic,
meaning the affair of the depofition of the nomi-
nal heir of the late Nabob, and the (eating ano-
ther Prince on tie Mufnitd. In order, however,
to jutlify himfelf for prcfuming to bring the cub-
jea under their Lordfh ps' attention, Lord Moira
(aid, it was necefrary for him to remind them that
many years fince it was felt that the intereas of
the Etat India Company were fo intimately in-
♦olved with thofe of this country, that Parliament
found it necefrary to interfere, and pals occafional
bills of regulation on leveret important points that
Wetted the concerns of the Company ; but at
kingth, in confequence of the great acquifition of
territory, and the inveßment of Sovereign Power
by the Company. Parliament had difcovered that
an adventitious and occafional interference of the
Legigatnre was not adequate to a due correction
of the growing evils that arofe In confequence of
the eztended authority of the Eaft India Company.
The evil mon dangerous to the public, and likely
to be jwoduaiva of im of, mofehiefsi was uni-
'aerially a itypitory,

with a view to aggrandisement, and the grasifica.
tion of falfe ambition. In order, therefore, to
check and corral this evil, the Board of Controul
was irdlituted, in order to retrain the Court of Di.
reftors from purfuing fuch an unwire object Since
the inftitution of that Board, the inftruaions rela-
tive to the Carnatic, to which he had alluded, hat(
been fent out, and therefore, however wife he
might think the giving to that Board the power
of the Directors, he did not with to make the Board
of Controul tharers in the vices of the Directors.
It became, on thee confiderations, the duty of
their Lordfhips, to have the papers he meant to
move for before them, in order to fee whether the
principal caufe for inilituting the Board of Con-
troul, had not been in the inftance of the Carnatic
wholly departed from, and whether the Court of
Directors had not been permitted to achieve an
acqnifition of territory, contrary to the declared
with and intention of the Legiflature. His Lord-1
(hip took occafion to refer to the main caufe of
complaint againft the French Republic, viz. that
it was the practice of that power to invade and
opprefs all the feeble States about her. This had
been a conftant theme of reprobation in Parlia
ment, and now, in confequence of the condo& of
the Eaft Jnda Company in refpea to the Carnatic,
the opprobrium was retorted upon us, and, it was
pleaded to the whole Continent, that we had fuf-
fired that to be done in India, which we had been
fo loud in complaint about in Europe. Was it
wife, he afked, in us to (hake the public opinion, as
to the necciFary equity of nations, and to take the
lead in violating that principle, which was wifely
and humanely calculated to (hackle the hands of
the powerful, and protect the weak from the en-
croachments of power and ambition ? His Lord-
(hip, after further oblervation, moved for a copy of
all the inftruaions fent out by the Court of Di-
rectors, to the Governor General of India, and the
Governor of Madras.

Lord HOBART faid, he would trouble their
Lordfhips only with a very few words. As the
Noble Lord had prefaced his motion with a full
explanation of his objeft, and a declaration that he
meant not to impute any blame to the Noble Lords
who prefided in Calcutta and Madras, he taw no
rcafon to objea to it; he would, therefore, merely
fay, that whenever the tranfaEtions of the Carna-
tic alluded to, fhould be fully inveftigated, he was
perfuaded that it would be found that the meafure
in quellion was founded in a due fenfe of policy,
and an ample attention to the interefts of the Com-
pany and the country.
Lord GLEN viLLs raid, that from the manner in
which the Noble Lord had opened his motion,
there appeared to him no neceffity to object to it,
he would, therefore, only declare his thorough
crinNietion that the Noble Lord, who had jut fat
down, was perfectly warranted in his opinion—
that when the meafures in queflion came to be
properly underftood, they would be found to have
originated, in what the Noble Lord rightly termed
a due fenfe of policy, and a jult regard to the na-
tional interells.,
The motion was agreed to.
Several cattle: of Appeal were fet down for
hearing on dated days.—Adjourned to Monday.

