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---LONDON,

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LONDON, SATURDAY APRIL #>• IN the House of Lords many petitions Were presented, some for a revision of the Corn Laws, when the Earl of Liverpool, in reply to inquiries from Lord Lauder- dale, said the Government had intention to bring forward any proposition on the I subject this Session but his Lordship thought that next Session it might be sa- tisfactoi-ily broogtit before the Parliament. The subject was also agitated in the Com. fnons, and at considerable length, many petitions having been presented. Mr. James on a petition from Carlisle present- ed by Sir P. Musgrave spoke of the n'eces- sity of the revision of these laws. He added that there ought to be some protecting duties, as it would be impossible for the English farmer, so long as he had taxes and the Clergy to pay, to compete with the foreign grower of corn; and that the he should propose a duty of 15s. when "heat was from 55s. to 70s. per quarter lOse when it was 70s. to 80s. the quarter and open ports when it was above 80s.— He added that his farms were let at "Corn Rents.— Mr. T. Wilson afterwards pre- sented the London Petition, with about 5.000 signatures. Mr. Gooch (the Chair- man of the last Agricultural Committee-) condemned the agitation of this question. There was no stir about it, he said, till Mr. W. Whitmore had given notice that he should submit a motion on the subject. The people were contented and happy; trade flourished, and all paid cheerfully; and the working classes of London oc- cupied their Sunday and Monday in par- tlculai in stuffing themselves with roast beef and porter." As to the London Petition, it was all humbug." Then why agitate the question now ? He asked Mr. Huskisson whether he intended to bring forward any motion on the subject this Session, to which Mr. II. replied in the negative. Mr. Iluskisson added, that he had already Somntiyuffitirr- on his hauds and that there was so much business be- fore the House thisSession, th;«t he could not undertake to bring forward any pro- {wsrtiofl. Early in the next Session, how- ever, he shoulddeein it his duty to require the House generally to take into considera- tion the whole question connected with the Corn Laws, with the view to the adop- tion of some fixed principle. He further remarked, that, in the course of a few days he should, nevertheless, have to submit some propositions to the House regarding f the vast quantity of corn now under lock and key in this country, and which had been so for several years he thought it might be released under regulations ad- Vantageous to the country. A lon £ conversation arose, in the course of which Mr. W. Whitmore said he should perse- vere in his motion which stands forThurs- day next. Mr. Curwen declared that he should support the motion, and Sir T. Lethbridge repeated that he only wanted d open ports and fixed import (or protect- ing) duties." Exchanges still continue falling, and as they fall, so will gold be exported. This shows that the balance of trade is turning found against England. This is nottohe wondered at, for the balance of trade has been, according to the Parliamentary Re- turns, too much of late years in favour of England to last. Should this state of things continue oui gold coin will inevitably fiy away from us, in which case Mr. Peel would be obligedt-o repeal his Bill and (then instead of sovBfe^gtiB being the circu- lating medium, wemost again have recourse | te one and two pound iiotes. Well, there w«Mild be nothing detrimental in this. We got on well enough before with one and two pound notes, and why should we not again ? If Mr, Peel should repeal his Bill we would recommend an issue, of thirty shilling notes, in addition to those of one land two pounds. They would be conve- nient on the score of change; for, after gold disappears, silver would be next ex- ported. The great objection to the notes a less value than five pounds, is the "increased temptation to forgery, and the consequent imprisonments, prosecutions, and .punishments. If it were not for the latter consequences, the absence of gold would >aot be felt. Indeed, a paper me- dium is more convenient for the purposes of trade, especially as a remittance from one part of the country to another. The tpresent state of the Exchanges may be pro- bably one reason why our own and fo- reign Stocks are so flat iu the market. It would be curious if, in proportion to the fali of the Exchanges and the rise in Co- lonial produce and home manufactures, our own funds and foreign funds, as well as Seh* me Shares, should tumble, and yet tllis looks probable enough.

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