Star.
London, England, 1816-03-15 00:00:00

BANE ADVANCE BILL.

The iintise resolved itbell into a Committee on the
Bank Adv:ince Bil. On the clause that 4 per cent.
orcrest should be paid on the six millions borrowed
iroin the Bank,

Mr. GRENFELL repeated his former statement,
and proposed as an Amendment, that no interebt
should be allowed.

The CHANCELLOR of the EXCHEQUER
said, the effect of such an amendment would be a
new arrangement with the Bark, and he put it to the
Honourable Gent'ennui, whether such a measure
could be advisable at the prt sent moment? The bar-
gain now entered into was more advantageous than
any which lad been made at a former period, and
OE public could not expect better terms now than in
other times.

Mr. 'IIIERNEY said, the murder was now out.
The Chancellor of the Exchequer, instead of making
a bargain which it might be in the power of that
House to rescind, made his bargain, and then said,
" You must not now undo it, because that would
throw the whole system of finance into confusion."
But we were bound to save the public ,11240,000 if
possible ; and though the Bank played well at the
game of brag, he trusted we should prove thestronger
party. The Bank would not throw away £2OOO
because they could not get £340,000. He (Mr. T )
believed that there never was such a bargain as that
now made, he thought that the Chancellor, with all
his goodness of heart, lamented in reality at having
been so gulled, and be called on his candour so con-
fess that he had been imposed r•n.

The CHANCELLOR of the EXCHEQUER
dexied thalo he had been imposed on, or had ia any
way disgraced himself f and urain,tained that the
Right Hon. Gentleman's argument proceeded en-
tirely on a fallacy.
Mr. BARING remarked on what appeared to him
the extravagance of his Hon. Friend (Mr. Grenfell),
in contending that the Bank, in return Lor a deposit of
five millions, was to make an advance of nine ma.
liens to the public. Estimating the public balance
it eleven millions, he would assert that at the re-
newal of the Charter the consideration of six millions
of these 'balances, then formed the general average.
This consideration consisted in the loan of three mil.
lions to the public, for a certain period, without line-
rest, and in the Bank lending the whole of their capi-
tal of ten millions cu the public, at an interest of three
per cent. He would asserts therefore, that there
were now only five millions of Balances tor which the
public were entitled to any consideration, and this
appeared to him amply provided for by the present
Bill. Indeed, in his situation of a Bank Direct°. ,he
thought that an extremely hard bargain had been
driven with the Batik, and, as a Member of that

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Home, that a very favoattile one had been rna''e
for the country.
Mr. BAN KES, nn the contrary, th nein th at ttle
course pursed by his Right H Friend, ti
Chaneelinr of the Etcheotter, had hope very iinfa,
rourable to the pnSlic. He haul no ..I..uht Alt his
good statute had been impsed -upon. in this bargain,
and thought that. ,it ar, inters'st of two p. r cent. had
been niferrd to the Rink, they wnsild have.assented
to it. His .iwn vie,4 was, that isektmeadment to that
effect sh.naill be ma le..and he n' tight possibly snake
a motion to tit It effect on'the brieginie up•of the re.
port.- In the mean time lie slinuld he clad km*
what his Right . Honourable Friend ronnced to do
resp-cting the unclaimed dividends in the bands of
the Wank ?
The CHANCELLOR of the EXCHE'.2UER
stoical, that what struck him as expedient on that
subject. would be to pay over the dividend, unclaimed
for a cocain p-riod, into the bands of 'tile .Commis.
sinners for the reduction of the National Debt, to be
by then] applied to th tt object—they at t!‘e same time.
being liable to pay thlse dividends.to such persons as
stionid make good their claims. it might be cnissi-
d•aed also, whether after a certain prescribed period,
these unclaimed dividends might not be regarded as
esche its to the country He the ught, however, that
these dividends slsoul.f not be taken, unless t!.ey' had
remained unclaimed during four Trailers. In esti.
mating the amount of these dividenes. it should be.
considered ah.,t Cie returns before the House included
all the unclaimed dividends up to the end of the cur-
rent quarter.

Mr. TIERNEY trusted that the Chancellor of the
Exchequer KuuLl claim in an authoritative manuer
the dividends which remained in the hands of the
13411 k. In the present aspect of the sentiments of the
Committee,' he would recommend to :is Honourable
Friend (Mr. Grenfell) to widsdraw his motion, And
propose two pee cent. instead of fuse, on the prin.
ciple of taking the half when he could not get the
whole.

Mr. S. THORNTON trusted that due care would
be taken to secure immediate payment • of dividends
to which, though unclaimed fora while, claims might
ultimately be ea:a Wished, otherwise some alarm might
be excited. He knew an instance the other day of
nineteen years dividends having bow paid nn a trust,
since which they had all that time been unclaimed.
Mr. SWAN was convinced,' tliat if two per cent.
were inserted' in the Bali instead of four, not Ali the •
power of the Direcors, not all the influence of Mi-
nisters, would induce the Bulk Proptimirs to accept
of it. . • •

Mr. GRENFELL withdrew his motion, after which
Mr. B,►4KE; proposed that three per e.-ot. should be
inserted instead offoir, which war tieg.itived vvithuut
The dther cittwes of• the Bill were L!.:•n vine
through, and the Report was,ordered• co be :cceived
to• mor row.

