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SKETCHES OF THE LORDS.I

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THE METROPOLITAN FINANCIAL…

HOUSE OF COMMONS.—THURSDAY,…

HOUSE OF LORDS.—FRIDAY, MAY…

HOUSE OF COMMONS.-FRIDAY,…

HOUSE OF LORDS.—MONDAY, MAY…

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HOUSE OF LORDS.—MONDAY, MAY 21. THE ALLEGED ATTEMPT TO ASSASSINATE THE QUEEN. The Marquis of LANSDOWSE called the attention of the House to the odious, and at the same time contemptible, attempt made against her Majesty's life on Saturday. He was happy to inibrni their lordships that there was no reason to suppose that tile C: cumstances which attended that atrocious offence were such as to z justify a committal for high treason, and the offender would there- fore be tried for a misdemeanour according to the act passed in 1842. Upon these grounds it was not his intention to move for any address to her Majesty. After a short conversation the House went into committee un the Navigation-laws, when Lord STANLEY rose to move the amendments in the bill (,f which he had given notice. He proposed to secure the great pr; ciples of the Navigation-laws, which lie took to be, first, exclusive maintenance of the trade between our colonies and the mother country and next, to maintain the advantage in distant vojages. and the communication with countries possessing no shipping of their own. He would also confine a British register to a British built ship, and so preserve the shipping interest, unimpaired. But while he kept these great principles inviolate, he proposed to give her Majesty in council the power to permit relaxations in favour of countries willing to enter into reciprocal agreements. It micu be said this policy was not generous, but this was a matter j'nui which generosity did not enter, and if we were to do business as all it must be in a business-like way. It was this question of re- ciprocity that he wished to try by the amendment proposed to by inserted in the first clause and, in conclusion, he would only beg the House to consider that they had now to decide whether they should at once repeal these Navigation-laws, so long looked up as the basis of our naval strength, for adherence to the principle of which a large majority of the people were earnestly and anxiously petitioning, or whether we should deal with practical inconve- niences by permitting her Majesty to exercise a dispensing power, in regard to a portion of those laws, in favour of countries willing to confer a like advantage upon us. The noble lord concluded iy moving his amendment. J Earl GIIEY thought the most judicious course was, in the :ir-t place, to repeal existing restrictions, and then re-enact those it might be desirable to retain. Lord Stanley found this would be inconvenient, because; driven out of generalities, he would thou- have been compelled to defend the restriction he proposed tomain- r"1\n. 1-:ro fmm enminu to close quarters, h; t. ion untenable. The system of reciprocity was a bad one, but if it were to be adopted, the mode of enacting it pfopost d by Lord Wharnehffe was much preferable to that recommended by Lord Stanley. Lord WH IINCLIEFE protested against the amendment. The Earl of HAKHOAVBX did not think the case against the Navigation Bit! had been proved. Earl GRANVILLE designated the amendment ns altowtLev abortive. Lord COLCHESTER supported it. The Marquis of CLAXKICAHDK maintained the amendment volved a wholesale infraction of treaties. Lord BROUGHAM, after reiterating his attack on Mr. Porter, ad- verted to the great number of petitioners against the bill, and justified the assertiun. of the late Lord Melbourne, that he who advocated the abolition of all restrictions was only fit for Bedlam. If. by negotiation or treaty, we could obtain an equivalent, let the Crown have the power to give up pro tanto existing restrictions. But looking to the prodigious mass of interests imperilled, he called 011 their lordships to stand by that venerable system e.sta-^ blished by Cromwell -200 years ago, and which had been adhered" to in principle by all our statesmen ever since. Earl 11rzWILLIAM did not deny that temporary good had arise 1 to in principle by all our statesmen ever since. Earl 11rzWILLIAM did not deny that temporary good had arise 1 from the Navigation-laws, but lie altogether denied that tlu-y had created the great naval power of this country. He looked forward to the time when. by the operation of this Act, prohibitions and restrictions wouid be got rid of which crippled commerce and afforded no adequate security for the maintenance of our military marine. The Earl of ELLESBOHOUGII spoke in favour of Lord Stanley's plan. The Marquis of LANSDOWNE contended that much more w; s involved in the amendment than the question how best to cany out the principle of reciprocity. The bill removed all restrictions except those imposed by necessity, while Lord Stanley kept lip ,1:1 restrictions but those he was forced to abandon by circumstances he could net. resist. Canada would not be satisfied with the noble lord's concession, the chief advantage of which would be derived, by America, whose rivalry the noble lord deprecated so much, He rested the defence of this bill maiuly on the warehousing sys- tem, which it went to foster, by making this the great entrepot of 1 he world, the mart for all strangers, the seat of all commerce-— thus placing on a firm basis the iitval. and mercantile prosperity of the country. lie trusted their lordships would leitcc the amendment. Their iordslups then divided, when the amendment was nega- tived by 116 to 103. Their lünlÙips then adjourned.

HOUSE OF COMMONS.—MONDAY,…