advantages which the other subjects of his Majesty the King of Sweden enjoy, conformably always to the laws and stipulations actually existing in Sweden.

4. To forbid and prohibit, at the period of the cession, the introduction of slaves from Africa into the said island, and the other possessions in the West Indies of his Swedish Majesty, and not to permit Swedish subjects to engage in the slave trade; an engagement which his Swedish Majesty is the more willing to contract, as this traffic has never been authorised by him.

foreign powers generally: when, also, he should bring the subject of peace distinctly under the consideration of the House. The hon. gentleman said, that on looking at the Swedish Treaty, some of the provisions of which appeared to him not a little extraordinary, he saw it contained various references to the Treaty with Russia: he would ask the noble lord opposite, whether it would not be necessary that the latter, also, should be in the hands of the House?

Lord Castlereagh conceived, that when the discussion took place on the Swedish Treaty, it would be sufficient for him to give verbal explanations on the subject of those references, without producing the Russian Treaty itself.

5. To exclude, during the continuance of the present war, all armed vessels and privateers belonging to states at war with Great Britain, from the ports and harbours of Guadaloupe; and not to permit Mr. Whitbread, although he had extrain any future wars in which Great Britain ordinary faith in the promise of the noble may be engaged and Sweden remain neu-lord, would be much better pleased with tral, the entrance into the ports of the said colony of the privateers belonging to any of the belligerent states.

6. Not to alienate the said island without the consent of his Britannic Majesty; and

7. To grant every protection and security to British subjects and to their property, whether they may choose to quit the colony or to remain there.

This separate Article shall have the same force and effect, as if it were inserted, word for word, in the Treaty signed this day, and shall be ratified at the same time.

the production of the Treaty itself: he did hope, therefore, that the noble lord would advise his royal highness the Prince Regent to give directions, that this, as he considered it, most essential document, should be laid before the House.

Mr. Ponsonby thought, the mere disclosure of facts, when the House came to the discussion of the Swedish Treaty, by the noble lord, would not be so eligible as an opportunity of perusing, and deliberately weighing, the contents of the document alluded to. As from the noble lord's pledge to make the necessary disclosures In faith of which, we the undersigned, in his speech, it did not appear that sein virtue of our full powers, have signed cresy was his object, there surely could be the present separate Article, and have af- no reasonable objection to lay the matter fixed thereto the seals of our arms. in the usual way before the House. He, for Done at Stockholm, the 3d March, in one, if the noble lord conceived that there the year of our Lord 1813. ALEXANDER HOPE.

(L. S.) LE COMTE D'ENGESTROM.
EDWARD THORnton. (L. S.)
(L. S.

G. BARON DE WETTERSTEDT.
(L. S.)

Lord Castlereagh moved that the said Treaty be referred to a Committee of Supply on Wednesday.

Mr. Whitbread said, that just before the noble lord brought up those papers, it was his intention to give notice of a motion which had considerable reference to the subject which was now proposed for discussion on Wednesday. It was, however. of a more comprehensive nature; and he now gave notice, that on Tuesday, the 29th of June, he intended to bring forward a motion with regard to our relations with

would be any impropriety in the proposed disclosures, would be the last man to press them; but if there was no such impropriety, he did think that the wishes of the House ought to be complied with.

Lord Castlereagh having returned no

answer,

Mr. Ponsonby gave notice, that he should on Monday make a motion to have the Treaty with Russia laid before the House; and although on that day orders would have precedence of notices, he would avail himself of his privilege to submit his motion at an early part of the evening.

Lord Castlereagh said, he could not give any consent to the motion of the right hon. gentleman, until he considered how far he could do so without breaking faith with those towards whom it was so necessary to preserve faith.

LOCAL TOKENS BILL.] On the motion of the Chancellor of the Exchequer, the House resolved itself into a committee, to consider of the Act of the present session, c. 19, to prevent the issuing and circulating of pieces of gold and silver, or other metal, usually called Tokens, except such as are issued by the banks of England and Ireland respectively."

case in manufacturing districts, such a prohibition would be attended with the most serious consequences, and would bear extremely hard upon the manufacturers in general. All, however, that had fallen from the right hon. gentleman, as well as all that had occurred to him from the general observations which he had made on the state of the country, only went to confirm him in the propriety and policy of the House rescinding the resolution to which they had come in the year 1808, namely, that the paper of the Bank of England was of the same value as the legal and natural currency of the country.

