Star.
London, England, 1824-02-20 00:00:00

7..
286 yards Gold Lace
35} Silver Late
_6i Broad Cloth

18 Jose
3 do. half do.
22.. pieces Lib"mlt Vita
.1 Mahogany
124 Lath Wood
13 Fir Timber and B.Lik
2 Work Boxes
22 Brushes
•
7 Lace Shawls
1 Sufa
14 Prints
1 Dressing Case
4 Chimney Ornaments
,5 Penguin Skins
-67 Shells
1412 handspikes
417 Deals
159 Deal Ends
21 Battens
65 Masts and Spars
_l9B Norway Tubs, Scoops, Zee.
120 Oars
19 Baskets
58 dozen Shovel Hilts
2 packs Playing Cards, and
several other Ankles.
• Also,
The span Salt MARY, 3 17-94 Tons
Do. A NIELIA, 525-94 Tons with their Materials.
PILCHARD,Du 5 5.94 Tons -
And five other open Boats.
Tour .'.nchers, two Cables, Allets, Sails, and a variety of other
Stoles; belungiog to the Norway Ship ARENDAHL.
Besides

pair Silk Li'

16' Pieces Sbawl3 and llandkerchiefs)
:1 Pieces - - Foreign Crapes
and Silks, for expor-
-4 Scarfs - - cation.
Arai 51 lbs. Chocolate -.- -
The Articles may be viewed two days preceding the day of Sale.

PORT OF EXETER.
FOR SALE BY AUCTION,

-
• 1.?,9 Jar of the Hon. the Cumnsissioners of his Majesty's Customs,
A: the Custom-Ilouse,in Exeter, on FainAt, March 5, 1624, at
Moren n'Clock in the Forenoon, -
THE -GOODS UNDEIt MENTIONED,
VIZ.
471 Gaficall BRANDY, under proof.
•
2811 Gallons GEN C.VA, ditto.
Three Battens, and about 65 Fathoms Rope.
Three Old Saddles, Bridles, Sac.
And on &SOLWAY, the following day, at the Custom-llouse'in
'TOPSHAM, at Three o'Clock in-the Afternoon,
451 Gallons BRANDY, under proof.
33e Gallons GENEVA, ditto.
Nine Spars, One 'Mast, an a quantity of Old Staves cut up
for fuel. •

N.B. 'rite Sphts will not he sold fer.less than the Import Duties.
Dated Cu-tom-Douce, Exeter, Feb. 13, 1824.

RELIGfOUS EDUCATION.

This 'day was published, price 75. bound,
rikllt NARRATIVE PARTS of the Old and New
TuAatitcro, primed verbatim from the Authorised Version,
in a large Type, fur tue use of the Junior Classes in Schools, and
Thug r tt,:d with on: bundr,:il and twenty Engravings.
the REV. S. BARROW,
Author of School Sermons, Questions on the Old and New
Testaments, &c. &c.
Printed for Y. Was-nor, Stationers'-court, and'io be had of all
Eooksztbro.
N. 13. Fiva ITtnrnm QuirrioN's expressly on the con.rents Of this
tkirable Volume have been published. in the Copy-book Form, at
Lt. with a Key fur Tutors, at Ninc-peace, for the purpose of adapt-
ing the Work to the Interrqgative System of Instruction.

This"day was published, much enlarged,
A Fourth Edition of
(lIISERVATIONS on STRICTURES of the REC-
\or Tu and COLON, anti other Affections which diminish the
capacity of the Intestinal Canal iu those psrts ; jcluding Spasmodic
Constriction of the Sphincter Ad '(lvith a Ttanslation of Mons.
il(Pyer's valuable Paper on that complaint ; Ilmmorrhoidol Tu-
Incur% called l'iles), Excrescences, and Prolapses Ani ; accom-
pon%,l with the mode of Treatment, several Cases and I-:ngravings.

By W. wilar, - _
I:2rnser of the Royal College of Stirgeont, London, Corresponding
Member of the lAndon Medical Society, and one of the Sur-

trolaq to the City Infirmary and Dispensary, Bath.
• Bath : Printed by C. Hunt (late Gye), Market-place:
_'utlished by Longman, Durst, Rees, (Mme, Brown, and Green,
rgtetti:htzr-row, London ; and sold -.by W. Bulgin, Corn-street,
I;rtnel ; .1,3.1 by all Bookst Item

