IIASZARD’S GAZETTE. APRIL 16. specie. reduced 10 per cent in value below that of the adjoining Colonies; and it is beyottd all questtou,thsi the additional issue of .5 lb.000 inure of the some uti- redeemable paper would Cllllalt' the further tlepn-ciu- tieu which he tniticipated; IIIMI indo-t.-tl I tltink tnuch greater" litsru scripln rimnel. “ A clian e hits in- Sctl come o'er the spirit oftlie tlrcam," o their lio- nors; their remarks on the measure of I846 are 9° ‘PP ICING to the views I entertain on the present Bill, that it is almost uunecesssrv for me to lll.IlI any thing ofiny own, but [must rlllll trespass on- your Honors’ indulgence by offering st l'cu nlissrvstiotts on awed ofsuch great imperiaittcr us this is. In the iii“! in Ilguinst the Iiuynl Iii-lrucliuns. It ill true the Bill has it suspending clause, lint llis lixcel-, loniee on the subject,a draft of the Bill before us hav- bg lee sent with the documents referred to, I cannot but think it highly indelicule and itnpropcr to is tics any such measure. until an answer -hull ve been received from the Colottial Ullico " Si- in this case cannot construed into giving as- sent.” I should a the reverse. when I see every dsaputch received itherlo frotn the Coloitial Dilice has been prohibitory of an issue of a r not payable in in on demand. It is self-evident tltat the ti-hole matter has emanated from the Executive. llis Excel- lency talti lils infornistion and opinions from his Council, in test his dasputch recommending the mea- sure; and it is equally evideiit,thst the Colonial (mice has not listened to it. rid why? simply because the principle laid dowit is diametrically opposed to the views of all the most able finunciitrs of the present day. ticularly of the successors of the late Sir Ro- bert who are now in oflce, and who will never listen to the admission of a principle so opposed to that by which they are governed on such a question as this. In rotation of what I have said, lcun safely refer you to all previous despaiohes which have been received on this subject. It was ill sdvics,which caused the introduction of such a ntessure particularl until after an answer to his Excellsucy's despstc had been received from the Colonial Ofiice ‘ great financial error which will tend to the ruin of any country which ms bate recourse to its admission. In times of sdversity,it is ruin. It also tends to mis- lead the people by leading them to the belief that it will increase their osperity. Paper money if not lid in specie and payable on demand, is in fact a delusion. Why should our paper remain in its ' itiou,when compared with that oftbe Provinces of New Brunswick and Nova Scotia ? Sim- ply from the cause above stated Once make our paper payable eudorriaud in specie. and it would be On with theui,und circulate as freely in these viucos as their paper does in our Island. I-‘sr front such a system being hutiuIicial—-it has a contrary effect. as it tends to prevent the establishment of private banks, which would indeed benefit the coiittnunity. I ful Igruu with his honor (Mr. Hensley) that the Govern- llient cuglit,n_ot to be Bankers. It is art ' power to be exercised by a Government, and might prove prejudicial to the interests of the Commercial lad ' tural community. I w’ ttow advert to s I plrugraph in hie I-Ixcullency‘s Despntcli of 2d Jau., 858, which I canttot pziss over without notice. It is auto clear from the uicntorandum of the Executive rd, that his Excellency derived his information from that source, and I am, therefore, of o inion the rernarks,l am about to make will apply to Ills Escal- lmcy's advhers rather titan to ltiinself. Iain the more inclined to arrive at that conclusion from the arguments used on moving the second reading of the Bill, by his honor Mr. Swabey. it member of the Exe- cutive, who evidently had a finger in the concoctirtg of that document as it tallies so iuuclt with his speech. Be that as it may, tltcre;is, at all events,a striking co- incidence. The paragraph is this : " No alterations, however, had taken place in the Warrant system un- til this year, when the Government were enabled, with your Lordsliip’s sanction, to borrow £10,000 to pay oil‘ an e uivztlent amount of Warrants; nearlyt e whole of t c loan has been effected at 5 er cent., notwithstanding the ictions of some who have long benefited in so periiiciouss system. y s' and discounting, at usurious rules if infsrsst, Warrants to large amounts. to the great de- triment of the Colony, and pecuniary