Mr. Huskisson apprehended that the measure now proposed by his right hon. friend, was by no means new. There was already a law in existence, which prohibit

The Chancellor of the Exchequer then observed, that at a former period of the session, he had contemplated the probability of circumstances occurring, before the end of the year, which would do away the necessity of renewing this measure. Although there had been a considerable improvement in the rate of exchange, how ever, between this and foreign countries, the state of the currency was yet such as to render it necessary to continue the Billed the passing of notes under the value of for some time longer. He should now, therefore, submit a motion to the House for effecting that purpose. He should propose some alterations to the former Bill, which, he thought, were highly expedient: amongst others, he should introduce a clause to enforce the payment of all local tokens which might be issued in the country, in bank of England notes, and also a clause to prevent the issue of Bank notes for sums less than 20s. The right hon. gentleman concluded by submitting a resolution, That the House should be moved for leave to bring in a Bill, to continue and amend the former Act.

Mr. Whitbread said, he did not rise to oppose the Resolution proposed by the right hon. gentleman, nor did he mean to take a retrospective view of all that had already taken place in the House upon this subject. He thought, however, this measure was one which ought to be watched with the utmost caution, the more especially, when he found, that the right hon. gentleman was about to introduce some new provisions, one of which was, to compel the payment of tokens which might be issued by country bankers in bank of England notes, instead of notes of their own, thereby acknowledging their paper to be depreciated, and giving greater artificial security to the bank of England paper. Another of those provisions was, to go to prevent the issue of paper securities for any sum under 20s. If no fraud had hitherto been discovered in these latter mentioned issues, he saw not why they should not be allowed to continue as well as the silver tokens. Where no silver tokens were in circulation, as was the

20s. and as to the clause for compelling the
country bankers to pay their local tokens
in bank of England notes, he apprehended
that this provision only applied where the
individual, whose interest might be concern-
ed, did not chuse to take provincial notes.
In that case he certainly would be entitled
to insist upon having Bank of England
notes, as he would be in all other pay.
ments. It was only extending to local
Tokens, therefore, the same provisions
which already applied to provincial notes
in general. There was no doubt that the
renewal of the Local Token Bill was ex-
tremely necessary, and was likely to con
tinue necessary under the present state of
foreign expenditures for a very long time.
He denied that there had been any im-
provement in the state of exchange be-
tween this and other countries, since his
right hon. friend last addressed the House;
and so far was he from believing that the
period would soon arrive which would en-
able government to call in the local
tokens altogether, that he firmly believed
it would become necessary to increase the
nominal value of the coin now issued by
the Bank of England. The price of silver
was already higher than the value placed
upon the local tokens, and where bullion
was wanted, there was no doubt that Bank
tokens at three shillings, were deemed
much cheaper than other silver. In the
late coinage for Ireland, this fact was
most clearly demonstrated, as in that case
the quantity of silver, with reference to the
nominal value of the coin, had been con
siderably diminished. If this continued,
it would soon be necessary to raise their
denomination, to prevent them from being

and there would of course remain four millions and a half to be provided for at a future period by the House. The army extraordinaries for Ireland were the same as last year, that is, 200,000l., making the total of the extraordinaries 9,700,000l. The sums necessary for miscellaneous services had been already voted by the House; there were, however, some items still unprovided for, and to cover them all, he would take the sum of 2,500,000l.; exceeding that branch of the service of last year, by 150,000l. The next article of supply he should come to, were the subsidies granted to foreign powers. On this head no alteration had taken place since last year; and the sums already voted by the House, were 2,000,000l. for Portugal, and 400,000l. for Sicily. There would be also among the items of supply, a sum of 2,000 000l. to the East India Company, for advances made by them to government.

charge for Engiand giving a total of 5,271,836. and forming the aggregate amount of supply of 77,337,4751. Out of this were to be deducted the Irish proportion of the joint charge of 72,065,6391. which was 8,478,310l.; also the Irish proportion of the Civil List and Consolidated Fund, forming together 8,651,533. to be deducted from the aggregate charge amount, and which would leave 68,685,9421. to be provided for by England.

The right hon. gentleman then briefly detailed the various articles of Ways and Means by which he proposed to meet that charge. The annual duties he would take to the same amount as last year, namely, 3,000,000l. The surplus of the Consolidated Fund he would take only at 500,0001. and should, before he sat down, explain his motive for so doing to the Committee. The net and disposable produce of the war taxes he would take at 21,000,000%. and to that amount of their produce was to be added such a portion of those taxes as had been previously appropriated to the payment of loans. The lottery, he would take at 200,000l,; it had, in fact, produced 220,000l. but he should take the nearest round sum. Exchequer bills had been funded to the amount of 15,775,8001. and this of course, constituted a part of the Ways and Means; but others had been issued to replace them partly. In funding those Exchequer bills, it had been intended to raise a sum of half the amount by means of debentures; the attempt had, however, been only partially successful, and had produced only 799,300l. or to take the next round sum 800,000!. It was intended to make up that deficiency, by issuing 3,000,000l. more of Exchequer bills, which would make the amount of those in circulation, equal to what it was last year. He trusted, that the committee would not accuse him of increasing the unfunded debt unnecessarily and without limit; but when it was considered how low he had taken the surplus of the Consolidated Fund, it might be reasonably expected that it would produce considerably more, which would tend of course to reduce the unfunded debts; and in con