HOUSE OP COMMONS.
Mr. Dawr prefented a petition from the Debtors ednfined in
the County Gaol of Laneafter, praying relief.—Ordered to Ile
on the Table.
A Petition from Neweaftle-under-Lyne was prefented, and
ordered to be confidered on the day appointed for confidering
a former Petition from the fame place.
Mr. Alderman Come prefented a Petition from the Malt-
Reel of Woreefter, praying for a Repeal of the Malting Mt,
gaffed in the laft Sam of Parliament. Ordered to lie on the
Table.
A Petition was prefented from John Macnamara, Efq. againft
the Return for Radnorflike.—lit was ordered to be taken into
confideration on the 19th of March.
A Petition from Kingfton-upon Hull, from certain Electors,
was prefented againft the Return for that place. and ordered to
be confidered on the gift of March.
Mr. Cotta, brow ht in the New kith Militia Bill, which was
read a firft time. M propofed that it fhould in the n time
be "printed, and read a fecond time on Monday, wlft Mem-
bers would have an opportunity of informing themfelves of its
nature—Agreed to.
The Right Honourable Gentleman took occafion before be
fat d.wn to intimate his intention to introduce a Militia Bill of
a very different nature front that now before the Hour& The
Bill he &add have the honour of propofing would be perfectly
conformable to that which a Right Hon. Friend of his (the
Secretary at War) had introchieed in the courfe of the laft Sef-
flon of Parliament. With the persniffion of the Houle he would
bring in a Bill of this nature, au..au..hoped that it would be al-
lowed to go through a tint and feeond reading. He would then
move that it lhould Rand over till after the Holidays, that the
Gentkm-n of Ireland, felt of whom he now raw in their
places, and more efpecially the Colonels of Militia Regiments,
might have a full and fair opportunity to form an accurate opi-
nion on its obit& and tendency.
Mr. Poona brought up the Minutes of the Ordnance for
Great Britain and Ireland, and at the fame time gave notice,
that it was propofed to vote the Money for the Ordnance De-
partment on Wednefday, which was the day fixed for voting
the Army Minutes.
Mr. Vattstv-rAar ootalned leave to bring in the Annual In-
demnity Bill for Perkins who have negleat.d to take the Qua-
lification, required by Law.
Mr. Jerre ars Paid, that having prefented to tLe Houfe a
few days fince a Petition from the Mahan.. of the Ci y of
Coventry, praying relief trap the penalties of certain claufes
in a Bill. laying great reftriaions on their trade, he wifhcd
to be informed by the Chancellor of the Exchequer, if it was
his intention to fix an early day for the confidt wino of the
Petition? He Paid his motive for prefling the fulled arofe
from information he had received of legal proceedings for the
penalties being commenced againft many of his conftituents.
Mr. Jefferys added. th .t he did not entertain a doubt that every
degree of attention and redrefa would be afforded to the cafe of
the Petitioners which it would be round to merit.
The CHANCELLOR or Tin Exc eku a a replied, that he was
the next day to have a meeting upon the fubje&t with feveral
perfons in the malt trade, and every attention would be given
to the willies of the Petitioners.
ORDER OF THR DAY.
The Houfe refolved into a Committee of Ways
and Means.
The CHANCELLOR of-the EXCHEQUER, purfuant
to the notice he had given yefferday, rote to bring
forward his motion for a vote of five millions, to
be railed by Exchequer Bills; but before he made
that motion, he would precede it by moving the
ufual Duties fur the year on Malt, Mum, Cyder,
and Perry ; on Penfions and Perfonal Effaces in
Great Britain ; and on Rum, Sugar, Tobacco,
Starch, icc. There being agreed to,
• The CHANCELLOR of the Excit tosla again rote,
and obferved, that in moving for the Loan by
Exchequer Bills, it was feared,' neceifary for him
• to pas any comment on the advantages which had

been fo Arial y experienced, I;lthexto, from the
iftte of Exchequer Bills. Thofe advantages were
in fad, iuo well known in the finances of the coun-
try, to require fuch comment. The only thing to
be attended to, in rendering thole Bills of perma-
nent advantage,amongft the refources of the year,
was, to guard againft any excels of the neceffary
quantum ; and to regulate the Me always by the
ilite of the Money Market. It would not be unin•
terefting to Rate the fituatinn of this branch of our
refources, for a few years back, in order to prove
its advantages, by a compariion v it't its fituatiou
at this day : _ _

Immediately previous to the commencement of the
late War, th.; amount of outftanding Exchequer L.
Bills was 9.478.000
In November tBor,theamountwas a‘ove 29,c00,000
In which was included a fum funded laft Sefton, of 8,500,00 e
Which, deduCted from the whole, left the fum out-
ftanding on the sib of January laft 20,500,CC0
But, from the redation which time took place,
the whole outftanding debt now amounted to
15,080,0001. being a reflation of one half of the
whole debt.
Immediately previous to the commencement of the L.
War, the Debt of the Navy was 3,344,cc0
On the beginning of November in Taff Year it
amounted to about - - 9,000,000
But by the reduction which here took place, it
Rood on the sib of Odtober laft at 4.500,000
Being a reduction alfo of one half, and making
the total reflation of the unfunded debt above
eighteen millions. In riming the reduced out-
nanding debt for Exchequer Bills at 15,080,0001.
he included one million in the hands of the Bank
of England, which were to be paid off as the Malt,
and other 'faxes approcriated for that puipofe,
were paid in. Thole Bills, therefore, were not
liable to come into the market, to create any de-
preciation of Exchequer Bills there, which reduces
the floating debt to 4,080,0001. in which hum are,
to be comprifed the Exchequer Bilk not in circu-
lation. He now, therefore, propofed to Mite
5,000,0001. more of Exchequer Bills, to fill up the
chafm which had been created in the Stock Mar-
ket, by the payment of others. There were to
bear an intereft of 2.1 d. per erntum, per diem; and fo
little fear was there of fuch an Ate prejudicing
thofe funds, that they were always in demand,
and now at a premium. In order to fupport and
facilitate the circulation of thole bills heretofore,
a regulation had been made in the revenue,
whaeby they were rendered receivable in payment
of taxes or duties ; but the very (mall portion of
them that had been tendered in fuch payments,
was in further proof that they wete in high favour
with the public, who evinced no with to avail
themfelves of fuch an opportunity to get rid of
them. It alfo appeared, that fo great was the
recent den:and for them at market, that the refi-
due on hand would not fupply it., For the prefent,
therefore, he fhould move for the iffue of five mil.
lions of Exchequer Bills ' • and on this day fe'n-
night he fhould move for four millions more, upon
the growing produce of the Confolidated Fund ;
at which time he fhould alfo lay before the Houfe
a flatement of the fituation of the Public Finances
of the Country, fo far as the fame could be made
up to the prefent time. His motion was agreed to,
and the Committee ordered to report and fit again
on Monday.