loss of poor Ilb dividuals." I conclude the sage is correct as it comes front the Secretary's Ufiice. It is different in the document as printed in a Journal be- fore me, in tvhicli the leriti “various" instead of " usurious” is used (the hon. Mr. Hensley said the term tvss “ usurious“ in the original. and the hon. the Attorney General confirmed it. b stating,tiiat the copy received through the Colonial Secretary was correct) In? argument is founded in the precise lan- guage us in that document, and I may therefore proceed. I object to the terms " pernicious” and " usurious." The first is unjust as applied to indi- viduals who iteld Warrants at that period, inasmuch as, it is well known, that Warrants were not so much in demand as they have been of late, and but for the arrival of it few rsons of capital, they would scarcely have been ncgotiabie,even at a much greater depreciation than was the case, although hearing in- terest at6 per cent, and therefore the persons who invested their capital in Warrants were benefactors both to the Colony and to the poor man. The second term, Ihold to ' ' . To purchase any 5 ion is made in the rate of interest, but in the value of the Bond, by either a temporary pressure on the money market or a want of credit in the security itself. The same fiuctuatiou of price is continually occurring in land both in the funded Ind uuf Debt. Such transactions cannot be termed “ usurious," as no more than legal interest canbe exacted. e- fore, I consider the term unfairly and incorrectly used iven to understand, that a system does prevail in this Island, by which certain indivi- dsslv are exacting to per cent., 20 r cent., 80 per cent. and even more for discounts a loans of money; audlf chbstIiecsse,Ithink theterms "pernici- our” and " usurious” may well be applied to such a system. Such acts amount to an evasion, if not a di- rect violstion, of the usury lntu, and so ion as they remain on our Statute Book, can as little be efeuded as the acts of the smuggler. It is illegal, and morally and religiously wro , and no defence of such a sys- tuin an be zrtcmpt with justice by any right thin- hiug man in the communit . It may well be said to be a "detriment '.o .lm Co on; and u pecanisry loss to pour Individuals," and cannot be too loudly con- deruled. Ituru now to the proposed plan of pa ing oftbe remainder of the Warrants by mans olths issue of Trsesur Notes, in other words, to pay ed’ a debt bearings‘ rest by an issue of Notes not payable ea in specie, in fact by another debt not touring fstrrm. is your ivste trausaotioliu, would ask your Honors whether you would like to be dealt with in like manner? Undoubtedly sot ; and why then should the public c itor be so treated? Pay him ofi’ if you please in go or silver, or in paper payable iugsclo on demand, but to force him to take the Legislature. paper out redeemable in specie 'Iscarouly acting with common honesty. It is true. you may present the Notes for payment at the Treasury. and I refused, there being no obligation to gay I; is, you may have the amount funded. OW I olgnzt of the present Bill be,to extend the deflut the infection .’ The holder of Warrants bui E does not at once see how it won the ‘hssssrsr Ha inset, however. -ale his s essury on certain quar- upy days, sod by uszietstt Geo. nit clause s A ths'I‘reesurer red vs csrtlfloahs tolhs_aui- ussrsrttie Notes, bearing atsrsst; but the Act II It- leur, asto the rate ofiutnestor the time when it is to he paid. New this Iisisg the case, the at Bill rt-iay'be J a Warrant-ereatifl Ass, hes. the Air says—" the one could set be t’ Hfihtlou again" Just so. Thus where sddltissisibsclroslsiissl It be ‘$3. ‘lib bsleg aliulttd tltsitliellotss rnaybefhedsd,asI -seiaeressst-fihs fibs,a*.iuh'wessseftbeehIlstlsu wselleasas from the passing of this Bill, even if the Royal esseitt could be obtained. ‘ now consider the subject of paper is-ties, as it affects the question of llmtlti-lg: iii an .\tm.-iicnn \\tIl'|i, entitled “ u it: IWIII). ' by (.'alt'in l'otion, l\lIIl'lI I hold in luv liaIid,I liiid the following seittence.un-ler the bend of " Paper Honey and llll ‘ng-” “ Assuming that no paper tuuney ought ever to be in circulation which is set good for the ittitoiint in it ie. whenever dsiliiatided b Ill!