He had now gone through all the articles of supply already voted, and the Committee might naturally expect that he should say something of the vote of credit he was expected to ask before the close of the session. He was sure, that in the present state of Europe, the Committee would feel the necessity of arming government with sufficient means to enable them to take advantage of the favourable military and political circumstances which might present themselves. He intended, in consequence, to demand a vote of credit of 5 or 6,000,000l. for England, and 200,000l. as usual, for Ireland. He had not yet made up his mind, as to which of the sums he should ask, his determination depending on a contingency, which was, whether or no a sum of 1,100,000l. still unapplied out of the last vote of credit, should be disposed of before that period. He would, however, take in account the sum of 6,000,000l.; and this would bring the total of the joint charge for Great Britain and Ireland to 72,065,6391, There were, betides, several separate charges for England. The first was the Loyalty Loan, the charge of which was 171,8361. making 58,4201. more than last year. The next article of the separate charge was the in-sideration of that circumstance, he trusted terest on Exchequer bills, amounting to 1,800,000l. or 100,000l. more than last year; interest on debentures 40,000l.; grant to the Sinking Fund, in respect to Exchequer bills unprovided, 260,000l.; and, lastly, the vote of credit of 1812, 3,000,000%. The total of the separate

that the money market would experience no inconvenience from leaving the amount of Exchequer bills the same as last year.

The next article of the Ways and Means, which had been for the first time introduced into it last year, was the sale of old naval stores. On this subject his right

Debentures
Vote of Credit

Naval Stores (English proportion of

£.601,908) Loan..........

799,300 6,000,000

-531,096 21,000,000

£. 68,806,196

hon. friend, the Chancellor of the Ex-| Exchequer Bills funded.................... 15,775,800 chequer for Ireland, had represented to him that Ireland was in justice entitled to her share of the produce of those sales. That claim he had admitted; and the amount of naval stores sold, being this year 601,9081., would leave for the service of England, after deducting the Irish proportion, 531,0961. The Ways and Means to meet the current expences of the year, would be completed by the loan of 21,000,000l. he had contracted, forming a total of 68,806,1967. leaving over and above the supplies a sum of 120,254l.

The right hon. gentleman then recapitulated the different items of the Supplies and Ways and Means, in the following order:

£.

20,575,011

18,926,537

3,101,294

He had already apprised the committee, that he would acquaint them with the motives which had induced him to take the surplus of the Consolidated Fund at so low as 500,000l. The committee was aware, that there had been last year a deficit in the revenue of 1,500,000l. which, together with the additional charges laid on that fund last session, had occasioned a deficiency of 3,281,000l. in the surplus of the Consolidated Fund, as estimated for the year ending the 5th of April, 1813. This deficit had been principally felt in the malt and excise duties, where it had amounted to between two and three millions; and the other branches of revenue must have been proportionally prosperous in order to cover it in so great a degree. This was principally the case in respect to 9,700,000 the war taxes; and the committee must 4,662,797 be aware, that great improvement might 2,500,000 also be expected in the collection of duties recently laid, as they became better understood, and better regalations framed to collect them. It should be observed, besides, that the deficit on the articles to which he had alluded, was owing to the depressed state of our manufactures, which considerably checked consumption; the use of sugar to distilleries had also lowered the produce of the duty on malt, and in the first quarter of the present year the dearness of that article had prevented its being used for that purpose; but all these causes were not likely to operate again on the Consoldated Fund, and, from those considerations, he had taken the surplus of the Consolidated Fund for the present year, at the average of three years, and omitting in that average the year ending the 5th of April last. From that average he should estimate the surplus of the Consolidated Fund for next year at 3,889,000l. but as the surplus of last year fell short of the estimate by 3,284,000l. that sum was to be made good by the surplus of this year, leaving a net produce of 608,000l. which he would, however, take at the round sum of 500,000l.

6,200,000
400,000
2,000,000
2,000,000

Joint Charge... 72,063,639

5,271,836

77,337,475

8,651,533

68,685,942

8,000,000 500,000 21,000,000

200,000

The right hon. gentleman then proceeded to give the Committee a detailed view of this componing part of the Con(2 P)