Star.
London, England, 1822-02-26 00:00:00

diced from lye to four per Cent. but a rod was kept over the
!leads of the holden, and It was liable to boreduced again within
seven years. He thought this term should at least be extended
to a later period.
Mr. U A lITIN protested against the plan of calling foe an
expression of dis4ent.
Mr. BRIGHT said, it would be satisfactory if the mode In
which Trustees should act could be fully explained.
Mr. BA NILES objected to the changing of compound into
simple interest, in the case of the Sinking Fund.
The CHANCELLOR of the EXCHEQUER rose to reply.
Best, with regard to what had fallen from the Hon. Member
who had last spoken, he begged his Hon. Friend not to consider
the question of the Sinking Fund as quite decided. It certainly
was one of the greatest importance, and should not be hastily
disposed of. It was, however, no part of the question then be-
fore the House. In reply to the question which bad been pet
to him relative to Trustees, he bad to say that they would be
empowered to act as principals, and would be indemnified by
the Bill.: He fully appreciated the compassion of those who felt
for the hardships which would be suffered by many small capi-
talists, in consequence of this measure; he participated in the
feeling, but he apprehended that the only answer he could give
to it was, that this was a contingency they must always have had
in view—(Hear, hear).—At the same time, he would take the
liberty to observe, that although they might suffer in the re-
donjon. yet they were deriving in the reduction of twenty-live
per cent. in aU articles of consumption, the full benefit of that
state of things which brought about the reduction of interest.—
With i e and to the argument for a prolongation of time for dis-
sent, he had to observe, that there was co part of the Kingdom
which the post did not reach in six days, which he thought would
allow of ample time for deliberlitiou on such a subiect. Three
trionths were allowed for persons on the Continent. and to grant
the same time to Yorkshire would have a pernicious effect.—
fou.iii it impossible to answer the quail= of the Hon.
Member for Portarlington (Mr. Ricardo), as to the means he
should employ to pay off the amount of the dissentients. As
soon as the day of option bad closed, be would being forward
that subject, and as tar as possible state the Supplies retpdied•—
( Hear). Ile thought the observation of the Hon. Member for
Coventry ( Mr. Ellice), proceeded more from prejudice than from
a fair consideration of the case. He did not thick be could suc-
ceed in persuading the Public, or the House, of the existeuce
of the material difference he spoke of, between the modes of
cting the votes by assent or dissent. On the last day, sup-
posing all the letters to arrive on that day, they would be opened
by the Batik, in the order of receipt, and entered, as opeaed,
its the Bark book, numerically. No way, he thought, could be
fairer. Ile begged leave also to differ from the Hon. Member
for Coventry, as to his plan being the cause of English stock
going to foreign markets. A great rise had taken place, and
great sums had gone from the country to aU the foreign funds
bet°. e the met mg of Parliament, and also before and after the
itnitmaion made by his :Cobh. Friend in that House, and the
cause was the reverse of that stated by the Hon. Member. It
WAS owing to the false alarms which had gone forth relative to
the ititenivai of Parliament to tamper with the Sinking Fund
and the public creci.tor—(llear). Public credit, however,
would soon bring Eighth money back again—(clear).

111 r. CA i,CII AFT wished to ask the Right lion. Gentleman
opposite whether, by the pesent measure, he had do power of
payi.;!? off the Stock by instalments, or whether he meant toap-
ply to Parliament for that power?

The CHANCELLOR of the EXCHEQUER said, that
Parliament reserved to itself the power of paying off the Stock
in wiisttver mode be deemed most expedient. Ile cer-
tainly :bought it most desirable that the whole payment should
be made at once.

hlr. R ICARDO asked the Right Hon. Gentleman whether,
in case Stock was standing in the name of two trustees, one in
this country. the other on the Continent, both were to be al-
lowed the !Quest time to declare their assent?
The CHANCELLOR of the EXCHEQUER intimated,
that botice would be given of the time allowed in such a wise.
!qr. WILLIAMS put the case of two trustees of Stock, one
giving his assent, the other dissent, and asked how the Stock
was to stand?

The CHANCELLOR of doe EXCHEQUER said they must
go to Chathxbry—(A knish).
Mr. MATIERLEY thought it of .importatsee that more time
should he allowed.

Mr. W. SMITH said a few words to the same effect.
The CHANCELLOR of the EXCHEQUER answered,
that no longer time could with convenience be allowed.
. .

After a few words from Mr. WILSON and the CHANCEL-
LOR of the EXCHEQUER, the Resolutions were agreed to,
and the Report was ordered to be received to-morrow.

BRotiDEN brought up the Report of the Committee
Way.: and Means. . . _

On the Resolution for granting the uenal Duty on Pensions,

Mr. 11 I.:ME asked whether it was the intention of Ministers
es lay before the Ilouse a list of the Pensions liable to pay that
duty ? It W 33, he thought, desirable that such a list should be
furnished.

The CITA XCEI.I.OR of the EXCHEQUER said. that an
account of the Pensions connected with his Office was making
out ; but he was not certain whether the same course would be
adopted generally.
Abe Resolution was then agreed to.
MALT TAX.

The House went into a Committee on the Annual Malt Tax.

Thz CHANCELLOR of the EXCHEQUER said, k kad
been decided in Parliament that the atusual Malt Tax should be
st•duc, d, and he had to propose a resolati..n, making a redac-
tion of two %haling' in the duty upon every barrel of porter and
ale. A proportional reduction would also be made per banal
In weaker malt liquors, British spirits, and vinegar. He then
moved a resolution to that effect, which was agreed to, and the
Report ordered to be received to-morrow.

Mr. S. RICK, after expreuing some apprehension that the
"Window Tax would press too heavily upon Ireland, gave notice
Coat he should bring that subject shortly under the made/atlas
of Pardatneut.

The CHANCELLOR of the EX CHEQUER roodaded
ilonourable Alember that, by the Act of Union, no duty could
be imposed on Ireland exceeding the same description it duty
in Great Britain.

Mr. W. SMITH gave notice, that he should move to•nsorrow
1m Address to his Majesty on the subject of Treaties with Fo-
reign Powers respecting the African Slave Trade.
The Irish Population Bat was read a second time, and com-
mitted for to-morrow. _ _

Pdr.CALCRAFT moved for a return of the Imam of

Great Britain, in the years 1817, 11118, 1819, 1820, 1821, anal
18a; also the expenditure within the same period, exclusive
of the sums appropriated to the unfunded debt in each year.—
Ordered.
Mr. LUSH INGTON brought up an account of the expenses;
of the Vaccine Board; an account of money expended in con-
sequence of Treaties respecting the Slave Trade; and the quan-
tity of Gold imported by the Mint, and other papers; which
were ordered to be printed.
The Irish Arms Seizure Indemnity Bill was read a second
time, and committed for to-morrow.
The other Orders of the Day were read, and the House ad-
journed at Twelve o'Cloek.