Star.
London, England, 1824-03-12 00:00:00

that this important transaction was not deserving the
character his Noble Friend had given it. Had he (Lord
Liverpool) been the Minister of Austria, he should, for
the interest of that Empite, have advised the payment
:Apart .ss‘alie debt; and he wasyersuaded that nothing
bad operated more in.fAvour of the credit of Austria
than the measure she had taken for liquidating the loan.l
The proceeding was highly ham:ix:able to the character
of thelMpetor of Austria, and had placed him upon a
fair footing with the most illustrious of his-predecessors
upon
.the Imperial Throne. While saying this, he
equallYielt that the Minister of the
.Emperor in this af-
fair was entitled to distinguished credit for his advice ;
and he.(Lord Liverpool) should do unhandsomely, and
be unworthy of the situation he himself held, Were he
not-distinctly to assert what he really felt upon this sub-
le' With respec tto the application of the money pail!'
an account of 'the Loan by Austria to this country, it
bad beenintended, as he before said, to have carried
(Ile Whole to the Consolidated Fund ; but in opening the
FinainCial Statement, it remained to be seen in what
qtioner relief could be afforded to the country. Whe-
ther the measures which had been taken were Tight, it
ks:iitildbre premature to say ; but they certainly haa been
taken with a view to the benefit of the Public. It re-
sulted from the increasing prosperity of the country that
there remained a surplus fund available for some
.spe-
cial purpose ; and it was fronsthis very fund that money
had been allotted for the furtherance of the Church.—
With respect to the repairing, or rather the restoration
orkVindsor Castle, the expense mug otherwise have,
been taken out of the Civil List or defrayed in theordi-
nary way; and therefore there Was nothing so unnatural
in this particular. It was not proposed to build, it
should be observed, a- new Palace, but to rePair an ob-
ject peculiarly interesting to the country. He really
could not see any ambiguity in the proposed Act. He
thought that the Noble Lord had taken an unfair view
of the conduct of the Emperor of -AuStria, from whose
good faith, political firmness, and most honourable feel-
logs this country had derived such benefits.
Lord KING endeavoured to ridicule the whole trans-
action, by observing, that the Emperor of Austria ,bad
been literally sued, as promised, it: his own Court, and
that the law expenses had consumed the principal. In
such an action, where it was /14 a. horralor, and
which bad lasted for twenty years, we had two. he,
thought, fortunate in getting • two millions and a bar'
out of six millions and a quarter. It -probably so hap-
pened that this kingly cause had been heard, re-heard,
considered, and re-considered ; that thereupon the Court
took the impels home to invect them, but lust them ;
that the Court had a r efresher; thatjudgmeot was appoint-
ed at I rst,,bttt deferred, and again deferred, till at, length
came the decision. The wonder was, after such a pro-
cess, that anything was left for the petitioning creditor
in the bankrupt's case.
The Earl of ABERDEEN begged their Lordship, to
reflect that the first Loan that was granted was of pa-
ramount importance, to enab7e Austria to move an-
army to clear the Netherlands of a breech ermy then
occupying. So desirable end British an objett was it
considered, that he shiold. have pieferred the subsidy
to the Loan. Whets the war :ass renewed, and Austria
received a fresh subsidy in '1866 and another in 10Q9,
tho.c later trassactiows virtually, though not pora)lYa
freed Au>nia from her obligations as to this loan, so
strongly was she urged to enter into the war. Austria
had since been twice a bankrupt—(d Lough from Lord
Holland). The Noble Lord might laugh, but the coun-
try had been twice ravaged by a hostile army, and her
resources w ere destroyed for the time. In 1816, Aus-
tria adopted a more solid pian of finance than she had
previous! v done, and published a list of her debts; but she
did-tot in that list allow the English debt, and if it had
been meant to have been claimed, that was the rime to
have dime it. Much had beetl said-of the Emperor of
Austria being seed in his own Court ; if he had, he
mighthave'given a dechion against himself, but if the
cause bast been tried here, he doubted whether the coun-
try. Ould recover the debt, having virtually given it up.
With regard to thp.amotint to be paid, (Government was
0 look to the ability of Austria, not to her Will, and if
;more had been demapded she could. not have paidlt.—
flesiges, Austria did not receive abave three millions of.
the original sum granted by England, •in consequeucc
of the course of exchange and other cause:. This loan;
so entirely advanced for 13:itish interests, was expended
under the inspettion and superintendence of British
Officers, and every shifting of it was expended in this
object of the v ar. Noble Earll coocludvd by hoping
that the public mbellishMersts of the country would.be
superintended differently to what they bAbeen, as thkre
never was a greater• portido of architesturattalept thaq
at pre',..ent.
After a few words from Viscount Cprii•xx, Lord
Et.t.nparruotr, and the Earlof DA It N Lroc, thei)lll was
read a third time and pissed.—Adj. at SeVen o'Clock.