Star.
London, England, 1803-02-26 00:00:00

SANK OT !ARLAND MOTH.

Lord Lac Paid, that in confequence of tome
obfervations that had been made on a former day,
relative to the depreciation of Bank Notes in Ire
land, he wilted to have a return made of the notes
in circulation there. If it lhould appear that they
' had been ailed to a very large amount, it would
furnilk him with an additional argument to prove
that the reflridion on the Banks of both countries
' canted the courfe of exchange to be more unfa-
vourable to us than it otherwire would be. The
exchange between London and Dublin was very
unfavourable to the latter, and Rill more fo be-
tween Dublin and Hamburgh. There was a lots
of 17 per cent. in drawing bills from Dublin on
Hamburgh ; and only nine per cent. in Lordon.
He could account for this difference no other way,
except that of there being proportionably a greater
quantity of paper Circulated in Ireland than in
Great Britain. He then moved for an account of
the quantity of Notes i trued by the Back of Ireland,
fence the reariaion againfl payments ill cab, laid
upon it in 1797.
The Marquis of SLIGO took «canon to afire
the Houfe, that wh depreciation paper mo-
ney bad fuffered in Ireland, it was not occafitined
by any abufe of power on the part of the Bank
DireEtors there, than whom no men poread
more integtity and honour ; but was owing to the
paper iffued by Country Banks, in which that pan
of the kingdom abounded. •
The motion was then agreed to.
row•ace.

Lord AUCKLAND aid, that as he then fax in his
place a Noble Lord (Grenville), who, on a for-
mer day, had exprefied Come doubts concerning a
lkatement made by him, of the finances of the
country, he allied, for the information of that

Noble Lord, as well as of the t,Toure, that certain
might be laid
o n paperstke table.whch nHe fle:totibelnd
wmeonvte fovcher'y
thole
financial
Qatetnents which he had made on a former even-
ing ; and concluded with moving, that there be
laid before the Houle an account of the net pro-
duce of the permanent taxes for the lag i`hree years,
and an account of the duties on fu gar, the duties
on beer and malt, &c. during the fame period." Lord GUENVILLE expreffed his high fatufattion
at the honourable and candid mode of proceeding
which the Noble Lord had adopted on the relent
occaaon. It afforded him extreme fatisfaftion, that
an opportunity was to be afforded of entering into
a full.and fair invelligation of the financial Rate of
the country ; a fubjc& at all times of the higheft
importance, but deriving new intereß from the
circumßances in which the country was placed.—
Nothing, his Lordfhip obferved, could be more
gratifying to his feelings, than that the flatement
of the Noble Lord, refpeBing the financial re-
fources of the country, fhould be realized in all
their extent. But he could not help obferving that
he had confiderable doubts of the accuracy of that 1
ftatement. The permanent charges on the confo-
lidated fund had been Rated at 25 millions, and
the expenditure of the country at 24. This, how-
ever, was by nearly four millions inferior to what
he confidered the real expenditure, even under the
exigence of a peace eftablilhment, which made a
difference to this amount betwixt the ftatement of
the Noble Lord, and the real amount of the ex-
penditure. He was happy that the matter was to
be brought to an iffue, for it was aot a matter of
light importance. The real refources of the coun•
try ought to be afcertained on clear and undenia-
, ble principles, and it was not fit that it Ihould be
left to vague fpeculation to decide what exertions
we might be able to make in any emergency which
might occur. The time which the Noble Lord
had mentioned, he thought was hardly adequate
for that full confederation and inquiry which would
1, be neceliary to prepare their Lordfhips for fairly
and advantageoufly entering on the difcuffior. In.
Read of propofing the difcuflion at the time that
the motion was made for printing the papers, he
thought it would be much more agreeable to Par-
liamentary order that the papers should firft be
printed, and that a fubfequent day Ihould be ap-
pointed for taking them into confederation. There
was alto another point to which he begged leave
to turn their Lordfhips' confideratic In the
papers which the Noble Lord had moved for, there
was nothing by which their Lordfhips might be
enabled to compare the public receipts with the
public expenditure. But if the difcuffion was in-
tended to be concluded in a latisfaQory manner, it
was effential that they fhould be put in poffeffion of
every document by which a fatisfaBory opinion
might be obtained. He would therefore fuggeft
to the Noble Lord, while he moved for documents
to exhibit a view of the amount of the national
receipts, not to overlook thee documents which
pr efented a flatement of the national expenditure,'
without which, it was impoffible to draw any cos-
elution on the fribjett.
After tome obfervations from the Duke of Nor-
folk and Lord Moira, the motion of Lord Auck-
land was agreed to.—Adjourned to Monday.