The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-04-14 00:00:00

HOUSE OF COMMONS.-MONDAY.

A discussion of general importance took place, in the
course of which Sir R. PEEL observed, that no person
could have viewed without great anxiety the railway spe-
culations of the last autumn and winter. Unless those
schemes were likely to be profitable to individuals, it was
not for the public interest to permit them to proceed; and
be, therefore, thought that it would be for the public ad-
vantage to pass a bill with this limited object—that where
a majority of the shareholders in a company, or a majority
bolding more than half the stock of the company should
represent to Parliament that they were not desirous of
proceeding with their bill, they should have a full oppor•
tunity of declaring it by petition to either house of Par-
liament ; and that, in such case, Parliament should refuse
to sanction auy further proceedings upon it. He proposed
that those who originally proposed the scheme should
still remain responsible for the expense which they had
authorised. He thought also that a trustee, or an official
assignee, should be appointed to take possession of the
property of the company. He thought that they should
all be postponed for the present; and the adjournment at
Easter would be most favourcble fur allowing the subscri-
bers to deliberate whether they would proceed further with
them or not.
After some discussion the bill waa read a second time.
Sir J. GRAHAM then m,ved that the order of the day
for the first reading of the Protection of Life (Ireland)
Bill be then read, but was met by obstructive objections
to it by several members. The order, however, was at
last read. _ _

A conversation then took place on a proposition of Sir
W. SOMERVILLE, to adjourn the debate till that day three
weeks. Sir R. PEEL declared his intention of not giving
way to such a proposition, and after some sharp observa-
tions, Sir W. Somerville withdrew it, reserving to himself
the right of renewing it, if he thouzht fit, next day.
The debate was at length adjourned till next day.

In reply to a question from , c IBTHORPE, as to the
period when the budget would be brought on,
The CHANCELLOR of the EXCHEQUER wished that he
could give the gallant officer as distinct an answer on that
point as he could upon the state of the revenue. Last
year be had anticipated the surplus of income over expen-
diture at £90,000. He was happy to state, that indepen-
dently of the money to be received from China, it now
amounted to £1,750,000.
Colonel SIBTHORP intimated that he would believe that
fact when be saw it, but not till then.

HOUSE OF LORDS.-TUESDAY

Earl DALHOUSIE stated to their lordships the outline of
the measure to be proposed by government immediately
after the recess, for the purpose of enabling the sharehol-
ders in railway companies to have the schemes wound up ;
and in the mealtime to stay the progress of bills in their
lordships' house till the 29th of April. The statement
was similar, though more in detail, to that made in the
House of Commons on Monday night by the Premier.
Lords Monteagle, Kinnaird, Wharncliffe, and Lans-
downe, made some general observations concurring in the
plan ; after which, on the motion of the Duke of Welling-
ton, the house adjourned till Tuesday the 21st instant.