‘ holder; intd that no in-otiiatious liir such issues a id be authorized. Willltml beiag obliged to conform to this rule,—it may be said, that the invention oirsper iiioney, on such a basis, has prov scarcely less importance to sorbty than that of it inetallic curren- cy." Here is the principle for which tvl contend, fully recogiiinud. fler tresti the tiistter at some length. he proceeds to OlplIIlI|IfIG isietliodof Banking. Ile writes. “ 'I‘lte usual mode of banking in the United States. has been through the itgsno of our rate Companies; tit the State of New orh aut rtzed privuts banltiitg, by requiring deposits of public funds \\‘lll| the Comptroller. as security, and the Coiuptroller‘s stamp on all such private issues, as a method of inspection and control." " No system of banking can stand, except as the Notes are always payable on demand. in I ul tsuder.—tliat is. specie. They who prefer paper, or convenience, are usually many to one of those who want is. chances and pI’0li.tI)l8 calls for specie are obliged to be well considered by the Bank. so that it may not be taken by surprise,—and its issues are regulated according- ly"’ Alter proceeding in favor of banking. as egreat inesns of omotiitg the prosperity of a country. and tiller spea ing in tertns of praise of the late Sir I. Peel's Bill of I8-I4. he again recognizes distinctly the principle we are advocating in these words: " Never- theless, the world now generally understands and he- lievcs that nothing but a basis corn of the pre- cious metals, exchangeable on demand, will sustain a circulating ineditiin in full credit." He then alludes to Government. Banking, in no very favorable tornis. He says, “ 'I‘he greatest hazard of all for s Govern- ment to set up Banking in its own oper capacity, H the temptation to trade on the pub ic credit. Honey brokers may do this legi 'inately; but that a Govern- ment itself should do it, in banking, as a part of its banking capital, is one of the most alarming features of the case. After all the experience of the world, it ought to be considered as a settled question. that no paper should ever be authorised as a common cur- rency, which isuot founded on u specie basis, and wltic is not redeemable on demand in specie." What can be said more to the purpose than I ave read from this work ?—and coming from the efsn Ameri- can, it proves, beyond all doubt. that experience has led the United States to admit the principle of a ma- talliu basis for their issues. I must a logius for taking a so utuch of the time of our ouors; but feeling! importance of the sub’ t, witiia few more observations, I will conclude. e to y of the measure before us is it‘ hly prejudicial. In the face roposed issue of Iebentures. under the Land Purc as Bill, you contemplate a further issue of un- redeemable nper. How can you expect the capital- ist to come orwsrd. with the prospect of being repaid inn deprcciatell currency ? Independent of this, who would attempt to establish a Bank in this Colony, without being secured from the elects of an excessive issue of 'I‘reas Notes? No sensible man would encounter such a risk; and so Ion as this a stem is allowed to prevail, so long willtbe olouysu riujary by such obstruction to the establishment of a Bank. Let the Government but see this matter in its proper light, and cease to tani r with the Currency; attd let them lettd every facility to the estabfwhincnt of a Bank. on sound principles; and you will soon see the effects of such a course, in e increasing activity, and consequent prosperity, of this commercial a a riculiaral community. I had intendedtohave add- ed to my arguments safew extracts from the “ Report of the Currency Comntissieners;" but as you have that in our in I will merely refer you to it for con rmattoti of the principles I have endeavoured to advocate. I feel that I have already taken up too much time. In concluding my remarks on this ques- tion, I cannot avoid repeating, that as a draft of this Bill lies been sent home, I think it would be unad- visablc to proceed further in the matter. Had it been in o position to the views of the party now in ofiice in .ngland. and directly in the teeth of p vious llespstchss. some excuse might be ered _ the course pursued by the supporters of the Bill. Tlierefore, with these observations, and entertaining the views I do on this subject, I begto secondthe amendment, that the Bill be read a second time this da three months. ‘yflte Hon. the Ari-oitxsv Gxxnst. In sup- porting the motion for the second roadln of this Bill, I shall ofi'er a few remarks w ‘ch Octglf to me, some of wkhich hpve hlJO0flI;'lII|ld0d to the reviottss en. at o tplaoe, the iiifibrtiirce of thianposition of the court in the year 1848 