Star.
London, England, 1818-02-04 00:00:00

PEMBROKE YARD, 20.ru ha
THE COMMITTEE of a Society of
Mechanic's, Labourers, and others of his h
fulls Pembroke, do hereby give Notice, that of
the fish day of Febraory nest they will be re,
sealorrende, and treat for the Supply, until if
gnu next, of' from 41.5 to 555 Garons of W
pounds-and a half to the Gallon; and from 2,440
ions of Barley of five pounds and three-quarters
per wade. The Wheat of equal quality to the
Role', equal in quality to Norfolk seconds. Abc
of the quantity to be delivered at Pembroke Yar
der to be cltiliveied at Milford, to be paid far c

No Tenders will be received after
to be post-paid. JOSEPII CLU

ParztrAME,

'TARY PRDC

MUSA OF LORDS, FEBRUARY s. to
IPIWANCE.-.--RANK RESTRICTION. th
The Earl of LAUDERDALE moved for accounts It(
of the product of the Consolidated and of the Annual cc
Dud% for the years ending the sth January, 1811,
12, Silk 15, 16, 17, and 18, respectively ; also of In
the d'ettes imposed it these diffeleht yeses
tively ; likewise accounts of the amount of the public .3°,
debt, sinking fund, charges of management, &c.
from 1786 to the present period, distinguishing the r."
amount in each year, &c. all of which were ordered. 10
His Lordship then observed, that he had other t°
motions to make relative to the Bank of England, El
which had barn annually ordered. Respecting this la
subject he was aware that no information he could cl
move for would be sufficient for the consideration of 111
the great and important question that must be deter- tc,.
mined upon in the course of the' present Session. He It
trusted, however, 'that no determination would be a
come to upon that vital question, without the fullest ,_43
information being laid before the House that it was Ia
possible to obtain. He concluded by moving for ac- 11„T
counts of the weekly amount of Bank notes in circu-
lation in the years 1815, 16, and 17 ; the average
amount, the highest and lowest amount in each year, 34,
distinguishing the notes of different sums, the prices 9
of the public funds, the rates of exchange, the num- ti
ber of licences granted, and the issue of notes, &c. all t'
of which were ordered.
Lord KING adverted to the declaration said to 5
have been made in the other House of l'arliament
by a high authority, which appeared to hint to be of
the highest possible importance ; respecting which,
therefore, he felt it his duty to require a clear expla-
nation from a Noble Earl opposite, to which he was f
the more induced from the consideration, that the I
most extraordinary reason assigned might be only
the ostensible, and not the real reason. What he re-' t
ferred to was, what had been said by a Right Hon,
Gentleman on the subject of a resumption of cash
payments by the Bank of England, and the reason 1
said to be assigned by him why that most desirable
event was not soon likely to take place. The reason t
assigned was, forsooth, because great loess were. .1
going forward on the part of another country. If in I
former periods of our history, such a thing were to I
be said of the Bank of France, as that it had deferred '
making payments in cash, because certain loans were I
going forward in Germany or any other European
country. would not, he asked, such a reason or pre-
text be perfectly scoffed at ? As long as this country
remained without a regular currency in specie, there I
wouli, he must contend, be no certainty, no stability
in dealings or transactions of any description. If the
paper currency were still to be periisted in, all these
incalculable evils and inconveniencies which the
country had suffered for more than ten years, parti-
cularly in respect to the depreciation of credit, would
certainly again arise, and in an increased degree.
And as long as such a system should prevail,. soigng.
would it remain doubtful whether Government could
pay their debts, if they had not the means afforded
by such issues of Paper Currency.
The Earl of LIVERPOOL observed, he should not
think of detaining their Lordships upon topics which
were so far from being regularly before the House,
were it not from what he conceived a part of what
had fallen from the Noble Lord. He would, there-
fore, again repeat, that there existed not the least dif-
ference of opinion with respect to the policy adopted
in the course of the last war, in reference to a suspen-
sion of cash payments by the Bank. With respect to
the important consideration of the Bank resuming
payments in specie, he was always of opinion, and
had always stated, that it would, on the return of
Peace, be the interest, not only of the country, but of
the Bank itself, to return to cash payments with as
little delay as unavoidable circumstances would per-
mit. He would, however, say, that not only in his
declared opinion, but in the opinion of some of those
who differed from him as to the particular mode,
such a return was, from the necessity of the case, a
consideration of great and peculiar importance.--
Whatever reason may have fallen from any person,
the measure was to be considered with reference to
the particular time. Asto circumstances which may
fall out, they were what could not; generally speak-
ing, be taken into Calculation at the time, and which
could not be considered but with a regard to their
particular merits. With respect to the subject gene-
rally, he could only state that he had every reason to
say that he believed the Bank was fully resolved, and
had made every preparation that circumstances would
allow, for the purpose, when there was nothing in the
situation of the country, or in a view of foreign po-
licy, that should delay their resumption of cash pay-
ments, and of this he could assure the Noble Lord.
There may undoubtedly exist causes, or there may be
circumstances connected with the transactions of
other countries, which may make it a fair question for
political consideration, whether there may or may not
be an adequate reason for delay. What the Noble Lord
had alluded to had no influence in taroducing any
effect of the kind ; but it was still his opinion that
both the disposition and the interest of that Corpora-
tion,, as well as of the country, was, that cash pay-
ments should be resumed. Any thing that might hap-
pen to alter these determinations, viould evidently be
a matter of distinct consideration.