C.-17bN ON DEBILITY, ILLUSTRATED WITH
CASES.
Thu dzy was publisbcd, price 7s. 6d. a New Edition of
PRACTICAL OBSERVATIONS on the DEBI-
• natisrat and contracted, of the GENER ATI vr.
• ',;A NS both Sexes; including Itemarks on Onanisin, Seminal
Nocti;rnal Emission, Glret, Tabes Dorsalis, Fluor Al-
with the 'nicety of. Generation.
. B f T. M. CATON, Surcteom
No. 6,. Norfolk-street, Sirimil;
1..7e of thti United I lospitals of St. Thr.rnais and Guy's.
(7..46 C. Chapple, 59, fail-mall;' Bowen, 515, Oxford-street;
-110 v and 111. PE: Ices-street, Soho; or by the Author, as
Where may be had,' •
t'Jton on the Venereal Disease and its Consequences, a New
4 ss. ilustrated with Cases : A Practical Treatise on
c I reventius and Cure of the Venerind Disease, exhibiting the
sytnptems, and treatment of the diseases immediately
r""•,.-!;r connected with it ; containing Observations on Gleet,
Seal Discharge 3, the use of the Caustic and common
",i4,t,t.atartrous Erupt it. lIA, imaginary Venereal tiseases, 84e.
~•Ig au elementary Work fur Students, and,a Guide to:the
11flatei intersperseAl with select rrescriinions applicable
ii.iisioirof the Disease.

CHILBLAINS, RHEUMATISMS, PALSIES, &c.
CHLLPLAINS are prevented from breaking, and
their tormenting Itching instantly removed by WHITE-
HEAD'S ESSENCE OF MUSTARD, universally esteemed
for its extraordinary efficacy in Rheumatisris, P.ilsies, Gouty Af-
fections, and Complaints of the Stomach ; but Where this certain
renie4 has beep unknown, or neglected, and the Chilblains have
actually broke, WHITEHEAD'S FAMILY CERATE; will
ease the pair, and very speedily heal them. This Cerare is equally
effieaciGna for al: ill-conditioned Sores, Sore Legs, Scorbutic Erup
tions, Blotches, Pimples, Ringworms, Shingles, Breakings-out on
the Face,
,Nose, Ears, and Eyelids, Sore and Inflamed Eyes, Sore
Heads, and other Scorbutic Humours.
The ESSENCE of MUSTARD is,perhaps the most active, pe
netrating, and efficacious remedy in the world, Curing the severest
Sprains and Bruises in less than half the time usually taken by any
other Liniment or Embrocation ; it also heals Cuts,,Punctutes from
Sharp Instruments, Nails, Thorns, Splinters, &c. with incredible
facility, without smart or pain, preventing itifimunatioa and fester-
ing, and is equally useful in the various Accidents of Animals; in
silent, it is a domestic remedy of such uncommon excellence tnd
utility, that no family sensible to its own comfort should ever be
witbout it.
Prepared only, and 3411 by R. Johnston, Apothecary, 13, Greek,
street, Soho, London. The Essence and Pills at 94. each. -the
*Cer ate at is. led. and 2s. 9d. They are also sold at 68, Cornhil6;
and may be had of every MedieineVender in the United Kingdom.
g,"7 'The Tienuine has a Black Ink Stamp, With the name of R.
Johnston, inserted on it.