and in I853, I must observe is very great. s n net-al rinciple, I admit that no paper ought to be issued exoe t on a sound specie basis, bntlthink, Your ouors, that circumstances will justify a modification of that principle for the purpose of carrying it Government successfully on. I would , what is the the present state of the pa r of ' ‘ Island! (the hon. Mr. “ at it discount of 20 per cent). Look on the itmotmt of Island Treasury notes in the Teasurfi during any one quarter. Your Honors wi hardly credit me, when I state from facts that cannot be contradicted, that it has never exceed- ed three or four hundred pounds. as imued by this Government. In what then has the baknce consisted! why in Coins and in New Brunswick and Nova Bootis Noles—tlie New Brunswick Notes redeemable in s le, those issued by the Government of Nova tie, not so. A "sea rfl C '5 3 many Notes from one pound and upwa through my hands in the eouric of a year. circulation of the Notes of these ces In this Island is almost incredible. I re say over £1 .000 The hon. Mr. Hensley " is this merel supposition 1) Yes, but I firntl believe it it I happen to have rather fiver-ab c oppor- tunities for afiruiing an opinion upon the sub- ject. Such beln the case then, it is essential that there she d be some change, because clearly up rs,tbat our Island Notes are in demand on that there are not enough of them to meet the wants of the Country. conceive that this bill would retued the inconvenience a at vlug the other Notes opt of circulation. Wihtlin derives e benefit t e pa 1- currency ve Your Ilznors, the banks of lihx and New Brunswick derive the whole benefit ofour oulution. And yet do you mean to m that they do not—tlist it is no benefit to those Some of these Notes may never be seen up their I rs-the may be use so My ost—-a vessel, in sane l which there are In ividusls who have theta may , yet t banks are gains by them and they derive ides the whole benc t those the are in circulation. Now,I ask if such be the case- lflt be the bet, that our Notes lnvu not oisted in value for the last 15 or I) knowthatthsrcliasuotbesnths gh preoiation since my knowledp of the. Island. the discount havippg always been N per out, Is not this Island on perfeefly issuin an increased amount of tainly would not assert, tlmt burdened with an ex - seams’ .Hau fthebasks ti.u§itii7"'sa"iu‘liuoecu’o.'iitsai h oI‘;'o.ulatlou;butdoyouueautsmy,&t, we eurruvsassdwwssnm would’. irortuaeoo,ir....t... -£11,500 in income of £30,000 and. only 2:-tttls .i."25000. Sm-e|y fi ig fflfll hour-r at i-nil of thi- vcttr than he was at the lwgiuning of it ' 'l‘li--W is an act on record too (the statute uutlturising the funding of notes) that advanhgt: giiiltl be taken of the very instant that an excessive ii-sue did the plnoc. under whit-li Notes can be fit]- dcd. of which your Honors have lost slfitt and which would meet your Honors‘ obyoetiun-— hat does the 7th 0 use say‘ (his honor read it) I heard thpt no time was lirslb§b—g interest was it lint no merely ravila at it \\‘lIIIl but perhaps at-corilinu In llu- true and strict delinitmit til the word. it initv not bi- a correct tune. that lmttrt-rt". in lilll of little con- M‘t|llt‘llCI'. \\'ln-tlm niv aIfL’Ill|lr'IlIr- II--\t‘ lu-t-it ul such it o.titirt- us toi-tmvim--- any in HIM llmimu ‘ tbet than would be little i-liaiwe nl il:III|.'0‘I0|Ib it’- snlts frogt a further incur! --I 'l'mtsiiry Mites, know not‘ put I assure vi-tr, |Ii;i| if I thought llill lunch tttmld be its i'eu.~o-qmenre. I \\'lIlIlll unheal- tatiugly prrii Inv plan in llIP Government anti oppose the Bill to the tiliiiusl of any in-Mr. hat I tfietl is; easiest lllllill. stay. I an cesmnsed. Illul it will not P“ . ' within three years ['l‘lte Hon. Sir. lli-ttuley , realise the evils so ilrlltIlII¢'IIlll' imurlriiwll ‘-, "H W‘ “ where is the amount ofitiu-.rest.‘ “ Illll Honor the Attorney General replied. that there was no necessit to have stated the pttrtit-nlar amount of interest, for the legal rate of interest . , t. was ‘presumed and could he recove . The Hon. r. Hensley diirred from his Holt. and contended thutit was indispcnsebly necessary, that both the rate sltould have been s a rtiettlur time, but that nei- er had been and consequently that such a fund- er would be liable to be exposed to the oaprice of the Government as to the amount of interest it would allow—-" they might,” said the Hon. Mr. Hensley, “ only allow you 4 r cent."