Star.
London, England, 1822-03-09 00:00:00

their wishes could not be consulted at all, and as to
`-..-r individuals whose stock was in the name of the
eunvral, he saw no reason for any ex-

ce,lion hi their favour.

Mr. ROBERT SMITH (of Lincoln) suggested,
that instead of so great a time being allowed for the
dissent on all Stock in the name of the Accountants.
General, those Officers should be allowed to reserve
those portions of Stock, the interests in which were
of such a nature as to require time to ascertain the
wishes of the parties, and that three months should
be allowed on those reserved portions only.
Sir W. DE CRESPIGNY urged an arrangement
with respect to the severAl classes, which required time.

Mr. LUSHINGTON moved the insertion of a elm" allow-
ing three months to Wards of Chancery, to signify their dissent
through the Accountant-General of that Court.
Mr CALCRA FT saw no reason why the extension should
be limited to property in Chancery. •
Mr. R. SMITH also objected to the clause.
Mr. MONCK said, if the Accountant-General was to be
guided sokly by his own judgment, he had no claim to any ex-
tension of time.
Mr. COURTENAY said, that the AcceontantoGentral dif-
fered from other trustees, as he mast be often ignorant of the
nature of the arm in which be was trustee.
The ATTORNEY-GENERAL. in answer to some observa-
tions, stateit;thit the Chascelist et the &chequer might, at the
application at the Attonsey-Gessrai, or et a esker, place a num-
ber of individash is same 4111116, anal than greatly diminish
the expense. He thought the Public might to have three months
time to deliberate on so important a ate. Ure—(Criel of Move D.

Sir W. DE.CRESPIdNY tald, be was• tinges tbr s Geo.
donut shred. and did not know wins dais was Awed bkn to'

;34
via
edlis6nt-
-11 IC-GSMARAL salk trustees would be $l.
and proiliWns Would be mode for that.
Or...IIIIIISUNGTON wished I e Mow whether they could
ascertain helms July let!!. to whom all the Steck in the bands
of the Acesameet-General really belonged? It was hopeless
that the Lail t' should decide that season. He wished
to know whether one dissentient Trustee ;Amalfi bind the rest?
The ATTORNEY-GENERAL said, no trustee could bind
the rest l mime they all agreed, no transfer of the Stook could
possibly mode.
Mr. LUbe SH INGTON admitted that two trustees could not
bind the third in ordinary cases,but Wawas a new alteration of
the wine of p
Mr. R. SMITH aid, unless the law in this case was changed,
they could sot obtain any transfer of the property.
Mr. LUSHiNGTON said, it was not intended to encumber
a Money Bill like this with new legal arrangements, but to bring
in another mrphnatery BM.
' Mr. R. SMITH said, the Public should he informed at once
of the Waldo's, cif Government.

Mr. W. WILLI AMS thought that the very intention of bring-
ing in an explanatory Bill, sheered the necessity for further time
to the dissentients.
Sir J. NEWPORT thought this measure should be completed,
and carried into effect at once.
Mr. WETHERELL observed that the measure ought to be
carried into effect in such a manner as to work the desired ad-
vantage to the Government with as little loss to the parties as
possible. If there should be a new war and new 5 per cents. the
loss, inconvenience, and mischief which attended this measure,
would actually undervalue and depreciate the 5 per cents.
Mr. DEN MAN understood the Chancellor of the Exchequer
to say, that trustees or executors were to remain liable for dif-
ferences. With a statement before it so alarming, the House
ought not to stir one step in the Bill until a clause was added to
provide spinet that diliculty. Why, the responsibility—if there
was to be a remoosihility—coadd not stop at the 5 per cents. it
would extend, in case of further reduction, to the fours. He
begged to object, too, in the strongest terms, to the system de-
vised for obtaining public decision. Now, dissent was to be
taken for mica ; and supposing Stock to stand in the names of
four trustees, and one of them (a lunatic or a resident abroad) to
omit dissent, the other three would be bound by his neglect or
refusal, and made answerable for its consequences.
Mr. LUSHINGTON understood the Chancelke of the Ex-
chequer merely to have said, that triune purchasing in their
own wrong were not entitled to indemnity.
Mr. MABERLY thought the time allowed to holders to
make their option ought not so be limited to so short a dike as
the Inds of klatch.

Mr. WILSON said, be perfectly recollected that the answer
of the Chancellor of the Exchequer to a question which be (Mr.
Wilson) bad put to hint was, that if parties purchased in their
own wrong, they mum take Ise consequences. The objections
which he had raised were not made in opposition to the mea-
sure, but because he wished to see the measure carried into effect
with the greatest passible benefit to all parties. •
Mr. R. SMITH said, he did not observe a clause in this Bin
which, he bell led, was to be found in all Stock Acts. He &mild
propose the insertion of the usual words, that the Four per Cent.
Stock be exempted from all taxes, charm, and impeoldons in
like manner as the Navy Five per Cent. Stock.--This Amused- ,
meat was put and agreed to.
On the Clause for limiting the period of option to the 26th
of March,
Mr. DENMAN moved as an Amendment; '4 That the time
be extended to the soth of March."
Mr. MARRY ATT said, sit had Imppened in his own caws
that be had been required by a trustee, who was residing abroad,
to purchase stock for the benefit of a minor in his (Mr. Mar-
rlslt.s) name, foe ibis abetting reason, that he might hereafter
sell the stock, if were necessary, without the trouble and risk.
of sending over a power of attorney to this country. He wished
to know whether, under these circumstances, be was bound to
express his assist or dissent by the Mb of Marek or, whether,
upon his makthg affidavit, es' 0.61 rye ache bee, the audio
.1131gbit not have an opportunity of expeledui his disswits in the I
same manner as if the stock Mood In bb tiers anael
Sir N IMPORT *edit thebeldieutafget be celled /
upon to, make their eleetiefta bet! look wets canted
•
through Paelkeesob_
Mr. LUSOINGTONapsed thetearrafeeMdtt
en etteenmeelepe 'bedew es.ltto be to ratty=
be coMesidelt ebm eppoetit* *M. *Toll tat envoi