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DISTRESS IN IRELAND.

yments. Now this was an imputation of improper.
forward a motion, the object of which was, to effect P 3
what he conceived to be the only mode of relieving conduct thrown out against the Bank, at the very
the distresses of the country—namely, a•large reduc-
time they were about to commit a further power to
tion of taxation. Previous to his giving that notice, that Corporation—at the lithe they were about to
it was grant a monopoly to a body thus impeached.
..'
he had asked the Noble Earl opposite whether
intended by his Majesty's Government to propose " The Earl of LIVERPOOL said, he did. not con-
any measure for the relief of the Public Distress ? ccive it necessary, to take up the time of the House
and en that occasion the Noble Earl referred him to with many observations on the topics referred to by
the Committee of the House of Commons which was the Noble Lord, because the present was not the time
then considering the subject of Agricultural Distress, for discus ing them ; but he did not conceive that he
and the nature of whose Report he said he could not discharged his duty if he did not say a few words,
then anticipate. Shortly after this, a Report came with a view of stating the grounds on which he dif-
forth hom that Committee, and it was only from a feted from the Noble Earl. It was true that the
deference to the other House of Parliament, that he Noble Earl had some time ago asked him respecting
abstained from speaking of that Report in the terms the intentions of Government as to the measures of
which it merited. This at least he would say, that relief, and that he (Lord Liverpool) said he could not
it had disappointed the expectations not only of him- anticipate what might be the Report of the Commit-
self, but of the Public at large; for the had not met tee of the other House. Such was the state of the
a single person, either man, woman,. or child, who case at that time. He should now say a few words
entertained the slightest hope of relief from that Re- respecting the measure which was before the other
port. The means of relief which it proposed weie House; but first of all he must tell the Noble Earl
altogether inadequate to the object. He should not that he agreed with him in one point,'which was this
have desisted so long from his intention of bringing he never expected that any measure growing out of
forward his motion, bad it not been that he waited the Report of the Committee- of the other House
for the return of a Noble Friend of his who was ab- would have the effect of giving immediate relief to
sent. He now, however, understood that other mea- agricultural distress ; but it did not follow that some
sures, purporting to have the same object in view, remedy might " not prospectively grow out of the
were under discussion in the other House of Parlia- measures which should now be adopted. He had no
mein; and as it was 'probable they would come in difficulty in speaking on the subject of that plan by
regular course before that House, he should, until which it was now intended to reduce the taxes, al-
then, postpone his notice of motion. He wished to though Ministers might have previously objected to
notice this more particularly, on account of one of such reduction. None of the Ministers had ever said
the measures to which he alluded, and a measure too that the reduction of taxation was not a Most desir.
which proceeded from persons who had said that the able object, .2r9eided it could be done._ consistently
reduction of taxes formed no part of their plan; with what was due to the public creditors ; but he
yet, however extraordinary it might appear, the very must once more maintain that he could not look for-
man who had been making such declarations, now ward to any allcviatiou of agricultural distress from
gave the Public to understand, that the only elec. any reduction of taxes which might take place. Such
tual measure of relief was one Which had for its ob- reductions would not have the least effect on agri-
ject the reduction of taxer. Therefore, before he cultural distress ; there was no branch of taxation
brought forward any specific motion, he wished to that bore exclusively on agriculture; if it did, the
see the measure in question brought before that removal of such tat might afford some slight relief
House. With regard to that measure, be had no he- to agriculture ; but no species of Government taxa-
sitation in giving it his most unqualified reprobation, tion pressed exclusively on agriculture, for it bore
because it went to reduce taxes in a way the least equally on the community at large; and the taking
beneficial to the public interest. As to the Sinking off of any portion of such taxes would give no pecu-
Fund, it was not, in the present state of our finances, liar relief to agriculture. Still Government resolved
likely to produce any benefit to the Public, and it to reduce taxation so far as it could be done; the re.
ought to be suspended. The absurdity of the pre- duction of the Five'per Cents. had thit effect ; and it
sent plan was this; that Government was going into was the forerunner of other measures that would go .
the market to purchase, while at the same time they to diminish the burden of the National Debt. Wito
were sellers of annuities at a high price. Thus were regard to what had been called a dead expense to
they creating a debt which would fall heavily on the the country, it was not his intention then to enter into
shoulders of posterity, and were deceiving the Public the merits of that question ; but at the proper tin
by a new project, full of every kind of complexity, he should be prepared to give it the most minute dis-
It seemed to be an expedient which they now had re- cession, and he should prove that it would not retard
course to, in order to conceal that weakness which the reduction of the Natipnal Debt. It had been said
had led them into measures injurious to the landed that it would be a desirable thing to get rid of the
proprietors of the country. Determined to keep up the Sinking Fund. 'Against this proposition he must at
s-.
