Star.
London, England, 1816-02-17 00:00:00

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PitALIAMSNTART PROCEADAGS.

HOUSE. OP LORD% PERRUARY is.
Counsel were beard_ln ten inuation, and finally respecting
the Scotch Appeal Cause of " Henderson sad others o. Sir s.
C Glynn, *art. end others." Coneideratfon of judgment post-
On rho Appeal of " Mucklow • the Attorney-General,
Counsel were fully beaill. Judgment to be taken into conside-
ration 441 I 'palsy seat.
The Archbishop of Casual. took the oaiba and bis seat, as
one of the Irish ltepmentative Prelates.

The Earl of. Si. Cilium'''. (lat* Lord Estee) was intr..
ducal with the aregstonted thrtnalities sworn, and-took his seat.
His Lordship's supporters were the Bads of H4asowse and
HAILEWOOD.

The Earl of SHAIPESBURY stated, that he bad, in the as.
settee of a Noble Seeretary of Stare. so present a Copy of the
Proclamat ion hated by Lieutenant General Brownrigg, in March.
181 i, at Candy, in the Island of Ceylon, In pursuance of a re•
cent Address of their Lordships. • Tie document Was ordered
to lie on the Table.
The Naval Courts Martial, and the Obit Ditties Buls, were
read a second time, and ordered to be cominittid.
Adjennied dli half-pat t'bree o'clock on Meiday,
HOUSE OF COMMONS. .
Mr. Serje,wt nNSLOw, underetanding that the debate on
Monday was likely to be an adjourned one, poetponeil his notice,
which stood tor Malay ant, tUI Tuesday sensight.
Lord Gowen Indemnity ilk wrist through a Committee of
the whole House, the Report of which was brought up and
agreed to The BM was then read a third time and passed.
Sr JOHN.NEWPORT preisoted a Petition from certain
Etelthants of aterford, praying that the House would adupt
some means or Ihe improvement, of the Navigation of the Ritter
Sae. The Petition was referre' to a Select Committee..
Mr. COTTON presented a Petition for the repair of die Dub.
lin, Ratootkand Curragh Road. Referral to a Committee.
*Pedalos was presented, praying for a Hid to amend the
StNbd ad* Act.
•On the motion of Mr ABERCROMBLEs a New Writ was
ordered for the klection of a Member to serve in the present
Parliament for the Borough of Caine, in the room of Joseph
F4q. who h.is accepted the elk* of Steward of the Chil-
tern Hundreds.
Mr. CRANE presented a Report et the progress made in
clearing the Site for the erection of the New Post. Office.
The Exchequer Bills Bill for raising Bi iAtom, for the ser-
vice of tbrpressne year, was brought in, read a Btu time, and
ordered to be read a setiOsd time as Monday.
Mr, I.USHINGTON brought in a Bill for Pentinning curtain
Duties on Malt. kead a first time, and ordered to be read a
second time on Monday.
The Indigo Bill was read a third time and passed.
THE SANK ACT. •

The CHANCELLOR of the EXCHEQUER
moved the order of the day tor a Committee of the
whole House on the Bank Act r and on his motion,
it was ordered that the correspondence between the
Treasury and the &irectors should be referred to this
Committee.
On the question that the Speaker should lestie the
Chair,
Mr. GRENFELL, after some observations on
• the great amount of the unclaimed Dividend: in the
hands of the Bank, asked the Chancellor of the Ex-
chequer whether he meant to propose- any new ar-
tangemeot on this subject. t
The CHANCELLOR of the EXCHEQUER
did not think it possible to make any arrangement
on this subject, which would be any considerable
saving to the public.
The House thetrresolved itself into the Committee.
The CHANCELLOR of the EXCHEQUER,
previoucto moving the Resolution which he meant
to propose to the Committee, went into some details
relative to the situation of the Bank with respect to
the sums advanced by it for the publiC service. He
observed, that the profits( which the Bank derived
from the deposits of, public money, would be mate-
rially decreased in consequence of the peace. Re-
fining to the correspondence which had taken place
between the Treasury and the Bank, he stated, that
no disrespect was meantao the House, by this inter-
ference on the part of Mtnistirs in
.a matter which
was at the time the subject Of deliberation in Parlie-
. ment. An advance was at present proposed to be
made by the Bank for the public service, to the arnqnnt
of £6,000,000, at the rate of 4 per cent.—Comparing
this rate of interest with that at which money was to
be procured in any other way, he calculated that
it would be a saving to the public of seelo,ooo.
The Right Honoerabre Gendeman then expatiated
on the advantages of refraining at this time to press
upon the money market by a loan. %Veil informed
men, who had accurately calculated ir, stated, that
it nu loan was made for three years, the effect veoulit
be to support the public credit to such an extent, that
the 3pe cents. would rise as high as SO. But sup.
posing even that they rose to 75, the effect w6uW
be, that, in the space of time which he bad mon.
tioned, there would be a saving to the public to the
amount of £2,000,000. The House knew how much
the capital of the country had been drained by the
increase of the public debt within the last few years.
It wits now necessery to remedy the evil ; and by the
proposed arrangement, in two years from this time,
at least 28 minium; would be added to the capital of
tie country by disbursements from the Sinking Fund.
By refraining from a loan, the best chance was given
to the country to recover speedily from the distress
under which it at present laboured. He then entered
into a discussion of the important advantages to be
derived from. the Sinking Fund, which, when al-
lowed to accumulate for a- number of years, causod
such an increase of capital as 'vas not to be obtained.
by any othermeans, and as sometimes even to pro-
duce a temporary inconvenience to the.pehlic by its
amount, treks, laid out gradually. As to the sum'
which it was now professed that the Bank should ad-
vance, it had been deubttnt to some Gentlemen whe-
ther, in the present state of its affairs, it could afford
• so much as was required. But when it was consi-
dered, that of £21,000,000, (the amount of, the di-
minution of the untundedalebt made within the last
year) re16,500,C00- had been employed in diminish-
in'g the amount of outstanding Exchequer Bills, of
which so great an amount was held by the Bank, it
would be allowed that the advance to the public of
the sum which he had mentioned, could not occasion
any inconveoience. The Right Honourable Gentle-
aaan then recapitulated the statement which be made
on Monday last, as to the state of the Finances. In
addition to the a 21,000,000 of the unfunded, which.
bad been paid off as he had mentioned,. there was as
much snore pad up of the other arrears of debt ; so
Alt on the whole, in round numbers, not less than
from A 41,000,000 to A 42,000,000 had altogether
been paid off last year. The total of the grants of
- Fatt par was about £$3,000;000 or refee,oo%ooo, of
whicl not above .one-balf had been required for the
services of the year, which had enabled Government
to by out the remaleder in the redaction of debt.
TM, Was eertainly a very consolatory statement. The
total tspencts of the present year were slt estimated