The Statesman.
London, England, 1818-04-29 00:00:00

Bank
and
the 9th,
itring
submitted to
the Lower Chamber, where it will probably be not less
warmly debated than it has been in the Upper. This
Project has not vet been made public; its purport,
however, together with its origin, I will endea-
vour to give you some account of ;—lt most
be first recollected, that the law which originally
instituted the Bank of France, enacted among
other provisions, that two sorts of dividends should
he made nut of the profits of the establishment, one of
6 per vets'. as common interest of the capital vested
in it, and another consisting of the remaining profits,
out of which should be set aside one-third, as a fonds
de reserve, to supply the 6 per cent. incase of any
deficiency. The operatinus of the Bank proving,
however, successful in a high degree, this reserve
fond was never called upon for its intended purpose,
and has now ercumul ,•ed to the amount of 23 mils
Vous, of which it is proposed to makes& dividend,
but which cannot he disposed of without an Act of
the Legislature; this new dividend in centempla.
tion is the cause of the late extraordinary rise in
the actions of the Batik, now at 1627, though
ortgi ;Idly at one thousand. An application to the
Legislature being thus necessary, it occurred to the
Bank Directors to endeavour to obtain, at the
same time, some very requisite modifications in
the present constitution of the establishment,
or. if doesible, a fresh organization of it altogether ;
cost•tituted at it now is, awl as it was under the
Imperial Government, it is greatly dependent on
Government, a circumstance which has frequently
aff.ctell its credit, and is liable to produce that same
effect in future; it Governor and Sett-Governer, its
lipigools and Censors, who chiefly direct its opera-
tions, are all appointed by the Crown. Bonaparte,
who thus constituted it, required also that pert of its
capital should he vested in the Grand Livre, that is,
in the hands of Government, which, to this moment,
subjects its actions to correspondent fluctuations with
those of the Government funds. These evils having
been long end deeply felt, the plan of a new orga-
nization was lately framed by M. Lafitte in conjunc-
tion with the other Directors, and submitted to
Government, that it might be shaped into a project
for presentation to the Cambers. This plan had
for its chief purpose to emancipate the Rink entirely
from the controul and interference of Government ;
suffice it to say, that the elective system was to be
introduced for all appointments in lieu of the mode
of nomination by the Crown. The plan thus sub.
milted to Government was referred to the Council
of Stale, which disapproving it its all its main dis-
positions, substituted in its stead the Project lately
presented to, and just adopted by the Upper Chamber.
This new Project, the particulars of which have not
yet appeared, amends the existing constitution of the
Bank in smite respects, but yet keeps the establish-
ment materially useder the influence of Government,
by maintaining in the latter the right of nominating
its Governor and chief Directors. One of its clauses
authorizing, of course, the disposal of the above-men-
tioned fund in reserve. It is presumed, that the mo-
ment the Project is passed into a Law, M. Lafitte,
she present Governor of the Batik, and framer of the
obnoxious Om will be superseded in his appoint-
ment by M. Delessert, a banker of not less eminence
with himself, and equally of the liberal party, but
who has lately gained some degree of favour with
the Government, by presenting in the Chamber coun-
ter-statements to that recently made by M. Lafitte,
on the consequences that would attend the maintain-
ing the Army of Occupation during two years longer
in France.

• ITer Manville being this day to visit St. Pa•l's
Cathedral, where the Bishop of LONDON holds a
coo6rmation, the bell• of the Metropolis rang •
welcome peal.---Iler MAJEtTy pissed about a gear-
ter after one o'clock.

The citizens of Montrose have strongly resolved
to support Mr. JOSEI,II FIUME, (s native of that town,
and a Proprietor of East huh. Stork.) who means
to offer himself fo r that district of Boroughs at the
text General Election. Mr. Home has pledged him-
self to be the " real unbiassed organ of nig consti-
tuents." Arbroath and Brerhin are expected to fol•
low theexample of Muntroie, hut the constitutionalists
ere not in sure of the " weasel part" of Aberdeen
and Berrie.

We learn that a strong Meniniial and Petition has
been forwarded to the CHANCELLOR of the Ex.
caceuxa, from the Importers and Manufacturers of
Hemp in this piece. Dundee, and Arbroath, for
bringing is a Bill to Parliament to abolish or lessen
the Duty on hemp and Codilla,—a duty ruinous to
the manufacturers of this part of the country, and
contrary to the spirit of the other statutes for boun-
ties on hemp and linen cloth. It is hoped that the
subject will be taken up by other towns,— Leith, In.
aptness, Hull, arid London ; that so impolitic a
duty may be removed or commuted in the present
Session of Parliament.—(Montrose Review.)
The Princess of Watts has sold her estate on the
lake of Como, and now resides about 70 miles from
OMP.

The annual duty paid by country hankers for
itamp•, &c. on notes under 51. is 350,0001., and •iih
the addition of notes of and 'bole 51. it ►sill be
700.0001. _ _ _

_
Under the award made in the rause of the Cheva-
lier llutrt,it v. the Duke of NotteoLK, the Duke
polls down the wall, on account of which his Grace
was sued by the Chevalier.
The Commissioners for enquiring into the salaries,
fres, and emoluments, of the several Courts of Jus-
tice in England, have made their second and treat
Report as to the Court of Charm ery : but it would
appear they have met wilt tine:per-fed dilß-Aties, iu
ascertaining thoue df the Grote of Kineit
they state it will he nearly two months helot'? that
Report ran be completed.
A new Comedy, called the The Irish Itmon, or
Match for * Lawyer, is annousced at the i)uts.!io
el 14"dt P, which is swirl to he fr ,m. the pen of I,4dy
Crag*, sister to Lady Mousetib

, •
_All
milistaiswc==:ams4=l;====c
.THE DANK OF FRANCE.
•
A letter from Paris, of the 23d inst. commit
the following metal particulars :-
64 The Project on the re-organization'of the
or Priori!, presented on the 6th by M. Corvette.
reported upon by a Speciat Committee on the
.was adopted by the Chamber of Peers in 44 Sit
of the `2lst ; it will be forthwith subraittet