The Statesman.
London, England, 1820-06-14 00:00:00

•. F

7..- •

. .
finances. it waetlfe ..elrBtitelflubse to neglect no
ratel.:able wain of in:raring economy and ire
7,Xpetaditure.: Speaking!in
she biteeence at flactical men,. and' of the Hon. Groh.,
toast typetsiti (31t. testae), who was a Bank Director,
hr had no hesitation in saying, that the management
of the Public BOA by. the Bank involved ro greater
difficulty than the, most simple l'anking transaction.
however adismtaireuns it tulgist be to the public that ,
their 'Roney should be pheed In such safe moody, tile l
amount of trouble to the Bank was, in point of fact,'
less than that encountered by many a private hafnium .
Banker in the managenient of a.single bank. He had;
given thin subject the fullest consideration, and in his
4/elision a saving of nut Jess than Ititl,Onui. might be'
etricted to the public from this source. He should
move that the accounts of the aggregate am, unt of the!
balance* presented by the Bank to this Huns.. be printed.
Air. P.A1•1111 **ill, that the lion. Genthman appeared
have forgotten the great advantages which the Isaia-
h: had derived from the Bank, in con etilletlEr of Or
silsance of large sums of money without interest, dr
a' very low interest. The balance of eleven init.
ons and a half, to which the Honourable (tenth
had alluded, hail been gradually rrdueed the
s :sr titer to eight, seven, six, and at length to
f.ree trillions aad a half. In one transaction with
she puldic, he alluded to the is suing of tokens, titellank
had I..st use less Costs 700,001.1/. In the loan of Hansamillion4 ails:tics/1 by the Lack at titre.. per cent. taking
the ditiereme between the current interest of fimplik.
gent. ant that rate of interest, the atlvantate to the
public uaa nit less than 60,1100/. aiear. He advert-
eJ is ale ter of the late 31r. Perreval. In which that
fientletnan expressed the highest satisfactiuu at the
1")e;.1 disposi:iun of the Court of Directors. The
whole annual sum which the Bank receives! Iron Get-
verntsient, and out of which they had to pity all the
expenses attendant on the mar agetnent of the public
business, was only 26:1.1,00/. lie would venture to
...ay, that there was no other business of so large an ex-
tent done fur so smell a remuneration. It utoght also
to be aecollecte.l, when the former profits of the Hank
W r spohen of, that during the last 211 years of the
var t! e were always ready to afford every possi-
IJ•e facilty to Government, although constantly in 'T-
-14,4.164.11 to their own pecuniary advantages.
Mr. ListeNret.i. and Mr. Psvast: mutually explained.
Mr. Wit.soN denied that because when the Rank
po..sesseJ large balances of the public money they were
ar:abled to make e ossiderabh: profits from them, it rui-
iomcd that those profits %sere a loss to the public. The
risk they ran, the extensive buildings they erected,
a.:4 other considerations of a similar nature, entitled
th:rn to ads's-mate remuneration. He was persuaded
t';at the advantages enjoyed by any private banking-
belie were as great, aril in some instances greater,
an the advantages enjoyed lov the Hank and he
wis also convinced, from ell he had obser. psi, that
tt e Bank were as anxious for the public road as fur
their own.

.Jr. litiAkoo said, fhat if the Bank had not de-
rived greater advantages from their business than any
p irate company. they must have managed their aNairs
v.... 7 badly. With reference to the three millions
which had been time to Onvernment by the Sank at
t'•r-e per cent., it had been expressly represented in a
l'imt of Proprietors that it was so lent, nut a• an ac-
kcowledguient of the reninneration derived by the
Bank from the management of the public business,
Lot in consideration of their being permitted to

crease their capital. Ile certainly thott..Tht that fur.
Rz•rly the Hank had beets much overpaid by the public.
weir present piutita were. loon-ever, so small, that he
t: Quiht it hardly worth while to attempt to reduce
tens ; our, indeed, did he coucrive that the possession
o' th-ee millions of the public balances afforded the
Bank wore than an adequate remuneration fur their
expense and trouble.

BROOPRN suggested the expediel:ry, in the ah-
onsce of his flight Hon. Friend the Chancellor of the
Exchequer, and of another Hun. Friend of his, as also
in tie state of the House (there being very few Mem-
brri present), nut to pru'ung a discussion on a subject
of au much itnportance.

Mr. tincxrett., in moving for the printing of the li
Accounts presented yesterday, of the Sums paid to the
Bank fur the Management of the Debt, declared the
continuance of his conviction, that the Bank were at
p-esent overpaid from a hundred to a hundred and fifty
tl:outati.l pounds. The Bank of the United States of
Attieriea managed the Nati mat Debt of that country
g enitously, considering the advantages which they
illrived from the unclaimed dividends a sufficient re-
Linneratitoi. Nor did the Bank of Ireland receive a
sixpence for the management of the Irish Debt. It
was true that the Debt of England was of a much
larger amoniit hut still he maintained that the public
paid too much fur its management.
After a few words front Mr. Paaaaa.llie motion was
... • .
trret., to.
Mr. BRIM OEN, in the absence of an lion. anal Learned
Friend of his, postponed until to-morrow the Com-
mittee on the King's Bench Bill ; Mr. Scarlett inti-
mating that it was not his intention to allow the mea-
sure to pass awe rifrotio.
Lord A trnone brought up.the Report of the Insol-
vent Debtors' Bill, which was agreed to. The Bill was
ordered to be read a third time on Friday.
On the motion of Sir 11. PA IMIILL, several Accounts
were ordered to be laid before the House of the Sums
paid to Sheriffs and Under Sheriffs in Ireland, at the
last and the preceding Heneral Election.

Mr. W. Silll4l presented a petition from certain
Dissenters, relative to the Marriage Act —Ordered t. ;
be printed.
Mr. lisioaosx gave notice, in the name of an Hon.
and Learned Friend of his (we believe Mr. Serjrant
hnslow), that on. the sth of July Isis Hon. and Learned
Friend would move fur leave to bring in two Hills, the
one to replete the Acceptances of Hills of Exchange,
the other to regulate the Admission of Attorneys.
The other Orders of the Day were then disposed of,
and the Hasse adjourned.
•
A singularly hoary storm of tail paned over tow
dos yoltsniay, between one and too o'clock, attended
with thoadre and lightning; the holl•eloors which
fell !we uncommonly large- Many sky-lights wet"
broken, and oath image was fibtolll4 thailtr
handling gopher rt. .