Star.
London, England, 1822-02-16 00:00:00

not tell what waa the real system of the Rtver.ue. or wiLat
was the real overpass amount of It. For himself, ha had as
doubt t►at from eight t ten nth might be taken off the
public burdens. Be was quits sure that Govsestenent add not
carry Its sebssnes into execution.
The motion of the Marquis of Lownounnwr was then agreed
to, and the House.adisorned at Two o'Cues.

TH 14N ENING STAR.

LONDON.

SATURDAY, FEBRUARY 16, 1322.
sirocx EXCHANGE, TEN O'CLOCK.
At an early hoer this morning the Stock Eachange was shed.
and nearly the whole of its Members were present. A number
of private bargains were made before the Market gamed; bat
as soon ss the deck streak ten, a great bustle sad confusion
seated, and the ittensadons were from Mk to 4, with an im-
mense quandty of holiness transacting in the 5 per Cents. which
are 1041 to le&
ELEVEN O'CLOCK.
The beak still condones at at the first opening of the Mar-
ket, and great purchases hare been made by an eminent Broker.
The 5 per Cents. still continue w fluctuate from 104 e to 105,
and Long Annuities to 214.

ONE 0' C LOCK.
The public expectation has been disappointed, and the Minis.
ter's plans have been over-rated. A Sinking Fund of Five Mil-
lions sterling, it is supposed, will not much improve the Funds,
as speculadons have been made upon the presumption of an ef-
fective Sinking Fund of Eight Millions. The Navy 5 pee Cents.
are 1041, and are heavy at that price.—The business done last
night in the lobby of the House of Ccenmons, Is said to have
been very ester.sive in Consols. at 781, strong buyers.

CURRENT PRICE'S:
per Cent. Reduced 78% 79 78%
3 per-Cent. Consols 78% Vi 1/a
31/2 per Cent. 89%a s/8 —4 goy Ct. 99% 9814
5 per Cent. 105 10414
Bank Long Annuities 20 1.16 14
India Bonds 755. 765. 745.
Exchequer Bills of 1:1,000. ss. Gs. 4s.
Ditto small 6s.Bs.prernium
Consols tur Acct. 78% 1/i

In proportion as the public expectation was excited
by the proceedings in the House of Commons last
evening, in that proportion will it be disappOinted.
When Mr. BROUGHAM, a few nights ago, called for
an inquiry into the state of the country, the Marquis
of LoisnosnEolty begged of the House to wait %t►til
last evening, insinuating that l►e would surprise the
Members with the statements he would make of the
plans of Ministers. We believe the Noble Marquis
kept his " word of promise to the ear," but to them
only; and, without following the Minister through the
whole of his details, we may venture to affirm that
they are fallacious, and will disappoint the country.

Reductions in the Estimates have been made since
last year, amounting to neatly two mil ions; these are
principally in the Army and Navy. There are, how-
ever, two charges to be provided for " on their ow•n
merits," as the Noble Marquis says. Admit it; they
Are to be provided for, and are certainly no trill s—
namely, for I►eland, £330,000; for Greenwich Hos-
pital £320,000. This makes a tolerably large de-
duction from the two millions of retrenchment. '

The next proposition of the Minister, which was
to commerce immediately, was a negociation for the
►eduction of the interest of the Five per Cer ts. This,
he said, would produce a saving of £1,1.20,000; and
this it was intended to apply to the repeal of the
%lalt Tax. Ile proposed next, that a Loan of four
millions should be issued to the Agriculturists, on
security ; which sum is to be advanced by the Bank
on Exchequer Bills, bearing 3 per cent. interest—llls
intention is also to revive the Agricultural Commit-
tee ; and he hinted at some alteration in the period
,when the ports should be opened for the importation
of foreign corn. The other points in the speech, of
the improvement of the Revenue during the last
year, though important to the country, entitle the
Ministers to no thank. If, therefore, we examine
the whole expos; fairly, we shall find that an aboli-
tion of taxation to the amount of £1,400,000, and a
reduction in the public expenditure of about one
million and a quarter, are all that Ministers even
propose for the relief of the country ; if, indeed, we
except that notable project which, after being scouted
by the Gentlemen of the City, and laughed at by
everybody, is still adhered to by Ministers, that of
lending money to the Agriculturists.