-The Hon. the Attorney General “ I ink your Honor would understand it, if you were to e Treasury on each an errand" The circumstan- ces of this Colony are very di rent indeed from what they were in I I consider, that at the present moment, inde- pendently of the Treasury pa r altogether, this colony has a surplus of £2,580. currency. the Hon. Mr. Birnie "Ido not admit it."] he Treasurer-’s accounts shew it, and that not only in Bonds but from other sources. ind&endcnt of the Treasury Notes. In 1848, the lony was heavily in debt, but now it is free of it. con- tend, that the Colon is not paying any interest on any part of the pa lic debt, because although there was the sum of £22,000, on which infer-est was payable, yet there was, to meet at, the large amount of bonds. I have spoken of. bearin interest, so that one interest may be said tosbe uivalent to the other, and- there is ' otes which do not bear interest, and that debt is on these Treasur Notes not 'ug interest. and thus the Colony being rapidly increasing in rosperi , the Govern- ment is perfectly sti in bringing forward the present Bill (his Honor then referred to the emorandum by the Executive.) Now I difier altogether with some opinions of our Honors. I do not. coincide in them at all wit regard to the efict our issue of Notes would have on the establishing of a bank here, because I believe. that if one were established and its mane rs found that our pit r interfered with their oper- ations: cou it easily get hold of it and the ‘fund it. Siiplpose for instance the Bank ol' British Nort America were to esniblisli a bank here, how very easily could it bn_v up the‘ government paper. fund it, and issue their own pa r in place of it. But again, your Honors my, if you had the £25,000, what is to hinder e Government from issuing £25,000. more! Do not our Honors see, that there would be an efiectualcheok on such an attempt, because the Imperial Government would immediately turn roun say, no, you must not, you have issued enough already! But what danger I would ask, would are be with such p revenue olemtaeiely sxbibo contrary, I believe it to he afiititiwiztl ttteosum lul- l tnirably calculated to promote cotnmercinl enter- : prise and to sdvsnis- the prosperity of the Island in a greater ratio even Ilisii the last li-tr years have ' ’ . 'el|v second the Mo- ' tion that the Bill be read a '.’d time, and hope that ill meet with the eiioouragemeiil it so well tIP|0'I’\'t9l and that it will one long become part of the law oftbe lsnil. (To be continued.) LEISLATIVB SUHIABY House: or Assnaunv, 'l‘liursday, April 7. TI’-JNANT COMI’E.\'SA'I‘ION BILI. Hon. Mr. Cons, lkotn the Coinuiittce appoint- to draw u Reasons for disc eein to cer- tain of the uiicil‘s amendments to his Bill, presented to the House the following :— “ Because. as the first amendment declares that no Tenant shall be qualified to be an Arbi- trator," on the same princi le, no Tenant tvould be naliiled to serve as it uror in cases to be tri in the Courts of law between Landlord and Tenant, as, on the other bitnd,'I‘enunts may refuse to allow I-‘resholders to arbitrate or serve on Juries in similar cases. The House, there- fore, csn see no reason to de rt from the pre- sent prsctice of choosing Arbitrators, and there- fore cannot agree to the said first amendment. .“ The five succeedin amendments being con- tingent on the first. t te House, for the same reasons cannot agree to them. “ The seventh amendment-—being a proviso-— the House agrees to it part thereof, tit disagrees to the following. vi: :—‘ who shall have allotted more than four years‘ rent to have run in ur- retir,_or who shall have systematically dela ‘ed pa 'ug rent,’ or—because limiting the Bil to our years, would not ulord that encourage- ment to it Tenant to improve his Farm, which the Bill intended to carry out, as it Proprietor may allow the Rent to remain unpaid ti few months after that time b feigned encourage- ment, with it view to eta e the Compensation allowed under the Act. V “ The eighth, ninth and tenth amendments, being contingent on the lirst, the same rea- sons for disagreeing to it will therefore apply I em. ‘‘ The Eleventh tI.|llt.'Il(Illlt‘flI the House agrees l. *‘ The Twelfth iimendntent would destroy the equitiible working of the Bill. and is. tlterefore, ii‘ to “ lie Thirteenth is also disagreed to,—Be- cause, in the opinion of the House, it is not its equitable as the pi-ovisiotts of the Bill proposed to be struck out.“ The question of concurrent-e was carried on the following division :— F r agreeing to the Report.