Star.
London, England, 1816-02-14 00:00:00

PPIP"'"--•
- ,
Mill& 'the eitatiy mots
is
t, die flint of England _a sum o 11420,000
riawn for x.setvfce wpiCh ' any private banker
roil,: glad to perform for, the film of 05,000 a,
tr. The service was simple and limited in
odious unjust and disgracefulit that such lie
" • sum should be • paid for . Unle
tr
ow of rigid economy was adopted, it would
bupossible to keep our faith with the
ar•1786 the B ink Orectors required no More
M getouts j6OOO a.year for the charges of Manage.
it. They then thought that the sum of £i3Gl3
thalion was a sufficient compensation for manage-
!
pr. Notwithstanding this, Mr. Pitt allowed them
050 pet million. At a future period, 1797, the
once Committee suggested that the charges of
krugement ought to be lessened. The number of
'irks hid been increased to 197, and all each
'id, 1170 a year, with the expenses for building,
lemon ut 1138,000 was fully sufficient for the whole
med expense. The increased profits of the Bank,
a, were considerably greater—the present
The Bank
on; of the charge Was Jertspoo.
made an increased charge for every new Loan.
er Valflo.llS other statements, the Hon. Member
eluded with moving—
, nee a Select Committee be appointed to Inquire into the
entered Into between the Public and the Bank of
and to consider the advantages now derived by the
with a view to such arrangements as rnight be conducive
tieloblie service, and to report their opinion thereon to tie
fa/CHANCELLOR of the EXCHEQUER,
• he felt it impossible to agree with the motion, as
• unnecessary and dangerous ; it was uoneces-
,because 'the proceedings' which already existed'
the Government and the Bank precluded
nee arrangement. It was his intention, in a.few
to lay some propositions respecting the Bank
the House, ands therefore, he should be brief
what he should now say. But it never could be in
theternplatiou of the House. or of any man, that
!public should participate in the prifsts of the
i—profits that merely arose out of their private
as, and he never could agree to any such

•

te

--
le yr,

"4+ a

edaii

keit-

Xll

iss a

t doi
et 1

ly Oib
doe
InW

to :I,ank
..

r it 1
heti J
wets

I 411
LTC I

'lir!
or,

• :;

X;.).t.r,1

tio

AO I!

O*J

in 0!
sort•

~J

....-a
1- I
&
ail'

Id wl,

• 44171

/litre Mr. GRENFELL declared it never was his
~tst' ir to proposeany participation in. the profits
tithe Bank on the part ot the public ; but if this was
obeteme a permanent system, it would be fit that
oh a participanon should take place hereal ter.
The CHANCELLOR of the EXCHEQUER
missed; and contended, that no possible good could
Wig /KIM die appointment of a Committee. At ano-
lber rood he would go more fully into AIL the parti-
als:solo at present he thought the adoption of a
Camino *mold not answer any one good purpose,
sta would, in many instances, be dangerous.
Mr. BANKES supported the motion.
M. BARING said, that the Honourable Member
*hemmed the cpiestion teemed to have taken a view
elf d the hefts of the Bank, and even those he
keimatediedi greater than they really were, witti-
est . locoosideration the advantages which
de • ved from it. He then enumerated
of loans and other accommoda-
rimßank had granted to the country
3.. Es
It was also to be recollected
dlitillf *NNW part of the silver currency of the
soir4inimmot at the expense of the Bask. It
lid Ilkieriee during the Peninsular war, afforded
littnutiewunodation to the Government by Loge.
ispdinelgold coin, and had given guineas at 21s. ,
eves It times Olen the price of bullion was excee-
deifylftgb.' He thought the. measures which the
Member had suggested ieere severe to-
the Bank, for though the balances in their
at present were considerable, the:time was or-
., . when they would be much on the decline. He
ore felt it his duty to oppose the Committee.
Mr. TIERNEY declared he. had never heard a
• dear and candid explanation of so complicated
subject thin had been given by the -Honourable
: tithe qu,estirm. Oa the general principle of
.my, he would cor.,end that the Committee was
' ... , for if any thing could be saved,• it was so
~ saved to the Public, and therefore a matter of
.Ne necessity to inquire into. " II," continued
Tierney, a a man were to make a steam engine,
to thatge only for his labour and a profit on his
trials, it would trot be considered unreasonable ;
if, at the same time, he Were only to charge
his labour and materials,bui for the savids which
be made in herses,"acc: few would thin!: it a
~ 'able speculation Jai employ hirn.—(//esr, hear).
Bank had laboured for the country, but it was
•ft that atcaunt they should receive a reward
disproportiOned to the services they had ten-
ed."i He defoided the Honourable Mover from!
thsrge ti wishing to make the country a partici:,
• in the profits of the Batik, and concluded by
,ing for the motion. .
tord'CASTLEREAGH contended against the
• ty• of the Committee, and observed, that the
of the Bank had been too much overcharged.
Ilk PONSONBY replied to Lord Castlereagh,
Itapperted the motion. •
Mr. MARRYAT defended the necessity of gm' g
•. a Committee. '
Mr. MANNING opposed it.
' Mr. PRENFELL replied; after which the Hotim
ided, then there appeared for the Motion 44-...1
aim it 817-Majority $7. ' •
On entering the Gallery, we found Mr. Tunic=
his legs, moving, that the I-louse should be called]
.• 00 this day fortnight, in order to have an Oiii•l
011 the Army Estimates and the Property Ti's-1
' is sundae, after a short conversation between .Lord
ntettuon„ Mr. POYSONZY. and the CIJA%CALLOR
Excitrousat, was changed to a C4l of the
the
• use tor Monday week, which was agreed to.
The other Orders at the Day were then disposed
'ed the House adjourned at HAI.r-PAST Twetve.
We give from the official papers laid upon the
of the House, the , Cll ANC61.40/1 of the Ex.
olinutit's statement of the various Taxes, with their
4"Pantive produce in 181 a. and 1815: .
roms.-1.0 the 6th of January, !US, was it 10•4670000
is thr6th January, 1816 . . 1 1 4:1111/2600

15,t45,000
28,e62,000