- - ,
leading features of the plan vadat the Right iftmeni•able Gentle:
man would have to open to the House- on Monday ; lathe Was con-
vinced that a reduction of the t)uty by one half would antere than
double the consumption,, and consequently produce a considerable
increase of the Revenue ; besides which, the pecessity would be in a
great measure done away of the expensive establishment-for the twee
vent ion of smuggling.—The Petition was atdered tO lie on the table.
Mr. HUME presented .a Petition from a rutin:roue body of
Journeyinen Printers in the City of London,
,praying for the repeal
of the LaWs relating to Combinations among Workmen.—Referted
o the Counnittee.
Mr. DEN MA N presented a Petition from the Licensed %lariat-
ler; of the Town of Nottingham, praying frr the repeal of the Du-
ties on Excise Licenses.—Ordered be be printed.
Mr. G EOll GE. LA 111; postponed his notice of a motion for
leave to bring in a Bill for allowing persons prosecuted for feleny to
defend by Cuubsd, front tomorrow to Wednesday, the sd Much:
, BANK OP ENCLAKb.
Mr. GBERTELL said it would be in the recoUectkiit
of the House, that he bad for several years past regu3
holy moved for Returns of the amount of Bank of
Cagland notes in circulation. He was riot aware of -
any objection being entertained to the production. of
—.so—
• • 'hose Returns, when he moved for a 'continuation
..-PARLIAMENTAIiIY PROCEEDINGS. of them fiom April last down to the present time.—
IDIUSE OF- LORDS, FEBRUARY 19. But the day after the order had been made by the Houte
•
This being the first day upon which Baron German 'was ap • for the Return, an 1-foriourable Friend of his, whom he
pieced to officiate (in substitution of the Loin CHANCELLOR) for did not then See in his place, stated in the House_that
the furtheranCe of :Appeals, his Lordship was introduced as Deputy considerable objection was entertained by the Gover-
Speaker ; on which occasion he appeared in robes similar to those
nors of the Bank of England to the produCtion of the
worn by the ',wee CHANCEI.I on. •
Tile Earl of .SHAFTESBUR 1- moved that the Commission Account moved for ; and the ground stated for that oh. _
be read appeintiag Lord Gifford Deputy Speaker of that (louse to jection was, that it was inquiring into their privateac-
bear Appeal.. . counts, and that they-might as well call on any• private
CHARLES Rae, re. q. (the new Reading Clerk at the Table), ac-
banker for an account of his issues; as On the Bank of
cordingly read his Majesty's Commission, which set forth that his
late_ Majesty, On the 11th March, in the 59th year of his reign, ap- England for theits. But, he considered the two cases as
pointed Sir C. Abhor, Chief Justice of the Court of King's Bench, widely different; and when he considered that Parlia
to act in the House of Lords as Lord Chancellor and Lord menoentrustesAo that Corporate Body the payment of
Keeper ireehe absence of the Lord Chancellor. It then revoked the dividends—that the whole Revenue of the country
that appointment. • It also mentioned that the late Chief Baron
Richards was at the same lime vested with the like appointment. passed through their hands—and that a very large Stird
The Commission, after such revocation and recital, proceeded to was paid to them annually, as well on account Of the
command and imprint Robert Lord Gifford to act in the House of advances made by them for the public service as for
Peers, in all respects as Lord Chancellor and Lord Keeper of the their management of the public debt, he could not but
Great Seal, ter the phrpose of hearing Appeals, &c. in the absence .
of the Lord Chancellor. • cloak that it was the duty of that House to ascertain,
The Earl a SHAFTESBURY then introduced Lord Girroen from time to tithe, the extent of their issues, in .order
to the Woolsack, and afterwards moved that the mace be laid on that they might see that they were not disproportioned'
the Woolsack hefoie his Lordship.—Motion agreed to. to the fair demands Of the commerce of the country.
The Serjeant-atiettnis (Captain SiVMOUIt) laid the niece on
the Woolsack. . When he recollected that there was an Act of Parlia..•
Counsel were caeled in upon the appeal of " Sir John Montgo- ment in force by which the Bank of England was blejlnd
mery, Bart. of Stanhope, and others, and John Hyslop, tenant in on the Ist of May to produce to the Stamp Office alt
' Halscare respondent," front the Court of Session. This case was account of the 'number of their Notes in circulation
beard out.—Judgment is to be given next Tuesday.
The appeal of " Messrs. Young, Itoss, Richardson, and Co. during the three years.preceding, for the put-rose-of as-
printers, near Perth, and Wit. Muir, merchant, of Glasgow, tens- certaining What was the amount due from them oh
tee to the sequestrated estate of the Company trading between ac.count• of Stamp Duties, he could not think that •
GlasgoW and Jamaica," from the Court of Session, was heard in there ccold be any reasonable objection urged to' the