—Messrs. Coles, as we now have, 1:; the Colony beqoiaing Bunk- ru t cu in e resent a ication were QIIIIIIOIIBB. ‘Hie Ilevbuue wuspiisver so in and there is every indication that it will on increasing in amount too: look at our 1:130 ublic works, our buildings, our and ° of value in which have been invested.’ rt s—-all see are works the unds of the colony Honorable gentlemen opposed to this Bill have alleged that it is oontrar to the Royal In- structions. In retply to this, I would beg leave to say that with ese Bo al Instructions, we have nothing to do. If t is Bill be passed by us, it rests with his Excellency the Lieutenant Governor, whether he will assent to it or not. be reason wh no answer has been given to the Deepatch 0 his Excellency on this subject is owing altogether to the iar position of the Ministry and the immense aiaonut of impor- tant business on their hands. There was a change of the Ministry in Bell. last, and they have since then been so engaged in Election and other ‘matters, that they have had no leisure to devote to the interests of this Colony; butas the Bill has a aitqpending clause, if they should see fit to withliol from it Her Majesty a sanction. of course, however much cause we would have to regret the circumstance, it could not go into operation. His Excellanc alone, I repeat, is res ‘his to the Colonial rotary with regard to passiugiof the Act, and this will meet the objections wi respect to the Royal Instructions that have been raised. I have one through, I think, nearly all the material points that have been olered ' ‘ties to the Bill, and under the s ial fsvo le'snd fiourishiug circumstances the Colony, it is highly ex tent, in my opinion, to grant this issue pf otes. but if the stats of the revenue had been other than it is, I certainly would not have consented to it or vocatetl it, seeing, how- ever, a good revenue and the prospect of its con- tiuuiag to increase that the iwue is within its present amount, than Issy, by all mssoslst us try the experiment at any rate, and if In the course of two erihrss ears or so. it be found likely to produce any o the evils so confidently icted, why, then, it can re led. Who is to ltindsr iltis Government to issue £30,000 in dsbsuttiresf Your Honors say, but this would he on interest, but have] not shown you, that poo when they please stay fund these notes! iooroover, I gzd s myself, that if there should be found any di u ty experienced, as sortie slfirui there would, in procuring the legal aswuni of interest then I say, I pledge myssl , should any of these notes be funded, to introduce a Bill to prevent any dificulty on that score; I will do so, because the spirit sad integrity of the Statute have influenced the pro- uiotsrs of the present Bill on its introduction- they will maintain that statute is all its integrity. The reason why it has lain a dead letter on our statute Boolt, is not because it cannot be put in operation but simply because no one has ever thought proper to exercise tlte right. will say- of your honors say, tltst any one was ever prevent- ed from funding notes, merely use it was not in the Act when the quarter day was, and that there was not particular rate ol'iuto- rest utsutiooed l and it‘ be ssnaot do that. then the reuisrhs that have have with regard is ibatetstutc on this point will sesssssrlly fall is the gross . ' is another remark that I would notice, and thetie, with to the term " usurious" that has been tread. itlicui regard to ever-aloud‘ I would lllastrateit; sap pass I have a Wsrruat for (I00 sail this Warrant wersio besrluieruustlps so sshaeethsrtoglve as E 00 forltsuil he were I siesssse thsaiibsveouits bss,asdn leduetssuhmiito Whelan. lord, Mooney. Cum ion, Wurburton, Clark, Wi htmiin, Jiirdine, hornton, Fraser, acsulay, scneill— 3. , _$tgaliist it—bIessrs. Palmer, Yeo, Longwortli Norton, Anti. II. By Message, the House were informed that the Legislative Council had passed the Bill, inti- tuled An Act to enable the Government of this Island totalte possession of Lands, when required to erect Light Houses, and for other public pur- poses, and to pay coinpensstioii to the Owners or Occupiers thereof. JUNIPER KNEIX. The Hon. the Comtusi. Sitcitr-t-sax, by com- msnd of His Excellency the Lieut. Governor, read to the House the following Message : A. Bsruvsttaini, Lieut. Governor. The Liont. Governor transmits to the House of Assembly. two Petitions-one of them very numerously signed—on the subject of the expor- tation of Juniper Knees. and the duties imposed thereon. The Lieut. Governor understands the Revenue Bill has not passed, and he is desirous that the Petitioners’ case should be submitted to the consideration of the Assembly : he only received the Petition about an hour ago. Lieui. Governor's Ofice, lltlt. April, 1863 III! BILL. The Revenue Bill was read a third time and CROWN LANDS AND CROWN FISHERY RESERVE. Hon. Mr. loan, from s Committee appoint.