Star.
London, England, 1825-05-13 00:00:00

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sure would not of castle. ftoiict any existing contracts.
which would be &bents they now stand, at twelve
thirteenths of English -currency. With respect to the
Bank Notes in,Jreland as they now stood, at present
they might be said to have an average natural life of
about six years, as they were re-issuable at any period
within three years for a similar term. He should pro-
pose that such notes as came in hereafter should not be
re..issuable, but that they= should be cancelled, and the
stamps of them allowed for, al in ittie case of spoiled
stamps. Another important Ibature in the measure
which he was about to propose, would be the issuing
of an entirely new copper currency, which at present
was the occasion of many errors in calculations: Is
order to prevent any inconvenience from persons pleading
ignorance of these changes, he should adopt some means
of giving them the greatest publicity. The new notes
issued by the Bank of Ireland were to be in British cur-
rency. The measure was to be so calculated as to leave
unaffected the value of the 40s. freeholds of Ireland.
All salaries, pensions, &c. were likewise to remain as
they were at present. He again repeated that the-et-
ntobt publicity would be given to the principle and the details of the
measure. He concluded by moving the resolutions which embodied
the preceding objects.
Sir J. NEWPORT expressed his concurrence in the
measure, although he thought it would be attended with
considerable difficulties. It might excite an alarm in
the mipds of some persons whicit would be extremely
disadvantageous, unless it were accompanied by some modificatious
calculated to allay those apprehensions.
Mr. L. FOSTER thought that all the objections to
the me sure might be removed, and that .it might be
carried into practical operation. Intrinsically the money
of England and Ireland were of the same value; the dig-
ference was nominal merely. It had originated partly
from the fraudulent attempts of former Governments
to impose upon the people, and partly from their igno.
rant efforts to prevent the exportation of money from
Ireland. He thought the present measure would be beneficial,
and that the objections on the part of the Irish would be neither
weighty nor permanent.
Sir H. PARNELL said that the proposition was likely to be
beneficial, and be gave it his support. A new copper currency
was most desirable.
Mr. P. GRENFELL stated that the copper coinage
of Leland was circulating at nearly double the value of
copper in the market, thus holding out the greatest
temptalloos to counterfeit money. A new copper
coinage would increase the size of the Irish pence and
halfpence, and this alone would reconcile the lower or-
ders in Ireland to the present measure.
Mr. M. FITZGERALD returned his thanks to the
Right Hon. Gentleman opposite for the very salutary
measure, of which he had just stated the outline to the
Committee. He did not anticipate any of those prat.
ilea' difficulties from it, which had been mentioned by
some of his Hon. Friends near him ; on the contrary,
he was sure it would greatly tend to the simplification
of the present system, and by so doing would very
largely benefit the commerce of Ireland.
Mr. J. MARTIN suggested to the Right Honourable
Gentleman the expediency of issuing a coinage of silver
thiee.pences. We formerly bill silver pennies, and
silver two-pences. and every person would allow that
the recurrence to such a currency would be a measure
of vety great and very general convenience.
The Resolutions were then agreed to.—The House resumed, and
the Report was ordered to be received to-morrow.