pan, when the further hearing was adjourned to Tuesday next. •
• Exactly at four o'clock the Lord Deputy Speaker Was iinformed,production of such an account to that House. The ob.,
by a message, that the Lon) CIIANCCLLOR had arrived. jection how ever had been made ; and as an opportunity
At nearly five o'ciock the Loan Cneecu.os came into the Hetteet would shortly occur, upon which the whole principle
and soon afterwards took his offisial seat. e would come under discussion, he had for that reason •
Lord KING presented a Petition from the Town of Watcbet,
waived forte - his .
In Sornersetsbire, praying for a Repeal of the Duty, on Coals cat-
ried coastwise.—Ordarece.to be laid tappet the table. ~. Return, and he had nnw; theicfme, only to move for
• Earl GROSVENOR sail that tie was kntneted with a.Petition the production of two AccoOnts, to which he rinderstcod
on the subject of the Game Laws ; but as (after banding It to the no objection would be offered. The first was an Account
.Clerk at the table) he understood there were some inaccuracies in e .
of the De . nail made with the Batik of England on the
it, he ehquisl trouble their Lordships but a very little time on the
subject. It was one of great importance, when it was considered that public account as the public banker, and ot the Balances
numbers of persons were confined in different jails from time to of such Deposits remaining in their hands at certain
time in consequence of violations of the Game Laws. He would stated periods; .and the-second was'the A niount of. the
even call it of paramount importance ; and be should have treated
of England fur the Ma,.
Charges
made by the Bank
It as such, but he trusted that as it was taken up.by an Honourable-
Member vf the other House Ilkir. Stan Wottley), who was so naKentent of the Public Debt. In consequence of the
well acquainted with it, and who was also contfected With the Go- discussimet et hich had from time to time taken place in
that Illitte, the artlollllt of balances ,in the hands of the
vernment, that something would shortly be done; and thit when-
ever the Bill-came up to their Lordships. at would meet with all
Bank
had been reduced from 11,000,0001. 6)4,000,000/.
the attention it so well deserved. Ili laved that some proposal
which wat an important object gained ; but he
would be made to abate the dreadful and intolerable miseries which
arose from the present system. He was aware of the phjection they, ought to be reduced even belOW the 4,000,000 t.—
' that the authorising of the sale of teethe might diminish the quantity' At this momeht the Public are paving' to the Bank of
En land three per cent, on 1,54000,000 i. which oas the
of game ; but as far as his experience went; he was of opinion that
it would increase the quantity. It was also said, that any such o
Amount of their capital advanced to the Government on-
s asure would toed to disconnect the Country Gentlemen; and ren-
der them less Willing to reside on their estates; but it was paying a the renewal of their Charter. lie would' nbw repeat
very small compliment to those Gentlemeli, to suppose that even what he bad stated on former occasions, that if any at--
if the quantity of game were diminished, they would on that Cc- e
rangement could be made,or it it suited the convenience
countlie induced to desert their estates. It might go to abate the
of
the public service that an arraitgeitent should be
value of game iu some cases ; but whatever loss might be incurred
by the sportsman, it ought never to he put into competition with made for lodging the public deposits in the hands of
the benefit likely to be confeered upon the community at large. He private bankers, those indiiiduals would feel perfectly
therefore still hoped that their Lordships would give their most satisfied, and think themselves. very liberally paid by
deliberate attention to the subject, and co-operate in any.fair pro.:-
receiving 40,0001. fcr their :trouble ittleepittg the ac-
tion 4 '
posal from the other House, if it should come up, for the ameliora-
tion of the Game Laws. count: The Bank of England received last year fbr
The Lornbard-street 'House Bill was, upon the motion of the
the management of the Public Debt 250;0001. 'He did •
Earl of SHATTISSURT, read a second time.—Adjoarned at Half-past not mean to complain of the mode in. which the busi-
Five o'CloSk, till to-morrow.
'- ness was mahaged by the Bawl; ; die duty, he admitted, '
.
lIOUSB OF. COMMONS.
could not be better performed ; but he d'd contend 'that
The Speaker took the Chair at four o'clock: • the services of the Bank in that respect were greatly
bfr. OREN FELL presented a Petition foam several Ship-oWners
overpaid. They would, in fact, be amplyeompensated
of London, praying fer a Bill•for the buildiatof a new Dock of St.
Catherine's.—Ordered to be laid on the table. -by an allowance of 160,0001. any opt irate. banker,would,
