Star.
London, England, 1826-02-21 00:00:00

ARMISTICE WITII THE BURMESE.

We are happy to state intelligence has been received
of an armistice having been Agreed on between Sir
ARCUIBALD CAUPSIELL and the Burmese. and that
negotiations have been opened in a way which leaves
little doubt of the termination of die ton in an amicable
stunner. This news is brought by the. Malcolm, which
left Madras on the 15th Oct. and brings accounts from
Rangoon of the 20th September. A Supplement to the
madras Governmext tio• Meer the 15th October, states,
that the First Minister of Ava had been senC.clown to
the 1-lead-quartets of oar Army to treatfOr pessi, and
that an armistice had Win agreed upoti, sOfch was to
continue until the 15th of October : on the 2J of this(
month,jap!setero the negocia:ors were to meet, each
attensied by s thousaul Men, and treat for mace, which
jai 14g/lk 464 Itattbop.► was consilered as cert.*in.
,; • •

iiikisisigth-tif the debate of last night leaves
us little space for comment. It will be seen Chat
the measures Ch. improving the state of the currency
are so modified, from day to day, as to meet the views
of those who look to practical Utility. Mr. Secretary
CANNING unequivocally stated, that, ever slate the
return to cash payments, the Bank ha.!, over and
over again, et deavouted to force a m collie currency
into circulation, but in vain. The gold returned on
them as fast as it was issued. This demonstrates,
in spite of philosophy, the fact, that paper corrency to
,4 great extent is indispensable,it► the manifold operations
of daily intercourse, in this great mercantile cuuotty.
Tice Bank is to be encouraged to establish branches
in count!), districts—their issues of small tio:es are to
be guarded by periodic il returns of the amount in
circulation ; and !And Llv►arooL expressed a bnpe that
the Bank would consent to the formation of Chartered
kinks in those districts in' which they should mot
have established a local agency of -their own. As
each char ter will, no doubt, be accompanied by a condi•
, tiun requiiiii.; publicity as to the amount of the issues,l
the combined effect of both will be, not only to supplant'
paper currency of doubtful credit. but to limit the cit.,
culating medium on the whole within such bounds as'
the state of mercantile operations may reader ilecesary,l
Those modifications are very great and evident Im-
provements, with which the measures now in progress
may safely go to trial—experience alone tats decide
whether they ate sufficient. But as the whole tut-
rency of the country is now c• ntempleted to be placed
in a state of vigilant supervision, chocked and guarded
by publicity, there seems every human probability that
while the quantity will not be very -essentially
diminished the quality will be decidedly improved—
and this seems all that the warmest friend to his
country could wish for. It► the mean time we lament
to say, that financial distrets has its no degree sob-
sided ; but we confidently hopq jital better times an
at hand. ,

This forenoon we receivedrAligentefae Zdhrng to
the 15th inst. containing intelligence from St. Peers-
burgh to the 23 of February; no mention whatever is
made of any execution either having taken place or
being determined on, although it is said a Committee,
of Inquiry has succeeded io discovering all the secrets
of the conspirators, and is to divide the guilty into three,
classes r--I. Those actually. guilty of high treason.
who vt.re. during the troubles, with arias in their