Star.
London, England, 1813-07-03 00:00:00

CAPTAIN DACREL

Lord COCHRANE presented a retiti'm from
Captain Dales, stating that l;e had inventua a mode
of rendering wood fit for the use of the N ivy w.thottt
the esdal process ; and praying that the utility of hid
invention might be inquired into.
The Petition was brought up ; was ordered to lie
on the table; and
Lord COCHRANE gave notice that he should,
on Monday, submit to the consideration of the Housq
a Resolution on the subject of the Naval Service.
Mr. ROSE begge.l that the Noble Lord would be
more spebific as to the nature of his m,,tion.
Lord COCHRANE said, his Resolution shoult/
go partly to the limitation of service. and partly te
the Temuueration for lung services.

FINA N4AS It V4OLUTIONS.

On the motion of Mr. TisttNav, after a few wordy
from the CIIANCELLOR of the Exenctn::.-At and :Ir.
FfusiusoN, the debate on the llesointioro
was tbsidertood to have been gone into trofvrms, and
the further debate was postpon..d till Thin slay neat.

EAST-1 NDI A SILL._

The House having gone into a Committee on chi.
Bill,

Lord CASTLEREAGH said, they had slots- come,
to the Appropriation Clause, as it was called, and us
the contrind given over the Company's Affairs at
home and abroad, as to which he perceived a misru.
prehension prevailed. By the intioductiun of twf;
claim's, however, which he bad now to propose, he.
hoped the objections on the part of the Company
would ba done away, and also that a better ono
would be drawn between its territorial and- corn-
' me, cial transactions, by wlech they woold be incl..:
clearly defined, and disiinite the one front the other.
—One misconception wlfch,prevaited was tine, that
as now, for the first time. a controul over this
fund was given to the India Board, it was wished
to t,,ke the appropriation of the one million out of
the hands of the Company.— This, however, was
niciely imaginary. The country had so yleat a re..
venue here at stake, that there could be no ft ar of
their making any objection to the most advantageous
arrangements which tfe Company night have to
prrpi,se. To do away any doubts, however, on this
' selject, he had two clauses to prop.,se, by the first of
which it should he provided, that such sums as the
Company; in cne year, paid out of their commercial
funds hoe for political purposes, should, in the tol-
-I,wing year, be drawn out of the political fund iit
India, and applied to commercial purposes.
other clause v.oold go to this, that the political ex.
pences of India not fall a hordea en ihe com-
mercial in E;ircre till tl,e ,Ivid‘nd was in the
fits: place ;411,W C.c.: pi-„videel Mr, and then thar.
the funds in k.t.p.o2e she old LI into or.- ecetinion
miss. Thus as v.pisinunity would be affoteled of
timing whether the Company traded to loss or profit.
It had been said. the Company shou.d have a goal
rantee against 1-ss,---he Casderesigh) was
agaiilst mat, it welt to pit the Company in a si-
tuation not Lousittent with their conuneici,l ci,arac-
ter.—Their d vidend be:ng St*Teti aguinst tlf. poli-
tical trustsactions in vat was all the gull antee
to which they v.-efe enti.leo.. Tits was the ioneral
outline of the clauses should up, at,d he
should move, in the course ut the evening, that they
be printed.
Mr. TIERNEY had one question to ask, supposing
alter payment et the dividend, the commercial pro,
tits should not be sufficient to dischwge the territi.rial
engagements, from what fund were sut.li engagement..
to be paid
Loud CASTLEREAGH said, the funds in India
would be sufficient to discharge the eugagements
there. He piestnnetl the Company would not hp in.
cloud to hold out that diet.: were nut funds in India
sufficient to pay the debts in India.
Mr. R. smini was afraid that this fund might
be absorbed by wars in India.
Mr. ROBINSON objected to the commercial tuna
being subject to the appropriation by the Board of`
Controul, being in that manner liable to be applied
to the payment of territorial engagemeots.
Lord CASTLEREAGH rep.ieu, that he did not
think the Hon. Member had argued the question very
solidly, for it was one of equity, as to the taking the.
whole of the funds, and not founded upon a distinc-
tion of territorial and commtrci.tl fund.

Mr. TIERNEY supported the views of the Hen.
Member (Mr. Robinson.) 1-ye was not prepared to
suggest what kind of remedy the case required, but
be was decidedly of opinion :hat some remedy ought
to be provided. He wished that the Company should
be secured from the necessity of occasional applica-
tions to Parlidnent for relict ; and he thought chat
their surplus revenue should be appropriated in such
a way as to secure the divi,:eild to the Bond-holder
and t'roprictor, and to enable them (the Conipauy)
to meet their tetritorial engagenients by sureilying
the deficit of one yi.Ar irom the excess of an adt r.

Mr. C. GRANT, sat. argued on the same side.
L. rd CAS TLEREAGH denied that the coin-
meicial profits of the Company were to be applied
solely to transactions in which their interest was con-
c.-riled, and mitt tided, that die public had an interest
neared by the boon of the China trade panted t;)
the Company, in the protits ot that trade. now
prisht) were not to be given the Company as com-
mercial profits, but were reserved as applicable to
general purposes of the Government of India, and in
the management of which Government And the pub.
lic had an undoubted interest.
Mr. TIERNEY wished to obtain from the Nubia
Lord a distinct avowal ot what was to be the appio.
priation 01 the Company's surplus revenue.

Lord CASTLEREAGH said it was not judi-
cious in the Company to ciaim aid tor A case w 11,4/
never had been exemplified, viz. when .he Chula
and India Trade sh,.ui..l not produce d st.fficiency. to
pay the dividend. Thu China Tr. de. to ~c ul.l not
with proprieti be termed the property of the C m-
p .ny. The Company would :int, o) the clause a 5 tt
stood, be burdened by the bills of exchange.
TLEOLX said, the eutagay culy clued