Four millions is to be advanced to Landholders and
Cultivators, the repayment of which is to be secured
on the Parish Rates ; the advance, which is not to
exceed one year's assessment, is to be for a period of
four or five years. Admitting even that capital was
wanting for agricultural purposes (which we on.
hesitatingly deny to be the case), this plan would
afford no efficient relief; it would run every Parish
into debt, and the distress palliated this year would
return with increased force in the next. But, first,
as to the distribution of this money, the very offer
of which is an insult to the landed interest, Com-
missioners are first to be appointed to see the
money is properly distributed, and that sufficient
security is obtained ;—secondly, a Parish Vestry
must be held to take the business into consideration.
When the promised loan is obtained, it falls into the
hands of the Parish Officers for the time being—men
who are elected annually, and who, in its distribution,
are likely either to squander it extravagantly, or to
dole it out in a very partial manner; but no matter,
it may be said, the whole parish gives a joint secu-
rity; yet this very circumstance will prevent its
being of service; for the really necessitous farmer,
to %% horn the relief from the poor-rates for one year
might be an object, will never get a shilling of it—
i his security will be rejected by his brother parishio-

gers, sl» are answerable to the Government fo.
the money.
The Noble Marquis says thi (money will be lent to
carry on public works. His Lordship is not aware
that foe every public work of necessity or utility
money can alwiys be found in abundance; and were
it not so, it would be but a bad policy to engage
parishes in expensive, perhaps useless projects, by a
loan of money. Parish Officers have seldom been
suspected of economizing the money levied on, and
watched over by the parishioners; but let them once
ger a loan in their hands for four or five
_years, and
they will find no difficulty in its application, or rather
misapplication, to such " public works" as may best
contribute to their own particular interests.
We now take leave of the subject for the present;
but when the Returns moved for by the Marquis of
LONDONDERRY are laid before the House, we shall
be better able to judge how far the public interests
have been consulted in the reductions already made,
and shall then return to the subject.

The French Papers of Wednesday have arrived.—
They contain the report of a debate in the Chamber
of Deputies on the Law Project for the Police of the
Journals. A number of amendments were proposed
on the first article, all of which were rejected, and
the article was finally adopted at the close of the sit-
ting of Tuesday. In the course of the debate, Gene-
ral Foy .yras called to order by the President, for
stating " that unconstitutional Electors had produced
an unconstitutional Chamber." The General repeated
his assertion, which he stated to be founded on the
indisputable fact, that " the Charter required only a
qualification of three hundred francs for an Elector ;
but that more had since been required."
The foreign intelligence in these Papers is very
scanty. It was reported that the Spanish Cortes had,
rejected the projects of law, presented by the KING,
on the Press—that all the Ministers except one had
re igned, and that Madrid was in great agitation.—
To these reports we give no credence.

It is rumoured that want of subsisteuce has forced
the Ottoman army to evacuate Moldavia and
and that, concentrating itself behind the Da-
nube, where it is supported by the fortresses, it pro-
poses to avoid the impetuous attack of the Russian
army, if it should pass the Prutli.
It appears that the Prince of PERSIA still continues
offensive operations on the side of Bagdad.
French Funds.—Feb. 12, Five per Cents. 89f. SOc.

At a late hour this forenoon we received the French
Papers of Thursday last, by express. In the discus
sion on the law respecting the Press, in the Chamber
of Deputies, on Wednesday, M. CASIMIR PERRIER
proposed an Amendment, that, during the Session,
the Government cannot refuse permission to establish
a journal to any individual whose application shall
he supported by fifty Deputies. This was rejected
after along and violent debate. Several other Amend-
ments were proposed and rejected. The debate was
adjourned. The following are the only ankles of
foreign intelligence worth quoting: