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"I" Ml'â II ISSFEUIAIi jPAHILXABSENT. HOUSE OF COMMONS. FRIDAY. Tne CHANCFLLon of the EXCHEQUER post. poned the Committee of Ways and Means tillllIonday next. After some routine business, the bill providing a retired annuity to th VIce-Chancellor drew forth some observations from Col. SiMhorp. Mr. Ev art, and Mr. Wa'dcy. who considered the amount proposed to be too large. Sir ft. 1 eel and Sir John Easthopc de. fended the amount. A division took place, on Mr. Ewart's motion, that the amount be reduced from L3,500 to £ 3,000, when it was lost by 150 to 36. The Administration of Justice "Bill went through Committee, after a desultory discussion, and a division on an amendment moved by Mr. Ward, the effcct of which would have hern to deprive Mr. Scarlett of the compensation proposed to be. given, when there appeared for the clause 140, against it 81-majority 50. The remaining clauses of the bill were then disposed of. and the report was ordered to be received on Monday. The Koyal Gardens Bill and the Frogmore Lodge Bill were then passed. On the motion of gointr into a committee of sunply. Mr. P. M. STEWART rose to call attention to a petition which he had pregpill8d on the 21st September last. from the provost, magjstratrs, and town council of Paisley, on the present distressed condition of the man- ufacturers of the county of Kcnfrew. He read somp, statements respecting the appalling distress existing in Paisley and its which, one of the writers said. was a disgrace to a Christian country. The silent system pursued Ly the Government, with the single exception of Sir R. Peel, was not likely to satisfy the the country. After some observations from Alr. ill. Gibson and Mr. Parker, Sir H. PEEL said that the plan he intended to pursue, was to ask the house to cive him a short time to preDare his measures for repairing the enormous financial em- barrsssments of the country A general election had taken place under the ausp'.ces of the late Government and before that election he had declared that he had no intention of bringing forward a neneral financial scheme. The country had, notwithstanding, decidcd against the late ministry and since his acceptance of of.ice, nearly thirty members of the government ha,1 been returned without opposition, nith the r',ccptirn of itic very for- midable opposition of V r. A eland. He had not expected that Air. Stewart had intended to raise a discussion; and certainly the series of very bad jokes in his speech, was not in harmony with that sympathy with the suffer- ings of his constituents which was to be expected. He admitted the existing distress tut it was of impor- tance that they should not be driven into hasty letdsla- tion in providing a remedy. The Manchester Chamber of Commerce had formerly attributed the distress to the misconduct of the Bank of Knglano and the lavish accommodation of joint-stock banks, which had stiinu- lated over-productjpn, but now they attributed it to the Corn Laws. While admitting the existence of distress, he did not despair of returning improvement and he produced the returns of the savinas hanks, showing an increase in the United Kingdom during June ami August of the present ycar, as a proof of his assertion. ° Mr. M. Phillips, Mr. Ewart, Mr. Walker, and Sn J. Fasthope, 'then joined in the d< bate, and after some remarks from Mr. Villicrs and Mr, C'obden, the House was addressed by Captain Carm-gie, Air. Thorneley. Mr. Brotherton, Mr. Aglionhy, and Captain t'itzrov, who contended that the opposition was uselessly wasting time by prolonging the discussion when no motion had been submitted. The House then well, into a Committee of Supply, and on the notion of Captain Boldero, the supplemen- tary Ordnance Estimates were vo o: Sir C NAPf 'R pressed on Sir n Peel the propriety of having a naval officer on the Board of Ordnance and considerable amusement was created bv the discussion in which Sir ft. Peel, Sir J. Graham. Sir H. Hardincc' Lord Palmevston. and other members, took part; and some striking statements were made by Sir C Napier and others as to the condition of the arms supplied to the navy. The votes having passed the Committee, the Speaker resumed the chair, and the repurt was ord red to be received on Monday n,!m, The Poor Law Commission Bid was postponed to the same day. MONDAY. Lord GIUNVRLE SOM !CKS;t, r.«rd K!iot, and SirU. Rae.took the oaths and ti.eir seats on their re- election,respectively,for ijijn.nouthshirc, Cornwall, Ino Bine; and Mr Tuile the ont s aud Ins scat as Member for ill county of tn" h O the, motion of (he Cil^V 0f t'<» E 'v CR. Q'-KR tr. House then «,nt into cmr-mi-ec of wavs â¢<nd mrao« ar..J th*- j{i.t n. (i, his I. m an iai state.:>â r.t I" said that the supplies ,oted amonsited to-.fl .727.432 that fl.e sum r,'qliircd for the payment, of in crest on outstanding Kxclrqmr fulls was- £ 710.000 making a total of £ 2 4«7,4:,2 to be now for. 