- to prepare the Draft of an Address to His Excellency with rss t to the wn s and Crown Fishery serves, re rtod the fol- lowing which was agreed to by a House, on a division, as below given : To His Bzcrllrn Sir Jllrzundn Boruisrwiun, Knight, Lfrut. nor, §c., May it please your Excellency ; The House of Assembly ‘having bad under their consideration, certain portions of the Crown Inside and the lands denominated Fish- ery Reserves, and having referred the seine to a pecial Committee who have reported thereon —wlticb Report has been agreed to,and is here- with anncxed—the House res tfully request that your Excellency will be p eased to give ef- fect to the recommendation therein contained. The question being put, that the Address re- rted from the Committee be agreed to, ouse divided : Ysa.s—Hen. Hr. Lord, Hon. Mr. Whelan, Hon. Mr. Jardine, Mr. Iaird, Mr. Hacusill, Hon. Mr. , Hon. Hr. Wat-but-son, Mr. Fraser, Hr. Davies. and Mr. lIoonsy— . N Hon. Hr. Palmer. Mr. Lou ortlt,Hr. You, on. Mr. Thor-uton.Mr. Clar , and Hr. Hsviland—6 So it was o'er-ried in the alt-mative. I'l.'I'I‘I'l0l OP NIII. DARRACH. Mr. Dtvrss, from the Committee sp lured to rcpare an Address to His llxcsllsucy be Lleut. vernor, on the an oftbe Petition of Neil Dsrnicli. Township o. 66, reseu e fol- lowing, which was agreed to y the House : lb His Es-csllsse on Alexander Bsiiaorsisu. Isfgbl, Meal. rser, 0a.. ti... re. May it please your Excellency; The House of Assembly havin under their emislderatiiiuottlia Petition of ail Wflgnl, oorsplalulu ust rooeedi twouc s as w ettbs sut fHsri-y I';.slack0umbsr- . lie, and Wife, and having referred he same to a Special Committee to report there- on-'—wbloli Report to herewith \\'t;u.\'iu~'u.tt'. .\pril I3. Hl‘lP(ill'I' ON TH I‘? Pl-I‘l‘l'|'Iti.\' OI“ NI-TIL I).\Rll.l('ll. 'l'ln~ llotnw again took up the lit.‘liUI‘I of the Special Lomuiittee on tho Petition of NellDnr- rscb, which had been agreed to by the House, on Saturday. 8th instant.(its iven in Hnsuird's Hnzettee. .\o. 24); and ti vri-e to strike out the lust clause thereof. wliich reeomntends Ilia granting of -,'i0 airrs q/'Laud. in Lot 55,10 (Its Pemwncr, and an appliailien be male In the Limit. (i'oi-(mar I0 Ilia! aim; and to sttlistittttr iitstetid thereof the following : " Your ('omiiiittee would tlterc-fore recommend that art Address l)t‘ presented to Ilia E.“-elleticy the Liettt. Governor. l’I‘f|llt‘flIlllg that he will be leased to submit the etidettcc aitd report oi the Special Committee of this House, to the Judges of the Supreme Court,or Court of Chun- cei-_v,witlt the view to ascertain their decision on the merits of Neil Dari-ach's case, and they rt-conirneu a new trial to be commenced, then this House will make good any expense at- tending the same.” JUNIPER KNI-II-28. Mr. IJONu\\'0lt‘l'II ve notice that he would, in the next Session 0 the Legislature, move that it ditty of Fire Shillings be im each and every Juniper Knee, expor from this Island, during the year l854.—'I‘he hon. member said, that is object, in givin such timely notice, was that parties who utig t, hereafter, contract for the supply ofnny quuntit of Juniper Knees for exportation, mi ht be ful _v aware, when so doing. of what might. be the notion ofthe Le is- laturle in it future Session.with reference to t tat nrtic e. ' In New Brunswick, with a view to the protection of the Shipbuilding and general in-1 rerests, an export duty of «is. 6d. had been in- posed upon each and every Juniper Knee which‘ should be exported from the Province; and he was persuaded theta due regard to the Ship- building and general interests of this Colony da- tnitnded the imposition of it similar pro duty by its Legislature. ' ALLOWANCI-ZS. Hon. Mr. Taoasros. from a Committee ap- pointed to prepare tin Address to His Excellency on the Slllljecl of certain allowances to the Post .\Iuater at Georgetown and Angus Mscdonald, of East Point, late it Preventive ollicer. reported the following Address wnit-it was agreed to by the" House : To His Er-rrllency Sir .dls.