The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1833-08-06 00:00:00

BANK CHARTER BILL.

Lord Auruot:e moved the order of the day for the second
reading a this bit..
Mr. P. Sue OPE rose to oppose the motion, though he was not
as piepa.ea as be shou.o have been hau he been atm; e that
Ine tpie,tion was to he hi ought forward that evening. lie
would state briefly the reasons why he would urge on-his noble
rriena to postpone the question to toe next ses,ion. 't he first
was that these existed no pressing W. evp•sit) for urging this for-
wart in the piesent year; rind, it there %vete ud,n, s„biert,
~tilts highest imptotant:C wuitl title softicitnt to occupy
their utn..ivided intetnion for the ECliJitilider 41f St:SF:MIL 'S he
subject or the batik t. hat •,e-c was one whit it he he it.vea was not.
fo.ct ants vattainly hint but beta finly discussed.
;.e•Latt L'Ve;v confidence in Ow iir.egroy noble iota the
tjuincei.or ,%t It, vint,./, but in t,wtt twat
!Ike' coitiin;.no, In ths,i:;i:ity as ixtn.mcicr. tie 11,1 behest'
~hat hie 110 t e iord yet thtiotr.n.y 1.1145:Cf 91' the ant jtu I.
tie caned upon the nolt!e, Iti;il to pll..lp.ate ths, -hilt till Le x!
with a view to the apl:ointareat of a seitxt countatic,e,

which should place the banking and monetary syFtem of the
country upon a sound and permanent footing. In conciusion
tia movea that the bid be read a second time that day six.

aionth..

Sir Id. Wimmuctu By seconded the amendment. Ills objec-
tion to the Bank was that it was a great jobber in pub.ie secu-
rities, and he apprehended that under the increased power now
conferred upon it that corporation would regulate its issues of
paper money, not in reference to the wants of the country, but
with a view to the extent of its own engagements.
Mr. M. Ayrwooo regretted that the measure had not been
confined to a continuance of the present privi.eges of the B.ink,
instead Of etharging tnese.privileges and confirming anaexteal-
ing the monopwy by making its notes a legal teuaer. If the
measure had been confined to the limits referred to, it would
have met with general concurrence ; _the only question that
could arise being as to the sum which the Bank should be re-
quired to pay for a renewal of its privileges.
Sir R. Pr.ca said though he was of optuion that an advanta-
geous bargain had not-been effected wi.h the bank, yet he had
heard no arguments to induce him to wit-11110,d his support to the
motion fur the second reading of this bill. The bit., however,
contained one clause to the priuciple of which he must object,
—name.y, that which enacted that bank of Eugasul notes
should be deemed a legal tender in the transactions of this coun-
try. He not only objected to the principle or that clause, but
also to the mole, the time. and the pare in whtch it was to be
elftcte:i. As to the time, he must say that midnight on the 21
of August was not the proper period for entering upon so im-
portant a subject. ‘Vith respect to p.uce, he would
add, that iii the present bid was not fitting; :tad as to toe. in ale,
not one reason was stated thr dest.royiag the princip.e of the
coovertibitity of paper; neither was it condescondea to urge
any grounas on which that destathdion was to be warranted or
maintained. lie oajeeted entirely now to enter 14)1)11 this slip-
pery path, from which he was satisliea it would he impossiale
to retrace the steps which it was proposed in this respect co take.
The measure, with soca a provision, wou.d enable any man to
is-rie his paper purport lug Co be payable to bearer on 'demand,
and,•iusteaa of taithiing thaf contract in baltioa, ha wo..lid • be
enabled to meet it by a note convertible only in London. This
would he intt ustingro par,ies Over whom the nation would have
no control, not why a complete power over the currency, but
also an interest, and a direct one, to aboAsh a gold currency.
ILe begged to ask the noble lord the Chamellor of the Exche-
quer wuether, if an individual haa a demand upon another for
E 5 25., the limit could discharge the demand. Ulmer the bill with
a note and 2s, _ . .

Lord Al.-coon P was understood to signify his assent.
Sir H. PLI,A..---.Th6n, in such a case what provision was there
in the bill to prevent a counzry banker from sending forth notes
for £5 55., which woad be a comp.ete dcpartu.e from the pre-
sent system ? and as the country-banker could pay his note
with a £5 Bank of England note and 55., it would never be ne-
cessary Co: him to be possessed of any baliion or go.d, in order
to be en 3 I.)ed to satisfy the deMands of
.his customers.
The bill,was read a second
.time, and orderyd to becommitted
on Tuesday Morning.

SUPPLY—MILITIA ESTIMATES.
The house resolved itself into a committee of suppiy.
Mr. ELLICE said that the estimates he had to pfopose had
been prepared and recommended to the houSe by. a committee,
of which the hon. member far Mitldksx was a member. awl with
the utmost care they had found it itopossibe to make a larger
reduction. He proposed a vote of 1:z-13,550. for charges of the
milltiu.—Agreed to.
ASSESSED TAXES' REDUCTION RILL.

The house then resolved itself into a coannittee'on the Asses-
sed Taxes' Reduction Bid.
Mr. Seal N G ICE S'rdti, that as this subject wOhld be discussed
at a future time, he should not enter into the detai.s of this
bill, which it was necessary to pass prep'iratory to the other
measure, He should move a Clause to g.ve teihef to licensed
victuallers, the whole of whom woual be reaered to the extent
of half their house duty; and another cl.►use to place the
horses employed by market-gardeners on the saute tooting as
horres employcd iri husbandry.
In answer to questions fro.n hon. members, the right hon:
gent:man said .that the bid would repeal the tax on bakers'
servents and certain persons emp.oyeo in•counting-houses. No
relief was granted in the case of houses used us schools, it being
found impossible to frame an enactment that would effect the
object in view, since the having a singe pupil for a sing.e day
might be made a ground of exemption.
On the motion of Lord A.thoip, the Tithe Commutation Bill
teas ordered to be reporied this day six months.
The Sugar Refinery Bill event turongh a committee.

lIWICK ELECTION. •
Sir R. FErtGcsoN obtained :cave to bring' in a bill to prevent
bribery and corruption at future elections fur the borough of
Warmck.

The bid was then brought in and read a first time.

nEnTroan ELEcTio
On the motion of MY. Bernal, the'Hertford Election Bill was
ordered to be printed, awl notice of the Second reacting to .be
given to the town-elerk of the borough.
Adjourned at a 'quarter past two o'e.ock.