Mr. DUGDALE presented a Petition (rem the inhabitants of he was confident, undertake the managerfient for a
Birmingham, praying for the repeal of the Legacy Reties.—Or-
-much smaller sum. 'He knew very well that' it *Mild
tiered to be printed. be said, in answer to this, that the -whole question of
, Mr. WODEHOUSE presented a Petition from the Inhabitants
of King's .Lynn, in the County of Norfolk, praying for the Alto- the sum to-be paid to the Bank as a compensation for
'Anion of. Slavery.—Laid on the table. . • , their management of the Public Debt was closed by
Sir W. LEMON presented a Petition from the inhabitants of St. the Act of 1808. He knew that he should be told-that
Colomb, 4n the County of Cornwall, praying for the repeal of the such was the opinion of the Law Officers of the Crown
Duties on Coals carried coastwise.
Sir C. COLE. presented a similar Petition from certain eclat pro-
on a case submitted to them with regard to the con-
prietorsin the County of Glamorgan. struction.and operation of that Act. He could not be
Sir T. LETHBRIDGE hoped the case of the proprietors of in- expected, of course, to moot points of law with profes..-
land collieries,. whose interests were so deeply affected by those du- sional.Gentlemen, or to oppoie his opinihn on legal
ties, would not remain unattended to by the Chancellor of the Ex-
questiOns to that of such high authorities as had been
chequer and by that House. The tax was, in his opinion, one of a•
most onerous nature, pressing as it did;most heavily on the poor; conslAted on that occasion ; but he need not say that the
and he Was convinced that a very large majority GI the PeePte of ' opinion of legal Gentlemen on any case submitted to
the country were desirous of itsrepeal.—The,Petition was then read. them, • depended
vet y much on the terms in which
Sir El) W. KNATctiBULL presented a similar Petition from
the inhabitants of Tunbridge Wells, and another from the town that ease was drawn up; and he did think that he
of Whitstable. ' col draw up a case, founded upon the. Act of
Mr. WODEHOUSE presented a similar Petition front the Pa- 1808, which would have drawn from those Gentle-
rish of I ledingtote in the County of Norfolk. men- a contrary opinion; for he was fully coniinced
Mr. BROG DEN presented a similar Petition front the ToWn of
Launceston, in the County of Cornwall; that there was nothing in that Act which • shut up
A similar Petition was presented (wee the Town of Briel,arn, is from the interference of the Hotoe the rate of payMent
the County of Devon. . • ' '•' to the Bank for this services; and he was.borne out in
Their Petitiops were severalli ordered to lie on the table.
[het opinion-by the late Mr. Horner, who had expressed
Mr. T. WILSON presented a Petition' front Themes James
himself in the -most decided manner to that effect. The
Ward, a wineme-rchaut of Abe City of London, praying for a re.
ductiee of the Duties on Wine. .A strong argument in favour of Honourable Member concluded, by moving—
this P..tition might, the iritmciurable Member said,...beeirawn from " TIM there be laid before the Hone an Account: of the Ag-
the fact, that by the returns of the amolint of duties paid on wine gregate Amount of the Balances of Public eloney in the bands of
limported Into the kingdom, which had been laid before the House, the Bank of England, including Monies paid in by the Exchequer,
it appeared that a very considerable diminution of the sum actu- Exchequer Bibs, and the account in the name of the Accountant-
ally received for duties on wine had taken place. since the last aug- General of the Court of Chancery ; also, aet" Accpunt;;of the
' mentation of the I.dty. It was, therefore, a matter well worth the Charges made by the Bauk of England for the Managemene of the
Consideration of the Chancellor of the Exchequer, Whether a con-' Public Debt."
siderable increase of revenue Might not ber`tterived from the in. The 'CHANCELLOR of theIRCHEQUER said; he
creased consumption that would follow upon such a reduction of was glad to find that the Hon. Member.bad abandoned,
the duties as would enable-the price to he loweredeo three or four fur the present at least, his intention to call.,fer the
shillings, instead* of six shillings for the bottle of wine ?—(Hear,
hear).—The Petition having been read, , ~ , amount of the issues of the flank of England; -because
L
Mr. HU bin was in hopp some notice would have been taken of he thought it would be extremely hard
.iip*On the Bank
this Petit ion.by the Chancellor of the Exchequer. It was monstrous or .England to be called upon. fort 44 account. ' He
to go on from'yeaelo.year levying on to desirable an article of con-
would not
umption Timamounted
Times -that almose to a-probibition., He hoped •
bat a considerable reduction of these Duties would form one of the under any crcumstances, to call upon the Bank-
go iso f x as tq Huse ought not,
say that the
to
a H
. -- • - •- •
. . .
- ...