Sinking Fund, the Ministers were new about to prat- all times protest ; for, if it should afford any imme-
tise a sort of deception which would subject the coup- diate relief; the country would in the 'end lose in
try to the loss of many millions: by a more simple pro- nitely more by dying away that Fund. He was ready
ceeding,the same advantages which the new plan held to prove that it was a part of our national policy to
out, would accrue more efficaciously to the Public. Sinking Fund, and that its operation
maintain the
—On these principles he should feel it his duty to would not be impeded by the other measure whose
give every possible opposition to the new scheme, object was to give immediate relief to the country;
it would, indeed, be the cheapest relief that could be
and endeavour to induce the House to adopt a more
simple and honest course of proceeding. In the mean given. He should not then say any more on this
time, he trusted that- the Noble Earl opposite would subject, but meant to enter fully into it when it came
feel it his duty not to fetter the deliberations of that before the Ikuse. On the other topics alluded to by
the Noble Earl, he should say a few words. He did
House, by entering into any engagement to which
the faith of Government might be considered pledged, not think that any measure for altering the Corn
and which that House could not undo without great
Laws could operate as a remedy to the present agri-
inconvenience. When money was to be borrowed, cultural distress; nor did lie anticipate any measure.
of amelioration from the other House of Parliament.
it had been usual for 'the Finance Minister to make
If any such measure came before their Lordships, he
his contract with monied men, and Parliament was
should give it all the consideration which its import-
but here was a new case, the Parliament was called afterwards considered as bound to fulfil 'the contract ;
ante required. lie should next advert to what had
on to introduce novel principle into the finances
'of been said respecting the plan for increasing the cir-
a
the country, and in such a case it was the duty of the culation of the country. By the law, as it now stood,
the Bank of Englapd had a monopoly', so far as that
Noble Earl to bring it before that Howe unfettered
by any previous engagement with contractors. He no other banking concern could consist of more than
six partners. It would be most desirable to cause a
thought it necessary to throw out this idea, still re-
relaxation of that monopoly, and to give the country
serving to himself the right, in case no engagement
. were entered into, of endeavouring to induce their at large an unrestrained advantage in regard to
banking, provided the same was not carried on within
Lordships to reject a scheme which he considered so
injurious to the nation, with a view, at the same time, a certain distance from London. As to extending the
monopoly of the Bank of England for ten years be-
of proposing some other measure that should have
' for its object the :eduction of taxes. It was now ad- yamd the duration of its Charter, he certainly would
mitted by Ministers that such reduction ought to take rather give to the country the proposed relief with-
place; but it seemed they would not carry it into out any. furiher.pptinuance of that monopoly, bat it
effect except in a way which would destroy all the ad- was nut iu chit power of Parliament to do that. The
vantages proposed by it. For the present he should Bank had the-monopoly secured to it until the year
not trouble their Lordships with many more obser- 1833, and the question was now, whether the advanr
vations, nor bring forward aurproposition until the tages which the country must derive from the est,
measure he alluded to came Wine them. Therefore, blisbment of great banking concerns. would not he
ibe should now suspend his notice. He might as well squid to the sacrifice of granting to the Bank of Eng,
I take this opportunity of givioglis opinion respecting laud 4 rurthr monopolyy of ten years. ? The or"
1 the other measures that were taeontemplation. All W. 334. to grliO tte advantages of banking to the whole
of these he conceived to to Offprquatt to their oh- couritry;ukupee. A principle of open and free cont.
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GRANTHAM CANAL NAVIGATION. ~ fiery
ROYAL SEA.BATHING INEIRMARY:—... PAU/A VENTAR r PROCEEDING& Jett, and founded oti sa vrmng prlnet .•ple,' lie
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atill:rr.bepsittp ' .
,
t
THE PROPRIETORS of SHARES in this Un- PAZIOIN. - . ~. ,
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''' HOUSE OF LORDS. MAY IL •
Share, by applying to J. and J. Wright, Esqrs. and Co. the PIIIMIDRNT. •
Their Lordships met at ten eche*, to hear Appeals. . .. o the plan of -imposing new toes vrala a view of ' • • 4
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.. Right Honourable the EARL of LIVERPOOL', K.G.
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lk
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Watteau and air ABRICROMIT yrere heard fqr the %Meow" ; lsi
WILLIAM OSTLER, Northampton. W. P. Honywood, Esq. bLP.
the A amr-Gant. am. and Mr. WItSIIIIIII.I. for the respon- the Committee, that be had no especiatien of the
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_hag
Grantham, May 2,1222.
Eight Han. the Lord Mayor. Sir William Blizard. • - -ea- °tent postponed. - Flan producing any beneficial effects. He would opt • i
-----
in'CONNOR'S CHRONICLES OF ERI, will be Rt. How. Nicholas Vansittart, Samuel Thornton, Esq. -Ise Countervailing Malt Duty, the Leeds Gas Light Bill, •pive Any dlteratroa made in the Corn Laws ; , his fun.
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: i I
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.I '•
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The ANNIVERSARY DINNER of the GOVERNORS
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l 1
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SPENCE ON POLITICAL ECONOMY. J. A. Warm, Eaq.l%l.P. V.P. George Skelton, Esq. PLAN Rlillo RELIEVING PUBLIC DISTRESS. receiving an adequate advantage from that body.
The object of this plan appeared to him to be to ex.
MX. • William Thornton, Esq.
.`Earl GREY said, it would probably be in the red
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