'll.i, ttllid, as nearly he, with the deficiency an'iripatcd by the late Chancellor of the Exchequer, when be calculated the income for the y,,ar at £ 4^,3*0,000 and the exnendituic at xoO,7dl. 000 With a view to meet the deficit thus arising Mr Gonll.urn said he had issued the notice of which the ilousn w as aware, for tite purpose of raising £ 2,500.000 in money and I iz I, te n i the unfunded debt to the same extent. It was trnr that the amount of unfunded debt now was only E-21 (XO.f)()o while at no very distant period it had been hut the necessity for reduction did not alone depend on the numerical amount but on many other circumstances. Thus at the present moment, a larjer interest was allowed by hanks than could be procured on Exchequer bills, and the charge in the Usury Laws hnd occasioned the employment of modi capital in discounts that had fonueily been invested in unfunded Government securities The first object of the Right Hon. Gent, therefore, had been to diminish the unfunded debt; n: d in this he hud heen successful. The amount subscribed was about f3,5,10 000 and though it was impossible in this stage of th.. proecedinus to pronounce how much of this was in Exchequer bills, and how much in monev, the unfunded debt was very considerably lightened, and there oniy remained £ 1,700 000 â for in no case could it exceed that am"lInt-to he nos provided for. He proposed to make up the sum in question by the sa!e of Exchequer bills or of stock, so as t., carrv it to effect his. orifinatpianuf withdrawing £ 2,500.000 of Exchequer bills from circulation, and realising [2,500.000 in monev The Hight lion. Gent, admitt d that this mode of providing for a deficiency was one that he could n.,t have approved of nndei ordinary circumstances, and that ought not to he drawn into a precp-dent; hot to equalise the revenue with the expenditure by means of the legitimate method of taxation would have involved the necessi'y of such a minute and careful revision of our whole financial system, as would be perfectly impractica- ble to a Government only a few weeks in possession of office. It was for this reason he had been compelled to resort tu the present plan and in accordance with it, he should not now propose the imposition of any new tax(-s. B. fore he could be prepared to a,1\; the house to consent to a measure of taxation, he required time for ravc and mature consideration, and the recess would afford him an opportunity for giving nis deep attention to the subject, lie hoped m the next session of Par1.allle..t. to bring the whole matter forward in a detailed form, with a proposition for permanently r storing the equality between revenue aiidexpeiiditiire. The Right Hon Gent, concluded by moving resolutions embodying the statement here given and after a pro- tracted discussion, the resolutions were agreed to, and tbe House resumed. It was then moved that the House should go into committee on the loor Law Commission Continuance Bill. Mr H. R. YOHKE moved an instruction to the com- mittee to prevent the tuturesrpara ion of 10811 from wife. On this a debate arose which lasted through the remainder of the sitting. At lengt+i a division took place, and Mr Yorke's amendment was negatived by le7 to 36. The Bill went into committee pro forma, and was ordered for re co,inittal. TUESDAY. On the order of the day being read for going into C°^vrIn'VPe °n l^c ^'oor Eaw Continuance Bill. MrCR\WFOR[) moved that it be an instruction to lhe committee to insert the following clauses; 1. That it shallllot belaufu; for the commissioners, from the date of the passing of this bill, to declare the formation of any new unions in districts which are not already placed under the operation of the Act 4 and 5 William IV. c. 76. "2. I hat it shall not be lawful for the commissioners r. tl) disallow by auy general or other order, any payments which shall be made by the authority of a board of guardians for the relief of any poor persons or their families out of the workhouses, notwithstanding any poweis given to them by the said recited act of 4 and 5 Wm. 4. to the contrary." [Lt:ft silting.j On a division the first c.ause of Mr Crawford's motion was lost by 143 to 2). After some dj3ClJssi,m the IJonso divided on the second clause, and Mr Crawfoid was again defeated by 145 lo 32. THURSDAY. The proceedings of the House of Commons did not occupy one hour, an(I no business of public interest was transacted.




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