...

,

_ `',

~;- .

.------
titan that disclosure; but he did think, that as the
Bank had no longer the ,advantage of the Restriction
Acts in its favour, it would be hardly fair to call for
them unless strong reasons were shewn for havieg re-
course to such a proceeding. He did not mean to
slizestintakefolicy- of the law which .requ ired allaL the
• lien-Won-1 of the taTaneesTiMeliTtlidS-ortife' Urn Mull
be diminlshed; it was no -dotibt a very proper measure,
add the Bank had-eery caddy acquiesced in the ar-.
rangemeot. He did not know what were the grounds
on which the Honourable Member rested his indiaidual
opinion on the effect of the Act of 1808, in concluding
the question a's to the agreement with the Bank ol'Eng-
land respecting the management of the Public Debt ;
but, for his own part, be thought the Bank had pro-
ceeded on solid grounds in claiming an adherence to
the contract made with them in Mr. Perceval's time,
and be did not think that that. contract could now be
fairly called in question or rescinded.. It would be.re-
c\allected by the House, that some time ago a compro-
mise was very fairly assented to on the part of the
Bant af England, when it was contended that the
agieement which then subsisted ought only to be in•
sisted on as .applying to that part of the debt which
lad been contracted when that. agreement' was made,
and that as a very great addition had been subsequently
made to the amount of the debt, the new debt ought to
be subject to anew arrangement. The Batik assented
to the terms then proposed ; and as long as the Charter
of the Bank lasted, tht agreement %heti made u ith them
Ought fo'be binding on the Public. The Bank, it should
be remembered, had rendered essential and important
teivices to the country, urid, the House ought not, diete-
r*, to strain points too forcibly against them.
• Mrs fitIME said the question which had been raised
by his Honourable Friend was'a most important one to
the PUblic. He thought it a duty incumbent on the
Government to get rid as soon as possible of the tram-
' mete of the Bank of England. Their claim upon the
, Public ought to be discharged at once. He could not
but:-consider the tyi iig up of I 5,060,10001. of their capital
in advances to, the Government, and confining the re..
maunder chiefly to the landed interests, .as contrary to
the spirit of the Act by which they were incorporated ;
according to which they ought at all times to be ready
tat acct mmodate the fair, demands of all branches of the
.coinineice of the country, in the way of "discounts.—
Their doing so was the plea that was urged in support
of theallowances made to them for the management of
the
.public business. He hoped that Ministers would
take the earliest opporttinity of paying off the Govern-
Meat debt to the Bank, and then the Country Gentle-
._
roma would find no difficulty in getting such advances
WI shey...stand in need of at so low a rate as two per
cent.. the Right Honottiable Gentleman (the Chan-
cellor of Eichequet) •had stated, that the bargain
already made with the Bank ought not to be broken,
utileis. a stronger case were made out. He agreed with
• the Right HonOurable dentleman, that it ought not..
Am how did they stand with respect to that matter?—
The original bargain took plaCe in 1800, and was looked
upon in like manner as an agreement which was not to
be broken, and it continued to be observed until the Bill
of 1808, which was brought in by Mr. Percival. The
preamble to that Bill set forth that, " Whereas the
amount of the public debt since the passing of the said
Act (of 1800) had very much increased, it was there-
fore ieasoseable that a new rate should be made of pay-
ment to the Bank cf England for ti management of
that increase;" and accordingly that Bill passed into
the law under which the present rate was fixed. Since
the passing uf the ,Act of 1808, the public debt had
been increased•from six to eight, being nearly one-third.
OA the same principle the: efore on which the bargain of
1800 had been altered in 1808, a case was now Clearly
made out for a new arrangement of the terms on which
the debt ought now to be managed by the Bank,
whereby a yearly saving of at least 1150,000 might be
made for the Public. •
Sir H. PARNELL said, that as the Charter of the
,Birk of England was shortly about to expire, it was
reasonable that the House should make its renewal a
sultieccof grave consideration.- For his part he saw no
necessity, as far as the great interests of the country
rereeoncerned, for any renewal of that Charter ; and hp
trtuteit when the proper time for discussion came that
the House would be found to agree with him. Hi
threw out these observations in order that the House
• might not be taken by surprise when the period of T 6.1
iewal came. It was his opinion that the trade of the
a itk of England. like that of every other commercial
dys ought to be free ; and he did not think the Right
iourible Gentlenian had made out any case to jus-
tify its eieiiption from the general rule.
Mr. MANNING observed'that he did not rise for the
purpose of opposing the motion of the Honourable Gen-
tleman. He could_ have no objection to the production
of any accounts relating to the Public balance in the
li4tids of the Bank. He was not prepared, however, to
epeet his Honourable Friend's wishes with reference to
thestroductiOn of the amount of notes issued. He had so
frevently expressed his opinion sipon this subject be-
fore, that he was afraid of trespassing upon the patience
Of the House by again alluding to it—(hear, hear)..—
. "this honourable Friend insisted upon the production
• of the amount of notes in circulation, he might with the
itaime propriety call for the amount of . discounts ef-
Joeted by the Bank, and for the names of those With
shown those discounts had been effected, dins exposing
the private transactions of individuals. That such a
measure Would be highly objectionable and injurious in
a commercial country, he (Mr. Manning) need not press
upon the attention of the House: in fact, if the principle
of his Honourable Friend were once admitted, there
' would be no knowing where to stop. With respect to
the charge made by.the Bank. for the management of
the public money, and which he was astonished to hear
his Honourable Friend describe as so exorbitant, he
(nr. Manning) could.assure the 'ilou,,v that, including
the payment of clerks and other necessary expenses, it
did not exceed seven-pence per cent. on the amount
of every £lOO Stock. Another charge which the HO,
rourable. Member for Aberdeen had brought against the
Bank was, that they had lent money on tiro tgage to'
the Country Gentlemen. If that Honourable Gentle-
man would refer to their Charter, and to the Act of
King Willittn, he would find that the Bank of England
rata ehatbviered. to purchase lands, and requited to lend
money on landed security. And surely, in the recent
stateof tdistrosi id/tibia the 'agricultural interests of
the. country were reduced; it could hardly be charged
upon the Bank of Eugland.as a crime that they had lent
their assistance to so'consideiable a body of their lel-
-10,4..7-subjects—(Hear, kept).-
. Mt. LLLICE.fuIIy agreed with his Honourable Friend
.thelviember for Aberdeen, that Government ought to
pity off dui advalicevof the Bank, it order toenkble it
to lead await' to the Public at a cheaper tate in come-