-rundrr Buunrrwiavt, lt'ui‘l,rh!, Liruf. Governor. d-r.. din. 5-t. May it please your Excellency ; . The House of Assembly, in the Report on the Post Oflice Depiirtnieitt, which was presented to Your lixcellt-in-_v. rec-omiiiend that an additional Sum of Five Pounds be paid to the Post Master at Georgetown. And the House also while in tfottttttitto-e of the whole on Illt! Petition of An- gus Muciloniild, of East Point. line it Preventive tiilii-er. agreed to allow hint the sum of 127 10s. 7d. tilt‘ amount of Costs incurred by ltim in prosecuting certain parties for an alleged breach of the Revenue Act 0 "1. these nui- ounts were not provided for in Committee of Supply; and, therefore the [louse of Assembl respectfully request your Ext-elleitc in Counci to direct the pa ments to be ma e, and the House will provide for the some in its nextSss- sion. . Rrporf on the subject of the Crown Lands and Crown I"i’rItrry Rrssrm. .Nbts.—~With reference to the leport of the Special Committee on this subject, as ado ted by the -House Saturday the 8th. instant, and pub isbsd in Hnssurifs Gums, No. 24, the Reporter, at the requeut of Mu‘. Cnaax, takes this opportunity to state that, when Ms. Clark signed the Report, it contained a recent- mendation " that reasonable compensation should be made. for the sacrifices which Ienants ‘mid usnlf free holders‘ would be called upon to endure, when ' ' , for fishing purposes, any parts of the Reserves in t eir occu tion or possemion;" but. I frrrltoldrrs" which had been inserted in the Report. at the suggestion of Mn. Cnaux, were struck out when the Report was under consideration on u Comrniliee of the whole House; aitd, consequently. the Report, in this particular‘. is not as llll. CLARK sign it. 'I‘ on. member also wishes it to be further stated, that he was acci- dentally sbsent. at the tiinet division on the Report took place, or he would have voted against its being adopted by the House. as amended in Committee ll. B. lnvnto. Reporter. SCRAP! OF BBWI. The Collins’ steamer Arctic arrived at New éprkl on 5th April, with Liverpool dates to the II t. A letter from M. Bucos, the French Minister of Marine, in reply to one addressed to him b Mr. Ewart. M. ., is published in the Englis i paper . It gives assurances of the most pacific mtentious of the French Government, and con- siders that any serious misuttdsrstandin be- tween the two nations would be one o the geatest misfortunes. A lace on the 19th ultimo, in the Prince of Wu. es’ Tower, in Windsor (hstle vet-a rooms in occupation of tltelloyul faruiIy_were badly burned, and at one time the whole edifice was in daugero total club. The Canadian House of Asesoibl has poled a bill iuorsssing the representation that body from eight -four to one hundred and twenty- eight men rs. Waccx or 1-ns.Qusss Vics-osu.—We inserted a lens from Wilmer Times last week usrrstin w at the Diver had seen on board of the wreck the Victoria, We and that he contradicts the state- ment altogether, we here insert 'l‘lie Diver's Nar- relive.-—En.] The operations for the raising of the hull of the ill-fated stcaru ship Victoria have been sus- pended for the present. Other sppllsness beside thee employed are to be tried when the tides and wsstlisr permit. I no to some uils-stsie- meats in the London journals, the diver, W. Campbell, who was out I ed on the vessel, says that H the writer must ave fueled the thing litm- sef, or was iuost grossly misinformed of the facts connected with the matter. as in place of my seeing, any persons in the cabin with glasses, elis s, ,. before them, it was with the utmost dlflsttliy tlllti y a rope with a grspoel attached, which was hooked into a pan ms iner . s soon as I let go, on my feet touching the . the tide carried ute to the vesml's side, sttlie sfierpart of the puddlehox, and the fennel. which fell over previous, lay at as ' spgls of about is. one sod on the sands, or uenoni, a the other on the rail or severing board of the vessel, the water being, as it in that always is, qpite thick or modily in the race of the tide of truth. I could not see anything -, it was on feeling I could ascertain that I was ietrodueedlute the fusuel, down which I was about being carried. I caught hold of the edge of it, is my tr leg to get hold of soiustbin is steady wyrelf. water Is ssonsu feet p at low tide. leould not do any good in the way efau isspsctins, Isdliig the ehrouds that sold the funnel were already bvsksa (as the chief hssissss thut brought me there was is get it sleer srtss ship's ' , to Ihsilitete the