Star.
London, England, 1826-11-16 00:00:00

JUNE 1.

We are happy to learn, That the pressure upon the
'oney marktt in Calcutta, has, within the last day or
'two been much alleviated, and that appearances indi•
-tate a speedy return t r a balance, between the demand
for and supply of cash. We are not disposed to consider
the ternp,rary scarcity of money here, as analogous to
'that whit% has prevailed at home. In England there
has been a run upon credit, which being staked too
deeply in ventures of uncertain and remote return, was
compelled to collect resources at any cost, and often
',Without success. Here a Certain sum of money has
been wanted for a transient purpose, as Indigo advances,
or the purchase of Opium, and it was not be be pro.
Cured to the amount required, as it was not in the
'market. The primary cause of this deficiency, is the re•
duced importation cf Bullion, which there is no doubt
• bas been for the last 3 or 4 years greatly contracted:
-it the same time, the public exigencies have compelled
theGovet nment to become a competitor to an unusual ex-
lent for the quantity imported, and the demand has aug-
mtnted,whilst the supply diminished. That there has been
also a drain of Bullion for the expenditure of the Upper
Provinces, may be admitted, but we question, whether
it has been extraordinary, or more than should at all
times be calculated on. The Western Provinces de-
pend urn Calcutta, chiefly, for their supply, and when
we consider the course of trade, the extent and improved
-condition of the population, and the propensity of the
natives to hoard money, or convert it into ornaments,
we reed not be surprised at the existence of a great and
growing market for bullion in Upper Hindostan. This
dtmand alone is sufficient, we think, to keep the
money market of Calcutta always at a low level,
and when the decrease of the importation, and the
public deductions from its amount are considered,
we conceive that the insufficiency of disposable cash
to meet the demand upon it for mercantile pur-
e rte, is very satisfactorily accounted for. The chatter
of the Bank necessarily restricts its power of being ser-
viceable in these cases, and its issues cannot keep pace
with the want of accommodation, when a scarcity of
money prevails. As, however, the public expenditure
Mill speedily return to its ordinary scale in tranquil
'times, and supplies of Bullion ftorn one quarter or
other may be looked for, we cannot doubt that the mer-
• cantile community will soon cease to suffer any incon-
venience. In the mean time, we understand arrange
men's ate under the consideration of Government for
-affording s em adequate assistance.

IMPERIAL PARLIAMENT.

HOUSE OP LOItDS, Novssisca IS.

CONFIRMATION OF Slit COMMONS CHOICS OR A !MAKER.

At two o'clock the Loan CtIAN-escLon, the Duke of
WELLINGTON, the Earl of HARROWSY, the Earl of
SRAPTISEURT. and the Earl cf LIVERPOOL, took their
seats, as his MAjestirs Commissioners, to express his
MR./Mfg approbation of the Speaker chosen by the
Hou•e of Commons.

The Deputy Usher of the Black Rod was sent to sum-
mon the Commons to their Lordships' Bar. who soon
Afterwards teturnt.d, ushering the Right Hon. COAIL
MANIMUI SUTTON, and a considerable number of the
Members of the House of Commons. The Right Hon.
'Gentleman adianced to the Bar of the House, and ad-
dressed the Lords Commissioners as follows :

" MT 10111)S—Ia obedience to his Majesty's commands, his
faithful Commons have chosen a Speaker, and we appear here to
report to his Majesty that their choice has fallen on me. My Lords.
I am well aware of the great difficulty, dignity, and importance of
*die situation I am chosen to fill, and of the many imperfections
which belong to myself. But should his Majesty be pleased to dis-
approve of the choice, his faithful Commons will have no difficulty
• In selecting some other Member better qualified to fill so difficult,
digisified. and important a situation than I ana."
To which the LORD CHANCELLOR replied: We
-are commaneed by his Majesty to inform you, that his
Majesty is fully sensible of your great zeal for the puha
sea-vice, and of your tried and ample sufficiency,.and
his Majesty nr.:st readily confirms the choice of his
?faithful Commons.
• The SPEAKER then said,

' my Loamy—With all gratitude and respectfulne as, t submit to
his Majesty's Royal Will; and it now becomes my duty, in the name
•of the Commons of Great Britain and Ireland, to lay claim for
them. by humble Petition, to all their ancient rights and privileges,
snore especially, to the privileges of freedom from arrest, both for
Themselves and servants, to freedom of debate, and to have free
access to his Majesty whenever occasion may require ; and they
Timber claim, that at all times, the most favourable constructioa
may be put on an their proceedings. Should any involuntary error
at any time occur. I beg that his Majesty win attribute it to me, and
set to any wrong intention on the part of his faithful Commons."
The LORD CHANCELLOR replied ; We have it
in command from his Majesty, to inform you, that his
Milieu,' readily confirms to his faithful Commons, all
their antient rights, liberties, and privileges, to the same
extent they have been formerly granted by any of his
Majesty's Royal Predecessors. With respect to your-
self, Sir, accepting such assurances, we are commanded
by I is Msjes y to inform you, that there shall be put on
wl the voids and actions of his faithful Commons, the
must favourable conbtruction.

The Commons then withdrew.
The Dukes of ATINAL. NOILTNUMIRERLAND, and GRAFTON ; the
Marquis of Seteseotty, Lords Mean, Etzesnioaouou, and Sates*,
and several ot►er Peers, took the oaths and their seats.--Adjourned.