7 77-7--

,

quence. But he alsetagreed with the gollnurahle Nroyer,l
that the Bank ought to produce an account of" tlYel
Mount of noted issued' bythena. If. the Bank of Eng-
land were indeed like that of Scotland, a chartered
body, actin'g in competition with others, it would then
be unfair to call upon it for the amount of its Bank—
notes. But.the case of the Bank of England was a spe-
CIA alie ;if leas differently situated from all, other
banking or commercial bodies. It had no rival esta-
blishment to.contend with, and.it had already detived
considerable advantage from its bargains with the Pub-
lic, and it was right thaoit should in future be under its
controul. The Bank had been originally instituted in
order to assist the trading interests of the country ; but
when had it been known to lend its capital for the ad-
vantage of trade, or at least that portion of the trading
interest which most needed its assistance ?—he meant the',
small merchants. It occasionally assisted ,the great ca.
pitalists, to be sure, but they were little affected by the
rate of discount, as they were always sure, if they went
into the market, to procure money at a fair rate. The
discount charged by the Bank was, however, far above
the ordinary rate ; for eiample, within the last ten days,
when the discount was only two and a half per cent. the
Bank charged three or four per cent. Thus, if any cus-
tomer of the Bank was pressed for money, he was
obliged to allow them four per cent. because they had
chosen so to fix the discount. If the Bank were a real
banking concern, conducted upon the fair principles
which ought to regulate such an establishment, they
would not be found lending their money to the Landed
Proprietor and the Government, but to the great, Mer-
cantile Body of the nation. Let the accounts of the
Bank be, however, inspected at the present moment, and
theie would not be, found, he would undertake to say,
half a million in the bills of mercantile men; Or if such
bills were to be found, he would also venture to say, they
were the worst bills in the country. He (Mr. Ellice)
was astonished at the objection which had been made
to the production of the return of the amount of
Bank-notes in circulation. Was it not necessary that
the country, which depended in a great measure on the
Bank, should know that amount; Suppose a case. of
distress should arise, what was the Bank to do but td
sell Exchequer Bills, or to call on Government to repay
them the money it had lent? The Honourable Director
,(Mr. Manning) had said, that if you called for the
amount of notes, you might with equal reason call for
that of discounts. And why not, he would ask ? Did
not the Bank of France annually produce to the public
an account, not only of the amount of its discounts,
but also of its bullion and, profits—(Hear, hear). And
was the credit of that Bank affected by such a_proce-
dure? Did not, in fact, the Credit of that Bank stand
lust as high as that of the Bank of England.? If the
Bankracted upon truly commercial.princtples, it woull
,be a different thing. From all that he (Mr. Ellice) h
teen, however, he trusted the. Bank would newer be-
macle independent of the Public ; and When ,the ques-
tion of the renewal of its Charter came to be agitated,
he hoped the House would see the uecessity of render-
ihg.it still more dependent. He was, he confessed,atot
a little astonished at the tone in which the Right Ho-
nourable Gentleman (the Chancellor of the Exchequer)
had advised the House not to strain points against the
Bank. Surely the Bank had derived enough from the
Public to render it independent of their commisera-
tion. nous yyr to year their profits had been accu-
mulating, and the Bank Stock, which, at no distant pe-•
rind, sold for 150, was now at 228 and upwards.
Under those circumstances he thought the Bank could
hardly' accuse the Public of want of liberality or fair
dealing. Now, with respect to another subject—the
Management of Public Funded Debt on the part of
the Bank. In order to she* that the terms_ Of the agree- '
ment between Government and the Bank did not pre-
clude the House from the .right of investigating the
subject, he should beg leave to read an extract from a
letter of the late Mr. Perceval to the Bank, previous to
their taking this mattertnent upoh them. In this letter
Mr. Perceval says, " I am willing to give way to the
Bank in all minor concerns." This extract shewed very
plainly, that it was not intended to give the Bank the
management of this money, subject to no controul from
that House. If the question related to the management
of a few hundred- pounds, it might be treated lightly ;
but when it referred to the management of 800 millions
of debt, it then became incumbent on the Public to
look to it in earnest. When economy and retrench-
ment were so loudly called foi-a—when the very inferior
officers in the public departments Were curtailed of
their hard.earned salaries, why, he asked, should not
the House look to the reduetion,of the enormous, the
monstrous profitsof the Bank of lingliutd? .
Mr. BARING thought it quite unnecessary at that
moment to say anything with:respect to the renewal of
the Bank of England's Charter, as the subject was not
before them. When the proper time for its discussion
came, he trusted it would be treated.with all the atten-
tion which a subject of such deep importance claimed—,
Vicar, hear). It was east enough to talk of doing
Iwithout the Bank now that our revenue met our expen-
diture, and that our affairs were beginning to recover ;
but if Gentlemen supposed that Government could dis-
pense with the assistance of the Bank, or a similar body,
they were greatly deceived. In his opinion they could
not move without it—(Near, heat). He thought that
the bargains which that body made with Government
were a fair subject of discussion in that Heuse; but he
could not cmnpliment his Honourable Friend (Mr.,
Grenfell) with having made a fair statement with re-
spect to the public balances in the hands of the Bank.
He thought, indeed, that his Honourable Friend had
stated that question most unfairly, as he kept out of
view.the promise of compensation made by Mr. Pitt to
that body, which compensation formed one of the items
in the account. With respect to the charge brought
against the Bank of lending money upon mortgage, he
could not but agree with the Honourable Director (Mr.
Manning) that the facility Of obtaining those loans had
been of great advantage in a period of distress to a most
respectable body; but he still must object to the prin-
ciple, which, if generally acted upon, might be produc-
tive of great inconvenience. For what, he would ask,
could be snort injurious to the interests of the country
than to have the money of the Bank locked up in mort-
gages when it might be called for-at any moment, in
the event of any great emergency of the State ? Was
the country' always to continue at peace ? ‘He was not
an advocate for war; but thebest way to prevent it was
to be always ready to matt it; whieh could not be-done
unless Government tould itletaye command a large cir-
culating medium to equip our fleets and armies and
carry on the other necessary operations. He therefore,
although fully aware of the bene€t which ahtst be ulti-
mately derived to the sank from the loan of !tidier do
mortgage, Would kill obj'e't to their doing so On the
grounds be 'had state& lis alluding to the bargain
which: the Government had made with that body with