Mr. NEY =vet! fn. a Return of the E.timates of the
D'epartmems of t.ord Steward and Lord Chattily n, f. r :ye
year SlSt ?.; and al,o for an Account tqw the A .00,0 • ar..• ted
to h;s M4:sty last year, and not fornOry part of the oreioary
Civil Liit, had lied applied.—Ordered • •
. '1 L.- second reading of BMSVartoft!"Pistody postponed
to Monday.
Tile Heil:ten Elecion Bill was read a srst and seem' I Om*,
and ordered, to be prittud, and read a third thus on ,bis day
se'nnlght.

Mr. 1.U31-lING I'ON brouiht up an .itecount of the number
of the Coilec the ASJUICLI taxes is Scotland.
Aufeutoc4l at l'welve o'Clock,
•

A Cott t of C.,rnmon Council was held on Wednee.
day at Guildhall. The Navigation Committee pre.
seated a meson .or opposing theSouthwark 8-idge Bill
an the House -1 Lords. which was read And 'aired to.
The Committee for General Purposes delivoled in a
report, recommending 5U guhit as to be subscribed
as the gift of the Court, in aid of toe luads -I the
London Auxiliary National School, upon veli.ch
very long discussion took place,. an-1 an amendment
being made that £2OO only should be siibsc!ibed, was
carried. The Court resolved, that a piece of Plate, of
the value of 150 guineas, should be presented to Jo.
arms Lauti and Joust REAY, Esq-s. the late Slit.rdis.
in consequence of their having held over that i;t ice
much beyond the usual period. Mr. %Varna! or
gave notice, that he should at the next Court make
a motion that a Petition be presented to the House of
Lords against the Property 'PAX, and the immense
Militia., Establishment, in time of peace.

Boxisto—One of the bravest specimens of snanheind witnessed
for many years took ;:lace yesterday at Conhe Warren, in a '24
feet squire, for a subscription purse of ten guineas, hetweea
Oliver's Black, for whom there is at present no-other name, Lod
Bieuier, the Navigator.
Round 1. The Platt made play, and was rot:ragetsusly re.
ceived ; a resolute rally followed, and the N IvigatGr went Aiwa,
but neither had rec...ived auy material injory.
a A rally, in which the Black had the best of hitting. Fe.
veral severe blows were exchanged, and the Black Ned at the
mouth. Each rail ed until the Navigator we, thrown, and
strength was evidently on the side of the Black, who wa, backLd
at tt, to I.

3. The Black, with some impetuocity, want in and rallied, ptid
he Whs most manfully tecsived. A severe rally tiliuseed, and t'.e
Black ulthuately ran hi, adversary Juwn undo: the rope,.
4. A6other severe round, and the Navigator nhule some good
returns, but his action was awkward, and Ni a cluse the Black
again 'hewed seperior month.
5. After a smart rally Botcher hit down his adversary ; but it
was scarcely a blow w, ich would have &cid:4 the pulm.
6. 'I he Black much fait-fought dtis man in this rotind, but
many severe blows v....re exchangea:, aid the Naolga:or m 14/1•
from tenirorary weakness received a hit in going down..--6 to 2
on the Black.

7. In this round the Navigator turned the fighting, an! after
both had exhausted thetnae•ves bv tinting, the black was ctrafily
knocked down by a hi.Ew in the ducat-6 to lon the,Blat.it.
Thu ntcit determined fighting tollowed in the hex( *lateen
rounds, with considerable fluctuation.

24. Ancdh.ir haul-fought round; hut here It .was evident,
however the Navigator's game might prutrac• the Apt. he h. 1.1
no chance of winning bin by accident, as the Wads pes.ee,oed
equal game, more strength, best wind, and soma out hitt him.
Nineteen oth. r rountiN however. were Lravtly c4usede.l,
the Navi4ator's mettle often. 17410 hint tensi-mry advantages;
but he was at length taken off the ground by direction of the
umpires, or another round or two :ingot have proved dangerous.
In the 39th round the Black had his adversary smpeuded upon
the ropes, and he wailed away with tylifted brills when he
Might have settled the business in one hit: The same thing rc-
curred on another occasion in the fight, when the same geueri.i.s
feelitig was sitewn; not by a white, bat by a !stuck strait, trained
to our itat;ona) sports.— Ihe battle tasted 4/ minutes, anti 13
rounds were fought.
A more bravely contested battle never was fought, nor was
tb.r.- a stop attempted. The black is the itio.t cora.; l.,te t:.4
ever WV', and lit relied on his strength a. 1.1 tiaf ure. '1 ate navi-
gator is a selkaUght fighter never excelled. I.ike a wbool:Fiay,
ambitious of Mine, be has been kening among the tratetaity of
navigators until he has go' completely master of natural fniliting,
and with the assietance of science it would be &Scale Cu mid
above one or two in life Loudon ring who could heat him. Ike
black has challenged any white, anal sine will lead so some apart •