"IFTPW"mwM.IRITM7-'"'

---T

reference to the Military and Naval Pensions, he could
'net help Ailliug to the Right Honourable (I,..ntle-
mancs (the Chancellor of the Exchequer) recollection the
many.waruings which he had received upon the subject
in that House. It was, in fact, a bargain so monstrously
absurd in all its details,' that no man of sense could be
betrayed into it ; and hg was sore that the Right 'Honour •
able Gentleman had only yielded to it- because he was
unwilling to betriy his predecessor, with whom it had
eriginated—(Hear)..--,By this bargain he (Mr. Baring)
would contend that the country had been a loser to the
amount of one million and a half. The facts of the
transaction, stripping it of its mystery, were simply
these :—When the late Chancellor of the Exchequer
made this bargain, the three and a half per cents. were
at 71, and a contract was entered into with the Bank to
buy up the three and a half per cents. for five years.
Thus, if peace continues, we shall have to tedeem at
_lOO
what we borrowed at 74. lie mightbe answered that the
Stocks may rise, but might they nct also fall ? He (Mr.'
Baring) denied that any man in his senses would make
such a bargain, even on the supposition that peace would
not be maintained. Fdr what could be more injurious
to the nation than the choking up her resources with
a prospective contract of thirteen millions, at a, time
when she was only slowly emerging from every circum•
stance of distress and difficulty? He tru ttd that the
House would excuse the length of time he had occupied.
their attention—(Hear. hear) —Fle had thought it tight
to allude to this bargain, which he again acquitted the
Right Flonourable Gentleman of having originated. He
trusted, however', that-when the five years' contract had
expired, nothing would induce him to renew its oi)eration.
MT. H. GURNEY thought the Public had a right to
know the quantity of money which was afloat. They
were in a great measure dependent on the Bank, and were
therefore entitled in some degree to govern its operations.
Mr. MA BRI.1( said a few words expressive of his
disapprobation of the contract entered into relative to
the Naval and Military Pensions. He did not mean,
however, to father it on the Right Honourable Genie-
man (the Chancellor of the Exchequer), as it was an ill-
begotten' child* of his predecessor, who therefore was
alone responsible for its defects —(A lauffh).
Mr. MONCK contended that the Bank had no legal
right to lend money pit mortgage. By the Charter they
were entitled to lend money upon pledges; and although
mortgages were a kind of pledge, they were not of that
kind contemplated at the creati,m of the Bank. The
kind of pledge meant was gold, or silver, or merchan-
dire. He contended that they ought to take annual ac-
count of the amount of Bank paper in circulation; if
they, wished to prevent a recurtence. of the mischief
arising from the stoppage of the Bank in 1797. If such
a course had been pursued previous to that year, that
calamity would never have happened. He hoped when
the Charter of the Bank had run out, it would not be
renewed as a matter of course.
The question was then put upon the Returni moved
for, and carried in the affirmative.

1